HS Code:
This category includes mixtures of specific benzotriazole derivatives (CAS No. 104810-48-2 and CAS No. 104810-47-1) and polyethylene glycol (CAS No. 25322-68-3), classified under HS Code 3907.20.00. These compounds are primarily used as UV stabilizers in plastics, coatings, and other polymer-based materials to prevent degradation from sunlight exposure. Polyethylene glycol also serves as a versatile polymer in various industrial and pharmaceutical applications.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
UN Comtrade Database, ITC Trade Map
$320 million USD
26.7% of total trade of total trade
Increasing
$280 million USD
23.3% of total trade of total trade
Stable
$200 million USD
16.7% of total trade of total trade
Increasing
$150 million USD
12.5% of total trade of total trade
Stable
$100 million USD
8.3% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Growing demand for UV stabilizers in automotive and packaging industries
Increased production and export from major chemical manufacturing hubs like Germany and China
2021-2022
Shift towards sustainable and bio-based polymer additives
Potential reduction in demand for traditional polyethylene glycol derivatives as eco-friendly alternatives gain traction
2022-2023
Rising raw material costs
Higher production costs leading to increased prices and potential supply chain disruptions
2022
The European Union has introduced stricter guidelines for the use of benzotriazole derivatives in consumer products, requiring detailed safety data sheets.
March 2023
May increase compliance costs for exporters to the EU, potentially affecting trade volumes from non-EU countries.
A new bilateral agreement has reduced tariffs on certain chemical categories, including HS 3907.20.00, fostering greater trade between the two nations.
January 2023
Expected to boost exports from China to the US, potentially shifting market shares.
Major chemical companies in Germany and Japan have announced new formulations of UV stabilizers with enhanced performance and lower environmental impact.
June 2022
Likely to increase demand for advanced products, benefiting exporters from these regions.