Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Solvent Recovery And Recycling Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Solvent Recovery And Recycling Market?
The market size of solvent recovery and recycling has experienced significant expansion in the recent past. It was projected to rise from $1.1 billion in 2024 to $1.15 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%.
What Is the Forecasted CAGR for the Solvent Recovery And Recycling Market by 2029?
The Solvent Recovery and Recycling market is forecasted to reach $1.5 billion in size by 2029, growing at a CAGR of 6.7%.
Download the Free Sample Now:
What Are the Market Drivers in the Solvent Recovery And Recycling Industry?
The key Drivers in the solvent recovery and recycling market are:
• Increasing public consciousness regarding environmental issues
• Growing understanding on the importance of reducing hazardous waste
• Regulations pushing towards more sustainable and circular economies
• The adoption of responsible chemical management to mitigate environmental impact
What Is the Segment-Wise Breakdown of the Solvent Recovery And Recycling Market?
The solvent recovery and recyclingmarket covered in this report is segmented –
1) By Type: On-Site Solvent Recycling, Off-Site Solvent Recycling
2) By Technology: Distillation, Adsorption, Crystallization, Membrane Separation, Other Technologies
3) By Solvent Type: Alcohols, Amides, Esters, Ketones, Aromatic Solvents, Chlorinated Solvents, Other Solvent Types
4) By End-Use Industry: Paints And Coatings, Printing, Chemicals, Electronics, Pharmaceuticals, Other End-Use Industries
Explore the Complete Market Report:
Which Emerging Trends Are Driving Growth in the Solvent Recovery And Recycling Sector?
The key trends in the solvent recovery and recycling market are:
• Many companies in the solvent recovery and recycling market are introducing advanced solutions like on-site solvent recycling systems to reduce both waste generation and operational costs.
• On-site solvent recycling systems are becoming popular as they allow for the collection, purification, and reutilization of solvents during industrial processes, thereby boosting environmental sustainability.
• Innovation and development continue to shape the market, with solutions such as batch-type recyclers offering affordable means for recycling solvents and mitigating chemical waste from industrial operations.
• Automation and minimal maintenance requirements are also emerging trends, with features like fully automated operation, alarm signals, and less frequent maintenance routines being incorporated into solvent recovery and recycling systems.
Which Companies Are Dominating the Solvent Recovery And Recycling Market in Terms of Revenue?
The key players in the solvent recovery and recycling market are:
• Veolia Environnement SA
• GFL Environmental Inc.
• CLEAN HARBORS INC.
• Indaver NV
• Hydrite Chemical Co. Inc.
• Tradebe
• Gage Products Company
• Maratek Environmental
• Progressive Recovery Inc.
• Altiras
• OFRU Recycling GmbH & Co. KG
• CBG Biotech Ltd.
• Solvent Waste Management Inc.
• CleanPlanet Chemical Inc.
• CYCLESOLV LLC
• Refine Americas Inc.
• Polaris Srl
• Rufouz Hitek Engineers Pvt. Ltd.
• ECOVE Solvent Recycling Corporation
• Banashankari Chemicals Pvt.Ltd.
• Tidychem Recycling Pte Ltd.
What Are the Regions Driving Demand in the Solvent Recovery And Recycling Market?
North America was the largest region in the solvent recovery and recycling market in 2024
