| Product Code: ETC7922849 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia`s synthetic rubber manufacturing industry continued to heavily rely on imports, with the top exporting countries being Poland, Belgium, Germany, Estonia, and the UK. The market concentration, as measured by the HHI, remained very high, indicating limited competition. Despite a strong compound annual growth rate (CAGR) of 17.95% from 2020 to 2024, the industry experienced a significant decline in growth rate from 2023 to 2024 at -31.24%. This fluctuation may suggest potential challenges or shifts in market dynamics that could impact the future of Latvia`s synthetic rubber manufacturing sector.

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 Synthetic Rubber Manufacturing Plant Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Synthetic Rubber Manufacturing Plant Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Synthetic Rubber Manufacturing Plant Market - Industry Life Cycle |
3.4 Latvia Synthetic Rubber Manufacturing Plant Market - Porter's Five Forces |
3.5 Latvia Synthetic Rubber Manufacturing Plant Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Synthetic Rubber Manufacturing Plant Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Synthetic Rubber Manufacturing Plant Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for synthetic rubber in various industries such as automotive, construction, and healthcare. |
4.2.2 Growth in the automotive sector leading to higher demand for tires and other rubber components. |
4.2.3 Favorable government policies promoting industrial growth and investment in Latvia. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of synthetic rubber. |
4.3.2 Competition from other countries with established synthetic rubber manufacturing plants. |
4.3.3 Environmental regulations and sustainability concerns affecting production processes. |
5 Latvia Synthetic Rubber Manufacturing Plant Market Trends |
6 Latvia Synthetic Rubber Manufacturing Plant Market, By Types |
6.1 Latvia Synthetic Rubber Manufacturing Plant Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Synthetic Rubber Manufacturing Plant Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Synthetic Rubber Manufacturing Plant Market Revenues & Volume, By Styrene Butadiene Rubber (SBR), 2021- 2031F |
6.1.4 Latvia Synthetic Rubber Manufacturing Plant Market Revenues & Volume, By Polybutadiene Rubber (BR), 2021- 2031F |
6.1.5 Latvia Synthetic Rubber Manufacturing Plant Market Revenues & Volume, By Styrenic Block Copolymer (SBC), 2021- 2031F |
6.1.6 Latvia Synthetic Rubber Manufacturing Plant Market Revenues & Volume, By Ethylene Propylene Diene Monomer (EPDM), 2021- 2031F |
6.1.7 Latvia Synthetic Rubber Manufacturing Plant Market Revenues & Volume, By Butyl Rubber (IIR), 2021- 2031F |
6.1.8 Latvia Synthetic Rubber Manufacturing Plant Market Revenues & Volume, By Nitrile Butadiene Rubber (NBR), 2021- 2031F |
6.2 Latvia Synthetic Rubber Manufacturing Plant Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Synthetic Rubber Manufacturing Plant Market Revenues & Volume, By Tire, 2021- 2031F |
6.2.3 Latvia Synthetic Rubber Manufacturing Plant Market Revenues & Volume, By Non-Tire Automotive, 2021- 2031F |
6.2.4 Latvia Synthetic Rubber Manufacturing Plant Market Revenues & Volume, By Footwear, 2021- 2031F |
6.2.5 Latvia Synthetic Rubber Manufacturing Plant Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Latvia Synthetic Rubber Manufacturing Plant Market Import-Export Trade Statistics |
7.1 Latvia Synthetic Rubber Manufacturing Plant Market Export to Major Countries |
7.2 Latvia Synthetic Rubber Manufacturing Plant Market Imports from Major Countries |
8 Latvia Synthetic Rubber Manufacturing Plant Market Key Performance Indicators |
8.1 Energy efficiency improvements in the manufacturing process. |
8.2 Percentage of recycled materials used in synthetic rubber production. |
8.3 Number of research and development projects focused on enhancing product quality and innovation. |
8.4 Employee training hours dedicated to improving operational efficiency and safety standards. |
9 Latvia Synthetic Rubber Manufacturing Plant Market - Opportunity Assessment |
9.1 Latvia Synthetic Rubber Manufacturing Plant Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Synthetic Rubber Manufacturing Plant Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Synthetic Rubber Manufacturing Plant Market - Competitive Landscape |
10.1 Latvia Synthetic Rubber Manufacturing Plant Market Revenue Share, By Companies, 2024 |
10.2 Latvia Synthetic Rubber Manufacturing Plant Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |