| Product Code: ETC5246756 | 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 such as the USA, Lebanon, Canada, China, and Italy for its basalt fiber imports. Despite high concentration with a very high Herfindahl-Hirschman Index (HHI), the market saw steady growth with a compound annual growth rate (CAGR) of 4.23% from 2020 to 2024. The impressive growth rate of 8.72% from 2023 to 2024 indicates a positive trend in basalt fiber import shipments, pointing towards a strong demand and market dynamics 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 Basalt Fiber Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Basalt Fiber Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Basalt Fiber Market - Industry Life Cycle |
3.4 Grenada Basalt Fiber Market - Porter's Five Forces |
3.5 Grenada Basalt Fiber Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Grenada Basalt Fiber Market Revenues & Volume Share, By Usage, 2021 & 2031F |
3.7 Grenada Basalt Fiber Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Grenada Basalt Fiber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable and eco-friendly materials in various industries |
4.2.2 Growing awareness about the benefits of basalt fibers such as high strength and resistance to corrosion |
4.2.3 Government initiatives promoting the use of basalt fibers in infrastructure projects |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up basalt fiber production facilities |
4.3.2 Limited availability of skilled labor for basalt fiber manufacturing |
4.3.3 Competition from other synthetic fibers such as carbon fiber and fiberglass |
5 Grenada Basalt Fiber Market Trends |
6 Grenada Basalt Fiber Market Segmentations |
6.1 Grenada Basalt Fiber Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Grenada Basalt Fiber Market Revenues & Volume, By Continuous, 2021-2031F |
6.1.3 Grenada Basalt Fiber Market Revenues & Volume, By Discrete, 2021-2031F |
6.2 Grenada Basalt Fiber Market, By Usage |
6.2.1 Overview and Analysis |
6.2.2 Grenada Basalt Fiber Market Revenues & Volume, By Composites, 2021-2031F |
6.2.3 Grenada Basalt Fiber Market Revenues & Volume, By Non-composites, 2021-2031F |
6.3 Grenada Basalt Fiber Market, By End-use Industry |
6.3.1 Overview and Analysis |
6.3.2 Grenada Basalt Fiber Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.3.3 Grenada Basalt Fiber Market Revenues & Volume, By Construction & Infrastructure, 2021-2031F |
6.3.4 Grenada Basalt Fiber Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.3.5 Grenada Basalt Fiber Market Revenues & Volume, By Wind Energy, 2021-2031F |
6.3.6 Grenada Basalt Fiber Market Revenues & Volume, By Marine, 2021-2031F |
6.3.7 Grenada Basalt Fiber Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Basalt Fiber Market Import-Export Trade Statistics |
7.1 Grenada Basalt Fiber Market Export to Major Countries |
7.2 Grenada Basalt Fiber Market Imports from Major Countries |
8 Grenada Basalt Fiber Market Key Performance Indicators |
8.1 Research and development investment in basalt fiber technology |
8.2 Number of patents filed for basalt fiber innovations |
8.3 Adoption rate of basalt fibers in key industries such as automotive, construction, and aerospace |
9 Grenada Basalt Fiber Market - Opportunity Assessment |
9.1 Grenada Basalt Fiber Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Grenada Basalt Fiber Market Opportunity Assessment, By Usage, 2021 & 2031F |
9.3 Grenada Basalt Fiber Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Grenada Basalt Fiber Market - Competitive Landscape |
10.1 Grenada Basalt Fiber Market Revenue Share, By Companies, 2024 |
10.2 Grenada Basalt Fiber 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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