Market Overview:
The global solvent recovery and recycling market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for solvents in various industries, such as printing, painting & coating, oil & chemical, pharmaceuticals and others. In addition, stringent environmental regulations regarding the use and disposal of solvents are also fueling the growth of the global solvent recovery and recycling market. On-site solvent recycling is expected to hold a major share in the global solvent recovery and recycling market during the forecast period. This can be attributed to its advantages over off-site solvent recycling such as lower transportation costs and shorter turnaround time.
Product Definition:
The recycling of solvents is a critical part of any organization's waste management program. Solvent recovery and recycling reduces the amount of pollutants released into the environment, and it also conserves natural resources. In addition, solvent recycling can help organizations save money by reducing the need for new solvents.
On-site Solvent Recycling:
On-site solvent recycling is a process of recovering solvents from the waste stream by concentrating them on-site at industrial facilities. On-site solvent recycling systems are designed to separate harmful substances present in the waste stream, which are then treated and concentrated to produce valuable products such as naphtha, water, and glycols (a type of hydrate). These valuable products can be further sold for use in other processes or can be disposed of safely into landfills.
Off-site Solvent Recycling:
Off-site solvent recycling is the process of collecting and processing used solvents from industrial, commercial, and household settings. It is a safe method that does not require any additional waste or natural resources to obtain recycled solvents. In this process, old products are broken down into their component parts using specialized equipment. These components are then processed through various chemical reactions to produce new products which can be further utilized in numerous applications such as cleaning agents and paints among others.
Application Insights:
The printing industry was the largest application segment in 2016 and is expected to witness significant growth over the forecast period. The global solvent recovery and recycling market in the printing industry was valued at USD 546.5 million in 2016 owing to growing demand for recycled solvents from various applications including inkjet, gravure, digital, and flexographic printers.
Global solvent recovery.
The oil & chemical industry is also one of the major consumers of these recyclable solvents as they are used extensively for dissolving difficultly soluble compounds such as polymers & resins which are used for manufacturing industrial machinery components along with other hydraulic fluids & lubricants required in various industries such as metalworking, cement production etc. Increasing investments by companies operating within this sector to enhance their technological capabilities coupled with rising need to reduce environmental impact will drive demand further over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing awareness regarding environmental protection and sustainability, rising government initiatives, availability of skilled labor at low cost along with high demand from end-use industries.
The Asia Pacific held a significant share in 2016 owing to growing industrialization and rapid urbanization in emerging economies such as China and India. In addition, governments are taking various measures for solvent recovery & recycling including imposition of taxes on waste disposal services which will further drive the market growth over the forecast period.
Europe was estimated as one of the largest regional markets in 2016 owing to stringent regulations imposed by European Union (EU) member states regarding waste management practices coupled with implementation of EU directives under Waste Electrical & Electronic Equipment (WEEE) directive 2004/42/EC and Landfill Gas Directive 1999/31/EC respectively.
Growth Factors:
- Increasing environmental awareness and the need to reduce waste: The solvent recovery and recycling market is expected to grow as companies become more environmentally conscious and seek to reduce their waste output.
- Stringent regulations on solvent emissions: Governments are increasingly implementing stringent regulations on solvent emissions, which is driving the adoption of solvent recovery and recycling technologies.
- Rising prices for virgin solvents: The price of virgin solvents has been rising in recent years, making the use of recycled solvents more cost-effective. This is expected to spur demand for solvent recovery and recycling technologies in the coming years.
- Growing demand for recycled solvents in key end-markets: There is growing demand for recycled solvents in key end-markets such as printing, electronics, adhesives, coatings, and composites manufacturing. This is providing a strong impetus for the growth of the global solvent recovery and recycling market . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Solvent Recovery and Recycling Market Research Report
By Type
On-site Solvent Recycling, Off-site Solvent Recycling
By Application
Printing Industry, Painting & Coating Industry, Oil & Chemical Industry, Pharmaceuticals Industry, Others
By Companies
Veolia, Clean Planet Chemical, CycleSolv, Tradebe, Clean Harbors, Nippon Refine, Shinko Organic Chemical Industry, Yang Linhong, Maratek Environmental, IST Pure, CBG Technologies, Quanzhou Tianlong
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Solvent Recovery and Recycling Market Report Segments:
The global Solvent Recovery and Recycling market is segmented on the basis of:
Types
On-site Solvent Recycling, Off-site Solvent Recycling
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Printing Industry, Painting & Coating Industry, Oil & Chemical Industry, Pharmaceuticals Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Veolia
- Clean Planet Chemical
- CycleSolv
- Tradebe
- Clean Harbors
- Nippon Refine
- Shinko Organic Chemical Industry
- Yang Linhong
- Maratek Environmental
- IST Pure
- CBG Technologies
- Quanzhou Tianlong
Highlights of The Solvent Recovery and Recycling Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-site Solvent Recycling
- Off-site Solvent Recycling
- By Application:
- Printing Industry
- Painting & Coating Industry
- Oil & Chemical Industry
- Pharmaceuticals Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solvent Recovery and Recycling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Solvent recovery and recycling is the process of recovering and recycling used solvents, including but not limited to: gasoline, diesel fuel, kerosene, oil paint and varnish.
