HS Code:
Isophorone (HS Code: 2914.22.00) is a cyclic ketone used primarily as a solvent and chemical intermediate in the production of coatings, adhesives, and pesticides. It is a key component in the synthesis of isophorone diisocyanate (IPDI), which is used in polyurethane production. Isophorone is valued for its high solvency, chemical stability, and low volatility, making it essential in industrial applications, particularly in the automotive and construction sectors.
Total Trade Volume
USD 250 million
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
Average Rate
5.2%
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-US trade agreements)
Growing demand in polyurethane production
Increased demand for isophorone as a precursor for IPDI in automotive and construction industries has driven trade volumes up by 8% annually since 2019.
2022
Shift towards sustainable alternatives
Emerging bio-based solvents are creating competitive pressure, potentially reducing isophorone's market share in the long term.
2023
Rising production in Asia-Pacific
China and South Korea have ramped up domestic production, reducing reliance on imports and reshaping global supply chains.
2021
The European Union introduced tighter regulations on volatile organic compounds, impacting the use of isophorone in coatings and adhesives.
June 2023
Manufacturers may face higher compliance costs, potentially reducing EU imports by 5-10% over the next two years.
A major chemical manufacturer opened a large-scale isophorone production plant in China, boosting local supply.
March 2023
Increased exports from China are expected to lower global prices by 3-5% in the short term.
Recent negotiations resulted in reduced tariffs on chemical intermediates, including isophorone, between the US and China.
January 2023
Trade volume between the two countries is projected to increase by 15% in 2024.