| Product Code: ETC7923153 | 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 import thermal insulation coatings mainly from Italy, Lithuania, Germany, Poland, and Bulgaria. The high Herfindahl-Hirschman Index (HHI) suggests a concentrated market with dominant suppliers. The compound annual growth rate (CAGR) from 2020 to 2024 was at -20.48%, indicating a decline in market size. Moreover, the growth rate plummeted by -89.79% from 2023 to 2024, highlighting potential challenges in the industry. Stakeholders should closely monitor market dynamics and adapt strategies to navigate the evolving landscape in the thermal insulation coating sector in Latvia.

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 Thermal Insulation Coating Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Thermal Insulation Coating Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Thermal Insulation Coating Market - Industry Life Cycle |
3.4 Latvia Thermal Insulation Coating Market - Porter's Five Forces |
3.5 Latvia Thermal Insulation Coating Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Thermal Insulation Coating Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Thermal Insulation Coating Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient buildings in Latvia |
4.2.2 Implementation of government regulations promoting energy conservation |
4.2.3 Growing awareness about the benefits of thermal insulation coatings |
4.3 Market Restraints |
4.3.1 High initial costs associated with thermal insulation coatings |
4.3.2 Limited availability of skilled labor for installation and maintenance |
4.3.3 Fluctuating raw material prices affecting production costs |
5 Latvia Thermal Insulation Coating Market Trends |
6 Latvia Thermal Insulation Coating Market, By Types |
6.1 Latvia Thermal Insulation Coating Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Thermal Insulation Coating Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Thermal Insulation Coating Market Revenues & Volume, By Acrylic, 2021- 2031F |
6.1.4 Latvia Thermal Insulation Coating Market Revenues & Volume, By Epoxy, 2021- 2031F |
6.1.5 Latvia Thermal Insulation Coating Market Revenues & Volume, By Polyurethane, 2021- 2031F |
6.1.6 Latvia Thermal Insulation Coating Market Revenues & Volume, By Yttria Stabilized Zirconia (YSZ), 2021- 2031F |
6.1.7 Latvia Thermal Insulation Coating Market Revenues & Volume, By Mullite, 2021- 2031F |
6.2 Latvia Thermal Insulation Coating Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Thermal Insulation Coating Market Revenues & Volume, By Building & Construction, 2021- 2031F |
6.2.3 Latvia Thermal Insulation Coating Market Revenues & Volume, By Automotive & Transportation, 2021- 2031F |
6.2.4 Latvia Thermal Insulation Coating Market Revenues & Volume, By Aerospace & Defense, 2021- 2031F |
6.2.5 Latvia Thermal Insulation Coating Market Revenues & Volume, By Manufacturing, 2021- 2031F |
6.2.6 Latvia Thermal Insulation Coating Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Thermal Insulation Coating Market Import-Export Trade Statistics |
7.1 Latvia Thermal Insulation Coating Market Export to Major Countries |
7.2 Latvia Thermal Insulation Coating Market Imports from Major Countries |
8 Latvia Thermal Insulation Coating Market Key Performance Indicators |
8.1 Energy savings achieved through the use of thermal insulation coatings |
8.2 Number of new construction projects incorporating thermal insulation coatings |
8.3 Growth in the adoption of eco-friendly and sustainable insulation solutions |
9 Latvia Thermal Insulation Coating Market - Opportunity Assessment |
9.1 Latvia Thermal Insulation Coating Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Thermal Insulation Coating Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Thermal Insulation Coating Market - Competitive Landscape |
10.1 Latvia Thermal Insulation Coating Market Revenue Share, By Companies, 2024 |
10.2 Latvia Thermal Insulation Coating Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |