| Product Code: ETC7919226 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to see a steady flow of polyurethane powder coatings imports, with top exporters being Poland, Finland, Germany, Estonia, and Lithuania. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a moderate level. However, the industry experienced a negative compound annual growth rate (CAGR) of -8.65% from 2020 to 2024, with a further decline in growth rate from 2023 to 2024 at -12.22%. This suggests a challenging environment for the polyurethane powder coatings market in Latvia, highlighting the need for strategic adjustments and market monitoring.

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 Powder Coatings Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Polyurethane Powder Coatings Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Polyurethane Powder Coatings Market - Industry Life Cycle |
3.4 Latvia Polyurethane Powder Coatings Market - Porter's Five Forces |
3.5 Latvia Polyurethane Powder Coatings Market Revenues & Volume Share, By Coating Type, 2021 & 2031F |
3.6 Latvia Polyurethane Powder Coatings Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Polyurethane Powder Coatings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for eco-friendly coatings due to environmental regulations |
4.2.2 Increasing use of polyurethane powder coatings in various end-use industries |
4.2.3 Technological advancements leading to improved performance and durability of polyurethane powder coatings |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Lack of awareness about the benefits of polyurethane powder coatings among end-users |
4.3.3 Competition from alternative coating technologies such as liquid coatings |
5 Latvia Polyurethane Powder Coatings Market Trends |
6 Latvia Polyurethane Powder Coatings Market, By Types |
6.1 Latvia Polyurethane Powder Coatings Market, By Coating Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Polyurethane Powder Coatings Market Revenues & Volume, By Coating Type, 2021- 2031F |
6.1.3 Latvia Polyurethane Powder Coatings Market Revenues & Volume, By Protective Coatings, 2021- 2031F |
6.1.4 Latvia Polyurethane Powder Coatings Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Polyurethane Powder Coatings Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Polyurethane Powder Coatings Market Revenues & Volume, By Aerospace, 2021- 2031F |
6.2.3 Latvia Polyurethane Powder Coatings Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.4 Latvia Polyurethane Powder Coatings Market Revenues & Volume, By Building & Construction, 2021- 2031F |
6.2.5 Latvia Polyurethane Powder Coatings Market Revenues & Volume, By Furniture, 2021- 2031F |
6.2.6 Latvia Polyurethane Powder Coatings Market Revenues & Volume, By Marine, 2021- 2031F |
6.2.7 Latvia Polyurethane Powder Coatings Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Polyurethane Powder Coatings Market Import-Export Trade Statistics |
7.1 Latvia Polyurethane Powder Coatings Market Export to Major Countries |
7.2 Latvia Polyurethane Powder Coatings Market Imports from Major Countries |
8 Latvia Polyurethane Powder Coatings Market Key Performance Indicators |
8.1 Rate of adoption of polyurethane powder coatings in new industries |
8.2 Percentage increase in research and development investment in polyurethane powder coatings |
8.3 Number of new product launches and innovations in the polyurethane powder coatings market |
9 Latvia Polyurethane Powder Coatings Market - Opportunity Assessment |
9.1 Latvia Polyurethane Powder Coatings Market Opportunity Assessment, By Coating Type, 2021 & 2031F |
9.2 Latvia Polyurethane Powder Coatings Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Polyurethane Powder Coatings Market - Competitive Landscape |
10.1 Latvia Polyurethane Powder Coatings Market Revenue Share, By Companies, 2024 |
10.2 Latvia Polyurethane Powder Coatings 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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