Product Code: ETC4913458 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Grenada Glass Mat Market is projected to witness mixed growth rate patterns during 2025 to 2029. Commencing at -1.96% in 2025, growth builds up to 4.06% by 2029.
The Glass Mat market in Grenada is projected to grow at a negative growth rate of -1.35% 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.
Glass mat is a type of reinforced material used in various applications, including roofing and insulation. The market for glass mat products is expanding in Grenada as the demand for durable and sustainable construction materials rises.
The glass mat market in Grenada is expanding due to the increasing use of glass fibers in the production of composite materials for automotive, construction, and industrial applications. Glass mats are valued for their lightweight, strength, and ability to provide consistent reinforcement in composite materials. As industries in Grenada, such as construction and automotive, continue to embrace composite materials for improved performance, the demand for glass mats is growing. Additionally, the rising interest in sustainable building materials and the increasing focus on reducing the environmental impact of traditional construction methods further contribute to the market`s growth.
In the Grenada glass mat market, the primary challenge is the limited demand due to the relatively small size of the local construction and automotive industries. The production of glass mats requires specialized equipment and expertise, which are often unavailable locally, leading to dependence on imports. Additionally, the cost of glass mats is higher compared to traditional materials, which discourages their adoption in cost-sensitive markets.
In Grenada, the glass mat market is growing as it finds applications in both the construction and automotive industries. Glass mats are used in composite materials, providing strength and durability without adding significant weight. The Grenadian government supports industries that invest in sustainable materials and energy-efficient technologies, and the demand for glass mats is partially driven by these initiatives. As Grenadas manufacturing sector continues to expand, the glass mat market is expected to see further growth, especially in sectors that prioritize eco-friendly and high-performance materials.
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 Mat Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Glass Mat Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Glass Mat Market - Industry Life Cycle |
3.4 Grenada Glass Mat Market - Porter's Five Forces |
3.5 Grenada Glass Mat Market Revenues & Volume Share, By Mat Type, 2021 & 2031F |
3.6 Grenada Glass Mat Market Revenues & Volume Share, By Binder Type, 2021 & 2031F |
3.7 Grenada Glass Mat Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.8 Grenada Glass Mat Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Grenada Glass Mat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Glass Mat Market Trends |
6 Grenada Glass Mat Market Segmentations |
6.1 Grenada Glass Mat Market, By Mat Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Glass Mat Market Revenues & Volume, By Chopped Strand Mat, 2021-2031F |
6.1.3 Grenada Glass Mat Market Revenues & Volume, By Continuous Filament Mat, 2021-2031F |
6.2 Grenada Glass Mat Market, By Binder Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Glass Mat Market Revenues & Volume, By Emulsion Bonded Glass Mat, 2021-2031F |
6.2.3 Grenada Glass Mat Market Revenues & Volume, By Powder Bonded Glass Mat, 2021-2031F |
6.3 Grenada Glass Mat Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Grenada Glass Mat Market Revenues & Volume, By Drywall Tape & Accessories, 2021-2031F |
6.3.3 Grenada Glass Mat Market Revenues & Volume, By Flooring Enforcement, 2021-2031F |
6.3.4 Grenada Glass Mat Market Revenues & Volume, By Wall Reinforcement, 2021-2031F |
6.3.5 Grenada Glass Mat Market Revenues & Volume, By Roofing And Waterproofing, 2021-2031F |
6.3.6 Grenada Glass Mat Market Revenues & Volume, By Insulation, 2021-2031F |
6.4 Grenada Glass Mat Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 Grenada Glass Mat Market Revenues & Volume, By Marine, 2021-2031F |
6.4.3 Grenada Glass Mat Market Revenues & Volume, By Construction, 2021-2031F |
6.4.4 Grenada Glass Mat Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.5 Grenada Glass Mat Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.6 Grenada Glass Mat Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Glass Mat Market Import-Export Trade Statistics |
7.1 Grenada Glass Mat Market Export to Major Countries |
7.2 Grenada Glass Mat Market Imports from Major Countries |
8 Grenada Glass Mat Market Key Performance Indicators |
9 Grenada Glass Mat Market - Opportunity Assessment |
9.1 Grenada Glass Mat Market Opportunity Assessment, By Mat Type, 2021 & 2031F |
9.2 Grenada Glass Mat Market Opportunity Assessment, By Binder Type, 2021 & 2031F |
9.3 Grenada Glass Mat Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.4 Grenada Glass Mat Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Grenada Glass Mat Market - Competitive Landscape |
10.1 Grenada Glass Mat Market Revenue Share, By Companies, 2024 |
10.2 Grenada Glass Mat Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |