| Product Code: ETC5386539 | 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 |
In 2024, Grenada continued to heavily rely on imports of artificial abrasives, with the USA, Canada, Trinidad and Tobago, China, and the UK being the top exporting countries. Despite a high concentration of imports, the industry saw a moderate Compound Annual Growth Rate (CAGR) of 3.4% from 2020 to 2024. However, there was a notable decline in growth from 2023 to 2024, with a negative growth rate of -9.13%. This fluctuation may indicate shifting market dynamics or external factors impacting the artificial abrasives sector in Grenada.
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 Artificial Abrasives Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Artificial Abrasives Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Artificial Abrasives Market - Industry Life Cycle |
3.4 Grenada Artificial Abrasives Market - Porter's Five Forces |
3.5 Grenada Artificial Abrasives Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Artificial Abrasives Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Artificial Abrasives Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Grenada Artificial Abrasives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-performance abrasives in various industries such as automotive, construction, and electronics. |
4.2.2 Growing focus on precision machining and surface finishing processes driving the adoption of artificial abrasives. |
4.2.3 Technological advancements leading to the development of innovative abrasives with enhanced properties. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of artificial abrasives. |
4.3.2 Stringent regulations related to environmental concerns and worker safety affecting the manufacturing processes. |
4.3.3 Competition from natural abrasives and alternative materials posing a challenge to market growth. |
5 Grenada Artificial Abrasives Market Trends |
6 Grenada Artificial Abrasives Market Segmentations |
6.1 Grenada Artificial Abrasives Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Artificial Abrasives Market Revenues & Volume, By Synthetic Diamond, 2021-2031F |
6.1.3 Grenada Artificial Abrasives Market Revenues & Volume, By Cbn, 2021-2031F |
6.1.4 Grenada Artificial Abrasives Market Revenues & Volume, By Silicon Nitride, 2021-2031F |
6.1.5 Grenada Artificial Abrasives Market Revenues & Volume, By Carbides, 2021-2031F |
6.1.6 Grenada Artificial Abrasives Market Revenues & Volume, By Ceramic Metal Oxides, 2021-2031F |
6.1.7 Grenada Artificial Abrasives Market Revenues & Volume, By Steel Abrasive, 2021-2031F |
6.2 Grenada Artificial Abrasives Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Artificial Abrasives Market Revenues & Volume, By Raw Abrasives, 2021-2031F |
6.2.3 Grenada Artificial Abrasives Market Revenues & Volume, By Coatings, Cutting & Grinding, 2021-2031F |
6.2.4 Grenada Artificial Abrasives Market Revenues & Volume, By Lapping & Polishing, 2021-2031F |
6.2.5 Grenada Artificial Abrasives Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Artificial Abrasives Market, By End-user |
6.3.1 Overview and Analysis |
6.3.2 Grenada Artificial Abrasives Market Revenues & Volume, By Machinery, 2021-2031F |
6.3.3 Grenada Artificial Abrasives Market Revenues & Volume, By Electrical & Electronic Equipment, 2021-2031F |
6.3.4 Grenada Artificial Abrasives Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.5 Grenada Artificial Abrasives Market Revenues & Volume, By Metal Fabrication, 2021-2031F |
6.3.6 Grenada Artificial Abrasives Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Artificial Abrasives Market Import-Export Trade Statistics |
7.1 Grenada Artificial Abrasives Market Export to Major Countries |
7.2 Grenada Artificial Abrasives Market Imports from Major Countries |
8 Grenada Artificial Abrasives Market Key Performance Indicators |
8.1 Research and development investment in new abrasive technologies. |
8.2 Adoption rate of artificial abrasives in key end-user industries. |
8.3 Number of patents filed for new artificial abrasive products. |
8.4 Utilization rate of manufacturing capacity for artificial abrasives. |
8.5 Customer satisfaction and retention levels for artificial abrasive products. |
9 Grenada Artificial Abrasives Market - Opportunity Assessment |
9.1 Grenada Artificial Abrasives Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Artificial Abrasives Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Artificial Abrasives Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Grenada Artificial Abrasives Market - Competitive Landscape |
10.1 Grenada Artificial Abrasives Market Revenue Share, By Companies, 2024 |
10.2 Grenada Artificial Abrasives 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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