HS Code:
N,N,N',N'-Tetrakis(2-hydroxypropyl)adipamide (CAS No. 57843-53-5) is a chemical compound classified under HS subheading 2924.19.80. It belongs to the category of acyclic amides, including their derivatives and salts. This compound is often used as a cross-linking agent in the production of polymers, coatings, and adhesives, due to its ability to enhance durability and flexibility in materials. It is also utilized in industrial applications for manufacturing specialty chemicals.
Total Trade Volume
Approximately $15 million USD
Data from 2022
Source
UN Comtrade Database and ITC Trade Map
Average Rate
5.5% ad valorem
Highest Rate
8.0% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Growing demand in polymer and coating industries
Increased trade volume due to rising industrial applications in automotive and construction sectors
2021-2022
Shift towards sustainable chemical alternatives
Potential substitution with bio-based cross-linking agents may reduce demand in the long term
2022-2023
Rising production in Asia-Pacific
Lower production costs in countries like China are driving export growth
2020-2022
The European Union updated its REACH regulations, imposing stricter documentation and safety assessments for chemical compounds like N,N,N',N'-Tetrakis(2-hydroxypropyl)adipamide.
June 2023
Increased compliance costs for exporters to the EU market, potentially reducing trade volume temporarily
As part of the Phase 1 trade agreement, tariffs on certain chemical intermediates, including those under HS 2924.19, were reduced between the US and China.
January 2020 (reaffirmed in 2022)
Boosted trade flows between the two countries, contributing to China's rising share in global trade for this product
A major chemical manufacturer in South Korea announced the opening of a new facility dedicated to producing specialty amides for industrial use.
March 2023
Expected to increase South Korea's export capacity and market share in the coming years