| Product Code: ETC5316862 | 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 import shipments of saturated polyester resin saw a steady growth with a CAGR of 5.97% from 2020 to 2024. In 2024, top exporters to Latvia included Poland, Finland, Sweden, Czechia, and Estonia. The market concentration, as measured by the HHI, decreased from moderate to low in 2024, indicating a more diversified import market. The growth rate in 2024 was 2.07%, reflecting a stable and promising trend for the saturated polyester resin import market in Latvia.

The Saturated Polyester Resin market in Latvia is projected to grow at a stable growth rate of 0.43% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

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 Saturated Polyester Resin Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Saturated Polyester Resin Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Saturated Polyester Resin Market - Industry Life Cycle |
3.4 Latvia Saturated Polyester Resin Market - Porter's Five Forces |
3.5 Latvia Saturated Polyester Resin Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Saturated Polyester Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Saturated Polyester Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from the automotive industry for manufacturing parts and components using saturated polyester resin. |
4.2.2 Increasing use of saturated polyester resin in the construction industry for applications like coatings and composites. |
4.2.3 Technological advancements leading to the development of high-performance saturated polyester resin products. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the production cost of saturated polyester resin. |
4.3.2 Stringent environmental regulations and concerns related to the disposal of saturated polyester resin waste. |
4.3.3 Competition from alternative materials like epoxy resins and polyurethanes in various end-use industries. |
5 Latvia Saturated Polyester Resin Market Trends |
6 Latvia Saturated Polyester Resin Market Segmentations |
6.1 Latvia Saturated Polyester Resin Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Saturated Polyester Resin Market Revenues & Volume, By Liquid, 2021-2031F |
6.1.3 Latvia Saturated Polyester Resin Market Revenues & Volume, By Solid, 2021-2031F |
6.2 Latvia Saturated Polyester Resin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Saturated Polyester Resin Market Revenues & Volume, By Powder Coatings, 2021-2031F |
6.2.3 Latvia Saturated Polyester Resin Market Revenues & Volume, By Industrial Paints, 2021-2031F |
6.2.4 Latvia Saturated Polyester Resin Market Revenues & Volume, By Coil & Can Coatings, 2021-2031F |
6.2.5 Latvia Saturated Polyester Resin Market Revenues & Volume, By Automotive Paints, 2021-2031F |
6.2.6 Latvia Saturated Polyester Resin Market Revenues & Volume, By Flexible Packaging, 2021-2031F |
6.2.7 Latvia Saturated Polyester Resin Market Revenues & Volume, By 2k PU Coatings, 2021-2031F |
7 Latvia Saturated Polyester Resin Market Import-Export Trade Statistics |
7.1 Latvia Saturated Polyester Resin Market Export to Major Countries |
7.2 Latvia Saturated Polyester Resin Market Imports from Major Countries |
8 Latvia Saturated Polyester Resin Market Key Performance Indicators |
8.1 Research and development investment in innovative saturated polyester resin formulations. |
8.2 Adoption rate of saturated polyester resin in new application areas. |
8.3 Rate of adoption of sustainable practices in the production and disposal of saturated polyester resin waste. |
9 Latvia Saturated Polyester Resin Market - Opportunity Assessment |
9.1 Latvia Saturated Polyester Resin Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Saturated Polyester Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Saturated Polyester Resin Market - Competitive Landscape |
10.1 Latvia Saturated Polyester Resin Market Revenue Share, By Companies, 2024 |
10.2 Latvia Saturated Polyester Resin 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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