| Product Code: ETC7923160 | 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 heavily rely on imports for thermal spray coatings materials, with top exporting countries being Italy, Lithuania, Germany, Poland, and Bulgaria. The market concentration, as measured by the HHI, remained very high, indicating a lack of diversification in import sources. The industry experienced a significant decline with a negative Compound Annual Growth Rate (CAGR) of -20.48% from 2020 to 2024. Furthermore, the growth rate in 2024 plummeted by -89.79%, suggesting a challenging year for the thermal spray coatings materials market 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 Spray Coatings Materials Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Thermal Spray Coatings Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Thermal Spray Coatings Materials Market - Industry Life Cycle |
3.4 Latvia Thermal Spray Coatings Materials Market - Porter's Five Forces |
3.5 Latvia Thermal Spray Coatings Materials Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Thermal Spray Coatings Materials Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Thermal Spray Coatings Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for corrosion and wear-resistant coatings in various industries like aerospace, automotive, and manufacturing. |
4.2.2 Increasing investments in infrastructure development projects in Latvia, driving the demand for thermal spray coatings materials. |
4.2.3 Technological advancements leading to the development of more efficient and cost-effective coating materials. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the overall cost of production for thermal spray coatings materials. |
4.3.2 Stringent environmental regulations and compliance requirements affecting the usage of certain coating materials. |
4.3.3 Competition from alternative coating technologies like electroplating and PVD coatings. |
5 Latvia Thermal Spray Coatings Materials Market Trends |
6 Latvia Thermal Spray Coatings Materials Market, By Types |
6.1 Latvia Thermal Spray Coatings Materials Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Thermal Spray Coatings Materials Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Thermal Spray Coatings Materials Market Revenues & Volume, By Al2O3, 2021- 2031F |
6.1.4 Latvia Thermal Spray Coatings Materials Market Revenues & Volume, By Ceramic YSZ, 2021- 2031F |
6.1.5 Latvia Thermal Spray Coatings Materials Market Revenues & Volume, By MCrAlY, 2021- 2031F |
6.1.6 Latvia Thermal Spray Coatings Materials Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Thermal Spray Coatings Materials Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Thermal Spray Coatings Materials Market Revenues & Volume, By Aerospace, 2021- 2031F |
6.2.3 Latvia Thermal Spray Coatings Materials Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.4 Latvia Thermal Spray Coatings Materials Market Revenues & Volume, By Military, 2021- 2031F |
6.2.5 Latvia Thermal Spray Coatings Materials Market Revenues & Volume, By Power, 2021- 2031F |
6.2.6 Latvia Thermal Spray Coatings Materials Market Revenues & Volume, By Other, 2021- 2031F |
7 Latvia Thermal Spray Coatings Materials Market Import-Export Trade Statistics |
7.1 Latvia Thermal Spray Coatings Materials Market Export to Major Countries |
7.2 Latvia Thermal Spray Coatings Materials Market Imports from Major Countries |
8 Latvia Thermal Spray Coatings Materials Market Key Performance Indicators |
8.1 Research and development investment in new coating materials and technologies. |
8.2 Adoption rate of thermal spray coatings in key industries in Latvia. |
8.3 Number of patents filed for innovative coating solutions. |
9 Latvia Thermal Spray Coatings Materials Market - Opportunity Assessment |
9.1 Latvia Thermal Spray Coatings Materials Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Thermal Spray Coatings Materials Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Thermal Spray Coatings Materials Market - Competitive Landscape |
10.1 Latvia Thermal Spray Coatings Materials Market Revenue Share, By Companies, 2024 |
10.2 Latvia Thermal Spray Coatings Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |