As per the World Paints & Coatings Industry Association, the global paints & coatings market in 2018 witnessed an elevation by 4.9% to reach $164.9 billion. The progression can be attributed to the exploding construction sector disrupted by the demand to provide habitat for blooming global population. The global acetic acid market is determined to capitalize on such bourgeoning construction of infrastructures globally. A majority of acetic acid production is invested in the manufacturing of vinyl acetate monomer, or VAM, an integral component used to make essential construction commodities such as paints and adhesives. Increase in disposable income has diverted consumers towards affordability of architectural decorations hence supplementing the purchasing of paints and coatings. Textile industry is another major employer of acetic acid for its dyeing operations. Acetic acid is used as a buffering agent in dyeing the cloth with a particular color. Glacial acid, the undilut...