| Product Code: ETC5251958 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Latvia`s butyl rubber import market in 2024 saw significant growth, with top exporting countries including Belgium, Russia, Finland, China, and the USA. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 30.99% from 2020 to 2024 demonstrates a thriving industry. The remarkable growth rate of 40.92% from 2023 to 2024 suggests a robust demand for butyl rubber in Latvia, highlighting the country`s strong reliance on imports for this essential material.
In the Europe region, the Butyl Rubber market in Latvia is projected to expand at a stable growth rate of 3.08% by 2027. The largest economy is 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 Butyl Rubber Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Butyl Rubber Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Butyl Rubber Market - Industry Life Cycle |
3.4 Latvia Butyl Rubber Market - Porter's Five Forces |
3.5 Latvia Butyl Rubber Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Butyl Rubber Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Butyl Rubber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for butyl rubber in the automotive industry for manufacturing tires. |
4.2.2 Growth in the construction sector leading to higher demand for butyl rubber-based sealants and adhesives. |
4.2.3 Technological advancements in butyl rubber production processes improving efficiency and quality. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in butyl rubber production impacting profit margins. |
4.3.2 Environmental regulations and sustainability concerns affecting the production and usage of butyl rubber. |
5 Latvia Butyl Rubber Market Trends |
6 Latvia Butyl Rubber Market Segmentations |
6.1 Latvia Butyl Rubber Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Butyl Rubber Market Revenues & Volume, By Regular Butyl Rubber, 2021-2031F |
6.1.3 Latvia Butyl Rubber Market Revenues & Volume, By Halo Butyl Rubber, 2021-2031F |
6.1.4 Latvia Butyl Rubber Market Revenues & Volume, By Bromo-Butyl Rubber, 2021-2031F |
6.1.5 Latvia Butyl Rubber Market Revenues & Volume, By Chloro-Butyl Rubber, 2021-2031F |
6.2 Latvia Butyl Rubber Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Butyl Rubber Market Revenues & Volume, By Tires & Tubes, 2021-2031F |
6.2.3 Latvia Butyl Rubber Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.4 Latvia Butyl Rubber Market Revenues & Volume, By Adhesives & Sealants, 2021-2031F |
6.2.5 Latvia Butyl Rubber Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.6 Latvia Butyl Rubber Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Butyl Rubber Market Import-Export Trade Statistics |
7.1 Latvia Butyl Rubber Market Export to Major Countries |
7.2 Latvia Butyl Rubber Market Imports from Major Countries |
8 Latvia Butyl Rubber Market Key Performance Indicators |
8.1 Percentage increase in the adoption of butyl rubber in the automotive sector. |
8.2 Research and development investment in new applications for butyl rubber. |
8.3 Improvement in production efficiency and reduction in waste generation in butyl rubber manufacturing processes. |
9 Latvia Butyl Rubber Market - Opportunity Assessment |
9.1 Latvia Butyl Rubber Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Butyl Rubber Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Butyl Rubber Market - Competitive Landscape |
10.1 Latvia Butyl Rubber Market Revenue Share, By Companies, 2024 |
10.2 Latvia Butyl Rubber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |