| Product Code: ETC5255002 | 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 see a high concentration of ceiling tile imports, with the top countries being the USA, Trinidad and Tobago, China, Canada, and Belize. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 17.71%. This data suggests a stable demand for ceiling tiles in Grenada, with key importing countries maintaining their positions in the market. The high Herfindahl-Hirschman Index (HHI) underlines the dominance of these top exporting countries in supplying ceiling tiles to Grenada.
The Grenada Ceiling Tiles Market is experiencing growth due to increasing demand in construction and interior design. Ceiling tiles are used extensively in residential, commercial, and institutional buildings for their aesthetic appeal, soundproofing properties, and thermal insulation. The market includes a variety of materials such as gypsum, metal, and mineral fiber tiles, catering to diverse architectural needs. The rise in construction activities and renovations, especially in urban areas, is driving the demand for ceiling tiles. Manufacturers focus on offering lightweight, durable, and environmentally friendly options to align with market trends.
The demand for ceiling tiles in Grenada is fueled by the growth of the construction industry and the need for aesthetically appealing interiors. Innovations in eco-friendly and lightweight materials further enhance the market`s growth.
The Grenada ceiling tiles market faces challenges related to fluctuating material costs and competition from alternative ceiling materials. Ceiling
Grenadas construction and interior design sectors are key drivers of the ceiling tiles market, which caters to both functional and aesthetic needs. Increasing urbanization and infrastructure development projects have fueled the demand for ceiling tiles in commercial and residential spaces. The governments building codes and policies supporting green construction materials have encouraged the use of sustainable and fire-resistant ceiling tile products. Tax benefits for eco-friendly materials have provided additional momentum to this market segment.
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 Ceiling Tiles Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Ceiling Tiles Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Ceiling Tiles Market - Industry Life Cycle |
3.4 Grenada Ceiling Tiles Market - Porter's Five Forces |
3.5 Grenada Ceiling Tiles Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 Grenada Ceiling Tiles Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Ceiling Tiles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for aesthetically pleasing and energy-efficient ceiling solutions |
4.2.2 Growing construction activities in commercial and residential sectors |
4.2.3 Adoption of sustainable and eco-friendly building materials |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Intense competition from alternative ceiling solutions in the market |
5 Grenada Ceiling Tiles Market Trends |
6 Grenada Ceiling Tiles Market Segmentations |
6.1 Grenada Ceiling Tiles Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Ceiling Tiles Market Revenues & Volume, By Mineral Wool, 2021-2031F |
6.1.3 Grenada Ceiling Tiles Market Revenues & Volume, By Metal, 2021-2031F |
6.1.4 Grenada Ceiling Tiles Market Revenues & Volume, By Gypsum, 2021-2031F |
6.1.5 Grenada Ceiling Tiles Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Ceiling Tiles Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Ceiling Tiles Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Grenada Ceiling Tiles Market Revenues & Volume, By Non-residential, 2021-2031F |
7 Grenada Ceiling Tiles Market Import-Export Trade Statistics |
7.1 Grenada Ceiling Tiles Market Export to Major Countries |
7.2 Grenada Ceiling Tiles Market Imports from Major Countries |
8 Grenada Ceiling Tiles Market Key Performance Indicators |
8.1 Number of new construction projects incorporating grenada ceiling tiles |
8.2 Percentage increase in market share of grenada ceiling tiles compared to competitors |
8.3 Customer satisfaction ratings for the quality and design of grenada ceiling tiles |
9 Grenada Ceiling Tiles Market - Opportunity Assessment |
9.1 Grenada Ceiling Tiles Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 Grenada Ceiling Tiles Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Ceiling Tiles Market - Competitive Landscape |
10.1 Grenada Ceiling Tiles Market Revenue Share, By Companies, 2024 |
10.2 Grenada Ceiling Tiles 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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