Global Solvent Recovery and Recycling Market 2019 by Company, Regions, Type and Application, Forecast to 2024
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 dont 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.
Scope of the Report:
The global Solvent Recovery and Recycling market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2024, growing at a CAGR of xx% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Solvent Recovery and Recycling.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Solvent Recovery and Recycling market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Solvent Recovery and Recycling market by product type and applications/end industries.
Market Segment by Companies, this report covers
Veolia
Clean Planet Chemical
CycleSolv
Tradebe
Clean Harbors
Nippon Refine
Shinko Organic Chemical Industry
Yang Linhong
Maratek Environmental
IST Pure
CBG Technologies
Quanzhou Tianlong
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
On-site Solvent Recycling
Off-site Solvent Recycling
Market Segment by Applications, can be divided into
Printing Industry
Painting & Coating Industry
Oil & Chemical Industry
Pharmaceuticals Industry
Others
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