| Product Code: ETC4863199 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s persulfates import market in 2024 continued to be dominated by Lithuania, Germany, Austria, Belgium, and the UK. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the market saw a strong compound annual growth rate (CAGR) of 15.17% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024 at -17.31%, indicating a potential shift or adjustment in the market dynamics during that period.

The Persulfates market in Latvia is projected to grow at a stable growth rate of 0.74% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Persulfates Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Persulfates Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Persulfates Market - Industry Life Cycle |
3.4 Latvia Persulfates Market - Porter's Five Forces |
3.5 Latvia Persulfates Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Persulfates Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Persulfates Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Persulfates Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for persulfates in various industries such as electronics, textiles, and water treatment due to their properties as oxidizing agents. |
4.2.2 Growing focus on environmental regulations and the shift towards eco-friendly products, as persulfates are considered environmentally friendly compared to alternative chemicals. |
4.2.3 Rising investments in research and development to innovate and enhance the applications of persulfates in different industries. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices, such as sodium peroxodisulfate and ammonium peroxodisulfate, which can impact the overall production cost of persulfates. |
4.3.2 Competition from substitute chemicals or products that offer similar functionalities at potentially lower prices, affecting the market share of persulfates. |
4.3.3 Challenges related to handling and storage of persulfates, as they can be hazardous if not managed properly, leading to safety concerns and regulatory compliance issues. |
5 Latvia Persulfates Market Trends |
6 Latvia Persulfates Market Segmentations |
6.1 Latvia Persulfates Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Persulfates Market Revenues & Volume, By Sodium Persulfate, 2021-2031F |
6.1.3 Latvia Persulfates Market Revenues & Volume, By Potassium Persulfate, 2021-2031F |
6.1.4 Latvia Persulfates Market Revenues & Volume, By Ammonium Persulfate, 2021-2031F |
6.2 Latvia Persulfates Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Persulfates Market Revenues & Volume, By Polymer Initiator, 2021-2031F |
6.2.3 Latvia Persulfates Market Revenues & Volume, By Enhanced Oil Recovery, 2021-2031F |
6.2.4 Latvia Persulfates Market Revenues & Volume, By Oxidation, Bleaching, and Sizing Agent, 2021-2031F |
6.2.5 Latvia Persulfates Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Persulfates Market, By End-user Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Persulfates Market Revenues & Volume, By Polymer, 2021-2031F |
6.3.3 Latvia Persulfates Market Revenues & Volume, By Pulp, Paper, and Textile, 2021-2031F |
6.3.4 Latvia Persulfates Market Revenues & Volume, By Electronics, 2021-2031F |
6.3.5 Latvia Persulfates Market Revenues & Volume, By Cosmetics and Personal Care, 2021-2031F |
6.3.6 Latvia Persulfates Market Revenues & Volume, By Oil and Gas, 2021-2031F |
6.3.7 Latvia Persulfates Market Revenues & Volume, By Water Treatment, 2021-2031F |
6.3.8 Latvia Persulfates Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Latvia Persulfates Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Persulfates Market Import-Export Trade Statistics |
7.1 Latvia Persulfates Market Export to Major Countries |
7.2 Latvia Persulfates Market Imports from Major Countries |
8 Latvia Persulfates Market Key Performance Indicators |
8.1 Research and development investment in new persulfate applications. |
8.2 Adoption rate of persulfates in emerging industries or applications. |
8.3 Number of regulatory approvals for persulfate-based products in different sectors. |
8.4 Environmental impact assessments and certifications for persulfate production processes. |
9 Latvia Persulfates Market - Opportunity Assessment |
9.1 Latvia Persulfates Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Persulfates Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Persulfates Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Persulfates Market - Competitive Landscape |
10.1 Latvia Persulfates Market Revenue Share, By Companies, 2024 |
10.2 Latvia Persulfates 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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