| Product Code: ETC5352491 | 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 |
Grenada`s barium sulfate import market saw significant growth in 2024 with top exporters being the USA, Barbados, and Saint Lucia. The market remained highly concentrated with a high Herfindahl-Hirschman Index (HHI) in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 26.85%, indicating a thriving market. Moreover, the growth rate from 2023 to 2024 surged by 31.24%, underlining the increasing demand for barium sulfate in Grenada. These trends suggest a promising outlook for the import market of barium sulfate in the country.
Grenada's Barium Sulfate market is anticipated to experience a stable growth rate of 2.09% by 2027, reflecting trends observed in the largest economy United States of America, followed by Canada, Trinidad and Tobago, Jamaica and Barbados.

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 Barium Sulfate Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Barium Sulfate Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Barium Sulfate Market - Industry Life Cycle |
3.4 Grenada Barium Sulfate Market - Porter's Five Forces |
3.5 Grenada Barium Sulfate Market Revenues & Volume Share, By End Users, 2021 & 2031F |
3.6 Grenada Barium Sulfate Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Grenada Barium Sulfate Market Revenues & Volume Share, By Deposit Type, 2021 & 2031F |
4 Grenada Barium Sulfate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for barium sulfate in industries such as paints, coatings, and plastics due to its high chemical inertness and radiopacity. |
4.2.2 Growing use of barium sulfate in the healthcare sector for diagnostic imaging procedures like X-rays and CT scans. |
4.2.3 Rising investments in infrastructure development leading to higher demand for barium sulfate in the construction industry. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting the production cost of barium sulfate. |
4.3.2 Stringent regulations and environmental concerns regarding the disposal of barium sulfate waste. |
4.3.3 Competition from alternative materials or substitutes in certain applications. |
5 Grenada Barium Sulfate Market Trends |
6 Grenada Barium Sulfate Market Segmentations |
6.1 Grenada Barium Sulfate Market, By End Users |
6.1.1 Overview and Analysis |
6.1.2 Grenada Barium Sulfate Market Revenues & Volume, By Glass, 2021-2031F |
6.1.3 Grenada Barium Sulfate Market Revenues & Volume, By Oil? Well Drilling, 2021-2031F |
6.1.4 Grenada Barium Sulfate Market Revenues & Volume, By Paint, 2021-2031F |
6.1.5 Grenada Barium Sulfate Market Revenues & Volume, By Chemical, 2021-2031F |
6.1.6 Grenada Barium Sulfate Market Revenues & Volume, By Others? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? , 2021-2031F |
6.2 Grenada Barium Sulfate Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Barium Sulfate Market Revenues & Volume, By Natural, 2021-2031F |
6.2.3 Grenada Barium Sulfate Market Revenues & Volume, By Precipitated, 2021-2031F |
6.3 Grenada Barium Sulfate Market, By Deposit Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Barium Sulfate Market Revenues & Volume, By Bedded, 2021-2031F |
6.3.3 Grenada Barium Sulfate Market Revenues & Volume, By Vein, 2021-2031F |
6.3.4 Grenada Barium Sulfate Market Revenues & Volume, By Residual, 2021-2031F |
7 Grenada Barium Sulfate Market Import-Export Trade Statistics |
7.1 Grenada Barium Sulfate Market Export to Major Countries |
7.2 Grenada Barium Sulfate Market Imports from Major Countries |
8 Grenada Barium Sulfate Market Key Performance Indicators |
8.1 Average selling price of grenada barium sulfate. |
8.2 Percentage of revenue generated from the healthcare sector. |
8.3 Number of infrastructure projects using barium sulfate as a component. |
8.4 Research and development expenditure towards improving barium sulfate properties. |
8.5 Percentage of recycled barium sulfate material used in production. |
9 Grenada Barium Sulfate Market - Opportunity Assessment |
9.1 Grenada Barium Sulfate Market Opportunity Assessment, By End Users, 2021 & 2031F |
9.2 Grenada Barium Sulfate Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Grenada Barium Sulfate Market Opportunity Assessment, By Deposit Type, 2021 & 2031F |
10 Grenada Barium Sulfate Market - Competitive Landscape |
10.1 Grenada Barium Sulfate Market Revenue Share, By Companies, 2024 |
10.2 Grenada Barium Sulfate 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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