| Product Code: ETC4804945 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to heavily rely on imports of polysulfide rubber, with top exporters being Poland, Belgium, Germany, Estonia, and the UK. Despite the high concentration of the Herfindahl-Hirschman Index (HHI) indicating limited market competition, the industry has seen significant growth with a remarkable compound annual growth rate (CAGR) of 17.95% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024 at -31.24%, suggesting potential market challenges or shifts in demand dynamics that importers and stakeholders should monitor closely.

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 Rubber Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Polysulfide Rubber Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Polysulfide Rubber Market - Industry Life Cycle |
3.4 Latvia Polysulfide Rubber Market - Porter's Five Forces |
3.5 Latvia Polysulfide Rubber Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Latvia Polysulfide Rubber Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Polysulfide Rubber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for eco-friendly and sustainable materials in various industries |
4.2.2 Increasing focus on infrastructure development and construction projects in Latvia |
4.2.3 Rising adoption of polysulfide rubber in aerospace and automotive industries |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Competition from alternative materials such as polyurethane and silicone rubber |
4.3.3 Stringent regulations and environmental policies affecting the manufacturing process |
5 Latvia Polysulfide Rubber Market Trends |
6 Latvia Polysulfide Rubber Market Segmentations |
6.1 Latvia Polysulfide Rubber Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Latvia Polysulfide Rubber Market Revenues & Volume, By Liquid Form, 2021-2031F |
6.1.3 Latvia Polysulfide Rubber Market Revenues & Volume, By Solid Form, 2021-2031F |
6.2 Latvia Polysulfide Rubber Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Polysulfide Rubber Market Revenues & Volume, By Insulated glass, 2021-2031F |
6.2.3 Latvia Polysulfide Rubber Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.4 Latvia Polysulfide Rubber Market Revenues & Volume, By Marine, 2021-2031F |
6.2.5 Latvia Polysulfide Rubber Market Revenues & Volume, By Aircrafts, 2021-2031F |
6.2.6 Latvia Polysulfide Rubber Market Revenues & Volume, By Construction, 2021-2031F |
6.2.7 Latvia Polysulfide Rubber Market Revenues & Volume, By Sealant, 2021-2031F |
7 Latvia Polysulfide Rubber Market Import-Export Trade Statistics |
7.1 Latvia Polysulfide Rubber Market Export to Major Countries |
7.2 Latvia Polysulfide Rubber Market Imports from Major Countries |
8 Latvia Polysulfide Rubber Market Key Performance Indicators |
8.1 Research and development investment in new polysulfide rubber formulations |
8.2 Number of infrastructure projects utilizing polysulfide rubber in Latvia |
8.3 Percentage increase in polysulfide rubber usage in aerospace and automotive applications |
9 Latvia Polysulfide Rubber Market - Opportunity Assessment |
9.1 Latvia Polysulfide Rubber Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Latvia Polysulfide Rubber Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Polysulfide Rubber Market - Competitive Landscape |
10.1 Latvia Polysulfide Rubber Market Revenue Share, By Companies, 2024 |
10.2 Latvia Polysulfide Rubber 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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