| Product Code: ETC7914794 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to see significant imports of MDI-based PU technical insulation, with top exporting countries being Lithuania, Sweden, Estonia, Poland, and Germany. The market concentration, as indicated by the HHI, remained high in 2024. Despite a healthy CAGR of 4.04% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024 at -34.74%. These trends suggest a competitive market landscape with fluctuations in demand, highlighting the need for market players to adapt to changing conditions and maintain a strong competitive position.

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 MDI-based PU Technical Insulation Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia MDI-based PU Technical Insulation Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia MDI-based PU Technical Insulation Market - Industry Life Cycle |
3.4 Latvia MDI-based PU Technical Insulation Market - Porter's Five Forces |
3.5 Latvia MDI-based PU Technical Insulation Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia MDI-based PU Technical Insulation Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia MDI-based PU Technical Insulation Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia MDI-based PU Technical Insulation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient buildings and regulations promoting the use of insulation materials. |
4.2.2 Growth in the construction industry in Latvia, leading to higher demand for technical insulation products. |
4.2.3 Advancements in material technology leading to improved performance and durability of MDI-based PU insulation products. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the production cost of MDI-based PU insulation. |
4.3.2 Lack of awareness among consumers and builders about the benefits of using MDI-based PU technical insulation. |
4.3.3 Regulatory challenges and compliance requirements affecting the market entry and expansion of insulation products. |
5 Latvia MDI-based PU Technical Insulation Market Trends |
6 Latvia MDI-based PU Technical Insulation Market, By Types |
6.1 Latvia MDI-based PU Technical Insulation Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia MDI-based PU Technical Insulation Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia MDI-based PU Technical Insulation Market Revenues & Volume, By Discontinuous Panels, 2021- 2031F |
6.1.4 Latvia MDI-based PU Technical Insulation Market Revenues & Volume, By Display Cases, 2021- 2031F |
6.1.5 Latvia MDI-based PU Technical Insulation Market Revenues & Volume, By Furniture Rigid Foam, 2021- 2031F |
6.1.6 Latvia MDI-based PU Technical Insulation Market Revenues & Volume, By Pipe, 2021- 2031F |
6.1.7 Latvia MDI-based PU Technical Insulation Market Revenues & Volume, By Water Heater/Cooler, 2021- 2031F |
6.2 Latvia MDI-based PU Technical Insulation Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia MDI-based PU Technical Insulation Market Revenues & Volume, By Heating & Plumbing, 2021- 2031F |
6.2.3 Latvia MDI-based PU Technical Insulation Market Revenues & Volume, By HVAC, 2021- 2031F |
6.2.4 Latvia MDI-based PU Technical Insulation Market Revenues & Volume, By Acoustic, 2021- 2031F |
6.2.5 Latvia MDI-based PU Technical Insulation Market Revenues & Volume, By Refrigeration, 2021- 2031F |
6.3 Latvia MDI-based PU Technical Insulation Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Latvia MDI-based PU Technical Insulation Market Revenues & Volume, By Industrial & OEM, 2021- 2031F |
6.3.3 Latvia MDI-based PU Technical Insulation Market Revenues & Volume, By Energy, 2021- 2031F |
6.3.4 Latvia MDI-based PU Technical Insulation Market Revenues & Volume, By Commercial Buildings, 2021- 2031F |
7 Latvia MDI-based PU Technical Insulation Market Import-Export Trade Statistics |
7.1 Latvia MDI-based PU Technical Insulation Market Export to Major Countries |
7.2 Latvia MDI-based PU Technical Insulation Market Imports from Major Countries |
8 Latvia MDI-based PU Technical Insulation Market Key Performance Indicators |
8.1 Energy savings achieved by buildings using MDI-based PU technical insulation. |
8.2 Number of new construction projects opting for MDI-based PU insulation solutions. |
8.3 Adoption rate of MDI-based PU technical insulation in key industries such as residential, commercial, and industrial sectors. |
9 Latvia MDI-based PU Technical Insulation Market - Opportunity Assessment |
9.1 Latvia MDI-based PU Technical Insulation Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia MDI-based PU Technical Insulation Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia MDI-based PU Technical Insulation Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia MDI-based PU Technical Insulation Market - Competitive Landscape |
10.1 Latvia MDI-based PU Technical Insulation Market Revenue Share, By Companies, 2024 |
10.2 Latvia MDI-based PU Technical Insulation 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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