Some of the key players operating in the solvent recovery and recycling market are Veolia, Clean Planet Chemical, CycleSolv, Tradebe, Clean Harbors, Nippon Refine, Shinko Organic Chemical Industry, Yang Linhong, Maratek Environmental, IST Pure, CBG Technologies, Quanzhou Tianlong.
The solvent recovery and recycling market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solvent Recovery and Recycling Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Solvent Recovery and Recycling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solvent Recovery and Recycling Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Solvent Recovery and Recycling Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Solvent Recovery and Recycling Market Size & Forecast, 2018-2028
4.5.1 Solvent Recovery and Recycling Market Size and Y-o-Y Growth
4.5.2 Solvent Recovery and Recycling Market Absolute $ Opportunity
Chapter 5 Global Solvent Recovery and Recycling Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Solvent Recovery and Recycling Market Size Forecast by Type
5.2.1 On-site Solvent Recycling
5.2.2 Off-site Solvent Recycling
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Solvent Recovery and Recycling Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Solvent Recovery and Recycling Market Size Forecast by Applications
6.2.1 Printing Industry
6.2.2 Painting & Coating Industry
6.2.3 Oil & Chemical Industry
6.2.4 Pharmaceuticals Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solvent Recovery and Recycling Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Solvent Recovery and Recycling Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Solvent Recovery and Recycling Analysis and Forecast
9.1 Introduction
9.2 North America Solvent Recovery and Recycling Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Solvent Recovery and Recycling Market Size Forecast by Type
9.6.1 On-site Solvent Recycling
9.6.2 Off-site Solvent Recycling
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Solvent Recovery and Recycling Market Size Forecast by Applications
9.10.1 Printing Industry
9.10.2 Painting & Coating Industry
9.10.3 Oil & Chemical Industry
9.10.4 Pharmaceuticals Industry
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Solvent Recovery and Recycling Analysis and Forecast
10.1 Introduction
10.2 Europe Solvent Recovery and Recycling Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Solvent Recovery and Recycling Market Size Forecast by Type
10.6.1 On-site Solvent Recycling
10.6.2 Off-site Solvent Recycling
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Solvent Recovery and Recycling Market Size Forecast by Applications
10.10.1 Printing Industry
10.10.2 Painting & Coating Industry
10.10.3 Oil & Chemical Industry
10.10.4 Pharmaceuticals Industry
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Solvent Recovery and Recycling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solvent Recovery and Recycling Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Solvent Recovery and Recycling Market Size Forecast by Type
11.6.1 On-site Solvent Recycling
11.6.2 Off-site Solvent Recycling
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Solvent Recovery and Recycling Market Size Forecast by Applications
11.10.1 Printing Industry
11.10.2 Painting & Coating Industry
11.10.3 Oil & Chemical Industry
11.10.4 Pharmaceuticals Industry
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Solvent Recovery and Recycling Analysis and Forecast
12.1 Introduction
12.2 Latin America Solvent Recovery and Recycling Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Solvent Recovery and Recycling Market Size Forecast by Type
12.6.1 On-site Solvent Recycling
12.6.2 Off-site Solvent Recycling
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Solvent Recovery and Recycling Market Size Forecast by Applications
12.10.1 Printing Industry
12.10.2 Painting & Coating Industry
12.10.3 Oil & Chemical Industry
12.10.4 Pharmaceuticals Industry
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Solvent Recovery and Recycling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solvent Recovery and Recycling Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Solvent Recovery and Recycling Market Size Forecast by Type
13.6.1 On-site Solvent Recycling
13.6.2 Off-site Solvent Recycling
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Solvent Recovery and Recycling Market Size Forecast by Applications
13.10.1 Printing Industry
13.10.2 Painting & Coating Industry
13.10.3 Oil & Chemical Industry
13.10.4 Pharmaceuticals Industry
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Solvent Recovery and Recycling Market: Competitive Dashboard
14.2 Global Solvent Recovery and Recycling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Veolia
14.3.2 Clean Planet Chemical
14.3.3 CycleSolv
14.3.4 Tradebe
14.3.5 Clean Harbors
14.3.6 Nippon Refine
14.3.7 Shinko Organic Chemical Industry
14.3.8 Yang Linhong
14.3.9 Maratek Environmental
14.3.10 IST Pure
14.3.11 CBG Technologies
14.3.12 Quanzhou Tianlong
