HS Code:
2-Propenoic acid, C12-C14-alkyl esters, telomers with ethylene, 2-ethylhexyl acrylate, propanal, and vinyl acetate (CAS No. 923958-45-6) falls under HS Code 3901.90.90, which covers other polymers of ethylene in primary forms. This chemical compound is typically used in the production of adhesives, coatings, and sealants due to its binding and film-forming properties. It is a specialized polymer material often utilized in industrial applications where durability and flexibility are required. Global trade in this category is driven by demand in the construction, automotive, and packaging industries.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
UN Comtrade Database and ITC Trade Map
$350 million USD
29.2% 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
$100 million USD
8.3% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
10% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-US trade deals)
Rising demand for eco-friendly adhesives
Increased innovation in bio-based polymer alternatives, potentially affecting demand for traditional telomers
2021-2023
Growth in construction and automotive sectors
Higher consumption of coatings and sealants, boosting trade volumes in key markets like China and India
2020-2022
Supply chain disruptions due to geopolitical tensions
Delays and cost increases in raw material supply, particularly impacting European manufacturers
2022
The European Union introduced stricter chemical safety requirements under REACH for polymer imports, including detailed documentation for telomers like 2-Propenoic acid derivatives.
June 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant countries.
A new phase of trade negotiations between the US and China included reduced tariffs on industrial polymers, benefiting exporters of HS 3901.90.90 products.
March 2023
Expected to boost trade volumes between the two countries by 10-15% in the next year.
Major chemical companies in Germany and Japan announced breakthroughs in recycling telomer-based materials, aligning with global sustainability goals.
September 2022
Could reduce demand for virgin materials in the long term while increasing market interest in recycled polymer products.