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.
This report contains market size and forecasts of Solvent Recycling in global, including the following market information:
Global Solvent Recycling Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Solvent Recycling Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Solvent Recycling companies in 2021 (%)
The global Solvent Recycling market was valued at 1009.6 million in 2021 and is projected to reach US$ 1321.8 million by 2028, at a CAGR of 3.9% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
On-Site Solvent Recycling Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Solvent Recycling include Veolia, Clean Planet Chemical, CycleSolv, Tradebe, Clean Harbors, Nippon Refine, Shinko Organic Chemical Industry, Yang Linhong and Maratek Environmental, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Solvent Recycling manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Solvent Recycling Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Solvent Recycling Market Segment Percentages, by Type, 2021 (%)
On-Site Solvent Recycling
Off-Site Solvent Recycling
Global Solvent Recycling Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Solvent Recycling Market Segment Percentages, by Application, 2021 (%)
Printing Industry
Painting & Coating Industry
Oil & Chemical Industry
Pharmaceuticals Industry
Others
Global Solvent Recycling Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Solvent Recycling Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Solvent Recycling revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Solvent Recycling revenues share in global market, 2021 (%)
Key companies Solvent Recycling sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Solvent Recycling sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Veolia
Clean Planet Chemical
CycleSolv
Tradebe
Clean Harbors
Nippon Refine
Shinko Organic Chemical Industry
Yang Linhong
Maratek Environmental
IST Pure
CBG Technologies
Quanzhou Tianlong