Phthalic Anhydride Price Trend

Phthalic Anhydride Price Trend, Index and Forecast

Track the latest insights on phthalic anhydride price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Phthalic Anhydride Prices Outlook Q2 2025

• USA: US$ 1572/Ton
• China: US$ 838/Ton
• India: US$ 1125/Ton
• Germany: US$ 1381/Ton
• France: US$ 1360/Ton

Phthalic Anhydride Price Chart

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During the second quarter of 2025, the phthalic anhydride prices in the USA reached 1572 USD/Ton in June. Phthalic anhydride prices in the USA this quarter were influenced by fluctuations in upstream orthoxylene costs driven by volatile crude oil benchmarks. Demand from the plasticizers and unsaturated polyester resins sectors remained stable, while unplanned maintenance shutdowns in certain domestic production units disrupted supply chains. Additionally, reduced import volumes from Asia due to elevated freight rates and logistical bottlenecks impacted market availability.

During the second quarter of 2025, phthalic anhydride prices in China reached 838 USD/Ton in June. In China, phthalic anhydride prices were shaped by dynamic feedstock orthoxylene pricing, which responded to variations in refinery output and crude oil market shifts. Operating rates at several domestic manufacturing facilities were periodically lowered due to environmental compliance inspections. The demand from the construction and automotive sectors softened slightly amid macroeconomic uncertainties, while export volumes faced pressure from weak global consumption patterns.

During the second quarter of 2025, the phthalic anhydride prices in India reached 1125 USD/Ton in June. India’s phthalic anhydride pricing was influenced by moderate domestic demand from the plasticizer and alkyd resin industries, coupled with rising orthoxylene procurement costs. Import dependency increased temporarily due to planned turnarounds at key production units. The depreciation of the Indian rupee against the US dollar elevated landed costs of imports. Additionally, inventory build-up among traders led to cautious restocking behavior across the supply chain.

During the second quarter of 2025, the phthalic anhydride prices in Germany reached 1381 USD/Ton in June. In Germany, prices were primarily impacted by tightened supply from local producers operating at reduced capacity due to weak margins and rising energy costs. The cost trajectory of orthoxylene, driven by fluctuations in European naphtha and crude values, added to pricing volatility. Downstream demand remained subdued from the coatings and construction chemicals sectors, while intra-European trade faced delays due to freight capacity constraints.

During the second quarter of 2025, the phthalic anhydride prices in France reached 1360 USD/Ton in June. Phthalic anhydride price trends in France reflected a combination of steady consumption in the industrial coatings and adhesives sectors and constrained domestic output. Refinery maintenance activities affected the availability of orthoxylene, putting pressure on input costs. Additionally, labor-related disruptions at port facilities led to slower import clearances, tightening local inventories and influencing procurement strategies among downstream buyers.

Phthalic Anhydride Prices Q4 2023

• USA: US$ 1330/Ton
• China: US$ 1050/Ton
• Europe: US$ 1390/Ton
• Middle East: US$ 1470/Ton

The price of phthalic anhydride in the USA for Q4 2023 reached 1330 USD/MT in December. The market fundamentals reached their lowest point caused by rising storage facility stocks and lack of demand from downstream industries. Trade between the USA and Canada was noticeably constrained despite the lower trend in upstream Naphthalene costs, which affected the pricing dynamics of phthalic anhydride.

The imbalance between supply and demand caused phthalic anhydride prices to show a bearish trend in the Asia Pacific region. Upstream, naphthalene prices were steady while those of o-xylene were weak. A weak demand from downstream endeavors led to surplus inventory, eliminating the necessity for replenishment. Prices for phthalic anhydride in China reached 1050 USD/MT in December.

In Europe, phthalic anhydride prices reached 1390 USD/MT in Q4 of 2023. The market is characterized by high supply and low demand for phthalic anhydride. The price of phthalic anhydride saw a little decline in December 2023 due to a drop in the cost of its raw ingredients, ortho-xylene and naphthalene. This reduction in production costs led to a slight dip in Phthalic Anhydride prices overall.

