| Product Code: ETC4638562 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s thermoplastic elastomers import market in 2024 continued to be dominated by top exporters such as Poland, Belgium, Germany, Estonia, and the UK. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market landscape. Despite a strong compound annual growth rate (CAGR) of 17.95% from 2020 to 2024, the sharp decline in growth rate from 2023 to 2024 by -31.24% raises concerns about potential market challenges or shifts in demand dynamics. Stakeholders should closely monitor these trends to make informed strategic decisions in the evolving import market.

Latvia's Thermoplastic Elastomers market is anticipated to experience a stable growth rate of 0.43% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

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 Thermoplastic Elastomers Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Thermoplastic Elastomers Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Thermoplastic Elastomers Market - Industry Life Cycle |
3.4 Latvia Thermoplastic Elastomers Market - Porter's Five Forces |
3.5 Latvia Thermoplastic Elastomers Market Revenues & Volume Share, By Products, 2021 & 2031F |
3.6 Latvia Thermoplastic Elastomers Market Revenues & Volume Share, By End users, 2021 & 2031F |
4 Latvia Thermoplastic Elastomers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-performance materials in various end-use industries |
4.2.2 Growing awareness about the benefits of thermoplastic elastomers over traditional materials |
4.2.3 Rising focus on sustainability and recyclability of materials |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Intense competition from other types of elastomers and materials |
4.3.3 Regulatory challenges related to environmental impact and safety concerns |
5 Latvia Thermoplastic Elastomers Market Trends |
6 Latvia Thermoplastic Elastomers Market Segmentations |
6.1 Latvia Thermoplastic Elastomers Market, By Products |
6.1.1 Overview and Analysis |
6.1.2 Latvia Thermoplastic Elastomers Market Revenues & Volume, By Thermoplastic Polyurethane, 2021-2031F |
6.1.3 Latvia Thermoplastic Elastomers Market Revenues & Volume, By Thermoplastic Vulcanizates, 2021-2031F |
6.1.4 Latvia Thermoplastic Elastomers Market Revenues & Volume, By Thermoplastic Polyolefins, 2021-2031F |
6.1.5 Latvia Thermoplastic Elastomers Market Revenues & Volume, By Copolymer Esters, 2021-2031F |
6.1.6 Latvia Thermoplastic Elastomers Market Revenues & Volume, By Styrene Block Copolymer, 2021-2031F |
6.1.7 Latvia Thermoplastic Elastomers Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Thermoplastic Elastomers Market, By End users |
6.2.1 Overview and Analysis |
6.2.2 Latvia Thermoplastic Elastomers Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.3 Latvia Thermoplastic Elastomers Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.4 Latvia Thermoplastic Elastomers Market Revenues & Volume, By Appliances & Whitegoods, 2021-2031F |
6.2.5 Latvia Thermoplastic Elastomers Market Revenues & Volume, By Footwear, 2021-2031F |
6.2.6 Latvia Thermoplastic Elastomers Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Thermoplastic Elastomers Market Import-Export Trade Statistics |
7.1 Latvia Thermoplastic Elastomers Market Export to Major Countries |
7.2 Latvia Thermoplastic Elastomers Market Imports from Major Countries |
8 Latvia Thermoplastic Elastomers Market Key Performance Indicators |
8.1 Adoption rate of thermoplastic elastomers in key industries (e.g., automotive, consumer goods) |
8.2 RD investment in developing innovative TPE products and technologies |
8.3 Percentage of market share held by thermoplastic elastomers compared to other materials in Latvia |
9 Latvia Thermoplastic Elastomers Market - Opportunity Assessment |
9.1 Latvia Thermoplastic Elastomers Market Opportunity Assessment, By Products, 2021 & 2031F |
9.2 Latvia Thermoplastic Elastomers Market Opportunity Assessment, By End users, 2021 & 2031F |
10 Latvia Thermoplastic Elastomers Market - Competitive Landscape |
10.1 Latvia Thermoplastic Elastomers Market Revenue Share, By Companies, 2024 |
10.2 Latvia Thermoplastic Elastomers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |