Phthalic Anhydride Price Trend Analysis 2026: Supply Demand Analysis, Historical Prices, Latest News, Market Insights & Price Drivers

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Written ByShriya Singh

Procurement Resource Database

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  • Global phthalic anhydride prices were mostly firm in Q1’26, with Asia seeing the strongest upward pressure, while Europe and North America were driven mainly by feedstock and logistics risk.
  • Feedstock pressure came from crude, naphtha, o-xylene, and industrial naphthalene. The Iran war and Strait of Hormuz disruption raised shipping uncertainty and tightened petrochemical trade sentiment from March.
  • Downstream demand from plasticizers, unsaturated polyester resins, coatings, and alkyd resins stayed steady. Buyers avoided heavy restocking, but limited availability and higher replacement costs supported firm offers.

Asia

In Asia, phthalic anhydride prices strengthened during Q1’26, especially in March, as crude and naphtha volatility lifted o-xylene and naphthalene costs. China also faced tighter supply due to lower plant operating rates, which improved seller confidence. The Strait of Hormuz disruption affected petrochemical cargo flows into India and other Asian destinations, with several offers withdrawn or suspended on March 2. Plasticizer demand improved as DOP operating rates recovered, allowing producers to pass on higher raw material costs.

Europe

In Europe, phthalic anhydride prices were mainly cost-led. Upstream crude and naphtha volatility affected contract discussions for petrochemical feedstocks, while the European xylenes and toluene market turned cautious as traders delayed spot volumes. Higher freight risk and reduced Middle East offers added replacement-cost pressure. Downstream demand from plasticizers, resins, and coatings remained steady, supporting firm offers despite cautious buying.

North America

In North America, phthalic anhydride market sentiment stayed steadier than Asia, but higher crude, freight, and global feedstock risk supported prices. The region benefited from shifting trade interest as disrupted Middle East flows made alternative cargoes more relevant. Demand from plasticizers, coatings, resins, and industrial applications remained moderate, so price support came mainly from replacement cost pressure.

About Phthalic Anhydride

Phthalic anhydride is the anhydride of phthalic acid and is a cyclic dicarboxylic anhydride. It is a 2-benzofuran and a cyclic dicarboxylic anhydride. Phthalic anhydride is a colourless to white lustrous solid with a mild distinctive odour.

Phthalic Anhydride Product Detail

HS Code
291735
Chemical Formula

C8H4O3

CAS Number
85-44-9
Molecular Weight
148.11 g/mol
Industrial Uses

Adhesives and sealant chemicals, Electrical and Electronic Products, Production of inks and dyes, Paints and Coatings

Synonyms

1,2-benzenedicarboxylic anhydride, Phthalandione

Supplier Database

BASF SE, Dow Chemicals, Lanxess AG, Dow Chemical Company, Avient Corporation, SABIC, Mitsubishi Chemical Corporation

Regional Coverage

Asia Pacific

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe

Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America

United States and Canada

Latin America

Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa

South Africa, Nigeria, Egypt, Algeria, Morocco

CurrencyUS$ (Data can also be provided in local currency)

Supplier Database AvailabilityYes

Customization ScopeThe report can be customized as per the requirements of the customer

Post-Sale Analyst Support360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Phthalic Anhydride Production Process

  • Production of Phthalic Anhydride via Oxidation

The commercial production of phthalic anhydride includes the gas-phase oxidation of naphthalene with a mixture of mercuric sulphur and copper sulphate in the presence of sulphuric acid.

Our Price Analysis Methodology

About the Author

Shriya Singh profile photo

Shriya Singh

Business Insights Analyst

Helping procurement and sourcing teams navigate complex markets through data-driven research, category intelligence, and actionable insights - with a focus on identifying market trends, analyzing supply-side developments, and delivering clear intelligence that supports informed business decisions.

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