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📦 α-Hydro-ω-hydroxypoly(oxy-1,2-ethanediyl)borate (CAS No. 71243-41-9) (provided for in subheading 3819.00.00)

α-Hydro-ω-hydroxypoly(oxy-1,2-ethanediyl)borate (CAS No. 71243-41-9) (provided for in subheading 3819.00.00)

HS Code:

📦

Overview

α-Hydro-ω-hydroxypoly(oxy-1,2-ethanediyl)borate (CAS No. 71243-41-9) is a chemical compound classified under HS Code 3819.00.00, which covers hydraulic brake fluids and other prepared liquids for hydraulic transmission, not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals. This compound is often used as a component in hydraulic fluids, lubricants, and other industrial applications due to its chemical stability and properties as a borate ester. It plays a critical role in automotive, industrial machinery, and aerospace sectors for ensuring efficient hydraulic system performance.

Total Trade Volume

Approximately $500 million USD

Data from 2022

Source

United Nations Comtrade Database, ITC Trade Map

Tariff Analysis

Average Rate

5.2% ad valorem

Highest Rate

8% (imposed by certain developing countries)

Lowest Rate

0% (under free trade agreements such as USMCA and EU-Japan EPA)

Common Restrictions

  • Import quotas in select markets
  • Environmental and safety regulations for chemical handling
  • Certification requirements for industrial use
  • Anti-dumping duties in specific regions

Market Trends

Growing demand in automotive sector

Increased production of electric and hybrid vehicles requiring advanced hydraulic fluids is driving demand for specialized compounds like α-Hydro-ω-hydroxypoly(oxy-1,2-ethanediyl)borate.

2021-2023

Shift towards sustainable chemicals

Manufacturers are focusing on eco-friendly formulations, leading to innovations in borate-based compounds with lower environmental impact.

2022

Rising raw material costs

Fluctuations in the prices of raw materials for borate esters have led to increased production costs, affecting market pricing strategies.

2022-2023

Recent Developments

New EU Regulation on Chemical Safety

The European Union introduced stricter regulations on the use of borate compounds in hydraulic fluids, requiring additional safety certifications for imports and production.

January 2023

This may increase compliance costs for exporters to the EU but ensures higher safety standards, potentially boosting consumer confidence.

US-China Trade Agreement Update

Recent trade negotiations between the US and China included provisions to reduce tariffs on industrial chemicals, including those under HS Code 3819.00.00.

March 2023

This is expected to increase trade volumes between the two countries, benefiting exporters of α-Hydro-ω-hydroxypoly(oxy-1,2-ethanediyl)borate.

Innovation in Borate Ester Formulations

A leading chemical manufacturer announced a breakthrough in developing a more efficient and environmentally friendly borate ester for hydraulic applications.

June 2023

This development could shift market preferences towards sustainable products, influencing global trade patterns.