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 2018, the global Solvent Recovery and Recycling market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Solvent Recovery and Recycling status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Solvent Recovery and Recycling development in United States, Europe and China.
The key players covered in this study
Clean Planet Chemical
Shinko Organic Chemical Industry
Market segment by Type, the product can be split into
On-site Solvent Recycling
Off-site Solvent Recycling
Market segment by Application, split into
Painting & Coating Industry
Oil & Chemical Industry
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Solvent Recovery and Recycling status, future forecast, growth opportunity, key market and key players.
To present the Solvent Recovery and Recycling development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Solvent Recovery and Recycling are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.