HS Code:
Solvent Blue 35, also known as 1,4-bis(butylamino)-9,10-anthraquinone (CAS No. 17354-14-2, CI No. 61554), is a synthetic organic dye classified under HS Code 3204.19.25. It belongs to the category of solvent dyes, which are used primarily for coloring plastics, resins, and other non-aqueous materials due to their solubility in organic solvents. This dye is particularly valued for its vibrant blue color and excellent heat and light stability, making it suitable for applications in industrial coatings, printing inks, and polymer coloring. The global trade of Solvent Blue 35 is influenced by demand in industries such as automotive, packaging, and textiles, with significant production and consumption in regions with robust chemical manufacturing sectors.
Total Trade Volume
Approximately USD 15 million
Data from 2022
Source
Estimated based on data from UN Comtrade and industry reports
USD 6 million
40% of total trade of total trade
Increasing
USD 3 million
20% of total trade of total trade
Increasing
USD 2 million
13% of total trade of total trade
Stable
USD 1.5 million
10% of total trade of total trade
Stable
USD 1 million
7% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for eco-friendly dyes
Increased R&D investments for sustainable alternatives to traditional solvent dyes, potentially affecting Solvent Blue 35 market share.
2021-2023
Growth in plastic and packaging industries
Higher consumption of solvent dyes like Solvent Blue 35 in emerging economies due to expanding industrial applications.
2020-2022
Supply chain disruptions
Price volatility and delays in raw material availability due to geopolitical tensions and post-COVID recovery challenges.
2021-2022
The European Union updated its REACH regulations, imposing stricter compliance requirements for solvent dyes, including Solvent Blue 35, to ensure environmental safety.
June 2023
Potential increase in compliance costs for exporters to the EU, possibly affecting trade volumes.
Several major Chinese manufacturers announced expansions in solvent dye production facilities to meet growing global demand.
March 2023
Likely to reinforce China's dominance in the Solvent Blue 35 market, potentially lowering global prices due to increased supply.
India imposed anti-dumping duties on certain chemical imports, including solvent dyes from specific countries, to protect domestic manufacturers.
January 2023
May shift trade flows, with Indian buyers seeking alternative suppliers or domestic sources for Solvent Blue 35.