| Product Code: ETC7382553 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada`s tire reinforcement materials import market continued to thrive with a notable CAGR of 16.89% from 2020 to 2024. Despite a slight decline in growth rate from 2023 to 2024 (-8.73%), the market remained stable. The top exporting countries to Grenada in 2024 included the USA, China, UK, Puerto Rico, and other unspecified areas. The high Herfindahl-Hirschman Index (HHI) indicates a concentration of imports among these key players, suggesting a competitive landscape. Grenada`s reliance on these countries highlights strong trade partnerships in the tire reinforcement materials sector.
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 Tire Reinforcement Materials Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Tire Reinforcement Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Tire Reinforcement Materials Market - Industry Life Cycle |
3.4 Grenada Tire Reinforcement Materials Market - Porter's Five Forces |
3.5 Grenada Tire Reinforcement Materials Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Tire Reinforcement Materials Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Tire Reinforcement Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and fuel-efficient vehicles driving the need for advanced tire reinforcement materials. |
4.2.2 Growing automotive industry in Grenada leading to higher tire production and consumption. |
4.2.3 Technological advancements in tire reinforcement materials improving tire performance and durability. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the manufacturing cost of tire reinforcement materials. |
4.3.2 Limited availability of skilled labor for the production of specialized tire reinforcement materials. |
4.3.3 Stringent regulations related to environmental sustainability and waste management affecting material choices and production processes. |
5 Grenada Tire Reinforcement Materials Market Trends |
6 Grenada Tire Reinforcement Materials Market, By Types |
6.1 Grenada Tire Reinforcement Materials Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Tire Reinforcement Materials Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Tire Reinforcement Materials Market Revenues & Volume, By Steel Cord, 2021- 2031F |
6.1.4 Grenada Tire Reinforcement Materials Market Revenues & Volume, By Polyester Cord, 2021- 2031F |
6.2 Grenada Tire Reinforcement Materials Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Tire Reinforcement Materials Market Revenues & Volume, By Tire Manufacturing, 2021- 2031F |
7 Grenada Tire Reinforcement Materials Market Import-Export Trade Statistics |
7.1 Grenada Tire Reinforcement Materials Market Export to Major Countries |
7.2 Grenada Tire Reinforcement Materials Market Imports from Major Countries |
8 Grenada Tire Reinforcement Materials Market Key Performance Indicators |
8.1 Research and development investment in innovative tire reinforcement materials. |
8.2 Adoption rate of advanced tire reinforcement materials by local tire manufacturers. |
8.3 Percentage of tires using eco-friendly reinforcement materials in the market. |
8.4 Efficiency in production processes leading to cost reduction in tire reinforcement material manufacturing. |
9 Grenada Tire Reinforcement Materials Market - Opportunity Assessment |
9.1 Grenada Tire Reinforcement Materials Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Tire Reinforcement Materials Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Tire Reinforcement Materials Market - Competitive Landscape |
10.1 Grenada Tire Reinforcement Materials Market Revenue Share, By Companies, 2024 |
10.2 Grenada Tire Reinforcement Materials 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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