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📦 Poly(vinyl acetate)

Poly(vinyl acetate)

HS Code:

📦

Overview

Poly(vinyl acetate), classified under HS Code 3905.12, is a synthetic polymer used primarily in adhesives, paints, coatings, and as a binder in various industrial applications. It is a key component in products like wood glue, paper coatings, and emulsion paints due to its strong bonding properties and versatility. This category includes poly(vinyl acetate) in primary forms, often traded as raw material for further processing in manufacturing industries.

Total Trade Volume

Approximately $2.5 billion USD

Data from 2022

Source

UN Comtrade Database and International Trade Centre (ITC)

Tariff Analysis

Average Rate

5.5% ad valorem

Highest Rate

12% (imposed by certain developing countries)

Lowest Rate

0% (under free trade agreements like EU-USMCA)

Common Restrictions

  • Import quotas in specific regions to protect domestic chemical industries
  • Quality and safety certification requirements (e.g., REACH in the EU)
  • Anti-dumping duties in markets facing oversupply from specific exporters

Market Trends

Growing demand in construction and packaging industries

Increased need for adhesives and coatings has driven up trade volumes, especially in Asia-Pacific and North America

2021-2023

Shift towards eco-friendly and water-based formulations

Manufacturers are innovating to meet environmental regulations, influencing trade patterns towards greener products

2020-2022

Rising production costs due to raw material price volatility

Fluctuations in acetic acid and vinyl acetate monomer prices have led to supply chain disruptions and price instability

2022

Recent Developments

EU Imposes Stricter REACH Compliance for Poly(vinyl acetate)

The European Union updated its REACH regulations, requiring more stringent safety and environmental compliance for chemical imports, including poly(vinyl acetate).

March 2023

Exporters to the EU may face higher compliance costs, potentially reducing trade volumes from non-compliant regions.

US-China Trade Agreement on Chemical Products

A new bilateral agreement reduced tariffs on certain chemical products, including poly(vinyl acetate), to encourage trade between the two nations.

January 2023

This has led to a slight increase in export volumes from China to the US, benefiting Chinese manufacturers.

Innovation in Bio-Based Poly(vinyl acetate)

Several major chemical companies announced breakthroughs in bio-based poly(vinyl acetate) production to meet sustainability goals.

June 2023

This development is expected to create a niche market, potentially shifting trade patterns towards sustainable products.