| Product Code: ETC7903642 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import shipments of acrylic adhesives in 2024 saw consistent growth with a modest CAGR of 0.64% from 2020 to 2024. However, there was a slight decline in the growth rate from 2023 to 2024 at -8.04%. The top exporting countries to Latvia in 2024 were Lithuania, Estonia, Germany, Metropolitan France, and the Netherlands, indicating a diverse source of imports. With the Herfindahl-Hirschman Index (HHI) showing low concentration, the market remains competitive and open to various suppliers, presenting opportunities for further expansion and collaboration in the acrylic adhesives 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 Acrylic Adhesives Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Acrylic Adhesives Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Acrylic Adhesives Market - Industry Life Cycle |
3.4 Latvia Acrylic Adhesives Market - Porter's Five Forces |
3.5 Latvia Acrylic Adhesives Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
3.6 Latvia Acrylic Adhesives Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Latvia Acrylic Adhesives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for environmentally friendly and sustainable adhesive solutions |
4.2.2 Growth in construction and automotive industries driving the need for acrylic adhesives |
4.2.3 Technological advancements leading to the development of high-performance acrylic adhesive products |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Competition from alternative adhesive products such as epoxy and polyurethane adhesives |
5 Latvia Acrylic Adhesives Market Trends |
6 Latvia Acrylic Adhesives Market, By Types |
6.1 Latvia Acrylic Adhesives Market, By End Use Industry |
6.1.1 Overview and Analysis |
6.1.2 Latvia Acrylic Adhesives Market Revenues & Volume, By End Use Industry, 2021- 2031F |
6.1.3 Latvia Acrylic Adhesives Market Revenues & Volume, By Aerospace, 2021- 2031F |
6.1.4 Latvia Acrylic Adhesives Market Revenues & Volume, By Automotive, 2021- 2031F |
6.1.5 Latvia Acrylic Adhesives Market Revenues & Volume, By Building and Construction, 2021- 2031F |
6.1.6 Latvia Acrylic Adhesives Market Revenues & Volume, By Footwear and Leather, 2021- 2031F |
6.1.7 Latvia Acrylic Adhesives Market Revenues & Volume, By Healthcare, 2021- 2031F |
6.2 Latvia Acrylic Adhesives Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Latvia Acrylic Adhesives Market Revenues & Volume, By Reactive, 2021- 2031F |
6.2.3 Latvia Acrylic Adhesives Market Revenues & Volume, By Solvent-borne, 2021- 2031F |
6.2.4 Latvia Acrylic Adhesives Market Revenues & Volume, By UV Cured Adhesives, 2021- 2031F |
6.2.5 Latvia Acrylic Adhesives Market Revenues & Volume, By Water-borne, 2021- 2031F |
7 Latvia Acrylic Adhesives Market Import-Export Trade Statistics |
7.1 Latvia Acrylic Adhesives Market Export to Major Countries |
7.2 Latvia Acrylic Adhesives Market Imports from Major Countries |
8 Latvia Acrylic Adhesives Market Key Performance Indicators |
8.1 Number of new environmentally friendly adhesive products introduced to the market |
8.2 Adoption rate of acrylic adhesives in key industries like construction and automotive |
8.3 Research and development investment in improving acrylic adhesive technology |
9 Latvia Acrylic Adhesives Market - Opportunity Assessment |
9.1 Latvia Acrylic Adhesives Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
9.2 Latvia Acrylic Adhesives Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Latvia Acrylic Adhesives Market - Competitive Landscape |
10.1 Latvia Acrylic Adhesives Market Revenue Share, By Companies, 2024 |
10.2 Latvia Acrylic Adhesives 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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