| Product Code: ETC7908426 | 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 contact adhesive in 2024 continued to be dominated by top suppliers such as Germany, Estonia, Finland, Sweden, and Lithuania. The market showed low concentration with a Herfindahl-Hirschman Index (HHI) remaining stable. However, the industry faced a negative compound annual growth rate (CAGR) of -4.86% from 2020 to 2024, with a significant decline in growth rate of -14.13% from 2023 to 2024. This indicates a challenging environment for the contact adhesive market in Latvia, highlighting the need for strategic adjustments and market analysis.

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 Contact Adhesive Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Contact Adhesive Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Contact Adhesive Market - Industry Life Cycle |
3.4 Latvia Contact Adhesive Market - Porter's Five Forces |
3.5 Latvia Contact Adhesive Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Contact Adhesive Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Latvia Contact Adhesive Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Contact Adhesive Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for eco-friendly and sustainable adhesive solutions |
4.2.2 Increasing adoption in the construction and automotive industries |
4.2.3 Technological advancements leading to improved product performance and efficiency |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from substitute products |
4.3.3 Regulatory challenges related to environmental and safety standards |
5 Latvia Contact Adhesive Market Trends |
6 Latvia Contact Adhesive Market, By Types |
6.1 Latvia Contact Adhesive Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Contact Adhesive Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Contact Adhesive Market Revenues & Volume, By Neoprene, 2021- 2031F |
6.1.4 Latvia Contact Adhesive Market Revenues & Volume, By Polyurethane, 2021- 2031F |
6.1.5 Latvia Contact Adhesive Market Revenues & Volume, By Acrylic, 2021- 2031F |
6.1.6 Latvia Contact Adhesive Market Revenues & Volume, By Styrene Butadiene Copolymer, 2021- 2031F |
6.1.7 Latvia Contact Adhesive Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Contact Adhesive Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Latvia Contact Adhesive Market Revenues & Volume, By Solvent Based, 2021- 2031F |
6.2.3 Latvia Contact Adhesive Market Revenues & Volume, By Water Based, 2021- 2031F |
6.3 Latvia Contact Adhesive Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Contact Adhesive Market Revenues & Volume, By Woodworking, 2021- 2031F |
6.3.3 Latvia Contact Adhesive Market Revenues & Volume, By Automotive, 2021- 2031F |
6.3.4 Latvia Contact Adhesive Market Revenues & Volume, By Leather and Footwear, 2021- 2031F |
6.3.5 Latvia Contact Adhesive Market Revenues & Volume, By Construction, 2021- 2031F |
7 Latvia Contact Adhesive Market Import-Export Trade Statistics |
7.1 Latvia Contact Adhesive Market Export to Major Countries |
7.2 Latvia Contact Adhesive Market Imports from Major Countries |
8 Latvia Contact Adhesive Market Key Performance Indicators |
8.1 Customer satisfaction score for contact adhesive products |
8.2 Rate of new product development and innovation in the market |
8.3 Adoption rate of contact adhesives in emerging applications such as electronics and medical devices |
9 Latvia Contact Adhesive Market - Opportunity Assessment |
9.1 Latvia Contact Adhesive Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Contact Adhesive Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Latvia Contact Adhesive Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Contact Adhesive Market - Competitive Landscape |
10.1 Latvia Contact Adhesive Market Revenue Share, By Companies, 2024 |
10.2 Latvia Contact Adhesive 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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