The Q4 2023 phthalic anhydride price was 1470 USD/MT in the Middle East.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the phthalic anhydride prices.

Global Phthalic Anhydride Price Trend

The report offers a holistic view of the global phthalic anhydride pricing trends in the form of phthalic anhydride price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of phthalic anhydride, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed phthalic anhydride demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Phthalic Anhydride Price Trend

Q2 2025:

As per the phthalic anhydride price index, the prices in Europe this quarter were influenced by reduced production rates across several facilities due to high utility costs and margin pressures. Feedstock orthoxylene costs experienced fluctuations in response to changes in regional refinery output and naphtha pricing. Demand from the construction, coatings, and automotive sectors remained tepid, while intra-European logistics were impacted by rail and port delays, tightening overall market supply.

Q4 2023:

The European Phthalic Anhydride market exhibited a bearish trend, with adequate inventory levels meeting domestic demand. Price trends were hindered by low product demand and sluggish purchasing activity in October despite higher naphthalene costs. Reduced downstream Plasticizer demand prompted producers to lower production rates, preventing oversupply. Phthalic anhydride prices decreased in November along with the naphthalene market, which reduced operational expenses.

This analysis can be extended to include detailed phthalic anhydride price information for a comprehensive list of countries.

North America Phthalic Anhydride Price Trend

Q2 2025:

As per the phthalic anhydride price index, in North America, the pricing was affected by upstream orthoxylene cost variability, which tracked shifts in domestic crude oil trends. Planned and unplanned maintenance at certain petrochemical complexes disrupted steady supply. The demand from the unsaturated polyester resin and plasticizer sectors remained steady, but slower import arrivals from Asia, coupled with increased inland freight charges, added to market tightness in several subregions.

Q4 2023:

The North American phthalic anhydride market saw a negative trend in Q42023, with low prices in October as a result of excess supply and insufficient demand. Amidst excess inventory and decreased sales from users, manufacturers found it difficult to increase prices. November saw the maintenance of sufficient supply levels as key industrial facilities replenished their stocks to satisfy the demands of the downstream industry.

Specific phthalic anhydride historical data within the United States and Canada can also be provided.

Middle East and Africa Phthalic Anhydride PriceTrend

Q2 2025:

As per the phthalic anhydride price chart, the prices in the Middle East and Africa fluctuated due to a complex interplay of factors, primarily driven by supply chain disruptions, seasonal demand shifts, and geopolitical influences. A tight supply from refineries, exacerbated by maintenance rounds and unplanned outages, put pressure on prices. Simultaneously, demand from the agrochemical sector during the planting season contributed to price changes.

The report explores the phthalic anhydride pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on phthalic anhydride prices for countries can also be provided.

Asia Pacific Phthalic Anhydride Price Trend

Q2 2025:

The Asia Pacific region witnessed phthalic anhydride price movements driven by fluctuating orthoxylene costs linked to refinery operating rates and international crude oil dynamics. Environmental inspections and compliance requirements in China temporarily curbed production output. Meanwhile, regional demand from the plasticizer and resin sectors remained mixed, with Southeast Asian markets experiencing stronger consumption compared to Northeast Asia. Port congestion and container shortages also disrupted trade flows.

Q4 2023:

The phthalic anhydride market in the Asia Pacific region saw a downward trend in Q4 2023. Suppliers offered discounts to clear stock during Golden Week despite higher trade prices to fulfill downstream agrochemical demand. This was due to large stocks. Price declines for o-xylene reinforced the pattern. Producers slowed output due to excess storage supplies and weak demand from downstream plasticizers, which resulted in a drop in price in November 2023.

This phthalic anhydride price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Phthalic Anhydride Price Trend

Q2 2025:

Latin America's phthalic anhydride market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in phthalic anhydride prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the phthalic anhydride price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing phthalic anhydride pricing trends in this region.

