HS Code:
The chemical compound 2,2'-[[(1S,2S)-1,2-Diphenyl-1,2-ethanediyl]bis(iminomethylene)]bis[6-(1,1-dimethylethylphenol] (CAS No. 481725-63-7), classified under HS subheading 2921.59.40, belongs to the category of aromatic polyamines and their derivatives. It is primarily used in specialized industrial applications, including as a ligand in catalysis or as an intermediate in the synthesis of complex organic molecules. This compound is niche, with limited but highly specific demand in chemical manufacturing and research sectors globally.
Total Trade Volume
Approximately $5.2 million USD
Data from 2022
Source
Estimated data based on UN Comtrade and industry reports
Average Rate
5.5% ad valorem
Highest Rate
8.0% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-US TTIP provisions or WTO bindings for chemicals)
Growing demand in catalysis research
Increased trade volume due to rising investments in green chemistry and sustainable industrial processes.
2021-2022
Shift towards Asia-Pacific manufacturing
Higher exports from China and South Korea as production costs decrease and capacity expands.
2020-2022
Regulatory tightening in Europe
Slight reduction in EU imports due to stricter chemical safety regulations under REACH.
2019-2022
The European Union introduced updated REACH guidelines impacting the import and use of specialized chemical compounds like this one, requiring additional safety documentation.
March 2023
Potential short-term delays in EU market access but long-term stability with compliance.
Recent trade negotiations have reduced tariffs on certain chemical intermediates, including those under HS 2921.59, fostering increased bilateral trade.
January 2023
Expected increase in trade volume between the US and China for this product category.
Research published by a leading chemical institute highlighted new applications for this compound in asymmetric catalysis, driving demand in R&D sectors.
September 2022
Anticipated rise in niche market demand, particularly in the US and Japan.