| Product Code: ETC5647998 | 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 |
Grenada`s import of coalescing agents in 2024 continued to be dominated by key suppliers including the USA, Trinidad and Tobago, China, Jamaica, and the UK. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market with these top countries holding significant market share. The impressive Compound Annual Growth Rate (CAGR) of 38.8% from 2020 to 2024 showcases strong demand for coalescing agents in Grenada. Additionally, the notable growth rate of 21.38% from 2023 to 2024 suggests a continued upward trajectory in the importation of these essential products for various industries.
The Grenada Coalescing Agent Market provides additives used in paints, coatings, and adhesives to enhance film formation and durability. The market growth is attributed to the rising construction activities and demand for high-performance coatings. Sustainability initiatives are prompting the development of eco-friendly coalescing agents.
The Coalescing Agent Market in Grenada is experiencing growth due to the increasing demand for eco-friendly, water-based paints and coatings. Coalescing agents play a crucial role in the formulation of coatings by ensuring that the resin particles in paint or coatings blend together when dried. As environmental regulations become stricter, leading to a preference for low-VOC (Volatile Organic Compounds) and water-based products, the demand for coalescing agents that enable these formulations is on the rise.
Coal tar pitch is used in aluminum production, construction, and other industrial applications, contributing to its market growth in Grenada. However, the market faces challenges such as volatile raw material prices and competition from synthetic alternatives, which may affect its demand and profitability.
The coalescing agent market in Grenada is closely tied to the construction and paint industries. Government policies promoting eco-friendly construction practices and the use of low-VOC (volatile organic compounds) materials have supported this market. Subsidies for manufacturers adopting sustainable production methods have further encouraged the development and use of environmentally responsible coalescing agents.
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 Coalescing Agent Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Coalescing Agent Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Coalescing Agent Market - Industry Life Cycle |
3.4 Grenada Coalescing Agent Market - Porter's Five Forces |
3.5 Grenada Coalescing Agent Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Coalescing Agent Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Coalescing Agent Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and sustainable products in various industries |
4.2.2 Growing awareness about the benefits of using coalescing agents in paints and coatings |
4.2.3 Rising construction activities leading to higher demand for paints and coatings |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Stringent regulations regarding the use of certain chemicals in coalescing agents |
4.3.3 Competition from substitute products impacting market growth |
5 Grenada Coalescing Agent Market Trends |
6 Grenada Coalescing Agent Market Segmentations |
6.1 Grenada Coalescing Agent Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Coalescing Agent Market Revenues & Volume, By Hydrophilic, 2021-2031F |
6.1.3 Grenada Coalescing Agent Market Revenues & Volume, By Hydrophobic, 2021-2031F |
6.2 Grenada Coalescing Agent Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Coalescing Agent Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.3 Grenada Coalescing Agent Market Revenues & Volume, By Adhesive & Sealants, 2021-2031F |
6.2.4 Grenada Coalescing Agent Market Revenues & Volume, By Inks, 2021-2031F |
6.2.5 Grenada Coalescing Agent Market Revenues & Volume, By Personal Care Ingredient, 2021-2031F |
7 Grenada Coalescing Agent Market Import-Export Trade Statistics |
7.1 Grenada Coalescing Agent Market Export to Major Countries |
7.2 Grenada Coalescing Agent Market Imports from Major Countries |
8 Grenada Coalescing Agent Market Key Performance Indicators |
8.1 Percentage of paints and coatings manufacturers using coalescing agents in their products |
8.2 Adoption rate of eco-friendly coalescing agents in the market |
8.3 Number of construction projects specifying the use of coalescing agents in their paint formulations |
8.4 Research and development investments in new coalescing agent technologies |
8.5 Environmental impact assessments of coalescing agent usage in the market |
9 Grenada Coalescing Agent Market - Opportunity Assessment |
9.1 Grenada Coalescing Agent Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Coalescing Agent Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Coalescing Agent Market - Competitive Landscape |
10.1 Grenada Coalescing Agent Market Revenue Share, By Companies, 2024 |
10.2 Grenada Coalescing Agent Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |