| Product Code: ETC5308882 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s import shipments of polysulfide in 2024 were primarily sourced from Germany, Ireland, China, Lithuania, and Poland. Despite a negative Compound Annual Growth Rate (CAGR) of -20.34% from 2020 to 2024 and a further decline in growth rate from 2023 to 2024 at -15.1%, the Herfindahl-Hirschman Index (HHI) indicated a persistently high concentration of imports among the top exporting countries. This suggests a stable market dominance among key players, with potential implications for market dynamics and competition in the polysulfide sector in Latvia.

The Polysulfide market in Latvia is projected to grow at a stable growth rate of 3.76% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Polysulfide Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Polysulfide Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Polysulfide Market - Industry Life Cycle |
3.4 Latvia Polysulfide Market - Porter's Five Forces |
3.5 Latvia Polysulfide Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Polysulfide Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Polysulfide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for polysulfide in construction and infrastructure projects in Latvia |
4.2.2 Increasing use of polysulfide in automotive and aerospace industries for sealants and adhesives |
4.2.3 Rising awareness about the benefits of polysulfide in terms of durability and chemical resistance |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in polysulfide production |
4.3.2 Stringent regulations and environmental concerns related to the use of polysulfide |
4.3.3 Competition from alternative sealant and adhesive products in the market |
5 Latvia Polysulfide Market Trends |
6 Latvia Polysulfide Market Segmentations |
6.1 Latvia Polysulfide Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Polysulfide Market Revenues & Volume, By Thiokols, 2021-2031F |
6.1.3 Latvia Polysulfide Market Revenues & Volume, By Solid Polysulfide Elastomers, 2021-2031F |
6.2 Latvia Polysulfide Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Polysulfide Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.3 Latvia Polysulfide Market Revenues & Volume, By Industrial Processing & Application, 2021-2031F |
6.2.4 Latvia Polysulfide Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.5 Latvia Polysulfide Market Revenues & Volume, By Protective Coatings, 2021-2031F |
6.2.6 Latvia Polysulfide Market Revenues & Volume, By Specialty Chemicals, 2021-2031F |
6.2.7 Latvia Polysulfide Market Revenues & Volume, By others, 2021-2031F |
7 Latvia Polysulfide Market Import-Export Trade Statistics |
7.1 Latvia Polysulfide Market Export to Major Countries |
7.2 Latvia Polysulfide Market Imports from Major Countries |
8 Latvia Polysulfide Market Key Performance Indicators |
8.1 Number of new construction and infrastructure projects utilizing polysulfide |
8.2 Percentage increase in the use of polysulfide in the automotive and aerospace sectors |
8.3 Research and development investment in improving polysulfide formulations and applications |
9 Latvia Polysulfide Market - Opportunity Assessment |
9.1 Latvia Polysulfide Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Polysulfide Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Polysulfide Market - Competitive Landscape |
10.1 Latvia Polysulfide Market Revenue Share, By Companies, 2024 |
10.2 Latvia Polysulfide 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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