| Product Code: ETC4894188 | 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 tungsten disulfide import market in 2024 saw significant growth, with key suppliers being Lithuania, Metropolitan France, USA, Germany, and Ireland. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at high levels. The compound annual growth rate (CAGR) from 2020 to 2024 was a strong 14.54%, indicating a growing demand for tungsten disulfide in Latvia. The growth rate from 2023 to 2024 was an impressive 331.17%, highlighting the increasing importance of this material in various industries within the Latvian market.

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 Tungsten Disulfide Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Tungsten Disulfide Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Tungsten Disulfide Market - Industry Life Cycle |
3.4 Latvia Tungsten Disulfide Market - Porter's Five Forces |
3.5 Latvia Tungsten Disulfide Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Tungsten Disulfide Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Tungsten Disulfide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for tungsten disulfide in industrial applications such as coatings, lubricants, and additives. |
4.2.2 Growing focus on enhancing energy efficiency and reducing friction in machinery and equipment. |
4.2.3 Advancements in nanotechnology leading to the development of new applications for tungsten disulfide. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of tungsten disulfide. |
4.3.2 Stringent environmental regulations affecting the manufacturing and usage of tungsten disulfide. |
4.3.3 Competition from alternative materials with similar properties impacting market growth. |
5 Latvia Tungsten Disulfide Market Trends |
6 Latvia Tungsten Disulfide Market Segmentations |
6.1 Latvia Tungsten Disulfide Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Tungsten Disulfide Market Revenues & Volume, By Purity Above 99.8%, 2021-2031F |
6.1.3 Latvia Tungsten Disulfide Market Revenues & Volume, By Purity Above 99.5%, 2021-2031F |
6.1.4 Latvia Tungsten Disulfide Market Revenues & Volume, By Purity Above 99%, 2021-2031F |
6.1.5 Latvia Tungsten Disulfide Market Revenues & Volume, By Other, 2021-2031F |
6.2 Latvia Tungsten Disulfide Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Tungsten Disulfide Market Revenues & Volume, By Blending Lubricant, 2021-2031F |
6.2.3 Latvia Tungsten Disulfide Market Revenues & Volume, By Coating Lubricant, 2021-2031F |
6.2.4 Latvia Tungsten Disulfide Market Revenues & Volume, By Catalyst, 2021-2031F |
6.2.5 Latvia Tungsten Disulfide Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Tungsten Disulfide Market Import-Export Trade Statistics |
7.1 Latvia Tungsten Disulfide Market Export to Major Countries |
7.2 Latvia Tungsten Disulfide Market Imports from Major Countries |
8 Latvia Tungsten Disulfide Market Key Performance Indicators |
8.1 Research and development investment in new applications for tungsten disulfide. |
8.2 Adoption rate of tungsten disulfide in key industries. |
8.3 Number of patents filed for tungsten disulfide-related technologies. |
8.4 Environmental impact assessment and compliance measures in tungsten disulfide production. |
8.5 Innovation index measuring the introduction of new products and technologies in the tungsten disulfide market. |
9 Latvia Tungsten Disulfide Market - Opportunity Assessment |
9.1 Latvia Tungsten Disulfide Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Tungsten Disulfide Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Tungsten Disulfide Market - Competitive Landscape |
10.1 Latvia Tungsten Disulfide Market Revenue Share, By Companies, 2024 |
10.2 Latvia Tungsten Disulfide 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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