| Product Code: ETC5712527 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Maldives` import shipments of GFRP composites in 2024 continued to be dominated by key players such as China, India, Sri Lanka, Thailand, and Singapore. The High Herfindahl-Hirschman Index (HHI) indicates a high level of market concentration, with these top countries maintaining a strong presence. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 5.76%, showcasing steady growth in the market. Notably, the growth rate from 2023 to 2024 surged to 13.39%, signaling a potential acceleration in the demand for GFRP composites in Maldives.

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 Maldives GFRP Composites Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives GFRP Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives GFRP Composites Market - Industry Life Cycle |
3.4 Maldives GFRP Composites Market - Porter's Five Forces |
3.5 Maldives GFRP Composites Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
3.6 Maldives GFRP Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Maldives GFRP Composites Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 Maldives GFRP Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable materials in the construction and infrastructure sectors. |
4.2.2 Growing adoption of GFRP composites in marine and automotive industries due to their corrosion resistance properties. |
4.2.3 Government initiatives promoting the use of sustainable and eco-friendly materials in Maldives. |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up GFRP composite manufacturing facilities. |
4.3.2 Limited availability of skilled labor for GFRP composite production. |
4.3.3 Fluctuating raw material prices impacting the overall production cost. |
5 Maldives GFRP Composites Market Trends |
6 Maldives GFRP Composites Market Segmentations |
6.1 Maldives GFRP Composites Market, By End Use Industry |
6.1.1 Overview and Analysis |
6.1.2 Maldives GFRP Composites Market Revenues & Volume, By Transportation, 2021-2031F |
6.1.3 Maldives GFRP Composites Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.2 Maldives GFRP Composites Market, By Resin Type |
6.2.1 Overview and Analysis |
6.2.2 Maldives GFRP Composites Market Revenues & Volume, By Epoxy, 2021-2031F |
6.2.3 Maldives GFRP Composites Market Revenues & Volume, By Polyester, 2021-2031F |
6.2.4 Maldives GFRP Composites Market Revenues & Volume, By Vinyl Ester, 2021-2031F |
6.3 Maldives GFRP Composites Market, By Manufacturing Process |
6.3.1 Overview and Analysis |
6.3.2 Maldives GFRP Composites Market Revenues & Volume, By Compression & Injection Molding, 2021-2031F |
6.3.3 Maldives GFRP Composites Market Revenues & Volume, By RTM/VARTM, 2021-2031F |
6.3.4 Maldives GFRP Composites Market Revenues & Volume, By Layup, 2021-2031F |
7 Maldives GFRP Composites Market Import-Export Trade Statistics |
7.1 Maldives GFRP Composites Market Export to Major Countries |
7.2 Maldives GFRP Composites Market Imports from Major Countries |
8 Maldives GFRP Composites Market Key Performance Indicators |
8.1 Percentage of new construction projects in Maldives utilizing GFRP composites. |
8.2 Number of partnerships and collaborations between GFRP composite manufacturers and local businesses in Maldives. |
8.3 Rate of adoption of GFRP composites in different industries within Maldives. |
8.4 Average lead time for GFRP composite product development and delivery in Maldives. |
8.5 Recycling rate of GFRP composites in Maldives. |
9 Maldives GFRP Composites Market - Opportunity Assessment |
9.1 Maldives GFRP Composites Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
9.2 Maldives GFRP Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.3 Maldives GFRP Composites Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
10 Maldives GFRP Composites Market - Competitive Landscape |
10.1 Maldives GFRP Composites Market Revenue Share, By Companies, 2024 |
10.2 Maldives GFRP Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |