Austin, TX, USA, Oct. 08, 2024 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Solvent Recovery and Recycling Market Size, Trends and Insights By Product Type (On-Site, Off-Site), By Process Technology (Adsorption, Distillation, Liquid-Liquid Extraction, Membrane Separation), By Application (Paints & Coatings, Printing, Chemicals, Electronics, Pharmaceuticals), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.
“According to the latest research study, the demand of global Solvent Recovery and Recycling Market size & share was valued at approximately USD 1.1 Billion in 2023 and is expected to reach USD 1.2 Billion in 2024 and is expected to reach a value of around USD 2.3 Billion by 2033, at a compound annual growth rate (CAGR) of about 6.7% during the forecast period 2024 to 2033.”
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Solvent Recovery and Recycling Market: Overview
Solvent recovery and recycling involve processes aimed at reclaiming and reusing solvents used in various industrial applications, such as manufacturing, chemical processing, and pharmaceutical production. These solvents, which can include organic compounds like acetone, methanol, toluene, and ethyl acetate, are often employed for their solvent properties in dissolving, dispersing, or diluting other substances.
An emerging trend in solvent recovery and recycling is the adoption of advanced technologies to improve efficiency and sustainability. Companies are increasingly investing in innovative processes such as membrane filtration, supercritical fluid extraction, and advanced distillation techniques to enhance solvent recovery rates and reduce energy consumption.
These technologies enable more precise separation and purification of solvents from waste streams, resulting in higher-quality recovered products suitable for reuse in various industrial applications. Another trend is the implementation of closed-loop systems and integrated waste management solutions.
Companies are focusing on creating closed-loop processes where solvents are continuously recycled within their operations, minimizing the need for fresh solvent procurement and reducing waste generation.
Additionally, there is a growing emphasis on holistic waste management strategies that prioritize solvent recovery and recycling alongside other sustainable practices such as waste reduction, reuse, and energy recovery. These trends reflect the industry’s commitment to maximizing resource efficiency, reducing environmental impact, and driving towards a circular economy model.
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By product type, on-site segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. On-site solvent recovery and recycling solutions enable industries to efficiently reclaim and reuse solvents from their processes, reducing waste and environmental impact while improving resource efficiency and cost-effectiveness.
By process technology, the distillation segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Distillation is a separation process used to purify liquids by heating them to their boiling points, and then collecting and condensing the vapors to separate components based on their different boiling points.
By application, the Paints & Coatings segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Paints & coatings are essential for protecting and beautifying surfaces in various industries. They provide durability, corrosion resistance, and aesthetic appeal to surfaces, enhancing functionality and appearance in diverse applications.
North America’s solvent recovery and recycling industry thrives through companies like Maratek, Clean Harbors, and Veolia, employing advanced technologies to sustainably manage industrial solvents and reduce environmental impact.
Clean Harbors, Inc. is an American provider of environmental and industrial services, including hazardous waste disposal for companies, small waste generators and federal, state, provincial and local governments.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 1.2 Billion |
| Projected Market Size in 2033 | USD 2.3 Billion |
| Market Size in 2023 | USD 1.1 Billion |
| CAGR Growth Rate | 6.7% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Process Technology, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
(A free sample of the Solvent Recovery and Recycling report is available upon request; please contact us for more information.)
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Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Solvent Recovery and Recycling report has been modified to include the COVID-19 impact study prior to delivery.)
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CMI has comprehensively analyzed the Global Solvent Recovery and Recycling market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Solvent Recovery and Recycling industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
Key questions answered in this report:
- What is the size of the Solvent Recovery and Recycling market and what is its expected growth rate?
- What are the primary driving factors that push the Solvent Recovery and Recycling market forward?
- What are the Solvent Recovery and Recycling Industry’s top companies?
