| Product Code: ETC7904226 | 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 alkyd resin import market saw steady growth in 2024, with top exporters including Poland, Finland, and Sweden. The market concentration decreased from moderate to low, indicating a more diversified import landscape. With a healthy Compound Annual Growth Rate (CAGR) of 5.97% from 2020 to 2024 and a growth rate of 2.07% in 2024, the outlook for alkyd resin imports in Latvia appears positive. Continued partnerships with key exporting countries and sustained growth rates suggest a promising future for the industry in the country.

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 Alkyd Resin Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Alkyd Resin Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Alkyd Resin Market - Industry Life Cycle |
3.4 Latvia Alkyd Resin Market - Porter's Five Forces |
3.5 Latvia Alkyd Resin Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Latvia Alkyd Resin Market Revenues & Volume Share, By Process Type, 2021 & 2031F |
3.7 Latvia Alkyd Resin Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.8 Latvia Alkyd Resin Market Revenues & Volume Share, By Formulation Type, 2021 & 2031F |
3.9 Latvia Alkyd Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Alkyd Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction industry in Latvia leading to increased demand for alkyd resins in paints and coatings. |
4.2.2 Rise in automotive production in the region driving the demand for alkyd resins used in automotive coatings. |
4.2.3 Increasing investments in infrastructure projects boosting the consumption of alkyd resins in protective coatings. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of alkyd resins. |
4.3.2 Stringent environmental regulations leading to the need for eco-friendly alternatives to traditional alkyd resins. |
5 Latvia Alkyd Resin Market Trends |
6 Latvia Alkyd Resin Market, By Types |
6.1 Latvia Alkyd Resin Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Alkyd Resin Market Revenues & Volume, By Resin Type, 2021- 2031F |
6.1.3 Latvia Alkyd Resin Market Revenues & Volume, By Non-drying alkyd resin, 2021- 2031F |
6.1.4 Latvia Alkyd Resin Market Revenues & Volume, By Drying alkyd resin, 2021- 2031F |
6.1.5 Latvia Alkyd Resin Market Revenues & Volume, By Semi-drying alkyd resin, 2021- 2031F |
6.2 Latvia Alkyd Resin Market, By Process Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Alkyd Resin Market Revenues & Volume, By Fatty Acid Process, 2021- 2031F |
6.2.3 Latvia Alkyd Resin Market Revenues & Volume, By Glyceride Process, 2021- 2031F |
6.3 Latvia Alkyd Resin Market, By Class |
6.3.1 Overview and Analysis |
6.3.2 Latvia Alkyd Resin Market Revenues & Volume, By Long Alkyd Resin, 2021- 2031F |
6.3.3 Latvia Alkyd Resin Market Revenues & Volume, By Medium Alkyd Resin, 2021- 2031F |
6.3.4 Latvia Alkyd Resin Market Revenues & Volume, By Short Alkyd Resin, 2021- 2031F |
6.4 Latvia Alkyd Resin Market, By Formulation Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Alkyd Resin Market Revenues & Volume, By High-Solid Alkyds, 2021- 2031F |
6.4.3 Latvia Alkyd Resin Market Revenues & Volume, By Waterborne Alkyds, 2021- 2031F |
6.4.4 Latvia Alkyd Resin Market Revenues & Volume, By Modifying Alkyds, 2021- 2031F |
6.4.5 Latvia Alkyd Resin Market Revenues & Volume, By Solvent Borne Coatings, 2021- 2031F |
6.4.6 Latvia Alkyd Resin Market Revenues & Volume, By Powder Coatings, 2021- 2031F |
6.4.7 Latvia Alkyd Resin Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Latvia Alkyd Resin Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Latvia Alkyd Resin Market Revenues & Volume, By Building & Construction, 2021- 2031F |
6.5.3 Latvia Alkyd Resin Market Revenues & Volume, By Automotive 0em Coatings, 2021- 2031F |
6.5.4 Latvia Alkyd Resin Market Revenues & Volume, By Electrical Equipment, 2021- 2031F |
6.5.5 Latvia Alkyd Resin Market Revenues & Volume, By Furniture & Decor, 2021- 2031F |
6.5.6 Latvia Alkyd Resin Market Revenues & Volume, By Metal Coatings, 2021- 2031F |
6.5.7 Latvia Alkyd Resin Market Revenues & Volume, By Automotive Refinish Coatings, 2021- 2031F |
6.5.8 Latvia Alkyd Resin Market Revenues & Volume, By Packaging, 2021- 2031F |
6.5.9 Latvia Alkyd Resin Market Revenues & Volume, By Packaging, 2021- 2031F |
7 Latvia Alkyd Resin Market Import-Export Trade Statistics |
7.1 Latvia Alkyd Resin Market Export to Major Countries |
7.2 Latvia Alkyd Resin Market Imports from Major Countries |
8 Latvia Alkyd Resin Market Key Performance Indicators |
8.1 Average selling price of alkyd resins in the market. |
8.2 Number of new construction projects using alkyd resins. |
8.3 Percentage of market share held by eco-friendly alkyd resin products. |
9 Latvia Alkyd Resin Market - Opportunity Assessment |
9.1 Latvia Alkyd Resin Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Latvia Alkyd Resin Market Opportunity Assessment, By Process Type, 2021 & 2031F |
9.3 Latvia Alkyd Resin Market Opportunity Assessment, By Class, 2021 & 2031F |
9.4 Latvia Alkyd Resin Market Opportunity Assessment, By Formulation Type, 2021 & 2031F |
9.5 Latvia Alkyd Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Alkyd Resin Market - Competitive Landscape |
10.1 Latvia Alkyd Resin Market Revenue Share, By Companies, 2024 |
10.2 Latvia Alkyd Resin 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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