| Product Code: ETC5380155 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to heavily rely on imports of UV curable coatings, with the USA, Dominican Republic, China, Trinidad and Tobago, and other areas being the top exporters. Despite a concerning high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a significant decline with a negative compound annual growth rate (CAGR) of -5.27% from 2020 to 2024. The growth rate in 2024 plummeted by -29.69%, reflecting potential challenges and shifts in the market dynamics for UV curable coatings in Grenada.
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 UV Curable Coatings Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada UV Curable Coatings Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada UV Curable Coatings Market - Industry Life Cycle |
3.4 Grenada UV Curable Coatings Market - Porter's Five Forces |
3.5 Grenada UV Curable Coatings Market Revenues & Volume Share, By Composition, 2021 & 2031F |
3.6 Grenada UV Curable Coatings Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Grenada UV Curable Coatings Market Revenues & Volume Share, By End use, 2021 & 2031F |
4 Grenada UV Curable Coatings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly coatings |
4.2.2 Growing awareness about the benefits of UV curable coatings |
4.2.3 Advancements in technology leading to improved UV curable coating formulations |
4.3 Market Restraints |
4.3.1 High initial investment required for UV curing equipment |
4.3.2 Limited availability of raw materials for UV curable coatings |
4.3.3 Stringent regulations and compliance requirements for chemicals used in coatings |
5 Grenada UV Curable Coatings Market Trends |
6 Grenada UV Curable Coatings Market Segmentations |
6.1 Grenada UV Curable Coatings Market, By Composition |
6.1.1 Overview and Analysis |
6.1.2 Grenada UV Curable Coatings Market Revenues & Volume, By Oligomers, 2021-2031F |
6.1.3 Grenada UV Curable Coatings Market Revenues & Volume, By Monomers, 2021-2031F |
6.1.4 Grenada UV Curable Coatings Market Revenues & Volume, By Photoinitiators, 2021-2031F |
6.1.5 Grenada UV Curable Coatings Market Revenues & Volume, By PU Dispersions, 2021-2031F |
6.1.6 Grenada UV Curable Coatings Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada UV Curable Coatings Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada UV Curable Coatings Market Revenues & Volume, By Wood Coatings, 2021-2031F |
6.2.3 Grenada UV Curable Coatings Market Revenues & Volume, By Plastic Coatings, 2021-2031F |
6.2.4 Grenada UV Curable Coatings Market Revenues & Volume, By Over Print Varnish, 2021-2031F |
6.2.5 Grenada UV Curable Coatings Market Revenues & Volume, By Display Coatings, 2021-2031F |
6.2.6 Grenada UV Curable Coatings Market Revenues & Volume, By Conformal Coatings, 2021-2031F |
6.2.7 Grenada UV Curable Coatings Market Revenues & Volume, By Paper Coatings, 2021-2031F |
6.3 Grenada UV Curable Coatings Market, By End use |
6.3.1 Overview and Analysis |
6.3.2 Grenada UV Curable Coatings Market Revenues & Volume, By Industrial Coatings, 2021-2031F |
6.3.3 Grenada UV Curable Coatings Market Revenues & Volume, By Electronics, 2021-2031F |
6.3.4 Grenada UV Curable Coatings Market Revenues & Volume, By Graphic Arts, 2021-2031F |
7 Grenada UV Curable Coatings Market Import-Export Trade Statistics |
7.1 Grenada UV Curable Coatings Market Export to Major Countries |
7.2 Grenada UV Curable Coatings Market Imports from Major Countries |
8 Grenada UV Curable Coatings Market Key Performance Indicators |
8.1 Energy efficiency of UV curing process |
8.2 Rate of adoption of UV curable coatings in different industries |
8.3 Research and development investments in UV curable coating technologies |
9 Grenada UV Curable Coatings Market - Opportunity Assessment |
9.1 Grenada UV Curable Coatings Market Opportunity Assessment, By Composition, 2021 & 2031F |
9.2 Grenada UV Curable Coatings Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Grenada UV Curable Coatings Market Opportunity Assessment, By End use, 2021 & 2031F |
10 Grenada UV Curable Coatings Market - Competitive Landscape |
10.1 Grenada UV Curable Coatings Market Revenue Share, By Companies, 2024 |
10.2 Grenada UV Curable Coatings 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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