- What are the different categories that the Solvent Recovery and Recycling Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Solvent Recovery and Recycling market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2024−2033
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Solvent Recovery and Recycling Market: Regional Analysis
By region, Solvent Recovery and Recycling market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Solvent Recovery and Recycling market in 2023 with a market share of 43.5% and is expected to keep its dominance during the forecast period 2024-2033.
North America is propelling the solvent recovery and recycling market through a combination of regulatory initiatives, technological advancements, and sustainability goals. Stringent environmental regulations mandate the proper management and disposal of industrial solvents, prompting industries to adopt solvent recovery and recycling solutions to minimize waste and emissions.
Technological innovations in solvent recovery processes, such as distillation, adsorption, and membrane filtration, enable more efficient and cost-effective recovery of solvents from waste streams. Moreover, the region’s strong emphasis on sustainability and corporate responsibility encourages businesses to prioritize solvent recycling as part of their waste reduction and resource conservation strategies.
Additionally, government incentives, tax credits, and grants further incentivize investments in solvent recovery and recycling infrastructure, driving market growth. Collaborations between industry players, research institutions, and government agencies foster innovation and knowledge exchange, positioning North America at the forefront of solvent recovery and recycling technologies and practices.
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Browse the full “Solvent Recovery and Recycling Market Size, Trends and Insights By Product Type (On-Site, Off-Site), By Process Technology (Adsorption, Distillation, Liquid-Liquid Extraction, Membrane Separation), By Application (Paints & Coatings, Printing, Chemicals, Electronics, Pharmaceuticals), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/solvent-recovery-and-recycling-market/
List of the prominent players in the Solvent Recovery and Recycling Market:
- Maratek
- Envirotec
- Tradebe
- Novasys Group
- OFRU Recycling
- Indaver
- Veolia
- Clean Planet Chemical
- CycleSolv
- Clean Harbors
- Nippon Refine
- Shinko Organic Chemical Industry
- Yang Linhong
- IST Pure
- CBG Technologies
- Quanzhou Tianlong
- CBG Biotech
- Others
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The Solvent Recovery and Recycling Market is segmented as follows:
By Product Type
- On-Site
- Off-Site
By Process Technology
- Adsorption
- Distillation
- Liquid-Liquid Extraction
- Membrane Separation
By Application
- Paints & Coatings
- Printing
- Chemicals
- Electronics
- Pharmaceuticals
Click Here to Get a Free Sample Report of the Global Solvent Recovery and Recycling Market @ https://www.custommarketinsights.com/report/solvent-recovery-and-recycling-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Solvent Recovery and Recycling Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Solvent Recovery and Recycling Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Solvent Recovery and Recycling Market? What Was the Capacity, Production Value, Cost and PROFIT of the Solvent Recovery and Recycling Market?
- What Is the Current Market Status of the Solvent Recovery and Recycling Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Solvent Recovery and Recycling Market by Considering Applications and Types?
- What Are Projections of the Global Solvent Recovery and Recycling Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Solvent Recovery and Recycling Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Solvent Recovery and Recycling Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Solvent Recovery and Recycling Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Solvent Recovery and Recycling Industry?
Click Here to Access a Free Sample Report of the Global Solvent Recovery and Recycling Market @ https://www.custommarketinsights.com/report/solvent-recovery-and-recycling-market/
Reasons to Purchase Solvent Recovery and Recycling Market Report
- Solvent Recovery and Recycling Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Solvent Recovery and Recycling Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Solvent Recovery and Recycling Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Solvent Recovery and Recycling Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Solvent Recovery and Recycling market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Solvent Recovery and Recycling market analysis.
- The competitive environment of current and potential participants in the Solvent Recovery and Recycling market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Solvent Recovery and Recycling market should find this report useful. The research will be useful to all market participants in the Solvent Recovery and Recycling industry.
- Managers in the Solvent Recovery and Recycling sector are interested in publishing up-to-date and projected data about the worldwide Solvent Recovery and Recycling market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Solvent Recovery and Recycling products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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