| Product Code: ETC5044016 | Publication Date: Nov 2023 | Updated Date: Dec 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, Zambia continued to rely heavily on formaldehyde imports, with top exporters being South Africa, India, Tanzania, USA, and China. The market showed high concentration with a high Herfindahl-Hirschman Index (HHI). Despite a modest compound annual growth rate (CAGR) of 0.99% from 2020 to 2024, there was a sharp decline in growth rate from 2023 to 2024 at -32.38%. This indicates a challenging year for formaldehyde imports in Zambia, possibly influenced by various economic factors. Stakeholders should closely monitor these trends for strategic decision-making.

In the Africa region, the Formaldehyde market in Zambia is projected to expand at a high growth rate of 10.35% by 2027. The largest economy is Egypt, followed by South Africa, Ethiopia, Algeria and Nigeria.

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 Zambia Formaldehyde Market Overview |
3.1 Zambia Country Macro Economic Indicators |
3.2 Zambia Formaldehyde Market Revenues & Volume, 2021 & 2031F |
3.3 Zambia Formaldehyde Market - Industry Life Cycle |
3.4 Zambia Formaldehyde Market - Porter's Five Forces |
3.5 Zambia Formaldehyde Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Zambia Formaldehyde Market Revenues & Volume Share, By Derivative, 2021 & 2031F |
3.7 Zambia Formaldehyde Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Zambia Formaldehyde Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for formaldehyde-based resins in the construction and furniture industries in Zambia |
4.2.2 Growth in the automotive sector leading to higher consumption of formaldehyde-based products |
4.2.3 Government initiatives promoting industrial development and manufacturing activities in the country |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the production cost of formaldehyde |
4.3.2 Stringent environmental regulations regarding formaldehyde emissions and handling |
4.3.3 Competition from alternative materials and technologies affecting the market demand |
5 Zambia Formaldehyde Market Trends |
6 Zambia Formaldehyde Market Segmentations |
6.1 Zambia Formaldehyde Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Zambia Formaldehyde Market Revenues & Volume, By Resins, 2021-2031F |
6.1.3 Zambia Formaldehyde Market Revenues & Volume, By Fibers, 2021-2031F |
6.1.4 Zambia Formaldehyde Market Revenues & Volume, By Solvents, 2021-2031F |
6.1.5 Zambia Formaldehyde Market Revenues & Volume, By Plasticizers, 2021-2031F |
6.1.6 Zambia Formaldehyde Market Revenues & Volume, By Drying Agents, 2021-2031F |
6.1.7 Zambia Formaldehyde Market Revenues & Volume, By Other Chemical Intermediates, 2021-2031F |
6.2 Zambia Formaldehyde Market, By Derivative |
6.2.1 Overview and Analysis |
6.2.2 Zambia Formaldehyde Market Revenues & Volume, By Urea-formaldehyde Resin, 2021-2031F |
6.2.3 Zambia Formaldehyde Market Revenues & Volume, By Phenol Formaldehyde Resin, 2021-2031F |
6.2.4 Zambia Formaldehyde Market Revenues & Volume, By Polyoxymethylene, 2021-2031F |
6.2.5 Zambia Formaldehyde Market Revenues & Volume, By Melamine Formaldehyde Resin, 2021-2031F |
6.2.6 Zambia Formaldehyde Market Revenues & Volume, By Pentaerythritol, 2021-2031F |
6.2.7 Zambia Formaldehyde Market Revenues & Volume, By Methylene Diphenyl Diisocyanate, 2021-2031F |
6.2.8 Zambia Formaldehyde Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Zambia Formaldehyde Market Revenues & Volume, By Others, 2021-2031F |
6.3 Zambia Formaldehyde Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Zambia Formaldehyde Market Revenues & Volume, By Chemicals, 2021-2031F |
6.3.3 Zambia Formaldehyde Market Revenues & Volume, By Agriculture, 2021-2031F |
6.3.4 Zambia Formaldehyde Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.5 Zambia Formaldehyde Market Revenues & Volume, By Personal Care & Cosmetics, 2021-2031F |
6.3.6 Zambia Formaldehyde Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.7 Zambia Formaldehyde Market Revenues & Volume, By Automotive, 2021-2031F |
7 Zambia Formaldehyde Market Import-Export Trade Statistics |
7.1 Zambia Formaldehyde Market Export to Major Countries |
7.2 Zambia Formaldehyde Market Imports from Major Countries |
8 Zambia Formaldehyde Market Key Performance Indicators |
8.1 Average selling price of formaldehyde products in Zambia |
8.2 Rate of adoption of formaldehyde-free alternatives in key industries |
8.3 Investment in research and development for innovative formaldehyde applications |
8.4 Percentage of formaldehyde production capacity utilization in Zambia |
8.5 Number of new construction and infrastructure projects using formaldehyde-based materials |
9 Zambia Formaldehyde Market - Opportunity Assessment |
9.1 Zambia Formaldehyde Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Zambia Formaldehyde Market Opportunity Assessment, By Derivative, 2021 & 2031F |
9.3 Zambia Formaldehyde Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Zambia Formaldehyde Market - Competitive Landscape |
10.1 Zambia Formaldehyde Market Revenue Share, By Companies, 2024 |
10.2 Zambia Formaldehyde 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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