| Product Code: ETC4752395 | 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 |
Grenada`s foundry binders import market in 2024 continued to experience robust growth, with a high concentration of shipments from top exporting countries including USA, Trinidad and Tobago, China, Jamaica, and the UK. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained very high, indicating limited competition. The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 38.8%, showcasing the increasing demand for foundry binders in Grenada. Moreover, the growth rate from 2023 to 2024 was significant at 21.38%, underscoring the ongoing expansion of this market segment.
The Foundry Binders market in Grenada is projected to grow at a stable growth rate of 1.93% by 2027, highlighting the country's increasing focus on advanced technologies within the North America region, where United States of America holds the dominant position, followed closely by Canada, Trinidad and Tobago, Jamaica and Bahamas, shaping overall regional demand.

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 Foundry Binders Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Foundry Binders Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Foundry Binders Market - Industry Life Cycle |
3.4 Grenada Foundry Binders Market - Porter's Five Forces |
3.5 Grenada Foundry Binders Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Foundry Binders Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Foundry Binders Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Foundry Binders Market Trends |
6 Grenada Foundry Binders Market Segmentations |
6.1 Grenada Foundry Binders Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Foundry Binders Market Revenues & Volume, By Organic Binder, 2021-2031F |
6.1.3 Grenada Foundry Binders Market Revenues & Volume, By Inorganic Binder, 2021-2031F |
6.2 Grenada Foundry Binders Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Foundry Binders Market Revenues & Volume, By Paint, 2021-2031F |
6.2.3 Grenada Foundry Binders Market Revenues & Volume, By Resin, 2021-2031F |
6.2.4 Grenada Foundry Binders Market Revenues & Volume, By Chemical Industry, 2021-2031F |
6.2.5 Grenada Foundry Binders Market Revenues & Volume, By Other, 2021-2031F |
7 Grenada Foundry Binders Market Import-Export Trade Statistics |
7.1 Grenada Foundry Binders Market Export to Major Countries |
7.2 Grenada Foundry Binders Market Imports from Major Countries |
8 Grenada Foundry Binders Market Key Performance Indicators |
9 Grenada Foundry Binders Market - Opportunity Assessment |
9.1 Grenada Foundry Binders Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Foundry Binders Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Foundry Binders Market - Competitive Landscape |
10.1 Grenada Foundry Binders Market Revenue Share, By Companies, 2024 |
10.2 Grenada Foundry Binders 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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