HS Code:
Cyclic polymers of aldehydes, classified under HS Code 2912.50, are a niche category of chemical compounds primarily used in industrial applications such as the production of resins, plastics, and specialized coatings. These polymers are formed through the cyclic polymerization of aldehyde monomers, resulting in materials with unique chemical and physical properties. They are often utilized as intermediates in the synthesis of other chemicals or as additives to enhance the performance of industrial products. Due to their specialized nature, trade in this category is relatively limited compared to broader polymer categories but remains significant in specific industrial sectors.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
10% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in electronics industry
Increased use of cyclic polymers in high-performance coatings for electronic components has boosted trade volumes, particularly in Asia-Pacific markets.
2021-2022
Shift towards sustainable alternatives
Rising environmental concerns are pushing manufacturers to develop bio-based cyclic polymers, potentially affecting traditional trade patterns.
2022
Supply chain disruptions
Global supply chain challenges, including raw material shortages, have led to temporary declines in export volumes from key producers.
2020-2021
The European Union introduced new regulations requiring detailed environmental impact assessments for the import of cyclic polymers of aldehydes to ensure compliance with sustainability goals.
March 2023
This may increase compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant regions.
A recent bilateral agreement between the US and China reduced tariffs on chemical intermediates, including cyclic polymers of aldehydes, to promote industrial cooperation.
January 2023
This is expected to boost trade volumes between the two countries, benefiting major exporters in both markets.
A leading chemical company in Japan announced a new, cost-effective method for producing cyclic polymers of aldehydes, improving yield and reducing waste.
September 2022
This development could lower production costs and increase Japan's export competitiveness in this category.