| Product Code: ETC4873824 | 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 witness a high concentration of cobalt carbonate import shipments, with top exporting countries being the USA, Spain, Jamaica, Barbados, and Trinidad and Tobago. Despite a notable Compound Annual Growth Rate (CAGR) of 52.68% from 2020 to 2024, there was a decline in growth rate by -28.26% from 2023 to 2024. The consistent dominance of key exporting nations and fluctuating growth rates indicate a dynamic market landscape for cobalt carbonate imports in Grenada.
The Grenada Cobalt Carbonate Market focuses on the production and use of cobalt carbonate, an essential component in the manufacture of ceramics, pigments, and battery materials. The market is influenced by the growth of the renewable energy sector and increasing demand for rechargeable batteries.
The Cobalt Carbonate Market in Grenada is being driven by the demand for cobalt in various applications such as battery production, catalysts, and alloys. Cobalt carbonate is a key precursor for producing cobalt metal, which is widely used in rechargeable batteries, especially lithium-ion batteries for electric vehicles (EVs). As the adoption of EVs grows globally and the demand for high-performance batteries rises, the cobalt carbonate market in Grenada is expected to continue expanding.
The cobalt carbonate market in Grenada is expanding, driven by its use in the production of batteries, especially lithium-ion batteries used in electric vehicles (EVs). However, the market faces challenges such as price volatility, supply chain constraints, and ethical concerns surrounding cobalt mining practices.
Grenada`s cobalt carbonate market is influenced by the rising global demand for cobalt in battery manufacturing and electroplating applications. The government`s focus on developing niche industries through trade policies has supported the market`s steady expansion. Regulatory frameworks aimed at ensuring responsible sourcing and minimal environmental impact are pivotal in shaping market dynamics.
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 Cobalt Carbonate Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Cobalt Carbonate Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Cobalt Carbonate Market - Industry Life Cycle |
3.4 Grenada Cobalt Carbonate Market - Porter's Five Forces |
3.5 Grenada Cobalt Carbonate Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Grenada Cobalt Carbonate Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Grenada Cobalt Carbonate Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Cobalt Carbonate Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
4 Grenada Cobalt Carbonate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Cobalt Carbonate Market Trends |
6 Grenada Cobalt Carbonate Market Segmentations |
6.1 Grenada Cobalt Carbonate Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Grenada Cobalt Carbonate Market Revenues & Volume, By Natural, 2021-2031F |
6.1.3 Grenada Cobalt Carbonate Market Revenues & Volume, By Synthetic, 2021-2031F |
6.2 Grenada Cobalt Carbonate Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Grenada Cobalt Carbonate Market Revenues & Volume, By Wet Solid, 2021-2031F |
6.2.3 Grenada Cobalt Carbonate Market Revenues & Volume, By Dry Powder, 2021-2031F |
6.3 Grenada Cobalt Carbonate Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Cobalt Carbonate Market Revenues & Volume, By Paint Additives, 2021-2031F |
6.3.3 Grenada Cobalt Carbonate Market Revenues & Volume, By Chemical Intermediates, 2021-2031F |
6.3.4 Grenada Cobalt Carbonate Market Revenues & Volume, By Pigments, 2021-2031F |
6.3.5 Grenada Cobalt Carbonate Market Revenues & Volume, By Coatings, 2021-2031F |
6.3.6 Grenada Cobalt Carbonate Market Revenues & Volume, By Others, 2021-2031F |
6.4 Grenada Cobalt Carbonate Market, By Industry Vertical |
6.4.1 Overview and Analysis |
6.4.2 Grenada Cobalt Carbonate Market Revenues & Volume, By Chemical, 2021-2031F |
6.4.3 Grenada Cobalt Carbonate Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.4 Grenada Cobalt Carbonate Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.4.5 Grenada Cobalt Carbonate Market Revenues & Volume, By Agricultural, 2021-2031F |
6.4.6 Grenada Cobalt Carbonate Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Cobalt Carbonate Market Import-Export Trade Statistics |
7.1 Grenada Cobalt Carbonate Market Export to Major Countries |
7.2 Grenada Cobalt Carbonate Market Imports from Major Countries |
8 Grenada Cobalt Carbonate Market Key Performance Indicators |
9 Grenada Cobalt Carbonate Market - Opportunity Assessment |
9.1 Grenada Cobalt Carbonate Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Grenada Cobalt Carbonate Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Grenada Cobalt Carbonate Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Cobalt Carbonate Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
10 Grenada Cobalt Carbonate Market - Competitive Landscape |
10.1 Grenada Cobalt Carbonate Market Revenue Share, By Companies, 2024 |
10.2 Grenada Cobalt Carbonate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |