| Product Code: ETC4941146 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Maldives continued to import paints primarily from Singapore, UAE, Sri Lanka, India, and China. With a low Herfindahl-Hirschman Index (HHI) indicating a fragmented market, the competition remains diverse. The compound annual growth rate (CAGR) of 2.16% from 2020 to 2024 suggests steady but moderate growth in the sector. However, the negative growth rate of -4.56% from 2023 to 2024 indicates a recent slowdown, possibly due to various factors affecting demand or supply chain disruptions. Monitoring market trends and addressing challenges will be crucial for stakeholders in the Maldives paints import industry.

By 2027, Maldives's Paints market is forecasted to achieve a exponential growth rate of 15.15%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.

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 Paints Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Paints Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Paints Market - Industry Life Cycle |
3.4 Maldives Paints Market - Porter's Five Forces |
3.5 Maldives Paints Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.6 Maldives Paints Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Maldives Paints Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Maldives Paints Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Maldives Paints Market Trends |
6 Maldives Paints Market Segmentations |
6.1 Maldives Paints Market, By Resin |
6.1.1 Overview and Analysis |
6.1.2 Maldives Paints Market Revenues & Volume, By Acrylic, 2021-2031F |
6.1.3 Maldives Paints Market Revenues & Volume, By Alkyd, 2021-2031F |
6.1.4 Maldives Paints Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.5 Maldives Paints Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.1.6 Maldives Paints Market Revenues & Volume, By Polyester, 2021-2031F |
6.2 Maldives Paints Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Maldives Paints Market Revenues & Volume, By Waterborne, 2021-2031F |
6.2.3 Maldives Paints Market Revenues & Volume, By Solventborne, 2021-2031F |
6.2.4 Maldives Paints Market Revenues & Volume, By Powder, 2021-2031F |
6.3 Maldives Paints Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Maldives Paints Market Revenues & Volume, By Architectural, 2021-2031F |
6.3.3 Maldives Paints Market Revenues & Volume, By Industrial, 2021-2031F |
7 Maldives Paints Market Import-Export Trade Statistics |
7.1 Maldives Paints Market Export to Major Countries |
7.2 Maldives Paints Market Imports from Major Countries |
8 Maldives Paints Market Key Performance Indicators |
9 Maldives Paints Market - Opportunity Assessment |
9.1 Maldives Paints Market Opportunity Assessment, By Resin, 2021 & 2031F |
9.2 Maldives Paints Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Maldives Paints Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Maldives Paints Market - Competitive Landscape |
10.1 Maldives Paints Market Revenue Share, By Companies, 2024 |
10.2 Maldives Paints 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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