| Product Code: ETC8159911 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Maldives continues to rely on solvent imports, with top suppliers in 2024 being Sri Lanka, UAE, Singapore, India, and South Korea. The market remains concentrated, with a high Herfindahl-Hirschman Index (HHI) in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 is an impressive 22.1%, showcasing a strong demand for solvents in the Maldives. Despite a slight decline in growth rate from 2023 to 2024, the market is expected to continue its upward trajectory, driven by consistent imports from key exporting countries.

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 Solvent Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Solvent Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Solvent Market - Industry Life Cycle |
3.4 Maldives Solvent Market - Porter's Five Forces |
3.5 Maldives Solvent Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Maldives Solvent Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Maldives Solvent Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Maldives Solvent Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Maldives Solvent Market Trends |
6 Maldives Solvent Market, By Types |
6.1 Maldives Solvent Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Maldives Solvent Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Maldives Solvent Market Revenues & Volume, By Alcohols, 2021- 2031F |
6.1.4 Maldives Solvent Market Revenues & Volume, By Hydrocarbons, 2021- 2031F |
6.1.5 Maldives Solvent Market Revenues & Volume, By Ketones, 2021- 2031F |
6.1.6 Maldives Solvent Market Revenues & Volume, By Esters, 2021- 2031F |
6.1.7 Maldives Solvent Market Revenues & Volume, By Chlorinated, 2021- 2031F |
6.1.8 Maldives Solvent Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Maldives Solvent Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Maldives Solvent Market Revenues & Volume, By Petrochemical-based, 2021- 2031F |
6.2.3 Maldives Solvent Market Revenues & Volume, By Bio and Green, 2021- 2031F |
6.3 Maldives Solvent Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Maldives Solvent Market Revenues & Volume, By Paints and Coatings, 2021- 2031F |
6.3.3 Maldives Solvent Market Revenues & Volume, By Printing Inks, 2021- 2031F |
6.3.4 Maldives Solvent Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.3.5 Maldives Solvent Market Revenues & Volume, By Cosmetics and Adhesives, 2021- 2031F |
6.3.6 Maldives Solvent Market Revenues & Volume, By Others, 2021- 2031F |
7 Maldives Solvent Market Import-Export Trade Statistics |
7.1 Maldives Solvent Market Export to Major Countries |
7.2 Maldives Solvent Market Imports from Major Countries |
8 Maldives Solvent Market Key Performance Indicators |
9 Maldives Solvent Market - Opportunity Assessment |
9.1 Maldives Solvent Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Maldives Solvent Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Maldives Solvent Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Maldives Solvent Market - Competitive Landscape |
10.1 Maldives Solvent Market Revenue Share, By Companies, 2024 |
10.2 Maldives Solvent 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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