Global Solvent Recycling Market Growth 2023-2029

Global Solvent Recycling Market Growth 2023-2029

Solvent recycling is the process of taking used, dirty solvents and cleaning them until the solvent is returned to its pure form or to any acceptable specification. Used solvents are placed in a solvent recycler and “put through a process that fractionates and distills them from the chemicals that made them dirty — those introduced to create a reaction with the solvent.” Aside from the positive environmental impact from solvent recycling, a key benefit is cost reduction. Companies don’t need to buy the same amount of solvent, because it can be recycled, and disposal fees are greatly reduced with less of the dirty solvent discarded. This can be true for any segment of industry that uses solvents, including laboratories, auto body shops, paint shops and paint contractors.

In the solvent recycling market, there are three types of vendors. Some companies like Clean Planet Chemical, can offer recycling technology and provide recycling service, and customers are charged for the recycled solvent. The other type is that companies like IST Pure, mainly take selling solvent recycling machines as their key business. The third type is that companies like Maratek Environmental can both provide service and sell machines.

In this report, “Sales (K MT)” means the waste solvent handling volume of companies providing recycling service. And the "Sales Revenue (Million USD)" and "Price (USD/MT)" means the revenue and handling price for the recycling waste solvent respectively.

LPI (LP Information)' newest research report, the “Solvent Recycling Industry Forecast” looks at past sales and reviews total world Solvent Recycling sales in 2022, providing a comprehensive analysis by region and market sector of projected Solvent Recycling sales for 2023 through 2029. With Solvent Recycling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solvent Recycling industry.

This Insight Report provides a comprehensive analysis of the global Solvent Recycling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solvent Recycling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Solvent Recycling market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solvent Recycling and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solvent Recycling.

The global Solvent Recycling market size is projected to grow from US$ 959.9 million in 2022 to US$ 1284.8 million in 2029; it is expected to grow at a CAGR of 1284.8 from 2023 to 2029.

The main players including Veolia, Clean Planet Chemical, CycleSolv, Tradebe and Clean Harbors. The top five companies occupied about 55% sales revenue share.

This report presents a comprehensive overview, market shares, and growth opportunities of Solvent Recycling market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

On-Site Solvent Recycling

Off-Site Solvent Recycling

Segmentation by application

Printing Industry

Painting & Coating Industry

Oil & Chemical Industry

Pharmaceuticals Industry

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Veolia

Clean Planet Chemical

CycleSolv

Tradebe

Clean Harbors

Nippon Refine

Shinko Organic Chemical Industry

Yang Linhong

Maratek Environmental

IST Pure

CBG Technologies

Quanzhou Tianlong

Key Questions Addressed in this Report

What is the 10-year outlook for the global Solvent Recycling market?

What factors are driving Solvent Recycling market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Solvent Recycling market opportunities vary by end market size?

How does Solvent Recycling break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.