| Product Code: ETC4951074 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cape Verde`s resin import market in 2024 continued to show a high level of concentration, with top exporting countries including Portugal, USA, China, Germany, and France. Despite a slight decline in growth rate from 2023 to 2024, the market still experienced a robust compound annual growth rate of 27.6% from 2020 to 2024. The presence of major players such as these key exporting countries indicates a strong demand for resins in Cape Verde, potentially driven by various industries and infrastructure development projects.

The Resins market in Cabo Verde is projected to grow at a stable growth rate of 3.53% by 2027, within the Africa region led by Egypt, along with other countries like South Africa, Ethiopia, Algeria and Nigeria, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

The resins market in Cape Verde supports a wide range of industries, including construction, automotive, and packaging, by providing versatile and durable materials. Resins are essential for manufacturing plastics, adhesives, and coatings. The market is expected to grow as demand for high-performance materials increases across various sectors.
The resins market in Cape Verde is driven by the demand for versatile and durable materials across various industries, including construction, automotive, and packaging. Resins are essential in producing adhesives, coatings, and composites, offering superior performance and longevity. The market is experiencing growth due to the increasing use of resins in industrial applications, advancements in resin technology, and the rising demand for high-performance materials.
The resins market in Cape Verde faces challenges due to the limited industrial demand for resins, particularly in sectors like manufacturing and construction. High import costs and the lack of local production facilities for resins further restrict market growth. Additionally, there is limited awareness about the diverse applications of resins in various industries, which can impact market penetration and slow the adoption of resin-based products.
The resins market in Cape Verde is shaped by government policies that promote the growth of the chemical and manufacturing industries. The government is encouraging the use of resins in various applications, including construction, automotive, and packaging, to enhance product quality and performance. Regulatory measures are being implemented to ensure the safety and sustainability of resins used in different industries. However, the market faces challenges such as high import costs and limited local production, prompting the government to provide incentives for investment in local manufacturing.
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 Cape Verde Resins Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Resins Market - Industry Life Cycle |
3.4 Cape Verde Resins Market - Porter's Five Forces |
3.5 Cape Verde Resins Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Cape Verde Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cape Verde Resins Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Cape Verde Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Resins Market Trends |
6 Cape Verde Resins Market Segmentations |
6.1 Cape Verde Resins Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Resins Market Revenues & Volume, By Unsaturated Polyester Resins, 2021-2031F |
6.1.3 Cape Verde Resins Market Revenues & Volume, By Alkyd Resins, 2021-2031F |
6.1.4 Cape Verde Resins Market Revenues & Volume, By Emulsion Polymers, 2021-2031F |
6.1.5 Cape Verde Resins Market Revenues & Volume, By Amino Resins, 2021-2031F |
6.1.6 Cape Verde Resins Market Revenues & Volume, By Polyester Resin, 2021-2031F |
6.1.7 Cape Verde Resins Market Revenues & Volume, By Polyurethane Resins, 2021-2031F |
6.1.9 Cape Verde Resins Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Cape Verde Resins Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cape Verde Resins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Resins Market Revenues & Volume, By ? Adhesives, 2021-2031F |
6.2.3 Cape Verde Resins Market Revenues & Volume, By Coatings, 2021-2031F |
6.2.4 Cape Verde Resins Market Revenues & Volume, By Composites, 2021-2031F |
6.2.5 Cape Verde Resins Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.6 Cape Verde Resins Market Revenues & Volume, By Paints & Varnishes, 2021-2031F |
6.2.7 Cape Verde Resins Market Revenues & Volume, By Foundry Binders, 2021-2031F |
6.2.8 Cape Verde Resins Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Cape Verde Resins Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cape Verde Resins Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Resins Market Revenues & Volume, By Electrical and Electronics, 2021-2031F |
6.3.3 Cape Verde Resins Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.4 Cape Verde Resins Market Revenues & Volume, By Civil Engineering, 2021-2031F |
6.3.5 Cape Verde Resins Market Revenues & Volume, By Marine and Shipbuilding, 2021-2031F |
6.3.6 Cape Verde Resins Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.7 Cape Verde Resins Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.8 Cape Verde Resins Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Cape Verde Resins Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Resins Market Import-Export Trade Statistics |
7.1 Cape Verde Resins Market Export to Major Countries |
7.2 Cape Verde Resins Market Imports from Major Countries |
8 Cape Verde Resins Market Key Performance Indicators |
9 Cape Verde Resins Market - Opportunity Assessment |
9.1 Cape Verde Resins Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Cape Verde Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cape Verde Resins Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Cape Verde Resins Market - Competitive Landscape |
10.1 Cape Verde Resins Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Resins 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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