The analysis of phthalic anhydride prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Phthalic Anhydride Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Phthalic Anhydride Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of phthalic anhydride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of phthalic anhydride at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of phthalic anhydride price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing phthalic anhydride price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

 Phthalic Anhydride Market Analysis

The global phthalic anhydride market size reached USD 4.63 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 7.30 Billion, at a projected CAGR of 4.94% during 2025-2033.

• In the agrochemical industry, phthalic anhydride is an important chemical precursor or reactant used in the manufacture of several herbicides and insecticides. Its chemical characteristics enable it to integrate into the molecular structures of these agrochemicals, improving their capacity to suppress undesirable vegetation and pest populations. The incorporation of phthalic anhydride in these formulations aids in enhancing the stability and efficiency of agrochemical products, thereby increasing agricultural output by shielding crops from weeds and pests. This use is critical for preserving crop health and yield, especially in large-scale farming operations where chemical agents are necessary to address a variety of agricultural problems. According to the Food and Agriculture Organization (FAO) of the United Nations (UN) report published in 2023, invading insects cost the world economy about $70 billion a year, and plant diseases over $220 billion annually. In addition, Pests cause an annual loss of 20% to 40% of the agricultural yield of the world.
• Phthalic anhydride is used in the construction sector to create unsaturated polyester resins (UPRs). Fiberglass-reinforced plastics, which are used to make a range of building components, including panels, fittings, and corrugated sheets, use UPRs.
• Phthalic anhydride is an essential element in the automotive sector as it improves the appearance and performance of car parts. It is an essential component in plasticizers, which are used to increase the strength and longevity of materials used in automobile interiors, including wire coatings and dashboard plastics. Phthalic anhydride is also necessary for the synthesis of alkyd resins, which are employed in coatings and paints for automobiles. These resins provide automobiles with a glossy finish and a protective layer that protects against mechanical wear and weathering. Thus, phthalic anhydride contributes to both the operational durability and visual appeal of modern automobiles. As per the statistics provided by the Society of Indian Automobile Manufacturers (SIAM), the industry produced 25,931,867 automobiles between April 2022 and March 2023, which is a notable rise over the 23,040,066 vehicles produced between April 2021 and March 2022. The vehicles produced were passenger automobiles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles.

Phthalic Anhydride News

The report covers the latest developments, updates, and trends impacting the global phthalic anhydride industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in phthalic anhydride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the phthalic anhydride price trend.

Latest developments in the phthalic anhydride industry:

• June 2023: KLJ Group inaugurated a state-of-the-art Plasticizers and Phthalic Anhydride production facility in Gujarat. The annual production capacity of Phthalate Plasticizers is 300,000 MT and Phthalic Anhydride is 100,000 MT to cater to market demands and expand product range.
• November 2021: IG Petrochemicals Ltd. invested Rs. 345 crores in a brownfield expansion to increase Phthalic anhydride capacity by 53,000 MTPA. The primary objective of this expansion is to meet the growing demand for Phthalic anhydride and address any supply gaps in the market.
• June 2021: Thirumalai Chemicals launched its Phthalic Anhydride plant in Dahej, Gujarat, with a capacity of 24,000 TPA, primarily targeting users in Western India. The investment of Rs 135 Crores, sourced from internal accruals and bank borrowings, underscores their commitment to expansion.

Product Description

Phthalic anhydride is a colorless to white, glossy solid chemical compound that has a faint, distinguishing smell. It is produced predominantly through the oxidation of ortho-xylene or naphthalene in the presence of a vanadium pentoxide catalyst. It plays a key role in the production of plasticizers like dioctyl phthalate, which are necessary for making flexible polyvinyl chloride (PVC) that is used in automobiles and construction. It is essential for the creation of alkyd resins, which are used in paints and varnishes to improve the longevity and visual appeal of products. It also finds application in the production of certain agrochemicals and polyester resins. In addition, phthalic anhydride serves as an intermediary in the production of pigments and dyes. It is employed in the synthesis of anthraquinone, a precursor to a number of colors used in inks and fabrics.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of phthalic anhydride pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting phthalic anhydride price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The phthalic anhydride price charts ensure our clients remain at the forefront of the industry.