| Product Code: ETC13006261 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Latvia`s polyol esters import market in 2024 continued to be dominated by top exporters such as Poland, Austria, Metropolitan France, Lithuania, and Germany. Despite a significant negative CAGR of -15.3% from 2020 to 2024, the market saw a slightly improved growth rate of -13.3% from 2023 to 2024. The high concentration level, as indicated by the Herfindahl-Hirschman Index (HHI), remained stable, suggesting a consistent competitive landscape among the key exporting countries. This data highlights the resilience and competitive dynamics within the polyol esters import market in Latvia.

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 Polyol Esters Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Polyol Esters Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Polyol Esters Market - Industry Life Cycle |
3.4 Latvia Polyol Esters Market - Porter's Five Forces |
3.5 Latvia Polyol Esters Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Polyol Esters Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Polyol Esters Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.8 Latvia Polyol Esters Market Revenues & Volume Share, By Properties, 2021 & 2031F |
4 Latvia Polyol Esters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for bio-based and sustainable products in various industries |
4.2.2 Increasing awareness about the benefits of using polyol esters in applications such as lubricants and personal care products |
4.2.3 Favorable government regulations promoting the use of environmentally friendly chemicals in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in polyol esters production |
4.3.2 Intense competition from alternative chemical compounds in the market |
5 Latvia Polyol Esters Market Trends |
6 Latvia Polyol Esters Market, By Types |
6.1 Latvia Polyol Esters Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Polyol Esters Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Polyol Esters Market Revenues & Volume, By Synthetic, 2021 - 2031F |
6.1.4 Latvia Polyol Esters Market Revenues & Volume, By Natural, 2021 - 2031F |
6.2 Latvia Polyol Esters Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Polyol Esters Market Revenues & Volume, By Lubricants, 2021 - 2031F |
6.2.3 Latvia Polyol Esters Market Revenues & Volume, By Industrial Fluids, 2021 - 2031F |
6.2.4 Latvia Polyol Esters Market Revenues & Volume, By Metalworking Fluids, 2021 - 2031F |
6.2.5 Latvia Polyol Esters Market Revenues & Volume, By Refrigeration Lubricants, 2021 - 2031F |
6.3 Latvia Polyol Esters Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Polyol Esters Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.3.3 Latvia Polyol Esters Market Revenues & Volume, By Aerospace, 2021 - 2031F |
6.3.4 Latvia Polyol Esters Market Revenues & Volume, By Energy and Power, 2021 - 2031F |
6.3.5 Latvia Polyol Esters Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.4 Latvia Polyol Esters Market, By Properties |
6.4.1 Overview and Analysis |
6.4.2 Latvia Polyol Esters Market Revenues & Volume, By Neopentyl Glycol (NPG), 2021 - 2031F |
6.4.3 Latvia Polyol Esters Market Revenues & Volume, By Trimethylolpropane (TMP), 2021 - 2031F |
6.4.4 Latvia Polyol Esters Market Revenues & Volume, By Pentaerythritol (PE), 2021 - 2031F |
6.4.5 Latvia Polyol Esters Market Revenues & Volume, By Dipentaerythritol (Di-PE), 2021 - 2031F |
7 Latvia Polyol Esters Market Import-Export Trade Statistics |
7.1 Latvia Polyol Esters Market Export to Major Countries |
7.2 Latvia Polyol Esters Market Imports from Major Countries |
8 Latvia Polyol Esters Market Key Performance Indicators |
8.1 Percentage of bio-based polyol esters in the overall product portfolio |
8.2 Research and development investment in innovating new polyol esters formulations |
8.3 Number of partnerships and collaborations with key industry players for market expansion |
9 Latvia Polyol Esters Market - Opportunity Assessment |
9.1 Latvia Polyol Esters Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Polyol Esters Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Polyol Esters Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.4 Latvia Polyol Esters Market Opportunity Assessment, By Properties, 2021 & 2031F |
10 Latvia Polyol Esters Market - Competitive Landscape |
10.1 Latvia Polyol Esters Market Revenue Share, By Companies, 2024 |
10.2 Latvia Polyol Esters 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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