| Product Code: ETC4856268 | Publication Date: Nov 2023 | Updated Date: Oct 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, Grenada continued to rely heavily on imports of argon gas, with Trinidad and Tobago, USA, and Areas, nes being the top exporting countries. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the compound annual growth rate (CAGR) from 2020 to 2024 was strong at 14.29%. However, there was a decline in growth rate from 2023 to 2024, indicating a slight contraction in the market. Grenada`s argon gas import market is showing signs of stability and maturity, albeit with some short-term challenges.
Grenada's Argon Gas market is anticipated to experience a stable growth rate of 2.34% by 2027, reflecting trends observed in the largest economy United States of America, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

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 Argon Gas Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Argon Gas Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Argon Gas Market - Industry Life Cycle |
3.4 Grenada Argon Gas Market - Porter's Five Forces |
3.5 Grenada Argon Gas Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
3.6 Grenada Argon Gas Market Revenues & Volume Share, By Storage, 2021 & 2031F |
3.7 Grenada Argon Gas Market Revenues & Volume Share, By Mixture, 2021 & 2031F |
3.8 Grenada Argon Gas Market Revenues & Volume Share, By Function, 2021 & 2031F |
4 Grenada Argon Gas Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Argon Gas Market Trends |
6 Grenada Argon Gas Market Segmentations |
6.1 Grenada Argon Gas Market, By End-Use Industry |
6.1.1 Overview and Analysis |
6.1.2 Grenada Argon Gas Market Revenues & Volume, By Metal manufacturing & fabrication, 2021-2031F |
6.1.3 Grenada Argon Gas Market Revenues & Volume, By Chemicals, 2021-2031F |
6.1.4 Grenada Argon Gas Market Revenues & Volume, By Energy, 2021-2031F |
6.1.5 Grenada Argon Gas Market Revenues & Volume, By Healthcare, 2021-2031F |
6.1.6 Grenada Argon Gas Market Revenues & Volume, By Electronics, 2021-2031F |
6.1.7 Grenada Argon Gas Market Revenues & Volume, By Food & beverage, 2021-2031F |
6.2 Grenada Argon Gas Market, By Storage |
6.2.1 Overview and Analysis |
6.2.2 Grenada Argon Gas Market Revenues & Volume, By Cylinder & packaged gas, 2021-2031F |
6.2.3 Grenada Argon Gas Market Revenues & Volume, By Merchant liquid/bulk, 2021-2031F |
6.2.4 Grenada Argon Gas Market Revenues & Volume, By Tonnage, 2021-2031F |
6.3 Grenada Argon Gas Market, By Mixture |
6.3.1 Overview and Analysis |
6.3.2 Grenada Argon Gas Market Revenues & Volume, By Argon-carbon dioxide, 2021-2031F |
6.3.3 Grenada Argon Gas Market Revenues & Volume, By Argon-oxygen, 2021-2031F |
6.3.4 Grenada Argon Gas Market Revenues & Volume, By Argon-Helium, 2021-2031F |
6.3.5 Grenada Argon Gas Market Revenues & Volume, By Argon-Hydrogen, 2021-2031F |
6.3.6 Grenada Argon Gas Market Revenues & Volume, By Others (argon-helium-carbon dioxide mixtures), 2021-2031F |
6.4 Grenada Argon Gas Market, By Function |
6.4.1 Overview and Analysis |
6.4.2 Grenada Argon Gas Market Revenues & Volume, By Insulation, 2021-2031F |
6.4.3 Grenada Argon Gas Market Revenues & Volume, By Illumination, 2021-2031F |
6.4.4 Grenada Argon Gas Market Revenues & Volume, By Cooling, 2021-2031F |
7 Grenada Argon Gas Market Import-Export Trade Statistics |
7.1 Grenada Argon Gas Market Export to Major Countries |
7.2 Grenada Argon Gas Market Imports from Major Countries |
8 Grenada Argon Gas Market Key Performance Indicators |
9 Grenada Argon Gas Market - Opportunity Assessment |
9.1 Grenada Argon Gas Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
9.2 Grenada Argon Gas Market Opportunity Assessment, By Storage, 2021 & 2031F |
9.3 Grenada Argon Gas Market Opportunity Assessment, By Mixture, 2021 & 2031F |
9.4 Grenada Argon Gas Market Opportunity Assessment, By Function, 2021 & 2031F |
10 Grenada Argon Gas Market - Competitive Landscape |
10.1 Grenada Argon Gas Market Revenue Share, By Companies, 2024 |
10.2 Grenada Argon Gas 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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