| Product Code: ETC5650791 | 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 friction modifiers in 2024 continued to be dominated by top exporting countries including the USA, Saint Lucia, Trinidad and Tobago, Netherlands, and Areas, nes. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. However, the compound annual growth rate (CAGR) from 2020 to 2024 saw a decline of -14.29%, with a significant growth rate decrease of -25.8% from 2023 to 2024. This suggests a challenging environment for friction modifier imports in Grenada, potentially impacted by various economic factors and 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 Friction Modifiers Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Friction Modifiers Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Friction Modifiers Market - Industry Life Cycle |
3.4 Grenada Friction Modifiers Market - Porter's Five Forces |
3.5 Grenada Friction Modifiers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Friction Modifiers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Friction Modifiers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient vehicles driving the need for friction modifiers in Grenada. |
4.2.2 Growing awareness about the benefits of using friction modifiers to enhance engine performance and efficiency. |
4.2.3 Expansion of industries like automotive and manufacturing in Grenada leading to higher demand for friction modifiers. |
4.3 Market Restraints |
4.3.1 High initial investment required for developing and implementing friction modifier technologies. |
4.3.2 Limited availability of skilled professionals in Grenada for the research and development of advanced friction modifiers. |
5 Grenada Friction Modifiers Market Trends |
6 Grenada Friction Modifiers Market Segmentations |
6.1 Grenada Friction Modifiers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Friction Modifiers Market Revenues & Volume, By Organic , 2021-2031F |
6.1.3 Grenada Friction Modifiers Market Revenues & Volume, By Inorganic, 2021-2031F |
6.2 Grenada Friction Modifiers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Friction Modifiers Market Revenues & Volume, By Transportation Lubricants, 2021-2031F |
6.2.3 Grenada Friction Modifiers Market Revenues & Volume, By Industrial Lubricants, 2021-2031F |
7 Grenada Friction Modifiers Market Import-Export Trade Statistics |
7.1 Grenada Friction Modifiers Market Export to Major Countries |
7.2 Grenada Friction Modifiers Market Imports from Major Countries |
8 Grenada Friction Modifiers Market Key Performance Indicators |
8.1 Average percentage increase in the adoption of friction modifiers by industries in Grenada. |
8.2 Rate of technological advancements in friction modifiers specific to the Grenada market. |
8.3 Percentage increase in fuel efficiency achieved through the use of friction modifiers in Grenada. |
9 Grenada Friction Modifiers Market - Opportunity Assessment |
9.1 Grenada Friction Modifiers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Friction Modifiers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Friction Modifiers Market - Competitive Landscape |
10.1 Grenada Friction Modifiers Market Revenue Share, By Companies, 2024 |
10.2 Grenada Friction Modifiers 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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