HS Code:
The category of Polyacetals, other polyethers and epoxide resins, in primary forms; polycarbonates, alkyd resins, polyallyl esters and other polyesters, in primary forms (HS Code: 3907) includes a wide range of synthetic polymers used primarily in industrial applications. These materials are essential in the production of plastics, coatings, adhesives, and composites due to their durability, chemical resistance, and versatility. Polyacetals are known for their high strength and rigidity, while polycarbonates are valued for their transparency and impact resistance. Epoxide resins are widely used in coatings and adhesives, and polyesters are common in textiles and packaging materials. This category plays a critical role in industries such as automotive, construction, electronics, and packaging.
Total Trade Volume
USD 35.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 8.5 billion
24.1% of total trade of total trade
Increasing
USD 5.3 billion
15.1% of total trade of total trade
Stable
USD 4.1 billion
11.6% of total trade of total trade
Increasing
USD 3.2 billion
9.1% of total trade of total trade
Increasing
USD 2.8 billion
8.0% of total trade of total trade
Stable
Average Rate
6.5% ad valorem
Highest Rate
15% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for sustainable materials
Increased investment in bio-based polyesters and recyclable resins to meet environmental regulations and consumer preferences.
2021-2023
Rising use in automotive and electronics
Higher demand for lightweight and durable materials like polycarbonates and polyacetals in electric vehicles and smart devices.
2020-2022
Supply chain disruptions
Price volatility and production delays due to raw material shortages and geopolitical tensions affecting global trade flows.
2021-2022
The European Union introduced new regulations mandating higher recycling rates for polyester-based products and stricter guidelines for epoxy resin waste management.
June 2023
Increased production costs for manufacturers but potential growth in recycling technology markets.
China announced the construction of new facilities for polycarbonate and polyacetal production to meet domestic and export demand.
March 2023
Likely to reinforce China’s dominance in global trade, potentially lowering prices but increasing competition.
The United States imposed additional tariffs on certain polymer imports from Asia citing unfair trade practices.
September 2022
Increased costs for US importers, potential shift in sourcing to other regions like Europe or Latin America.