| Product Code: ETC5016666 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | 
In 2024, Grenada continued to rely heavily on imports of laboratory chemicals, with the USA, Puerto Rico, Trinidad and Tobago, Barbados, and India being the top exporting countries. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a negative compound annual growth rate (CAGR) of -3.01% from 2020 to 2024. However, there was a slight improvement in the growth rate from 2023 to 2024, with a 3.19% increase, suggesting a potential turnaround in the market.
The laboratory chemicals market in Grenada is experiencing growth as industries such as pharmaceuticals, agriculture, and environmental science rely on specialized chemicals for research and testing. Laboratory chemicals play a crucial role in scientific analysis, experimentation, and product development. With Grenada`s focus on enhancing its healthcare and research sectors, the demand for laboratory chemicals is expected to increase, especially with the rise in research and diagnostics services, as well as educational institutions offering scientific programs.
The Grenada Laboratory Chemicals Market is expanding as the demand for chemicals in research, education, and industrial applications increases. Laboratory chemicals are critical in conducting experiments, analyses, and synthesis in diverse fields such as pharmaceuticals, biotechnology, and environmental testing. With Grenadas focus on scientific development and education, the market for high-purity and specialty laboratory chemicals is experiencing steady growth.
The Grenada Laboratory Chemicals market faces challenges due to the limited number of research institutions and universities that require a steady supply of chemicals. Many chemicals must be imported, leading to higher costs and potential delays in delivery. Regulatory barriers, including import permits and quality controls, also add complexity to the market.
Grenadas focus on enhancing scientific research and education positively influences the laboratory chemicals market. Policies promoting STEM education and funding for research institutions ensure a steady demand for laboratory chemicals. Environmental regulations govern the safe handling and disposal of these substances.
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 Laboratory Chemicals Market Overview  | 
3.1 Grenada Country Macro Economic Indicators  | 
3.2 Grenada Laboratory Chemicals Market Revenues & Volume, 2021 & 2031F  | 
3.3 Grenada Laboratory Chemicals Market - Industry Life Cycle  | 
3.4 Grenada Laboratory Chemicals Market - Porter's Five Forces  | 
3.5 Grenada Laboratory Chemicals Market Revenues & Volume Share, By Type, 2021 & 2031F  | 
3.6 Grenada Laboratory Chemicals Market Revenues & Volume Share, By Application, 2021 & 2031F  | 
3.7 Grenada Laboratory Chemicals Market Revenues & Volume Share, By End-User, 2021 & 2031F  | 
4 Grenada Laboratory Chemicals Market Dynamics  | 
4.1 Impact Analysis  | 
4.2 Market Drivers  | 
4.3 Market Restraints  | 
5 Grenada Laboratory Chemicals Market Trends  | 
6 Grenada Laboratory Chemicals Market Segmentations  | 
6.1 Grenada Laboratory Chemicals Market, By Type  | 
6.1.1 Overview and Analysis  | 
6.1.2 Grenada Laboratory Chemicals Market Revenues & Volume, By Molecular Biology, 2021-2031F  | 
6.1.3 Grenada Laboratory Chemicals Market Revenues & Volume, By Cytokine and Chemokine Testing, 2021-2031F  | 
6.1.4 Grenada Laboratory Chemicals Market Revenues & Volume, By Carbohydrate Analysis, 2021-2031F  | 
6.1.5 Grenada Laboratory Chemicals Market Revenues & Volume, By Others, 2021-2031F  | 
6.2 Grenada Laboratory Chemicals Market, By Application  | 
6.2.1 Overview and Analysis  | 
6.2.2 Grenada Laboratory Chemicals Market Revenues & Volume, By Academic, 2021-2031F  | 
6.2.3 Grenada Laboratory Chemicals Market Revenues & Volume, By R&D, 2021-2031F  | 
6.2.4 Grenada Laboratory Chemicals Market Revenues & Volume, By Quality Control, 2021-2031F  | 
6.2.5 Grenada Laboratory Chemicals Market Revenues & Volume, By Others, 2021-2031F  | 
6.3 Grenada Laboratory Chemicals Market, By End-User  | 
6.3.1 Overview and Analysis  | 
6.3.2 Grenada Laboratory Chemicals Market Revenues & Volume, By Pharmaceutical Companies, 2021-2031F  | 
7 Grenada Laboratory Chemicals Market Import-Export Trade Statistics  | 
7.1 Grenada Laboratory Chemicals Market Export to Major Countries  | 
7.2 Grenada Laboratory Chemicals Market Imports from Major Countries  | 
8 Grenada Laboratory Chemicals Market Key Performance Indicators  | 
9 Grenada Laboratory Chemicals Market - Opportunity Assessment  | 
9.1 Grenada Laboratory Chemicals Market Opportunity Assessment, By Type, 2021 & 2031F  | 
9.2 Grenada Laboratory Chemicals Market Opportunity Assessment, By Application, 2021 & 2031F  | 
9.3 Grenada Laboratory Chemicals Market Opportunity Assessment, By End-User, 2021 & 2031F  | 
10 Grenada Laboratory Chemicals Market - Competitive Landscape  | 
10.1 Grenada Laboratory Chemicals Market Revenue Share, By Companies, 2024  | 
10.2 Grenada Laboratory Chemicals Market Competitive Benchmarking, By Operating and Technical Parameters  | 
11 Company Profiles  | 
12 Recommendations  | 13 Disclaimer  |