Solvent Recycling Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Global Solvent Recycling Market: By Type (Off-site Solvent Recycling and On-site Solvent Recycling), By Application (Printing Industry, Pharmaceuticals Industry, Painting and Coating Industry and Oil and Chemical Industry), By Distribution Channel (Distributor and Direct Sales) and Geography

 

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Report

Description

The global solvent recycling market size value USD 979.0 in 2020 and expected to reach to reach USD 1,296.9 by 2028, at a CAGR of 4.1% during the forecast period 2021-2028. Increasing focus on the impact of solvent recycling on the environment, strong focus on the creation of an environmentally sustainable industrial framework and introduction of cost advantages in the processes are some key factors fostering the market growth. However, factors such as huge investments on R & D and high installation and maintained cost are hindering the market growth. Although the worldwide solvent recycling business has been around for a while, it has only just begun to acquire traction. The technology for enhancing the efficiency and viability of the entire process is still evolving and will do so for the foreseeable future. The Solvent Recycling Equipment uses a distillation process to extract accumulated sand particles and hydrocarbons from solvent, allowing it to be recycled back into usable solvent. Most solvents used in processes including electroplating, metal finishing, paint and powder coating, parts washing, and vapour degreasing may be recycled, lowering the cost of new solvents and decreasing disposal difficulties.

Key Developments:

In 2019, Tradebe Expands Recycle/Reuse Capacity In US. This expansion helps to better serve clients and improve internal operations. With this important enhancement to expertise, industry leaders in automotive, chemical production, petroleum recovery, and other sectors will have more opportunities to improve sustainability and cost management.

In Feb 2019, Tradebe Acquired Aaron Oil Company. Tradebe’s service portfolio grows geographically with this acquisition, including Industrial and Field Services, Used Oil collection and recycling, Petroleum (tank bottom) recycling, and Maritime services. Along with these new features, Tradebe inherits the Aaron Oil team’s extensive experience and technical skills.

Solvent Recycling Market

MARKET SUMMARY
-
4.1% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.1%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Solvent Recycling Market

  • Solvent Recycling Market report gives comprehensive outlook on solvent recycling across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global solvent recycling market gives historical, current, and future market sizes (US$ Mn) on the basis of type, application, distribution channel and region.
  • This report studies global solvent recycling market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the global solvent recycling market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global solvent recycling products.
Market Key Players
  • Yang Linhong
  • Veolia
  • Tradebe Shinko Organic Chemical Industry
  • Nippon Refine
  • Maratek Environmental
  • Gage Products Company
  • CycleSolv
  • Clean Planet Chemical
  • Clean Harbors
Growth

Solvent Recycling Market

Solvent recycling not only decreases solvent purchases and waste, it also diminishes environmental impact. Solvent recycling and recovery minimizes disposal costs, fresh chemical purchases and storage costs. They can have a positive effect on the environmental impact and hence the metrics of a given process. Solvent recovery and recycling systems are one way these companies can alleviate their impact on the environment, as well as advance safety standards and produce product more economically. Another advantage of recycling solvents is consistency of supply. While sourcing virgin or recycled solvents off-site can be interrupted by scarcity of supply or labor disputes and the like, managing the process in-house assures continuity of supply.


Asia-Pacific Got Significant Share

Solvent Recycling Market

Asia Pacific accounted for larger revenue share in global solvent recycling market with considerable CAGR. The growth in this region is due to rapid industrialization and focus of the authorities to protect the environment towards disposable of hazardous solvents. North America held substantial market share during estimated period owing to strong focus of countries towards the creation of an environmentally sustainable industrial framework. Also, Europe and Latin America are expected to offer huge growth opportunity for the market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global solvent recycling market expanding at significant CAGR over 2022 to 2028 due to introduction of cost advantages in the processes
  • Based on type, off-site solvent recycling segment accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global market

Key

Key Features of the Report

Solvent Recycling Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • Yang Linhong
  • Veolia
  • Tradebe
  • Shinko Organic Chemical Industry
  • Nippon Refine
  • Maratek Environmental
  • Gage Products Company
  • CycleSolv
  • Clean Planet Chemical
  • Clean Harbors

Description

The global solvent recycling market size value USD 979.0 in 2020 and expected to reach to reach USD 1,296.9 by 2028, at a CAGR of 4.1% during the forecast period 2021-2028. Increasing focus on the impact of solvent recycling on the environment, strong focus on the creation of an environmentally sustainable industrial framework and introduction of cost advantages in the processes are some key factors fostering the market growth. However, factors such as huge investments on R & D and high installation and maintained cost are hindering the market growth. Although the worldwide solvent recycling business has been around for a while, it has only just begun to acquire traction. The technology for enhancing the efficiency and viability of the entire process is still evolving and will do so for the foreseeable future. The Solvent Recycling Equipment uses a distillation process to extract accumulated sand particles and hydrocarbons from solvent, allowing it to be recycled back into usable solvent. Most solvents used in processes including electroplating, metal finishing, paint and powder coating, parts washing, and vapour degreasing may be recycled, lowering the cost of new solvents and decreasing disposal difficulties.

Key Developments:

In 2019, Tradebe Expands Recycle/Reuse Capacity In US. This expansion helps to better serve clients and improve internal operations. With this important enhancement to expertise, industry leaders in automotive, chemical production, petroleum recovery, and other sectors will have more opportunities to improve sustainability and cost management.

In Feb 2019, Tradebe Acquired Aaron Oil Company. Tradebe’s service portfolio grows geographically with this acquisition, including Industrial and Field Services, Used Oil collection and recycling, Petroleum (tank bottom) recycling, and Maritime services. Along with these new features, Tradebe inherits the Aaron Oil team’s extensive experience and technical skills.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX