| Product Code: ETC7919082 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Belgium, Germany, Lithuania, Turkey, and Poland were the top countries exporting Polydimethylsiloxane (PDMS) to Latvia. Despite a high Herfindahl-Hirschman Index (HHI) concentration in 2023, the market saw a shift to high concentration in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 21.36%, but there was a notable decline in growth rate from 2023 to 2024 at -58.87%. This suggests a potential shift or challenge in the PDMS import market dynamics in Latvia, warranting further analysis and strategic considerations for stakeholders.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Polydimethylsiloxane (PDMS) Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Polydimethylsiloxane (PDMS) Market - Industry Life Cycle |
3.4 Latvia Polydimethylsiloxane (PDMS) Market - Porter's Five Forces |
3.5 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume Share, By End- User, 2021 & 2031F |
3.8 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Polydimethylsiloxane (PDMS) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for silicone-based products in various industries such as personal care, automotive, and construction. |
4.2.2 Growing usage of polydimethylsiloxane (PDMS) in medical and healthcare applications due to its biocompatible nature and versatility. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of PDMS. |
4.3.2 Stringent regulations related to the use of silicone-based products in certain industries, affecting market penetration. |
5 Latvia Polydimethylsiloxane (PDMS) Market Trends |
6 Latvia Polydimethylsiloxane (PDMS) Market, By Types |
6.1 Latvia Polydimethylsiloxane (PDMS) Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By Low-Molecular Weight PDMS, 2021- 2031F |
6.1.4 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By High-Molecular Weight PDMS, 2021- 2031F |
6.1.5 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By Ultra-High Molecular Weight PDMS, 2021- 2031F |
6.2 Latvia Polydimethylsiloxane (PDMS) Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By PDMS Elastomers, 2021- 2031F |
6.2.3 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By PDMS Fluids, 2021- 2031F |
6.2.4 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By PDMS Resins, 2021- 2031F |
6.2.5 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Polydimethylsiloxane (PDMS) Market, By End- User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By Industrial Process, 2021- 2031F |
6.3.3 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By Transportation, 2021- 2031F |
6.3.4 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By Healthcare, 2021- 2031F |
6.3.5 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Latvia Polydimethylsiloxane (PDMS) Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By Lubricants and Greases, 2021- 2031F |
6.4.3 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By Food & Beverages Industry, 2021- 2031F |
6.4.4 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.4.5 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By Cosmetic Industry, 2021- 2031F |
6.4.6 Latvia Polydimethylsiloxane (PDMS) Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Polydimethylsiloxane (PDMS) Market Import-Export Trade Statistics |
7.1 Latvia Polydimethylsiloxane (PDMS) Market Export to Major Countries |
7.2 Latvia Polydimethylsiloxane (PDMS) Market Imports from Major Countries |
8 Latvia Polydimethylsiloxane (PDMS) Market Key Performance Indicators |
8.1 Research and development investment in new PDMS applications. |
8.2 Number of patents filed for PDMS-related innovations. |
8.3 Adoption rate of PDMS in emerging industries like electronics and textiles. |
9 Latvia Polydimethylsiloxane (PDMS) Market - Opportunity Assessment |
9.1 Latvia Polydimethylsiloxane (PDMS) Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Polydimethylsiloxane (PDMS) Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Latvia Polydimethylsiloxane (PDMS) Market Opportunity Assessment, By End- User, 2021 & 2031F |
9.4 Latvia Polydimethylsiloxane (PDMS) Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Polydimethylsiloxane (PDMS) Market - Competitive Landscape |
10.1 Latvia Polydimethylsiloxane (PDMS) Market Revenue Share, By Companies, 2024 |
10.2 Latvia Polydimethylsiloxane (PDMS) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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