| Product Code: ETC4647591 | 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 rely on imports for fire protection materials, with the USA, Lebanon, Italy, Canada, and Trinidad and Tobago being the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a strong compound annual growth rate (CAGR) of 7.24% from 2020 to 2024, there was a slight decline in the growth rate from 2023 to 2024 at -5.46%. This data suggests a stable demand for fire protection materials in Grenada, with potential opportunities for market diversification and strategic partnerships in the future.
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 Fire Protection Material Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Fire Protection Material Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Fire Protection Material Market - Industry Life Cycle |
3.4 Grenada Fire Protection Material Market - Porter's Five Forces |
3.5 Grenada Fire Protection Material Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Fire Protection Material Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
3.7 Grenada Fire Protection Material Market Revenues & Volume Share, By Elevator Technology, 2021 & 2031F |
3.8 Grenada Fire Protection Material Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Grenada Fire Protection Material Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Fire Protection Material Market Trends |
6 Grenada Fire Protection Material Market Segmentations |
6.1 Grenada Fire Protection Material Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Fire Protection Material Market Revenues & Volume, By Sealants, 2021-2031F |
6.1.3 Grenada Fire Protection Material Market Revenues & Volume, By Mortar, 2021-2031F |
6.1.4 Grenada Fire Protection Material Market Revenues & Volume, By Putty, 2021-2031F |
6.1.5 Grenada Fire Protection Material Market Revenues & Volume, By Spray, 2021-2031F |
6.1.6 Grenada Fire Protection Material Market Revenues & Volume, By Sheets/Boards, 2021-2031F |
6.1.7 Grenada Fire Protection Material Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Fire Protection Material Market, By Application Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Fire Protection Material Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Grenada Fire Protection Material Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Grenada Fire Protection Material Market Revenues & Volume, By Industrial, 2021-2031F |
6.3 Grenada Fire Protection Material Market, By Elevator Technology |
6.3.1 Overview and Analysis |
6.3.2 Grenada Fire Protection Material Market Revenues & Volume, By Traction & Machine Room Less Traction, 2021-2031F |
6.3.3 Grenada Fire Protection Material Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.4 Grenada Fire Protection Material Market, By End-User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Fire Protection Material Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Grenada Fire Protection Material Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Grenada Fire Protection Material Market Revenues & Volume, By Institutional, 2021-2031F |
6.4.5 Grenada Fire Protection Material Market Revenues & Volume, By Infrastructural, 2021-2031F |
6.4.6 Grenada Fire Protection Material Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Fire Protection Material Market Import-Export Trade Statistics |
7.1 Grenada Fire Protection Material Market Export to Major Countries |
7.2 Grenada Fire Protection Material Market Imports from Major Countries |
8 Grenada Fire Protection Material Market Key Performance Indicators |
9 Grenada Fire Protection Material Market - Opportunity Assessment |
9.1 Grenada Fire Protection Material Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Fire Protection Material Market Opportunity Assessment, By Application Type, 2021 & 2031F |
9.3 Grenada Fire Protection Material Market Opportunity Assessment, By Elevator Technology, 2021 & 2031F |
9.4 Grenada Fire Protection Material Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Grenada Fire Protection Material Market - Competitive Landscape |
10.1 Grenada Fire Protection Material Market Revenue Share, By Companies, 2024 |
10.2 Grenada Fire Protection Material 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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