| Product Code: ETC7921987 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite the negative growth trend with a CAGR of -4.86% from 2020-2024 and a sharp decline of -14.13% in 2024, Latvia`s import shipments of solvent-borne adhesives continued to be sourced mainly from Germany, Estonia, Finland, Sweden, and Lithuania. The market remained relatively unconcentrated with a low Herfindahl-Hirschman Index (HHI) in 2024, indicating a diverse range of suppliers. This suggests that while the overall growth has been challenging, there is a stable and varied supply chain supporting Latvia`s import requirements for solvent-borne adhesives.

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 Solvent-borne Adhesives Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Solvent-borne Adhesives Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Solvent-borne Adhesives Market - Industry Life Cycle |
3.4 Latvia Solvent-borne Adhesives Market - Porter's Five Forces |
3.5 Latvia Solvent-borne Adhesives Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Latvia Solvent-borne Adhesives Market Revenues & Volume Share, By End-User Industry, 2021 & 2031F |
4 Latvia Solvent-borne Adhesives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from the construction industry in Latvia |
4.2.2 Increasing adoption in the automotive sector for bonding applications |
4.2.3 Rise in the use of solvent-borne adhesives in packaging and labeling industries |
4.3 Market Restraints |
4.3.1 Stringent regulations regarding volatile organic compounds (VOCs) emissions |
4.3.2 Shift towards eco-friendly alternatives such as water-based adhesives |
4.3.3 Fluctuating prices of raw materials impacting production costs |
5 Latvia Solvent-borne Adhesives Market Trends |
6 Latvia Solvent-borne Adhesives Market, By Types |
6.1 Latvia Solvent-borne Adhesives Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Solvent-borne Adhesives Market Revenues & Volume, By Resin Type, 2021- 2031F |
6.1.3 Latvia Solvent-borne Adhesives Market Revenues & Volume, By Chloroprene Rubber, 2021- 2031F |
6.1.4 Latvia Solvent-borne Adhesives Market Revenues & Volume, By Poly Acrylate (PA), 2021- 2031F |
6.1.5 Latvia Solvent-borne Adhesives Market Revenues & Volume, By SBC Resin Adhesives, 2021- 2031F |
6.1.6 Latvia Solvent-borne Adhesives Market Revenues & Volume, By Other Resin Types, 2021- 2031F |
6.2 Latvia Solvent-borne Adhesives Market, By End-User Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Solvent-borne Adhesives Market Revenues & Volume, By Building and Constructio, 2021- 2031F |
6.2.3 Latvia Solvent-borne Adhesives Market Revenues & Volume, By Paper, 2021- 2031F |
6.2.4 Latvia Solvent-borne Adhesives Market Revenues & Volume, By Board and Packaging, 2021- 2031F |
6.2.5 Latvia Solvent-borne Adhesives Market Revenues & Volume, By Woodworking and Joinery, 2021- 2031F |
6.2.6 Latvia Solvent-borne Adhesives Market Revenues & Volume, By Transportation, 2021- 2031F |
6.2.7 Latvia Solvent-borne Adhesives Market Revenues & Volume, By Footwear, 2021- 2031F |
7 Latvia Solvent-borne Adhesives Market Import-Export Trade Statistics |
7.1 Latvia Solvent-borne Adhesives Market Export to Major Countries |
7.2 Latvia Solvent-borne Adhesives Market Imports from Major Countries |
8 Latvia Solvent-borne Adhesives Market Key Performance Indicators |
8.1 Average price of key raw materials used in solvent-borne adhesives production |
8.2 Number of new product developments and innovations in the market |
8.3 Percentage of market share held by solvent-borne adhesives in key industries |
8.4 Adoption rate of solvent-borne adhesives in new applications |
8.5 Customer satisfaction and loyalty metrics for solvent-borne adhesive products |
9 Latvia Solvent-borne Adhesives Market - Opportunity Assessment |
9.1 Latvia Solvent-borne Adhesives Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Latvia Solvent-borne Adhesives Market Opportunity Assessment, By End-User Industry, 2021 & 2031F |
10 Latvia Solvent-borne Adhesives Market - Competitive Landscape |
10.1 Latvia Solvent-borne Adhesives Market Revenue Share, By Companies, 2024 |
10.2 Latvia Solvent-borne 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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