Solvent Recycling Market

By Facility Type;

On-Site Solvent Recycling and Off-Site Solvent Recycling

By Recycling Technology;

Distillation and Adsorption

By Source of Solvents;

Industrial Waste and Spent Solvents from Manufacturing Processes

By Application;

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

By Geography;

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

Solvent Recycling Market Overview

Solvent Recycling Market (USD Million)

Solvent Recycling Market was valued at USD 1,098.42 million in the year 2024. 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%.


Solvent Recycling Market

*Market size in USD million

CAGR 4.1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.1 %
Market Size (2024)USD 1,098.42 Million
Market Size (2031)USD 1,455.20 Million
Market ConcentrationHigh
Report Pages368
1,098.42
2024
1,455.20
2031

Major Players

  • Veolia Environnement S.A.
  • Clean Harbors, Inc.
  • Safety-Kleen Systems, Inc.
  • Tradebe Environmental Services, LLC
  • Heritage-Crystal Clean, Inc.
  • SUEZ SA
  • Loop Industries, Inc.
  • Recycling Technologies Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Solvent Recycling Market

Fragmented - Highly competitive market without dominant players


The Solvent Recycling Market is witnessing a significant transformation, driven by the increasing focus on sustainability and cost-saving practices across industries. Solvent recycling involves the recovery and reuse of solvents used in manufacturing processes, helping businesses reduce waste and enhance operational efficiency. The adoption of solvent recycling technologies has surged by over 30%, as industries are becoming more environmentally conscious and regulatory pressures tighten.

Key Drivers Accelerating Growth
The growing demand for eco-friendly solutions is one of the key factors contributing to the market's rapid expansion. Businesses are increasingly turning to solvent recycling to meet stringent environmental regulations while maintaining profitability. Recycling rates for solvents have improved by more than 25%, indicating a shift towards more sustainable practices in industrial processes.

Advancements Strengthening Market Adoption
Technological advancements in solvent recycling technologies have played a crucial role in market growth. With the introduction of advanced filtration and distillation techniques, solvent recovery has become more efficient, enabling companies to lower production costs. The efficiency improvements in these systems have led to an increase of over 20% in the adoption rate across industries like pharmaceuticals, chemicals, and paint & coatings.

Growth Prospects and Industry Outlook
The cost-efficiency of solvent recycling is a significant driver of market growth. By reducing the need for fresh solvent purchases, businesses can achieve substantial cost savings. Approximately 40% of companies involved in manufacturing are now investing in recycling technologies, recognizing the long-term financial benefits of solvent recovery.

  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 Recycling Technology
    3. Market Snapshot, By Source of Solvents
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. 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. Solvent Recycling Market, By Facility Type, 2023 - 2033 (USD Million)
      1. On-Site Solvent Recycling
      2. Off-Site Solvent Recycling
    2. Solvent Recycling Market, By Recycling Technology, 2023 - 2033 (USD Million)

      1. Distillation

      2. Adsorption

    3. Solvent Recycling Market, By Source of Solvents, 2023 - 2033 (USD Million)

      1. Industrial Waste

      2. Spent Solvents from Manufacturing Processes

    4. 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
    5. 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. Veolia Environnement S.A.
      2. CleanPlanet Chemical
      3. CycleSolv
      4. CBG Biotech
      5. Clean Harbors Inc.
      6. GFL Environmental Inc.
      7. Grupo Tradebe Medio Ambiente Sociedad Limitada (Tradebe)
      8. Maratek Environmental Inc.
      9. Polaris Srl
      10. Shinko Organic Chemical Industry Ltd (Osaka Organic Chemical Industry Ltd)
      11. Chemische Werke Kluthe GmbH (Kluthe / Rematec)
  7. Analyst Views
  8. Future Outlook of the Market