During the first quarter of 2022, Phthalic Anhydride Pricing rose rapidly due to the soaring upstream crude values and feedstock O-Xylene prices. Moreover, skyrocketing freight charges and container shortage resulted in a delay in supply, affecting Phthalic Anhydride market. Furthermore, continuous market growth was attributed to the high demand for Phthalic Anhydride in the formulation of Polycarbonate plastics, fungicides, Resins, and Amines in paint & coatings, construction, and automotive industries. Prices of Phthalic Anhydride in the US towards the end of the quarter surged to USD 1791 per MT for FOB Louisiana in March.