Acetic Anhydride Market Analysis - Forecast (2021 - 2026)
Acetic anhydride is obtained through the carbonylation of acetate. Acetic anhydride is a colorless solution which has a pungent odor. Acetic anhydride is majorly consumed in cellulose acetates. Cellulose acetate flakes are used in producing cigarette filters, plastics and filament yarns. The market for acetic anhydride is mainly driven by huge demand from cigarette tow market. Cellulose acetate is a key component in cigarettes. In addition to this, Acetic anhydride is also used in fragrances as well as for dyes. In this regard, there is a huge demand for acetic anhydride from the textile industry which is well established in Europe. The APAC region is experiencing high growth in the textile industry primarily because of the high export requirements in the region. Countries like India, Sri Lanka and Malaysia are exporters of textiles as either finished products or as products to supplement the finished products in countries like Italy and France. As such, the textile industry is a key ...