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.
Solvent recycling market has two types: “providing solvent recycling service” and “selling solvent recycling equipment”. According to that, 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.
On the other hand, the global solvent recycling equipment market was valued about 943.97 million USD in 2016, and is estimated to be worth 1075.02 million USD in 2022. The industry concentration of solvent recycling equipment market is relatively low. Maratek Environmental, IST Pure, CBG Technologies and Quanzhou Tianlong are the key players of the equipment market, with the total sales revenue share of 10.36% in 2016.
North America and Europe are the dominator of solvent recycling service and equipment market, and is estimated to maintain their leading positions in the next few years. In terms revenue, North America occupied about 45.19% share in service market and 33.30% share in equipment market, while Europe occupied about 34.43% share in service market and 31.40% share in equipment market.
The global Solvent Recycling market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Solvent Recycling volume and value at global level, regional level and company level. From a global perspective, this report represents overall Solvent Recycling market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
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At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Clean Planet Chemical
Shinko Organic Chemical Industry
Segment by Regions
Segment by Type
On-site Solvent Recycling
Off-site Solvent Recycling
Segment by Application
Painting & Coating Industry
Oil & Chemical Industry
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