The global market for Solvent Recovery & Recycling was valued at US$1.1 Billion in 2024 and is projected to reach US$1.3 Billion by 2030, growing at a CAGR of 3.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The significance of solvent recovery and recycling has been underscored by increasing regulatory pressures and a growing emphasis on sustainable practices. Governments worldwide are enforcing stringent regulations on the disposal of hazardous waste, prompting industries to adopt more sustainable waste management practices. Additionally, the rising costs of raw materials and the volatility of solvent prices are compelling companies to seek cost-effective alternatives, such as recycling. Technological advancements have also played a pivotal role, with modern solvent recovery systems offering higher efficiency, better purity levels, and improved safety features. These innovations are not only reducing the environmental footprint of industrial operations but also enhancing their profitability by lowering waste disposal and raw material costs.
The growth in the solvent recovery and recycling market is driven by several factors. Firstly, the increased adoption of circular economy principles is pushing industries towards more sustainable and resource-efficient practices. This shift is particularly evident in regions with stringent environmental regulations, such as Europe and North America. Secondly, advancements in recovery technologies, including the development of automated and highly efficient systems, are making solvent recycling more feasible and attractive to a wider range of industries. Thirdly, the rising awareness among consumers and businesses about environmental sustainability is creating a demand for greener products and practices, encouraging industries to invest in solvent recovery solutions. Lastly, the economic benefits of reducing raw material costs and minimizing waste disposal fees are compelling more companies to integrate solvent recovery into their operations. These drivers collectively ensure that the solvent recovery and recycling market is poised for robust growth in the coming years.
Global Solvent Recovery & Recycling Market - Key Trends and Drivers Summarized
Solvent recovery and recycling is a crucial process within various industrial sectors, involving the collection and purification of used solvents for reuse. This practice not only minimizes waste but also reduces the need for purchasing new solvents, thereby offering both environmental and economic benefits. The process typically involves distillation, filtration, and other separation techniques to remove contaminants and restore the solvent to its original quality. Industries such as pharmaceuticals, chemicals, paints, and coatings heavily rely on solvents, making solvent recovery and recycling an integral part of their operational efficiency and sustainability strategies.The significance of solvent recovery and recycling has been underscored by increasing regulatory pressures and a growing emphasis on sustainable practices. Governments worldwide are enforcing stringent regulations on the disposal of hazardous waste, prompting industries to adopt more sustainable waste management practices. Additionally, the rising costs of raw materials and the volatility of solvent prices are compelling companies to seek cost-effective alternatives, such as recycling. Technological advancements have also played a pivotal role, with modern solvent recovery systems offering higher efficiency, better purity levels, and improved safety features. These innovations are not only reducing the environmental footprint of industrial operations but also enhancing their profitability by lowering waste disposal and raw material costs.
The growth in the solvent recovery and recycling market is driven by several factors. Firstly, the increased adoption of circular economy principles is pushing industries towards more sustainable and resource-efficient practices. This shift is particularly evident in regions with stringent environmental regulations, such as Europe and North America. Secondly, advancements in recovery technologies, including the development of automated and highly efficient systems, are making solvent recycling more feasible and attractive to a wider range of industries. Thirdly, the rising awareness among consumers and businesses about environmental sustainability is creating a demand for greener products and practices, encouraging industries to invest in solvent recovery solutions. Lastly, the economic benefits of reducing raw material costs and minimizing waste disposal fees are compelling more companies to integrate solvent recovery into their operations. These drivers collectively ensure that the solvent recovery and recycling market is poised for robust growth in the coming years.
Report Scope
The report analyzes the Solvent Recovery & Recycling market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Solvent Type (N-Methyl-2-Pyrrolidone (NMP) Solvent; Acetone Solvent; Dimethyl Sulfoxide (DMSO) Solvent; 1,4-Dioxane Solvent; N, N-Dimethylformamide (DMF) Solvent; N, N-Dimethylacetamide (DMAC) Solvent; Cresol Solvent; Other Solvent Types); End-Use (Paints & Coatings End-Use, Chemicals End-Use, Pharmaceuticals End-Use, Printing End-Use, Electronics End-Use, Other End-Uses).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the N-Methyl-2-Pyrrolidone (NMP) Solvent segment, which is expected to reach US$276 Million by 2030 with a CAGR of a 4.2%. The Acetone Solvent segment is also set to grow at 4.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $294.8 Million in 2024, and China, forecasted to grow at an impressive 6.4% CAGR to reach $274.7 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Börger GmbH, CBG Biotech Ltd, Clean Harbors, Inc., CleanPlanet Chemical, Cyclesolv LLC and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Solvent Recovery & Recycling Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Solvent Recovery & Recycling Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Solvent Recovery & Recycling Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 34 major companies featured in this Solvent Recovery & Recycling market report include:
- Börger GmbH
- CBG Biotech Ltd
- Clean Harbors, Inc.
- CleanPlanet Chemical
- Cyclesolv LLC
- Dalal Engineering Pvt. Ltd.
- Goel Scientific Glass Works Ltd.
- Grupo Tradebe Medioambiente, s.l.
- Indaver
- Jacobi Carbons AB (Sweden)
- Maratek Environmental
- Pragmatic Environmental Solutions Company
- Shinko Organic Chemical Industry Ltd.
- Veolia Environnement S.A.
- Vertec Biosolvents, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Börger GmbH
- CBG Biotech Ltd
- Clean Harbors, Inc.
- CleanPlanet Chemical
- Cyclesolv LLC
- Dalal Engineering Pvt. Ltd.
- Goel Scientific Glass Works Ltd.
- Grupo Tradebe Medioambiente, s.l.
- Indaver
- Jacobi Carbons AB (Sweden)
- Maratek Environmental
- Pragmatic Environmental Solutions Company
- Shinko Organic Chemical Industry Ltd.
- Veolia Environnement S.A.
- Vertec Biosolvents, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 295 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.1 Billion |
| Forecasted Market Value ( USD | $ 1.3 Billion |
| Compound Annual Growth Rate | 3.3% |
| Regions Covered | Global |
