Solvent Recovery & Recycling

Global Solvent Recovery & Recycling Market to Reach US$1.3 Billion by 2030

The global market for Solvent Recovery & Recycling estimated at US$1.1 Billion in the year 2024, is expected to reach US$1.3 Billion by 2030, growing at a CAGR of 3.3% over the analysis period 2024-2030. N-Methyl-2-Pyrrolidone (NMP) Solvent, one of the segments analyzed in the report, is expected to record a 4.2% CAGR and reach US$276.0 Million by the end of the analysis period. Growth in the Acetone Solvent segment is estimated at 4.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$294.8 Million While China is Forecast to Grow at 6.4% CAGR

The Solvent Recovery & Recycling market in the U.S. is estimated at US$294.8 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$274.7 Million by the year 2030 trailing a CAGR of 6.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.9% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Global Solvent Recovery & Recycling Market - Key Trends and Drivers Summarized

Solvent recovery and recycling is a crucial process within various industrial sectors, involving the collection and purification of used solvents for reuse. This practice not only minimizes waste but also reduces the need for purchasing new solvents, thereby offering both environmental and economic benefits. The process typically involves distillation, filtration, and other separation techniques to remove contaminants and restore the solvent to its original quality. Industries such as pharmaceuticals, chemicals, paints, and coatings heavily rely on solvents, making solvent recovery and recycling an integral part of their operational efficiency and sustainability strategies.

The significance of solvent recovery and recycling has been underscored by increasing regulatory pressures and a growing emphasis on sustainable practices. Governments worldwide are enforcing stringent regulations on the disposal of hazardous waste, prompting industries to adopt more sustainable waste management practices. Additionally, the rising costs of raw materials and the volatility of solvent prices are compelling companies to seek cost-effective alternatives, such as recycling. Technological advancements have also played a pivotal role, with modern solvent recovery systems offering higher efficiency, better purity levels, and improved safety features. These innovations are not only reducing the environmental footprint of industrial operations but also enhancing their profitability by lowering waste disposal and raw material costs.

The growth in the solvent recovery and recycling market is driven by several factors. Firstly, the increased adoption of circular economy principles is pushing industries towards more sustainable and resource-efficient practices. This shift is particularly evident in regions with stringent environmental regulations, such as Europe and North America. Secondly, advancements in recovery technologies, including the development of automated and highly efficient systems, are making solvent recycling more feasible and attractive to a wider range of industries. Thirdly, the rising awareness among consumers and businesses about environmental sustainability is creating a demand for greener products and practices, encouraging industries to invest in solvent recovery solutions. Lastly, the economic benefits of reducing raw material costs and minimizing waste disposal fees are compelling more companies to integrate solvent recovery into their operations. These drivers collectively ensure that the solvent recovery and recycling market is poised for robust growth in the coming years.

 

SCOPE OF STUDY:

The report analyzes the Solvent Recovery & Recycling market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Solvent Type (N-Methyl-2-Pyrrolidone (NMP) Solvent; Acetone Solvent; Dimethyl Sulfoxide (DMSO) Solvent; 1,4-Dioxane Solvent; N, N-Dimethylformamide (DMF) Solvent; N, N-Dimethylacetamide (DMAC) Solvent; Cresol Solvent; Other Solvent Types); End-Use (Paints & Coatings End-Use, Chemicals End-Use, Pharmaceuticals End-Use, Printing End-Use, Electronics End-Use, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 34 Featured) -

• Börger GmbH
• CBG Biotech Ltd
• Clean Harbors, Inc.
• CleanPlanet Chemical
• Cyclesolv LLC
• Dalal Engineering Pvt. Ltd.
• Goel Scientific Glass Works Ltd.
• Grupo Tradebe Medioambiente, s.l.
• Indaver
• Jacobi Carbons AB (Sweden)
• Maratek Environmental
• Pragmatic Environmental Solutions Company
• Shinko Organic Chemical Industry Ltd.
• Veolia Environnement S.A.
• Vertec Biosolvents, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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