HS Code:
Dilauroyl peroxide (CAS No. 105-74-8), classified under HS subheading 2915.90.50, is an organic peroxide used primarily as a polymerization initiator in the production of plastics, resins, and rubber. It acts as a free radical generator in industrial processes and is also utilized in cosmetics and pharmaceuticals for specific applications. This chemical is a critical component in manufacturing industries, particularly in polymer chemistry.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$15 million USD
30% of global trade of total trade
Increasing
$10 million USD
20% of global trade of total trade
Stable
$8 million USD
16% of global trade of total trade
Increasing
$5 million USD
10% of global trade of total trade
Stable
$3 million USD
6% of global trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-US TTIP provisions)
Rising demand in polymer industries
Increased production of plastics and synthetic rubber drives higher trade volumes, particularly in Asia-Pacific regions.
2021-2022
Shift towards eco-friendly alternatives
Emerging green chemistry initiatives are pressuring manufacturers to explore less hazardous initiators, potentially reducing demand in the long term.
2022-2023
Supply chain disruptions
Global logistics challenges and raw material shortages have led to price volatility and delayed shipments.
2020-2022
The European Union tightened restrictions on the handling and transport of organic peroxides, including Dilauroyl peroxide, to enhance safety standards.
March 2023
Increased compliance costs for exporters to the EU, potentially affecting trade volumes from non-EU countries.
Reduced tariffs on chemical intermediates under the Phase 1 trade deal have facilitated smoother trade of Dilauroyl peroxide between the two countries.
January 2020
Boosted exports from China to the US, contributing to a 5% growth in bilateral trade for this category.
Major chemical companies in China and South Korea announced expansions in production facilities for organic peroxides to meet rising regional demand.
July 2022
Expected to increase global supply and potentially lower prices in the short term.