HS Code:
2-[4-(Diethylamino)-2-hydroxybenzoyl] benzoic acid (CAS No. 5809-23-4), classified under HS Code 2922.50.40, is an organic compound often used in the chemical and pharmaceutical industries. This compound falls under the category of oxygen-function amino-compounds, specifically amino-alcohol-phenols, amino-acid-phenols, and other amino-compounds with oxygen function. It is primarily utilized as an intermediate in the synthesis of dyes, pigments, and UV stabilizers, particularly in the production of benzophenone derivatives used in sunscreens and other protective coatings. Its trade is niche but significant within specialized chemical markets, driven by demand in cosmetics, plastics, and industrial applications.
Total Trade Volume
Approximately $15 million USD
Data from 2022
Source
Estimated data based on UN Comtrade and industry reports
$6.5 million USD
43.3% of total trade of total trade
Increasing
$3.2 million USD
21.3% of total trade of total trade
Stable
$2.8 million USD
18.7% of total trade of total trade
Increasing
$1.5 million USD
10.0% of total trade of total trade
Increasing
$1.0 million USD
6.7% of total trade of total trade
Stable
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for UV stabilizers in cosmetics
Increased trade volume as sunscreen and personal care product markets grow, especially in Asia-Pacific and North America
2021-2023
Shift towards sustainable chemical production
Pressure on manufacturers to adopt greener synthesis methods, potentially increasing production costs but opening niche markets for eco-friendly derivatives
2022-2023
Supply chain disruptions due to geopolitical tensions
Temporary shortages and price volatility as trade routes and raw material supplies are affected, particularly from key exporters like China
2022
The European Union updated REACH regulations to impose stricter controls on intermediates like 2-[4-(Diethylamino)-2-hydroxybenzoyl] benzoic acid, requiring detailed safety data sheets and limiting certain uses.
June 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volume to this region in the short term.
Major Chinese chemical manufacturers announced investments in expanding production facilities for benzophenone derivatives, aiming to meet growing global demand.
March 2023
Likely to reinforce China's dominance in the market, potentially lowering prices due to economies of scale but raising concerns over supply concentration.
The United States reviewed tariffs on certain chemical intermediates under Section 301, maintaining duties on Chinese imports while offering exemptions for specific applications.
September 2022
Mixed impact on trade, with sustained costs for US importers but opportunities for diversification of supply sources to countries like India.