Global Solvent Recovery Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Solvent Recovery Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Solvent recovery refers to the process of recovering and recycling solvents or extracting essential substances from the solvents produced in the manufacturing process. Solvent Recovery Equipment removes soils, debris and oils from used cleaning solvent through distillation, and allows for reuse of the cleaning solvent.

Market Overview:

The latest research study on the global Solvent Recovery Equipment market finds that the global Solvent Recovery Equipment market reached a value of USD 1088.58 million in 2022. It’s expected that the market will achieve USD 1500.92 million by 2028, exhibiting a CAGR of 5.5% during the forecast period.

Influence of COVID-19 Outbreak on Solvent Recovery Equipment Industry Development

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.

For the Solvent Recovery Equipment industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.

But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Dürr Group is one of the major players operating in the Solvent Recovery Equipment market, holding a share of 6.00% in 2021.

Dürr Group is a world-leading mechanical and equipment engineering enterprise with rich professional experience in automation and digitalization/industry 4.0. The Group provides products, systems and services to help multiple industries achieve efficient manufacturing processes. Dürr Group serves many industries such as automobile industry, mechanical engineering, chemistry, pharmacy and wood processing.

FORMECO, born in 1971, manufactures in the production facility located in Northern Italy, 4,200 m2 indoor on an area of 10,000 m2. Installing more than 40,000 machines, Formeco holds a world-wide leadership position in the production of recycling machines for waste water and solvents.

Segmentation Overview:

Among different product types, On-site Solvent Recovery Equipment segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Chemical segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Solvent Recovery Equipment market covered in Chapter 3:

SRS Engineering Corporation
Formeco
Maratek Environmental Inc.
NexGen Enviro Systems
CBG Biotech
Progressive Recovery, Inc.
HongYi
Nikkaki
Spooner Industries
Koch Modular Process Systems
KIMURA CHEMICAL PLANTS CO., LTD.
KOBEX Co., Ltd.
OFRU Recycling
Sulzer
Oregon Environmental Systems
International Surface Technologies
DW Renzmann
Uni-ram
Wintek Corporation
Dürr Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Solvent Recovery Equipment market from 2018 to 2029 is primarily split into:

On-site Solvent Recovery Equipment
Off-site Solvent Recovery Equipment

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Solvent Recovery Equipment market from 2018 to 2029 covers:

Automobile
Semiconductors
Chemical
Pharmaceuticals
Printing Industry
Painting & Coating
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)