| Product Code: ETC5094471 | 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 be a significant importer of chemicals, with the USA, Trinidad and Tobago, China, Jamaica, and the UK leading the way in supplying these goods. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, potentially offering opportunities for market dominance for these top exporting countries. The impressive compound annual growth rate (CAGR) of 38.8% from 2020 to 2024 highlights strong demand for chemicals in Grenada. Moreover, the notable growth rate of 21.38% from 2023 to 2024 suggests a thriving market and potential for further expansion in the coming years.
Grenada's Chemicals market is anticipated to experience a stable growth rate of 2.40% by 2027, reflecting trends observed in the largest economy United States of America, 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 Chemicals Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Chemicals Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Chemicals Market - Industry Life Cycle |
3.4 Grenada Chemicals Market - Porter's Five Forces |
3.5 Grenada Chemicals Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Grenada Chemicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for specialty chemicals in various industries such as agriculture, healthcare, and manufacturing |
4.2.2 Growing focus on sustainable and eco-friendly chemicals in Grenada |
4.2.3 Government initiatives promoting the use of chemicals for infrastructure development |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting the production cost of chemicals |
4.3.2 Stringent regulations and compliance requirements for chemical manufacturing and distribution |
4.3.3 Competition from imported chemicals affecting the market share of local manufacturers |
5 Grenada Chemicals Market Trends |
6 Grenada Chemicals Market Segmentations |
6.1 Grenada Chemicals Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Chemicals Market Revenues & Volume, By Agrochemicals, 2021-2031F |
6.1.3 Grenada Chemicals Market Revenues & Volume, By Dyes and Pigments, 2021-2031F |
6.1.4 Grenada Chemicals Market Revenues & Volume, By Construction Chemicals, 2021-2031F |
6.1.5 Grenada Chemicals Market Revenues & Volume, By Specialty Polymers, 2021-2031F |
6.1.6 Grenada Chemicals Market Revenues & Volume, By Textile Chemicals, 2021-2031F |
6.1.7 Grenada Chemicals Market Revenues & Volume, By Base Ingredients, 2021-2031F |
6.1.9 Grenada Chemicals Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Grenada Chemicals Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Chemicals Market Import-Export Trade Statistics |
7.1 Grenada Chemicals Market Export to Major Countries |
7.2 Grenada Chemicals Market Imports from Major Countries |
8 Grenada Chemicals Market Key Performance Indicators |
8.1 Research and development investment in new chemical formulations |
8.2 Adoption rate of eco-friendly chemicals in different industries |
8.3 Number of partnerships and collaborations for technology transfer and product development |
9 Grenada Chemicals Market - Opportunity Assessment |
9.1 Grenada Chemicals Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Grenada Chemicals Market - Competitive Landscape |
10.1 Grenada Chemicals Market Revenue Share, By Companies, 2024 |
10.2 Grenada Chemicals 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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