| Product Code: ETC5695745 | 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 |
In 2024, Grenada continued to see a significant influx of industrial gaskets imports, with the top exporting countries being the USA, China, Trinidad and Tobago, UAE, and Netherlands. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 13.64% from 2020 to 2024 highlights strong growth in the industry. Moreover, the remarkable growth rate of 36.91% from 2023 to 2024 suggests a rapid acceleration in import demand for industrial gaskets in Grenada.
The industrial gaskets market in Grenada is growing, driven by the expanding industrial sector and the need for sealing solutions in critical systems such as pipelines, machinery, and engines. Gaskets are essential for preventing leaks and ensuring the safety of equipment. As industries expand and maintenance requirements increase, the demand for gaskets remains high.
In Grenada, the industrial gaskets market is influenced by the demand for sealing solutions in industries like petrochemicals, automotive, and power generation. The need for durable, heat-resistant, and leak-proof gaskets for various industrial applications drives market growth.
The Grenada industrial gaskets market faces challenges related to limited local production capacity, leading to reliance on imports. There are also issues with quality control and counterfeit products, which can undermine trust in local suppliers. Additionally, the market is hindered by fluctuating raw material prices, which directly impact the pricing of gaskets and can make them less competitive in price-sensitive industries.
The industrial gaskets market is regulated by government policies focused on ensuring safety and reliability in industrial applications. The government promotes the use of high-quality gaskets that meet international standards, with a focus on materials that improve energy efficiency and reduce environmental impact.
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 Industrial Gaskets Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Industrial Gaskets Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Industrial Gaskets Market - Industry Life Cycle |
3.4 Grenada Industrial Gaskets Market - Porter's Five Forces |
3.5 Grenada Industrial Gaskets Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 Grenada Industrial Gaskets Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Grenada Industrial Gaskets Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Industrial Gaskets Market Trends |
6 Grenada Industrial Gaskets Market Segmentations |
6.1 Grenada Industrial Gaskets Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Industrial Gaskets Market Revenues & Volume, By Semi-metallic, 2021-2031F |
6.1.3 Grenada Industrial Gaskets Market Revenues & Volume, By Non-metallic, 2021-2031F |
6.1.4 Grenada Industrial Gaskets Market Revenues & Volume, By Metallic, 2021-2031F |
6.2 Grenada Industrial Gaskets Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Industrial Gaskets Market Revenues & Volume, By Soft, 2021-2031F |
6.2.3 Grenada Industrial Gaskets Market Revenues & Volume, By Spiral Wound, 2021-2031F |
6.2.4 Grenada Industrial Gaskets Market Revenues & Volume, By Ring Joint, 2021-2031F |
6.2.5 Grenada Industrial Gaskets Market Revenues & Volume, By Kammprofile, 2021-2031F |
6.2.6 Grenada Industrial Gaskets Market Revenues & Volume, By Jacketed, 2021-2031F |
6.2.7 Grenada Industrial Gaskets Market Revenues & Volume, By Corrugated, 2021-2031F |
7 Grenada Industrial Gaskets Market Import-Export Trade Statistics |
7.1 Grenada Industrial Gaskets Market Export to Major Countries |
7.2 Grenada Industrial Gaskets Market Imports from Major Countries |
8 Grenada Industrial Gaskets Market Key Performance Indicators |
9 Grenada Industrial Gaskets Market - Opportunity Assessment |
9.1 Grenada Industrial Gaskets Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 Grenada Industrial Gaskets Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Grenada Industrial Gaskets Market - Competitive Landscape |
10.1 Grenada Industrial Gaskets Market Revenue Share, By Companies, 2024 |
10.2 Grenada Industrial Gaskets Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |