| Product Code: ETC5324053 | 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 continued to rely on imports of synthetic resins in 2024, with top exporters being China, Malaysia, Sri Lanka, Turkey, and the UAE. The market displayed high concentration levels, as indicated by the high Herfindahl-Hirschman Index (HHI). However, the industry experienced a negative compound annual growth rate (CAGR) of -7.82% from 2020 to 2024, with a sharp decline in growth rate from 2023 to 2024 at -64.86%. These trends suggest a challenging landscape for synthetic resins imports in Maldives, potentially influenced by various economic factors impacting the market.

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 Synthetic Resins Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Synthetic Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Synthetic Resins Market - Industry Life Cycle |
3.4 Maldives Synthetic Resins Market - Porter's Five Forces |
3.5 Maldives Synthetic Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Maldives Synthetic Resins Market Revenues & Volume Share, By Product, 2021 & 2031F |
4 Maldives Synthetic Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in construction and infrastructure projects in the Maldives leading to increased demand for synthetic resins |
4.2.2 Rising awareness and adoption of eco-friendly and sustainable resins in the market |
4.2.3 Increasing investments in the tourism sector driving the need for high-quality synthetic resins for applications such as coatings and laminates |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the overall production cost of synthetic resins |
4.3.2 Competition from alternative materials like natural resins or bio-based resins affecting market penetration |
5 Maldives Synthetic Resins Market Trends |
6 Maldives Synthetic Resins Market Segmentations |
6.1 Maldives Synthetic Resins Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Maldives Synthetic Resins Market Revenues & Volume, By Packaging, 2021-2031F |
6.1.3 Maldives Synthetic Resins Market Revenues & Volume, By Building Supplies, 2021-2031F |
6.1.4 Maldives Synthetic Resins Market Revenues & Volume, By Automotive, 2021-2031F |
6.1.5 Maldives Synthetic Resins Market Revenues & Volume, By Electronics, 2021-2031F |
6.2 Maldives Synthetic Resins Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Maldives Synthetic Resins Market Revenues & Volume, By Thermoplastic Resins, 2021-2031F |
6.2.3 Maldives Synthetic Resins Market Revenues & Volume, By Thermosetting Resin, 2021-2031F |
7 Maldives Synthetic Resins Market Import-Export Trade Statistics |
7.1 Maldives Synthetic Resins Market Export to Major Countries |
7.2 Maldives Synthetic Resins Market Imports from Major Countries |
8 Maldives Synthetic Resins Market Key Performance Indicators |
8.1 Research and development investment in new resin technologies |
8.2 Environmental certifications or sustainability ratings for synthetic resin products |
8.3 Adoption rate of synthetic resins in key industries such as construction, automotive, and marine applications |
9 Maldives Synthetic Resins Market - Opportunity Assessment |
9.1 Maldives Synthetic Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Maldives Synthetic Resins Market Opportunity Assessment, By Product, 2021 & 2031F |
10 Maldives Synthetic Resins Market - Competitive Landscape |
10.1 Maldives Synthetic Resins Market Revenue Share, By Companies, 2024 |
10.2 Maldives Synthetic Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |