| Product Code: ETC5714897 | 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 FRP tanks in 2024 continued to be dominated by key exporting countries, including the USA, UAE, Trinidad and Tobago, China, and the UK. The market displayed a high level of concentration, with the Herfindahl-Hirschman Index (HHI) remaining notably elevated throughout the year. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a strong 12.2%, indicating sustained market expansion. Although the growth rate experienced a slight dip from 2023 to 2024, at 0.77%, the overall trend suggests a positive trajectory for the industry.
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 FRP Tank Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada FRP Tank Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada FRP Tank Market - Industry Life Cycle |
3.4 Grenada FRP Tank Market - Porter's Five Forces |
3.5 Grenada FRP Tank Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Grenada FRP Tank Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.7 Grenada FRP Tank Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada FRP Tank Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable storage solutions |
4.2.2 Growing awareness about the benefits of using FRP tanks over traditional materials |
4.2.3 Government initiatives promoting the use of eco-friendly and corrosion-resistant products |
4.3 Market Restraints |
4.3.1 High initial investment cost for FRP tanks compared to other materials |
4.3.2 Limited awareness among end-users about the advantages of FRP tanks |
4.3.3 Challenges related to proper installation and maintenance of FRP tanks |
5 Grenada FRP Tank Market Trends |
6 Grenada FRP Tank Market Segmentations |
6.1 Grenada FRP Tank Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada FRP Tank Market Revenues & Volume, By Polyester & Epoxy, 2021-2031F |
6.2 Grenada FRP Tank Market, By Fiber Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada FRP Tank Market Revenues & Volume, By Carbon , 2021-2031F |
6.2.3 Grenada FRP Tank Market Revenues & Volume, By Glass, 2021-2031F |
6.3 Grenada FRP Tank Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada FRP Tank Market Revenues & Volume, By Water & Waste Water Treatment, 2021-2031F |
6.3.3 Grenada FRP Tank Market Revenues & Volume, By Chemical, 2021-2031F |
6.3.4 Grenada FRP Tank Market Revenues & Volume, By Oil , 2021-2031F |
6.3.5 Grenada FRP Tank Market Revenues & Volume, By Gas, 2021-2031F |
6.3.6 Grenada FRP Tank Market Revenues & Volume, By Pulp & Paper, 2021-2031F |
6.3.7 Grenada FRP Tank Market Revenues & Volume, By Power, 2021-2031F |
7 Grenada FRP Tank Market Import-Export Trade Statistics |
7.1 Grenada FRP Tank Market Export to Major Countries |
7.2 Grenada FRP Tank Market Imports from Major Countries |
8 Grenada FRP Tank Market Key Performance Indicators |
8.1 Number of new installations of FRP tanks in Grenada |
8.2 Percentage increase in the adoption of FRP tanks over traditional materials |
8.3 Rate of customer satisfaction with FRP tank performance and durability |
9 Grenada FRP Tank Market - Opportunity Assessment |
9.1 Grenada FRP Tank Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Grenada FRP Tank Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.3 Grenada FRP Tank Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada FRP Tank Market - Competitive Landscape |
10.1 Grenada FRP Tank Market Revenue Share, By Companies, 2024 |
10.2 Grenada FRP Tank 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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