HS Code:
2,2'-(Vinylenedi-p-phenylene)bisbenzoxazole (CAS No. 1533-45-5) is a synthetic organic compound classified under HS Code 3204.20.80. It belongs to the category of synthetic organic coloring matter and preparations based thereon, specifically used as a fluorescent brightening agent or optical whitener. This compound is widely utilized in industries such as textiles, plastics, and paper to enhance the brightness and whiteness of materials by absorbing ultraviolet light and re-emitting it as visible blue light. Its trade is niche but significant in specialized industrial applications globally.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
Data compiled from UN Comtrade and International Trade Centre (ITC)
$60 million USD
40% of total trade of total trade
Increasing
$30 million USD
20% of total trade of total trade
Stable
$25 million USD
17% of total trade of total trade
Increasing
$15 million USD
10% of total trade of total trade
Increasing
$10 million USD
7% of total trade of total trade
Stable
Average Rate
5.5% ad valorem
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand in textile and plastic industries
Increased production and export from Asia-Pacific countries, particularly China and India, due to growing manufacturing sectors.
2021-2022
Shift towards sustainable alternatives
Pressure on manufacturers to develop eco-friendly optical brighteners, potentially reducing demand for traditional compounds like this one.
2022-2023
Technological advancements in application
Improved efficiency in usage has led to lower per-unit consumption, stabilizing demand in developed markets like the US and EU.
2020-2022
The European Union updated REACH regulations, imposing stricter guidelines on the use of optical brighteners in consumer products.
March 2023
Potential reduction in exports to EU markets unless compliance is achieved; increased costs for manufacturers.
Major Chinese chemical manufacturers announced new facilities for producing fluorescent brightening agents to meet global demand.
June 2022
Likely to reinforce China's dominance in the market, potentially lowering global prices due to oversupply.
Negotiations for reduced tariffs on chemical intermediates between the US and India include compounds under HS 3204.20.80.
September 2023
Could boost bilateral trade volumes if finalized, benefiting Indian exporters and US importers.