| Product Code: ETC7910040 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import shipments of elastic bonding adhesive in 2024 were primarily sourced from key European countries such as Germany, Estonia, Finland, Sweden, and Lithuania. Despite a low Herfindahl-Hirschman Index (HHI) indicating low market concentration, the industry experienced a negative Compound Annual Growth Rate (CAGR) of -4.86% from 2020 to 2024. Furthermore, the growth rate in 2024 saw a significant decline of -14.13%, reflecting challenges faced by the industry within that year. This data suggests a need for market players to adapt to changing dynamics and seek opportunities for growth and innovation.

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 Elastic Bonding Adhesive Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Elastic Bonding Adhesive Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Elastic Bonding Adhesive Market - Industry Life Cycle |
3.4 Latvia Elastic Bonding Adhesive Market - Porter's Five Forces |
3.5 Latvia Elastic Bonding Adhesive Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Elastic Bonding Adhesive Market Revenues & Volume Share, By End- User Industry, 2021 & 2031F |
4 Latvia Elastic Bonding Adhesive Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Elastic Bonding Adhesive Market Trends |
6 Latvia Elastic Bonding Adhesive Market, By Types |
6.1 Latvia Elastic Bonding Adhesive Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Elastic Bonding Adhesive Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Elastic Bonding Adhesive Market Revenues & Volume, By Silyl and Silane Modified Polymers, 2021- 2031F |
6.1.4 Latvia Elastic Bonding Adhesive Market Revenues & Volume, By Polyutrethane, 2021- 2031F |
6.1.5 Latvia Elastic Bonding Adhesive Market Revenues & Volume, By Silicone, 2021- 2031F |
6.1.6 Latvia Elastic Bonding Adhesive Market Revenues & Volume, By Other Products, 2021- 2031F |
6.2 Latvia Elastic Bonding Adhesive Market, By End- User Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Elastic Bonding Adhesive Market Revenues & Volume, By Automotive and Transportation, 2021- 2031F |
6.2.3 Latvia Elastic Bonding Adhesive Market Revenues & Volume, By Building and Construction, 2021- 2031F |
6.2.4 Latvia Elastic Bonding Adhesive Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.5 Latvia Elastic Bonding Adhesive Market Revenues & Volume, By Other End-user Industries, 2021- 2031F |
7 Latvia Elastic Bonding Adhesive Market Import-Export Trade Statistics |
7.1 Latvia Elastic Bonding Adhesive Market Export to Major Countries |
7.2 Latvia Elastic Bonding Adhesive Market Imports from Major Countries |
8 Latvia Elastic Bonding Adhesive Market Key Performance Indicators |
9 Latvia Elastic Bonding Adhesive Market - Opportunity Assessment |
9.1 Latvia Elastic Bonding Adhesive Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Elastic Bonding Adhesive Market Opportunity Assessment, By End- User Industry, 2021 & 2031F |
10 Latvia Elastic Bonding Adhesive Market - Competitive Landscape |
10.1 Latvia Elastic Bonding Adhesive Market Revenue Share, By Companies, 2024 |
10.2 Latvia Elastic Bonding 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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