HS Code:
Mastics, under HS Code 3214, include glaziers' putty, grafting putty, resin cements, caulking compounds, and other mastics used primarily in construction and repair for sealing, bonding, and filling gaps. This category encompasses a wide range of products like silicone sealants, acrylic mastics, and polyurethane-based compounds. These materials are essential in industries such as construction, automotive, and manufacturing due to their adhesive and protective properties.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.3%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market)
Rising demand for eco-friendly mastics
Increased production of low-VOC and bio-based mastics to comply with environmental regulations, driving innovation in the sector.
2021-2023
Growth in construction sector in Asia-Pacific
Higher demand for mastics in emerging economies like India and Indonesia due to rapid urbanization and infrastructure projects.
2020-2022
Technological advancements in sealant formulations
Development of high-performance mastics with better durability and weather resistance, boosting market competitiveness.
2019-2023
The European Union introduced stricter limits on VOC emissions in mastics and sealants to promote sustainability.
January 2023
Manufacturers are reformulating products to meet new standards, potentially increasing production costs but opening markets for eco-friendly products.
A new trade agreement reduced tariffs on mastics and related chemical products between the US and China.
March 2022
Increased export opportunities for Chinese manufacturers to the US market, potentially shifting trade dynamics.
Several leading companies launched bio-based mastics made from renewable materials as an alternative to traditional petroleum-based products.
September 2022
Growing consumer preference for sustainable products is expected to drive market share for these innovations.