| Product Code: ETC5707943 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Barbados continues to rely on imports of FRP vessels, with the USA, China, Germany, Trinidad and Tobago, and the UK emerging as the top exporting countries in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The industry has shown strong growth, with a notable compound annual growth rate (CAGR) of 12.75% from 2020 to 2024. The impressive growth rate of 24.0% from 2023 to 2024 signals a thriving market for FRP vessels in Barbados, presenting opportunities for stakeholders in the industry.

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 Barbados FRP Vessels Market Overview |
3.1 Barbados Country Macro Economic Indicators |
3.2 Barbados FRP Vessels Market Revenues & Volume, 2021 & 2031F |
3.3 Barbados FRP Vessels Market - Industry Life Cycle |
3.4 Barbados FRP Vessels Market - Porter's Five Forces |
3.5 Barbados FRP Vessels Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.6 Barbados FRP Vessels Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Barbados FRP Vessels Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Barbados FRP Vessels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and lightweight vessels due to environmental concerns |
4.2.2 Growth in tourism industry leading to higher demand for recreational boats and yachts |
4.2.3 Technological advancements in FRP materials leading to improved vessel performance |
4.3 Market Restraints |
4.3.1 High initial cost of FRP vessels compared to traditional materials like steel or aluminum |
4.3.2 Limited availability of skilled labor for FRP vessel manufacturing and maintenance |
4.3.3 Fluctuating raw material prices impacting production costs |
5 Barbados FRP Vessels Market Trends |
6 Barbados FRP Vessels Market Segmentations |
6.1 Barbados FRP Vessels Market, By Fiber Type |
6.1.1 Overview and Analysis |
6.1.2 Barbados FRP Vessels Market Revenues & Volume, By Glass, 2021-2031F |
6.1.3 Barbados FRP Vessels Market Revenues & Volume, By Carbon, 2021-2031F |
6.2 Barbados FRP Vessels Market, By Resin Type |
6.2.1 Overview and Analysis |
6.2.2 Barbados FRP Vessels Market Revenues & Volume, By Polyester, 2021-2031F |
6.2.3 Barbados FRP Vessels Market Revenues & Volume, By Epoxy, 2021-2031F |
6.2.4 Barbados FRP Vessels Market Revenues & Volume, By Others, 2021-2031F |
6.3 Barbados FRP Vessels Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Barbados FRP Vessels Market Revenues & Volume, By Water & Wastewater, 2021-2031F |
6.3.3 Barbados FRP Vessels Market Revenues & Volume, By Chemical, 2021-2031F |
6.3.4 Barbados FRP Vessels Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.3.5 Barbados FRP Vessels Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.6 Barbados FRP Vessels Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.7 Barbados FRP Vessels Market Revenues & Volume, By Others, 2021-2031F |
7 Barbados FRP Vessels Market Import-Export Trade Statistics |
7.1 Barbados FRP Vessels Market Export to Major Countries |
7.2 Barbados FRP Vessels Market Imports from Major Countries |
8 Barbados FRP Vessels Market Key Performance Indicators |
8.1 Average vessel lifespan |
8.2 Number of new FRP vessel registrations |
8.3 Percentage of FRP vessels in the total vessel fleet |
8.4 Average annual growth rate of FRP vessel market size |
8.5 Customer satisfaction ratings for FRP vessels |
9 Barbados FRP Vessels Market - Opportunity Assessment |
9.1 Barbados FRP Vessels Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.2 Barbados FRP Vessels Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.3 Barbados FRP Vessels Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Barbados FRP Vessels Market - Competitive Landscape |
10.1 Barbados FRP Vessels Market Revenue Share, By Companies, 2024 |
10.2 Barbados FRP Vessels Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |