| Product Code: ETC7371225 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a slight decline in growth rate from 2023 to 2024, Grenada`s gelcoat import market remains highly concentrated, with a significant increase in the Herfindahl-Hirschman Index (HHI). The top exporting countries, including Saint Lucia, USA, and Trinidad and Tobago, continue to dominate the market. With a strong compound annual growth rate (CAGR) of 10.92% from 2020 to 2024, the gelcoat import sector in Grenada shows promising long-term potential, attracting key players from various countries such as Saint Vincent and the Grenadines and the UK.
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 Gelcoat Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Gelcoat Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Gelcoat Market - Industry Life Cycle |
3.4 Grenada Gelcoat Market - Porter's Five Forces |
3.5 Grenada Gelcoat Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Grenada Gelcoat Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Grenada Gelcoat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for gelcoat in marine industry due to its superior properties such as corrosion resistance and durability. |
4.2.2 Increasing adoption of gelcoat in automotive sector for aesthetic appeal and protection of vehicle exteriors. |
4.2.3 Rising construction activities leading to higher demand for gelcoat in architectural applications. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of gelcoat. |
4.3.2 Environmental concerns regarding the use and disposal of gelcoat chemicals. |
4.3.3 Intense competition from alternative coating solutions affecting market penetration. |
5 Grenada Gelcoat Market Trends |
6 Grenada Gelcoat Market, By Types |
6.1 Grenada Gelcoat Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Gelcoat Market Revenues & Volume, By Resin Type, 2021- 2031F |
6.1.3 Grenada Gelcoat Market Revenues & Volume, By Polyester, 2021- 2031F |
6.1.4 Grenada Gelcoat Market Revenues & Volume, By Vinyl Ester, 2021- 2031F |
6.1.5 Grenada Gelcoat Market Revenues & Volume, By Epoxy, 2021- 2031F |
6.1.6 Grenada Gelcoat Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Gelcoat Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 Grenada Gelcoat Market Revenues & Volume, By Marine, 2021- 2031F |
6.2.3 Grenada Gelcoat Market Revenues & Volume, By Wind Energy, 2021- 2031F |
6.2.4 Grenada Gelcoat Market Revenues & Volume, By Transportation, 2021- 2031F |
6.2.5 Grenada Gelcoat Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.6 Grenada Gelcoat Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Gelcoat Market Import-Export Trade Statistics |
7.1 Grenada Gelcoat Market Export to Major Countries |
7.2 Grenada Gelcoat Market Imports from Major Countries |
8 Grenada Gelcoat Market Key Performance Indicators |
8.1 Rate of new product development and innovation in grenada gelcoat market. |
8.2 Customer satisfaction levels and feedback on the performance of gelcoat products. |
8.3 Adoption rate of environmentally friendly gelcoat formulations in the market. |
8.4 Growth in the number of partnerships and collaborations within the grenada gelcoat industry. |
8.5 Percentage of market expansion into new geographical regions or applications. |
9 Grenada Gelcoat Market - Opportunity Assessment |
9.1 Grenada Gelcoat Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Grenada Gelcoat Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Grenada Gelcoat Market - Competitive Landscape |
10.1 Grenada Gelcoat Market Revenue Share, By Companies, 2024 |
10.2 Grenada Gelcoat 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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