Global Bio-Based Ethyl Acetate Market Size Was Anticipated At Usd 542.17 Million By 2035 | CAGR Of 8.05%

Global Bio-Based Ethyl Acetate Market Size Was Anticipated At Usd 542.17 Million By 2035

According to a research report published by Spherical Insights & Consulting, The Global Bio-Based Ethyl Acetate Market Size Is Expected To Grow From USD 231.41 Million In 2024 To USD 542.17 Million By 2035, At A CAGR Of 8.05% During The Forecast Period 2025-2035.

Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On The "Global Bio-Based Ethyl Acetate Market Size, Share, and COVID-19 Impact Analysis, By Source (Sugar Cane, Cornstarch, and Others), By End-user (Pharmaceutical, Food Industry, Flexible Packaging, Coatings, Adhesives, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035. " Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/bio-based-ethyl-acetate-market

The bio-based ethyl acetate market centers on the production and use of ethyl acetate derived from renewable sources, such as bio-ethanol, as a sustainable alternative to petrochemical-based solvents. Its low toxicity, pleasant aroma, and biodegradability make it ideal for applications in paints, adhesives, printing inks, pharmaceuticals, cosmetics, and the food industry. Market growth is driven by increasing environmental regulations, green chemistry awareness, and the push to reduce volatile organic compounds (VOCs) and carbon footprints. Rising demand from the coatings, pharmaceutical, packaging, and food sectors, along with easy availability of bio-ethanol, government bio-economy support, and corporate sustainability initiatives, further accelerate the adoption of bio-based ethyl acetate globally. The bio-based ethyl acetate market faces challenges due to higher production costs than conventional solvents.

The sugar cane segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.

Based on the source, the bio-based ethyl acetate market is divided into sugar cane, cornstarch, and others. Among these, the sugar cane segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The sugarcane segment dominated the bio-based ethyl acetate market, driven by its high ethanol yield, cost-effectiveness, widespread availability, and sustainability, making it a preferred feedstock for producing eco-friendly solvents globally.

The coatings segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the end-user, the bio-based ethyl acetate market is divided into pharmaceutical, food industry, flexible packaging, coatings, adhesives, and others. Among these, the coatings segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The coatings segment led the bio-based ethyl acetate market, driven by rising demand for low-VOC, eco-friendly paints and coatings, increasing construction and automotive activities, and stricter environmental regulations worldwide.

Asia Pacific is expected to hold the majority share of the global bio-based ethyl acetate market during the forecast period.

Asia Pacific is expected to hold the majority share of the global bio-based ethyl acetate market during the forecast period. Rising domestic demand and export potential for bio-based products are boosting regional market growth, establishing it as a global leader. India, China, and Thailand drive this expansion, supported by government incentives, increasing bio-refinery capacity, and growing adoption of sustainable, low-VOC solvents.

North America is anticipated to grow at the fastest pace in the global bio-based ethyl acetate market during the forecast period. The growth of bio-based ethyl acetate in North America is boosted by expanding biorefineries and government incentives. The U.S. and Canada lead, supported by strict environmental regulations, significant green chemistry R&D, and increasing consumer demand for sustainable, eco-friendly products.

Major vendors in the global bio-based ethyl acetate market are IOL Chemicals and Pharmaceuticals Limited, Viridis Chemical, LLC, Eastman Chemical Company, Godavari Biorefineries Limited, BASF SE, SEKAB BioFuels & Chemicals AB, CropEnergies AG, Vertec Biosolvents Inc, Solvay S.A., INEOS Group, Celanese Corporation, Anhui Tiger Chemical, Daicel Corporation, Jubilant Pharmova Ltd., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development 

• In December 2023, Viridis Chemical’s commercial-scale renewable ethyl acetate won the Sustainable Chemicals Best Product award at the 25th Annual Platts Global Energy Awards. The honor, presented by S&P Global Commodity Insights, recognized industry excellence among winners from nearly a dozen countries across 21 performance categories.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the bio-based ethyl acetate market based on the below-mentioned segments:

Global Bio-Based Ethyl Acetate Market, By Source

• Sugar Cane
• Cornstarch
• Others

Global Bio-Based Ethyl Acetate Market, By End-user

• Pharmaceutical
• Food Industry
• Flexible Packaging
• Coatings
• Adhesives
• Others

 Global Bio-Based Ethyl Acetate Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 
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