HS Code:
4,4'-Diphenylbisphosphonous acid, di(2',2",4',4"-di-tert-butyl)phenyl ester is a specialized chemical compound classified under the Harmonized System (HS) Code 292090, which generally pertains to esters of inorganic acids of non-metals and their salts. This compound is often used as a stabilizer or antioxidant in the polymer and plastics industry to prevent degradation during processing and extend the lifespan of materials. It plays a critical role in industrial applications, particularly in the production of high-performance plastics and rubber products.
Total Trade Volume
USD 45 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-US TTIP provisions)
Growing demand in the plastics industry
Increased production and trade volume due to rising demand for durable plastics in automotive and electronics sectors
2021-2022
Shift towards sustainable alternatives
Potential reduction in demand as industries explore bio-based stabilizers, though current adoption is slow
2022
Rising production costs
Higher raw material and energy costs have led to increased prices, affecting trade margins
2022
The European Union introduced stricter REACH regulations for phosphonous acid derivatives, requiring additional safety documentation for imports.
June 2023
May increase compliance costs for exporters to the EU, potentially reducing trade volume in the short term.
A new bilateral agreement reduced tariffs on certain chemical intermediates, including esters of inorganic acids, between the US and China.
March 2023
Expected to boost trade volumes between the two countries, benefiting major exporters.
Innovations in synthesis processes have reduced production costs for high-purity 4,4'-Diphenylbisphosphonous acid derivatives in Germany and Japan.
September 2022
Improves competitiveness of these countries in the global market, potentially increasing their market share.