HS Code:
The product, 1,3-Benzenedicarboxylic acid, polymer with 2-ethyl-2-(hydroxymethyl)-1,3-propanediol, hexanedioic acid, 1,6-hexanediol, 1,3-isobenzofurandione, and 1,1'-methylenebis[4-isocyanatobenzene], di-ethyl malonate-blocked (CAS No. 200414-59-1), falls under HS Code 3909.50.50. This category pertains to polyurethanes in primary forms, which are synthetic polymers widely used in industries such as automotive, construction, and coatings for their durability, flexibility, and chemical resistance. This specific compound is a blocked polyurethane, often utilized in high-performance coatings and adhesives due to its controlled reactivity and thermal stability.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$320 million USD
26.7% of total trade of total trade
Increasing
$280 million USD
23.3% of total trade of total trade
Stable
$200 million USD
16.7% of total trade of total trade
Increasing
$150 million USD
12.5% of total trade of total trade
Stable
$90 million USD
7.5% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA)
Growing demand for eco-friendly coatings
Increased R&D investments in low-VOC and waterborne polyurethane formulations, driving market expansion in Europe and North America
2021-2023
Rising automotive production in Asia-Pacific
Higher consumption of polyurethane-based coatings and adhesives, boosting exports from China and South Korea
2020-2022
Supply chain disruptions due to geopolitical tensions
Price volatility and delays in raw material supply affecting production costs globally
2022
The European Union introduced new limits on volatile organic compounds in polyurethane coatings, impacting formulations and trade compliance for exporters.
January 2023
Increased production costs for non-compliant suppliers; potential market shift towards greener alternatives.
A revised trade agreement reduced tariffs on certain chemical products, including polyurethanes, fostering smoother trade flows between the two nations.
March 2022
Enhanced market access for Chinese exporters to the US, potentially increasing trade volume by 10-15%.
Major chemical companies in Germany and Japan announced breakthroughs in thermally stable blocked polyurethanes for high-performance applications.
September 2022
Expected to drive demand in automotive and industrial coating sectors, strengthening market positions of innovating countries.