| Product Code: ETC5892851 | 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 shipments of composite materials in 2024 saw a significant concentration from top exporting countries including the USA, UAE, Trinidad and Tobago, China, and the UK. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) for 2020-24 stood at a robust 12.37%, showcasing a strong upward trend in demand. Despite a slightly lower growth rate in 2024 compared to the previous year, the market for composite materials in Grenada remains on a positive trajectory.
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 Composite Materials Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Composite Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Composite Materials Market - Industry Life Cycle |
3.4 Grenada Composite Materials Market - Porter's Five Forces |
3.5 Grenada Composite Materials Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 Grenada Composite Materials Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Composite Materials Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Grenada Composite Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-strength materials in various industries such as automotive, aerospace, and construction. |
4.2.2 Growing focus on sustainability and eco-friendly materials, with composite materials being seen as a viable alternative to traditional materials. |
4.2.3 Technological advancements leading to the development of new composite materials with enhanced properties. |
4.3 Market Restraints |
4.3.1 High initial investment and production costs associated with composite materials. |
4.3.2 Lack of awareness and understanding among end-users about the benefits and applications of composite materials. |
4.3.3 Challenges related to recycling and disposal of composite materials, leading to environmental concerns. |
5 Grenada Composite Materials Market Trends |
6 Grenada Composite Materials Market Segmentations |
6.1 Grenada Composite Materials Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Composite Materials Market Revenues & Volume, By PMC, 2021-2031F |
6.1.3 Grenada Composite Materials Market Revenues & Volume, By MMC, 2021-2031F |
6.1.4 Grenada Composite Materials Market Revenues & Volume, By CMC, 2021-2031F |
6.2 Grenada Composite Materials Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Composite Materials Market Revenues & Volume, By Structural, 2021-2031F |
6.2.3 Grenada Composite Materials Market Revenues & Volume, By Powertrain, 2021-2031F |
6.2.4 Grenada Composite Materials Market Revenues & Volume, By Interior, 2021-2031F |
6.2.5 Grenada Composite Materials Market Revenues & Volume, By Exterior, 2021-2031F |
6.2.6 Grenada Composite Materials Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Composite Materials Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Composite Materials Market Revenues & Volume, By PC, 2021-2031F |
6.3.3 Grenada Composite Materials Market Revenues & Volume, By LCV, 2021-2031F |
6.3.4 Grenada Composite Materials Market Revenues & Volume, By HCV, 2021-2031F |
6.3.5 Grenada Composite Materials Market Revenues & Volume, By Rolling Stock, 2021-2031F |
7 Grenada Composite Materials Market Import-Export Trade Statistics |
7.1 Grenada Composite Materials Market Export to Major Countries |
7.2 Grenada Composite Materials Market Imports from Major Countries |
8 Grenada Composite Materials Market Key Performance Indicators |
8.1 Research and development investment in new composite materials. |
8.2 Adoption rate of composite materials in key industries. |
8.3 Number of patents filed for innovative composite material technologies. |
8.4 Percentage of companies incorporating sustainability practices in composite material production. |
8.5 Rate of growth in demand for composite materials in Grenada. |
9 Grenada Composite Materials Market - Opportunity Assessment |
9.1 Grenada Composite Materials Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 Grenada Composite Materials Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Composite Materials Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Grenada Composite Materials Market - Competitive Landscape |
10.1 Grenada Composite Materials Market Revenue Share, By Companies, 2024 |
10.2 Grenada Composite Materials 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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