HS Code:
Bis(4-amino-3-methylcyclohexyl)methane-isophthalic acid-laurolactam copolymer falls under the category of specialized polyamides, often classified within HS Code 3908 (Polyamides in primary forms). This copolymer is a high-performance polymer used primarily in industrial applications such as automotive components, electrical insulation, and durable consumer goods due to its excellent mechanical strength, thermal stability, and chemical resistance. It is a niche product in the global chemical and plastics market, with trade driven by demand for advanced materials in high-tech industries.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
Estimated based on data from UN Comtrade and industry reports
$45 million USD
30% 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
$20 million USD
13% of total trade of total trade
Increasing
$15 million USD
10% of total trade of total trade
Stable
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing economies)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for lightweight materials in automotive sector
Increased use of high-performance polyamides like this copolymer for fuel-efficient vehicle components, driving trade volume growth by 8% annually
2021-2023
Shift towards sustainable and recyclable polymers
Pressure on manufacturers to develop eco-friendly alternatives, potentially slowing growth of traditional copolymers unless adapted
2022-2023
Rising production in Asia-Pacific region
Lower production costs in countries like China and South Korea are reshaping supply chains, increasing export competitiveness
2020-2023
The European Union updated its REACH regulations, imposing tighter controls on polyamide production to reduce environmental impact.
June 2023
Potential increase in compliance costs for exporters to the EU, possibly affecting trade volumes from non-EU countries.
A bilateral agreement reduced tariffs on certain chemical products, including polyamides, to encourage trade between the two nations.
March 2023
Expected to boost exports from China to the US, potentially increasing China's share in global trade for this product.
Major chemical companies in Japan and Germany announced breakthroughs in recycling high-performance polyamides, addressing sustainability concerns.
September 2022
Could enhance market demand as industries seek greener materials, benefiting leading exporters like Japan and Germany.