| Product Code: ETC5045808 | 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 |
Latvia`s import shipments of polyurethane adhesives in 2024 saw consistent growth with a CAGR of 0.64 from 2020 to 2024. Despite a slight decline in growth rate in 2024 (-8.04), the market remained competitive with low concentration indicated by the Herfindahl-Hirschman Index (HHI). Key exporting countries to Latvia included Lithuania, Estonia, Germany, Metropolitan France, and the Netherlands, showcasing a diverse range of sources for these essential materials. This data suggests a stable and dynamic market for polyurethane adhesives in Latvia with strong potential for continued growth and partnerships with neighboring countries.

By 2027, Latvia's Polyurethane Adhesives market is forecasted to achieve a stable growth rate of 3.19%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.

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 Polyurethane Adhesives Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Polyurethane Adhesives Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Polyurethane Adhesives Market - Industry Life Cycle |
3.4 Latvia Polyurethane Adhesives Market - Porter's Five Forces |
3.5 Latvia Polyurethane Adhesives Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Latvia Polyurethane Adhesives Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Latvia Polyurethane Adhesives Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Polyurethane Adhesives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for eco-friendly and sustainable adhesive solutions |
4.2.2 Increasing adoption of polyurethane adhesives in various industries like automotive, construction, and packaging |
4.2.3 Technological advancements leading to improved performance characteristics of polyurethane adhesives |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting production costs |
4.3.2 Stringent regulations and environmental concerns related to the use of certain chemicals in polyurethane adhesives |
5 Latvia Polyurethane Adhesives Market Trends |
6 Latvia Polyurethane Adhesives Market Segmentations |
6.1 Latvia Polyurethane Adhesives Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Polyurethane Adhesives Market Revenues & Volume, By Thermoset, 2021-2031F |
6.1.3 Latvia Polyurethane Adhesives Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.2 Latvia Polyurethane Adhesives Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Latvia Polyurethane Adhesives Market Revenues & Volume, By Solvent-borne, 2021-2031F |
6.2.3 Latvia Polyurethane Adhesives Market Revenues & Volume, By 100% Solids, 2021-2031F |
6.2.4 Latvia Polyurethane Adhesives Market Revenues & Volume, By Dispersion, 2021-2031F |
6.2.5 Latvia Polyurethane Adhesives Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Polyurethane Adhesives Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Polyurethane Adhesives Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.3.3 Latvia Polyurethane Adhesives Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.4 Latvia Polyurethane Adhesives Market Revenues & Volume, By Packaging, 2021-2031F |
6.3.5 Latvia Polyurethane Adhesives Market Revenues & Volume, By Footwear, 2021-2031F |
6.3.6 Latvia Polyurethane Adhesives Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.7 Latvia Polyurethane Adhesives Market Revenues & Volume, By Furniture & Decoration, 2021-2031F |
7 Latvia Polyurethane Adhesives Market Import-Export Trade Statistics |
7.1 Latvia Polyurethane Adhesives Market Export to Major Countries |
7.2 Latvia Polyurethane Adhesives Market Imports from Major Countries |
8 Latvia Polyurethane Adhesives Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly polyurethane adhesives in the market |
8.2 Number of new applications or industries using polyurethane adhesives |
8.3 Research and development investment in enhancing the performance of polyurethane adhesives |
9 Latvia Polyurethane Adhesives Market - Opportunity Assessment |
9.1 Latvia Polyurethane Adhesives Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Latvia Polyurethane Adhesives Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Latvia Polyurethane Adhesives Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Polyurethane Adhesives Market - Competitive Landscape |
10.1 Latvia Polyurethane Adhesives Market Revenue Share, By Companies, 2024 |
10.2 Latvia Polyurethane Adhesives 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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