| Product Code: ETC4705579 | 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 |
Grenada`s benzoic acid import market in 2024 continues to be dominated by Trinidad and Tobago and the USA as the top exporting countries. The Herfindahl-Hirschman Index (HHI) reflects a very high concentration in the market. With a remarkable compound annual growth rate (CAGR) of 39.28% from 2020 to 2024, the industry shows significant expansion. Particularly noteworthy is the impressive growth rate of 121.56% from 2023 to 2024, indicating a surge in demand and trade dynamics for benzoic acid in Grenada.
By 2027, Grenada's Benzoic Acid market is forecasted to achieve a stable growth rate of 1.60%, with United States of America leading the North America region, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

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 Benzoic Acid Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Benzoic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Benzoic Acid Market - Industry Life Cycle |
3.4 Grenada Benzoic Acid Market - Porter's Five Forces |
3.5 Grenada Benzoic Acid Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
3.6 Grenada Benzoic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Benzoic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Benzoic Acid Market Trends |
6 Grenada Benzoic Acid Market Segmentations |
6.1 Grenada Benzoic Acid Market, By End-use Industry |
6.1.1 Overview and Analysis |
6.1.2 Grenada Benzoic Acid Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.1.3 Grenada Benzoic Acid Market Revenues & Volume, By Chemical, 2021-2031F |
6.1.4 Grenada Benzoic Acid Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2 Grenada Benzoic Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Benzoic Acid Market Revenues & Volume, By Benzoates, 2021-2031F |
6.2.3 Grenada Benzoic Acid Market Revenues & Volume, By Benzoate plasticizers, 2021-2031F |
6.2.4 Grenada Benzoic Acid Market Revenues & Volume, By Benzoyl Chloride, 2021-2031F |
6.2.5 Grenada Benzoic Acid Market Revenues & Volume, By Alkyd Resins, 2021-2031F |
6.2.6 Grenada Benzoic Acid Market Revenues & Volume, By Animal Feed Additive, 2021-2031F |
7 Grenada Benzoic Acid Market Import-Export Trade Statistics |
7.1 Grenada Benzoic Acid Market Export to Major Countries |
7.2 Grenada Benzoic Acid Market Imports from Major Countries |
8 Grenada Benzoic Acid Market Key Performance Indicators |
9 Grenada Benzoic Acid Market - Opportunity Assessment |
9.1 Grenada Benzoic Acid Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
9.2 Grenada Benzoic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Benzoic Acid Market - Competitive Landscape |
10.1 Grenada Benzoic Acid Market Revenue Share, By Companies, 2024 |
10.2 Grenada Benzoic Acid 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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