| Product Code: ETC6311355 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Barbados continues to rely on imports of gelcoat, with top suppliers in 2024 being the USA, Puerto Rico, Jamaica, and Panama. The market shows highly concentrated competition, with the Herfindahl-Hirschman Index (HHI) remaining at elevated levels. However, the industry has experienced a significant decline in compound annual growth rate (CAGR) from 2020 to 2024, with a notable decrease in growth rate from 2023 to 2024. These trends indicate a challenging landscape for gelcoat import shipments to Barbados, highlighting the need for strategic adjustments and market analysis.

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 Gelcoat Market Overview |
3.1 Barbados Country Macro Economic Indicators |
3.2 Barbados Gelcoat Market Revenues & Volume, 2021 & 2031F |
3.3 Barbados Gelcoat Market - Industry Life Cycle |
3.4 Barbados Gelcoat Market - Porter's Five Forces |
3.5 Barbados Gelcoat Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Barbados Gelcoat Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Barbados Gelcoat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for gelcoat in the marine industry due to growth in recreational boating activities. |
4.2.2 Rising construction activities in Barbados leading to higher demand for gelcoat in the building and infrastructure sector. |
4.2.3 Growing awareness about the benefits of gelcoat in protecting surfaces from corrosion and enhancing aesthetics. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production for gelcoat manufacturers. |
4.3.2 Intense competition from alternative coating solutions affecting market penetration and pricing strategies. |
5 Barbados Gelcoat Market Trends |
6 Barbados Gelcoat Market, By Types |
6.1 Barbados Gelcoat Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Barbados Gelcoat Market Revenues & Volume, By Resin Type, 2021- 2031F |
6.1.3 Barbados Gelcoat Market Revenues & Volume, By Polyester, 2021- 2031F |
6.1.4 Barbados Gelcoat Market Revenues & Volume, By Vinyl Ester, 2021- 2031F |
6.1.5 Barbados Gelcoat Market Revenues & Volume, By Epoxy, 2021- 2031F |
6.1.6 Barbados Gelcoat Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Barbados Gelcoat Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 Barbados Gelcoat Market Revenues & Volume, By Marine, 2021- 2031F |
6.2.3 Barbados Gelcoat Market Revenues & Volume, By Wind Energy, 2021- 2031F |
6.2.4 Barbados Gelcoat Market Revenues & Volume, By Transportation, 2021- 2031F |
6.2.5 Barbados Gelcoat Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.6 Barbados Gelcoat Market Revenues & Volume, By Others, 2021- 2031F |
7 Barbados Gelcoat Market Import-Export Trade Statistics |
7.1 Barbados Gelcoat Market Export to Major Countries |
7.2 Barbados Gelcoat Market Imports from Major Countries |
8 Barbados Gelcoat Market Key Performance Indicators |
8.1 Number of new product developments or innovations in the gelcoat market in Barbados. |
8.2 Percentage increase in the adoption of gelcoat in different industries over a specific period. |
8.3 Customer satisfaction ratings and feedback on the quality and performance of gelcoat products in Barbados. |
8.4 Environmental impact assessments and sustainability initiatives undertaken by gelcoat manufacturers in Barbados. |
8.5 Percentage growth in the number of gelcoat application workshops or training programs conducted in Barbados. |
9 Barbados Gelcoat Market - Opportunity Assessment |
9.1 Barbados Gelcoat Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Barbados Gelcoat Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Barbados Gelcoat Market - Competitive Landscape |
10.1 Barbados Gelcoat Market Revenue Share, By Companies, 2024 |
10.2 Barbados Gelcoat 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.
To discover high-growth global markets and optimize your business strategy:
Click Here