| Product Code: ETC5045675 | 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 polymer adhesives import market in 2024 saw consistent growth with a low Herfindahl-Hirschman Index (HHI) indicating a competitive landscape. Key exporting countries such as Lithuania, Estonia, Germany, Metropolitan France, and Netherlands contributed significantly to the market. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 remained positive at 0.64%. This indicates a stable market with diverse sources of imports, providing opportunities for continued expansion and innovation in the polymer adhesives industry in Latvia.

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 Polymer Adhesives Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Polymer Adhesives Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Polymer Adhesives Market - Industry Life Cycle |
3.4 Latvia Polymer Adhesives Market - Porter's Five Forces |
3.5 Latvia Polymer Adhesives Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Polymer Adhesives Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Polymer Adhesives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for lightweight and high-performance adhesives in industries like automotive, construction, and packaging. |
4.2.2 Increasing adoption of eco-friendly and sustainable adhesive solutions. |
4.2.3 Technological advancements in polymer adhesives leading to improved performance and durability. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of polymer adhesives. |
4.3.2 Stringent regulations related to volatile organic compounds (VOCs) emissions affecting the formulation and use of polymer adhesives. |
4.3.3 Intense competition in the market leading to pricing pressures and margin challenges. |
5 Latvia Polymer Adhesives Market Trends |
6 Latvia Polymer Adhesives Market Segmentations |
6.1 Latvia Polymer Adhesives Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Polymer Adhesives Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.1.3 Latvia Polymer Adhesives Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.4 Latvia Polymer Adhesives Market Revenues & Volume, By Acrylic, 2021-2031F |
6.1.5 Latvia Polymer Adhesives Market Revenues & Volume, By Polyether, 2021-2031F |
6.1.6 Latvia Polymer Adhesives Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Polymer Adhesives Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Polymer Adhesives Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.3 Latvia Polymer Adhesives Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Latvia Polymer Adhesives Market Revenues & Volume, By Electronics, 2021-2031F |
6.2.5 Latvia Polymer Adhesives Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.6 Latvia Polymer Adhesives Market Revenues & Volume, By Footwear, 2021-2031F |
6.2.7 Latvia Polymer Adhesives Market Revenues & Volume, By Furniture, 2021-2031F |
7 Latvia Polymer Adhesives Market Import-Export Trade Statistics |
7.1 Latvia Polymer Adhesives Market Export to Major Countries |
7.2 Latvia Polymer Adhesives Market Imports from Major Countries |
8 Latvia Polymer Adhesives Market Key Performance Indicators |
8.1 Research and development investment in innovative adhesive technologies. |
8.2 Number of patents filed for new polymer adhesive formulations. |
8.3 Adoption rate of green certifications and eco-labels for polymer adhesives. |
8.4 Customer satisfaction and loyalty metrics for polymer adhesive products. |
8.5 Rate of adoption of automation and digitalization in manufacturing processes for polymer adhesives. |
9 Latvia Polymer Adhesives Market - Opportunity Assessment |
9.1 Latvia Polymer Adhesives Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Polymer Adhesives Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Polymer Adhesives Market - Competitive Landscape |
10.1 Latvia Polymer Adhesives Market Revenue Share, By Companies, 2024 |
10.2 Latvia Polymer Adhesives 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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