| Product Code: ETC5748280 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s glass insulation import market continued to see strong growth in 2024, with top exporting countries being the USA, China, Trinidad and Tobago, Canada, and Lebanon. Despite a high concentration of Herfindahl-Hirschman Index (HHI) in 2023, the market remained competitive with a slightly lower HHI concentration in 2024. The compound annual growth rate (CAGR) for the period 2020-2024 was -4.08%, indicating a slight decline, while the growth rate from 2023 to 2024 surged impressively by 141.02%, reflecting a significant uptick in demand and trade activity in the glass insulation sector.
The glass insulation market involves the use of glass-based products to provide thermal and acoustic insulation. This is critical in Grenadas construction and energy sectors, where energy efficiency and soundproofing are increasingly prioritized.
The glass insulation market in Grenada is driven by the growing construction and real estate sectors, as well as the increasing emphasis on energy efficiency and sustainability in buildings. Glass insulation is recognized for its excellent thermal and acoustic properties, making it an ideal choice for both residential and commercial buildings in Grenada`s warm climate. As consumers and businesses become more energy-conscious, the demand for insulation materials that help reduce energy consumption is rising. Additionally, the adoption of green building standards and regulations that encourage the use of energy-efficient materials is also driving the demand for glass insulation.
The Grenada glass insulation market encounters challenges due to the high cost of production and the lack of widespread awareness regarding the benefits of glass insulation over alternative materials. Limited local manufacturing capabilities for glass insulation also lead to reliance on imports, raising prices. Moreover, the market faces stiff competition from cheaper insulation materials such as foam, which may offer similar thermal and acoustic properties but at a lower cost.
The glass insulation market in Grenada is linked to the countrys focus on energy efficiency and sustainable building practices. The government has implemented building codes that encourage the use of energy-efficient materials, including glass insulation, in both residential and commercial construction. Grenadas tropical climate further supports the use of glass insulation to improve temperature control in buildings, reducing the reliance on air conditioning. The market benefits from both local manufacturing and imported products, with government policies favoring green building materials and sustainable construction practices.
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 Glass Insulation Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Glass Insulation Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Glass Insulation Market - Industry Life Cycle |
3.4 Grenada Glass Insulation Market - Porter's Five Forces |
3.5 Grenada Glass Insulation Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Glass Insulation Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Glass Insulation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency in buildings |
4.2.2 Growing construction industry in Grenada |
4.2.3 Government regulations promoting sustainable building practices |
4.3 Market Restraints |
4.3.1 High initial cost of glass insulation materials |
4.3.2 Limited awareness and adoption of glass insulation products |
4.3.3 Availability of alternative insulation materials |
5 Grenada Glass Insulation Market Trends |
6 Grenada Glass Insulation Market Segmentations |
6.1 Grenada Glass Insulation Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Glass Insulation Market Revenues & Volume, By Insulating Glass Unit, 2021-2031F |
6.1.3 Grenada Glass Insulation Market Revenues & Volume, By Glass Wool, 2021-2031F |
6.1.4 Grenada Glass Insulation Market Revenues & Volume, By Cellular Glass, 2021-2031F |
6.2 Grenada Glass Insulation Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Glass Insulation Market Revenues & Volume, By Non-Residential Construction, 2021-2031F |
6.2.3 Grenada Glass Insulation Market Revenues & Volume, By Residential Construction, 2021-2031F |
6.2.4 Grenada Glass Insulation Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Grenada Glass Insulation Market Revenues & Volume, By HVAC, 2021-2031F |
7 Grenada Glass Insulation Market Import-Export Trade Statistics |
7.1 Grenada Glass Insulation Market Export to Major Countries |
7.2 Grenada Glass Insulation Market Imports from Major Countries |
8 Grenada Glass Insulation Market Key Performance Indicators |
8.1 Energy savings achieved through glass insulation installations |
8.2 Number of new construction projects incorporating glass insulation |
8.3 Percentage increase in government incentives for sustainable building practices |
8.4 Number of training programs or workshops on the benefits of glass insulation |
8.5 Percentage growth in the use of recycled glass in insulation products |
9 Grenada Glass Insulation Market - Opportunity Assessment |
9.1 Grenada Glass Insulation Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Glass Insulation Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Glass Insulation Market - Competitive Landscape |
10.1 Grenada Glass Insulation Market Revenue Share, By Companies, 2024 |
10.2 Grenada Glass Insulation 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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