Global Solvent Recycling Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Facility Type;

On-Site Solvent Recycling and Off-Site Solvent Recycling.

By Application;

Printing Industry, Painting & Coating Industry, Oil & Chemical Industry, Pharmaceuticals Industry, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn401993770 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Solvent Recycling Market (USD Million), 2021 - 2031

In the year 2024, the Global Solvent Recycling Market was valued at USD 1,098.42 million. The size of this market is expected to increase to USD 1,455.20 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.1%.

The global solvent recycling market is experiencing significant growth driven by increasing environmental regulations and the need for sustainable waste management solutions. Solvent recycling involves the process of recovering and reusing solvents from industrial operations, which not only reduces the volume of hazardous waste but also minimizes the environmental impact associated with solvent disposal. As industries strive to comply with stricter environmental policies, the demand for efficient solvent recovery systems and technologies has surged, making solvent recycling an integral component of industrial waste management strategies.

Technological advancements are playing a crucial role in the expansion of the solvent recycling market. Innovative methods, such as distillation, adsorption, and membrane separation, are being increasingly adopted to enhance the efficiency and effectiveness of solvent recovery processes. These technologies not only improve the quality of recovered solvents but also ensure that the recycling process meets the high standards of purity required for reuse. As companies seek to optimize their operations and reduce costs, the adoption of advanced solvent recycling technologies is expected to rise, further driving market growth.

The market is also influenced by the rising awareness of sustainability among consumers and businesses alike. Companies across various industries, including pharmaceuticals, chemicals, and automotive, are increasingly recognizing the benefits of solvent recycling, such as cost savings and reduced environmental impact. This growing awareness is leading to the development of more sophisticated recycling systems and practices, contributing to the overall expansion of the market. As sustainability becomes a key focus for businesses worldwide, the global solvent recycling market is poised for continued growth and innovation.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Facility Type
    2. Market Snapshot, By Region
    3. Market Opportunity Map
  4. Global Solvent Recycling Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
      2. Restraints
      3. Opportunities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Industry Rivalry
  5. Market Segmentation
    1. Global Solvent Recycling Market, By Facility Type, 2023 - 2033 (USD Million)
      On-Site Solvent Recycling
      Off-Site Solvent Recycling
    2. Global Solvent Recycling Market, By Application, 2023 - 2033 (USD Million)
      1. Printing Industry
      2. Painting & Coating Industry
      3. Oil & Chemical Industry
      4. Pharmaceuticals Industry
      5. Others
    3. Global Solvent Recycling Market, By Geography, 2023 - 2033 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Clean Planet Chemical
      2. IST Pure
      3. Maratek Environmental
      4. Veolia
  7. Analyst Views
  8. Future Outlook of the Market