| Product Code: ETC7919372 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to rely heavily on potassium formate imports, with significant contributions from Lithuania, Norway, Sweden, Germany, and Poland. Despite a slight decline in growth rate from the previous year, the compound annual growth rate (CAGR) for 2020-2024 stands impressively high at 31.59%. The high concentration of Herfindahl-Hirschman Index (HHI) indicates a consolidated market for potassium formate imports in Latvia, suggesting a competitive landscape dominated by a few key exporting countries.

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 Potassium Formate Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Potassium Formate Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Potassium Formate Market - Industry Life Cycle |
3.4 Latvia Potassium Formate Market - Porter's Five Forces |
3.5 Latvia Potassium Formate Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Latvia Potassium Formate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Potassium Formate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for environmentally friendly de-icing solutions |
4.2.2 Increasing adoption of potassium formate as a drilling fluid additive in the oil and gas industry |
4.2.3 Favorable regulatory environment promoting the use of potassium formate in various applications |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Intense competition from alternative de-icing agents and drilling fluid additives |
4.3.3 Limited awareness and understanding of the benefits of potassium formate among end-users |
5 Latvia Potassium Formate Market Trends |
6 Latvia Potassium Formate Market, By Types |
6.1 Latvia Potassium Formate Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Latvia Potassium Formate Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Latvia Potassium Formate Market Revenues & Volume, By Solid, 2021- 2031F |
6.1.4 Latvia Potassium Formate Market Revenues & Volume, By Liquid, 2021- 2031F |
6.2 Latvia Potassium Formate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Potassium Formate Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.2.3 Latvia Potassium Formate Market Revenues & Volume, By De-icing, 2021- 2031F |
6.2.4 Latvia Potassium Formate Market Revenues & Volume, By Heat Transfer, 2021- 2031F |
6.2.5 Latvia Potassium Formate Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Potassium Formate Market Import-Export Trade Statistics |
7.1 Latvia Potassium Formate Market Export to Major Countries |
7.2 Latvia Potassium Formate Market Imports from Major Countries |
8 Latvia Potassium Formate Market Key Performance Indicators |
8.1 Research and development investment in potassium formate-based products |
8.2 Number of patents filed or granted related to potassium formate applications |
8.3 Adoption rate of potassium formate in new industries or applications |
8.4 Environmental impact assessments and certifications for potassium formate products |
8.5 Percentage of market share held by potassium formate compared to traditional alternatives |
9 Latvia Potassium Formate Market - Opportunity Assessment |
9.1 Latvia Potassium Formate Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Latvia Potassium Formate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Potassium Formate Market - Competitive Landscape |
10.1 Latvia Potassium Formate Market Revenue Share, By Companies, 2024 |
10.2 Latvia Potassium Formate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |