| Product Code: ETC5241436 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to rely on key suppliers like Trinidad and Tobago, Canada, India, USA, and China for alternative building materials imports. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting limited competition. Despite a moderate compound annual growth rate (CAGR) of 6.12% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 (-3.14%). Grenada`s import dynamics in this sector underscore the importance of diversifying sources and fostering a more competitive market landscape for sustainable growth.
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 Grenada Alternative Building Materials Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Alternative Building Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Alternative Building Materials Market - Industry Life Cycle |
3.4 Grenada Alternative Building Materials Market - Porter's Five Forces |
3.5 Grenada Alternative Building Materials Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Grenada Alternative Building Materials Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.7 Grenada Alternative Building Materials Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Alternative Building Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on sustainable and eco-friendly construction practices |
4.2.2 Rising awareness about the benefits of alternative building materials in terms of energy efficiency and cost savings |
4.2.3 Government initiatives and policies promoting the use of alternative building materials |
4.3 Market Restraints |
4.3.1 High initial cost of alternative building materials compared to traditional materials |
4.3.2 Limited availability and accessibility of alternative building materials in the market |
4.3.3 Lack of skilled labor and expertise in working with alternative building materials |
5 Grenada Alternative Building Materials Market Trends |
6 Grenada Alternative Building Materials Market Segmentations |
6.1 Grenada Alternative Building Materials Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Grenada Alternative Building Materials Market Revenues & Volume, By Bamboo, 2021-2031F |
6.1.3 Grenada Alternative Building Materials Market Revenues & Volume, By Recycled Plastic, 2021-2031F |
6.1.4 Grenada Alternative Building Materials Market Revenues & Volume, By Wood, 2021-2031F |
6.1.5 Grenada Alternative Building Materials Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Alternative Building Materials Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Grenada Alternative Building Materials Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Grenada Alternative Building Materials Market Revenues & Volume, By Non-residential, 2021-2031F |
6.3 Grenada Alternative Building Materials Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Alternative Building Materials Market Revenues & Volume, By Construction, 2021-2031F |
6.3.3 Grenada Alternative Building Materials Market Revenues & Volume, By Furniture, 2021-2031F |
6.3.4 Grenada Alternative Building Materials Market Revenues & Volume, By Flooring, 2021-2031F |
7 Grenada Alternative Building Materials Market Import-Export Trade Statistics |
7.1 Grenada Alternative Building Materials Market Export to Major Countries |
7.2 Grenada Alternative Building Materials Market Imports from Major Countries |
8 Grenada Alternative Building Materials Market Key Performance Indicators |
8.1 Percentage increase in the number of green building certifications in Grenada |
8.2 Adoption rate of alternative building materials by major construction companies in Grenada |
8.3 Number of research and development projects focused on improving alternative building materials in Grenada |
9 Grenada Alternative Building Materials Market - Opportunity Assessment |
9.1 Grenada Alternative Building Materials Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Grenada Alternative Building Materials Market Opportunity Assessment, By End User, 2021 & 2031F |
9.3 Grenada Alternative Building Materials Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Alternative Building Materials Market - Competitive Landscape |
10.1 Grenada Alternative Building Materials Market Revenue Share, By Companies, 2024 |
10.2 Grenada Alternative Building Materials 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