| Product Code: ETC5714513 | 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 polyurethane composites import shipments in 2024 continued to be dominated by top exporters such as Germany, USA, Poland, Lithuania, and Finland. The market saw a shift from high to moderate concentration levels, indicating increased diversification among suppliers. The compound annual growth rate (CAGR) from 2020 to 2024 was steady at 2.63%, although there was a slight decline in growth rate from 2023 to 2024 at -9.66%. This data suggests a stable market with room for potential expansion and evolving trade dynamics in the coming years.

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 Composites Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Polyurethane Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Polyurethane Composites Market - Industry Life Cycle |
3.4 Latvia Polyurethane Composites Market - Porter's Five Forces |
3.5 Latvia Polyurethane Composites Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Polyurethane Composites Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.7 Latvia Polyurethane Composites Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Latvia Polyurethane Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable materials in various industries such as automotive, construction, and aerospace. |
4.2.2 Growing awareness and adoption of sustainable and eco-friendly materials in manufacturing processes. |
4.2.3 Technological advancements leading to the development of innovative polyurethane composites with enhanced properties. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the overall production cost of polyurethane composites. |
4.3.2 Stringent regulations and environmental policies affecting the production and usage of polyurethane composites. |
4.3.3 Competition from other advanced materials like carbon fiber composites and fiberglass composites. |
5 Latvia Polyurethane Composites Market Trends |
6 Latvia Polyurethane Composites Market Segmentations |
6.1 Latvia Polyurethane Composites Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Polyurethane Composites Market Revenues & Volume, By Glass, 2021-2031F |
6.1.3 Latvia Polyurethane Composites Market Revenues & Volume, By Carbon, 2021-2031F |
6.2 Latvia Polyurethane Composites Market, By Manufacturing Process |
6.2.1 Overview and Analysis |
6.2.2 Latvia Polyurethane Composites Market Revenues & Volume, By Lay-Up, 2021-2031F |
6.2.3 Latvia Polyurethane Composites Market Revenues & Volume, By Pultrusion, 2021-2031F |
6.2.4 Latvia Polyurethane Composites Market Revenues & Volume, By Resin Transfer Molding, 2021-2031F |
6.3 Latvia Polyurethane Composites Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Polyurethane Composites Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.3 Latvia Polyurethane Composites Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.4 Latvia Polyurethane Composites Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
7 Latvia Polyurethane Composites Market Import-Export Trade Statistics |
7.1 Latvia Polyurethane Composites Market Export to Major Countries |
7.2 Latvia Polyurethane Composites Market Imports from Major Countries |
8 Latvia Polyurethane Composites Market Key Performance Indicators |
8.1 Research and development investment in new polyurethane composite technologies. |
8.2 Number of patents filed for polyurethane composite applications. |
8.3 Adoption rate of polyurethane composites in key end-user industries. |
8.4 Percentage of recycled materials used in polyurethane composite production. |
9 Latvia Polyurethane Composites Market - Opportunity Assessment |
9.1 Latvia Polyurethane Composites Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Polyurethane Composites Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.3 Latvia Polyurethane Composites Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Latvia Polyurethane Composites Market - Competitive Landscape |
10.1 Latvia Polyurethane Composites Market Revenue Share, By Companies, 2024 |
10.2 Latvia Polyurethane Composites 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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