| Product Code: ETC5720749 | 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 composite resin import market in 2024 continues to be dominated by top exporting countries such as USA, China, Trinidad and Tobago, Areas, nes, and Lebanon. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market structure. Despite a strong compound annual growth rate (CAGR) of 8.85% from 2020 to 2024, there was a significant decline in growth rate from 2023 to 2024, highlighting potential challenges or shifts in the market dynamics. Monitoring these trends closely will be crucial for market players looking to navigate the composite resin import landscape in Grenada.
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 Resin Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Composite Resin Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Composite Resin Market - Industry Life Cycle |
3.4 Grenada Composite Resin Market - Porter's Five Forces |
3.5 Grenada Composite Resin Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Grenada Composite Resin Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.7 Grenada Composite Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Composite Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-strength materials in industries such as automotive, aerospace, and construction. |
4.2.2 Growing focus on sustainable and eco-friendly products in response to environmental concerns. |
4.2.3 Technological advancements leading to the development of innovative composite resin materials. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with the production and implementation of composite resin materials. |
4.3.2 Challenges related to the recycling and disposal of composite resin products. |
4.3.3 Fluctuations in raw material prices impacting the overall cost of composite resin production. |
5 Grenada Composite Resin Market Trends |
6 Grenada Composite Resin Market Segmentations |
6.1 Grenada Composite Resin Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Composite Resin Market Revenues & Volume, By Thermoset, 2021-2031F |
6.1.3 Grenada Composite Resin Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.2 Grenada Composite Resin Market, By Manufacturing Process |
6.2.1 Overview and Analysis |
6.2.2 Grenada Composite Resin Market Revenues & Volume, By Layup, 2021-2031F |
6.2.3 Grenada Composite Resin Market Revenues & Volume, By Filament Winding, 2021-2031F |
6.2.4 Grenada Composite Resin Market Revenues & Volume, By Injection Molding, 2021-2031F |
6.2.5 Grenada Composite Resin Market Revenues & Volume, By Pultrusion, 2021-2031F |
6.2.6 Grenada Composite Resin Market Revenues & Volume, By Compression Molding, 2021-2031F |
6.2.7 Grenada Composite Resin Market Revenues & Volume, By Resin Transfer Molding, 2021-2031F |
6.3 Grenada Composite Resin Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Composite Resin Market Revenues & Volume, By Construction & Infrastructure, 2021-2031F |
6.3.3 Grenada Composite Resin Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.4 Grenada Composite Resin Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.3.5 Grenada Composite Resin Market Revenues & Volume, By Pipes & Tanks, 2021-2031F |
6.3.6 Grenada Composite Resin Market Revenues & Volume, By Wind Energy, 2021-2031F |
6.3.7 Grenada Composite Resin Market Revenues & Volume, By Marine, 2021-2031F |
6.3.8 Grenada Composite Resin Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Grenada Composite Resin Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Composite Resin Market Import-Export Trade Statistics |
7.1 Grenada Composite Resin Market Export to Major Countries |
7.2 Grenada Composite Resin Market Imports from Major Countries |
8 Grenada Composite Resin Market Key Performance Indicators |
8.1 Research and development investment in new composite resin technologies. |
8.2 Adoption rate of composite resin materials in key industries. |
8.3 Number of patents filed for innovative composite resin products. |
9 Grenada Composite Resin Market - Opportunity Assessment |
9.1 Grenada Composite Resin Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Grenada Composite Resin Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.3 Grenada Composite Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Composite Resin Market - Competitive Landscape |
10.1 Grenada Composite Resin Market Revenue Share, By Companies, 2024 |
10.2 Grenada Composite Resin 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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