| Product Code: ETC5742162 | 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 |
Despite the negative CAGR from 2020 to 2024, Grenada`s building thermal insulation import shipments saw a significant growth rate of 24.45% in 2024. The top exporting countries, including Lebanon, Trinidad and Tobago, Canada, UAE, and USA, demonstrate a diverse range of sources for these imports. However, the high Herfindahl-Hirschman Index (HHI) indicates a concentrated market in 2024. This suggests that while there is growth in import volume, the market may still be dominated by a few key players, potentially impacting competition and pricing dynamics in the industry.
The Building Thermal Insulation market in Grenada is projected to grow at a stable growth rate of 2.86% by 2027, highlighting the country's increasing focus on advanced technologies within the North America region, where United States of America holds the dominant position, followed closely by Canada, Trinidad and Tobago, Jamaica and Bahamas, shaping overall regional demand.

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 Building Thermal Insulation Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Building Thermal Insulation Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Building Thermal Insulation Market - Industry Life Cycle |
3.4 Grenada Building Thermal Insulation Market - Porter's Five Forces |
3.5 Grenada Building Thermal Insulation Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Grenada Building Thermal Insulation Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Building Thermal Insulation Market Revenues & Volume Share, By Building Type, 2021 & 2031F |
4 Grenada Building Thermal Insulation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about energy efficiency and sustainability in Grenada |
4.2.2 Government regulations promoting the use of thermal insulation in buildings |
4.2.3 Growth in the construction sector in Grenada |
4.3 Market Restraints |
4.3.1 High initial installation costs of thermal insulation materials |
4.3.2 Limited availability of skilled labor for installation and maintenance |
4.3.3 Lack of incentives or subsidies for adopting thermal insulation in buildings |
5 Grenada Building Thermal Insulation Market Trends |
6 Grenada Building Thermal Insulation Market Segmentations |
6.1 Grenada Building Thermal Insulation Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Grenada Building Thermal Insulation Market Revenues & Volume, By Glasswool, 2021-2031F |
6.1.3 Grenada Building Thermal Insulation Market Revenues & Volume, By Stonewool, 2021-2031F |
6.1.4 Grenada Building Thermal Insulation Market Revenues & Volume, By Plastic Foam, 2021-2031F |
6.2 Grenada Building Thermal Insulation Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Building Thermal Insulation Market Revenues & Volume, By Roof Insulation, 2021-2031F |
6.2.3 Grenada Building Thermal Insulation Market Revenues & Volume, By Floor Insulation, 2021-2031F |
6.2.4 Grenada Building Thermal Insulation Market Revenues & Volume, By Wall Insulation, 2021-2031F |
6.3 Grenada Building Thermal Insulation Market, By Building Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Building Thermal Insulation Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Grenada Building Thermal Insulation Market Revenues & Volume, By Non-Residential, 2021-2031F |
7 Grenada Building Thermal Insulation Market Import-Export Trade Statistics |
7.1 Grenada Building Thermal Insulation Market Export to Major Countries |
7.2 Grenada Building Thermal Insulation Market Imports from Major Countries |
8 Grenada Building Thermal Insulation Market Key Performance Indicators |
8.1 Energy savings achieved through the use of thermal insulation |
8.2 Number of new construction projects incorporating thermal insulation |
8.3 Percentage of buildings in Grenada meeting energy efficiency standards |
8.4 Rate of adoption of innovative thermal insulation technologies |
8.5 Number of training programs or certifications for thermal insulation installation and maintenance |
9 Grenada Building Thermal Insulation Market - Opportunity Assessment |
9.1 Grenada Building Thermal Insulation Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Grenada Building Thermal Insulation Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Building Thermal Insulation Market Opportunity Assessment, By Building Type, 2021 & 2031F |
10 Grenada Building Thermal Insulation Market - Competitive Landscape |
10.1 Grenada Building Thermal Insulation Market Revenue Share, By Companies, 2024 |
10.2 Grenada Building Thermal Insulation 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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