Solvent Recycling Service Market

The global Solvent Recycling Service market was valued at US$ 1009.6 million in 2022 and is projected to reach US$ 1255.1 million by 2029, at a CAGR of 3.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes

The USA market for Global Solvent Recycling Service market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Solvent Recycling Service market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Solvent Recycling Service market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

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.
In Solvent Recycling Service Market , Sales (K MT) means the waste solvent handling volume of companies providing recycling service. And the "Sales Revenue (Million USD)" and "Price (USD/MT)" means the revenue and handling price for the recycling waste solvent respectively.
Solvent Recycling Service Market aims to provide a comprehensive presentation of the global market for Solvent Recycling Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solvent Recycling Service. Solvent Recycling Service Market contains market size and forecasts of Solvent Recycling Service in global, including the following market information:

• Global Solvent Recycling Service Market Revenue, 2018-2023, 2024-2032, ($ millions)
• Global top five companies in 2022 (%)

Total Market by Segment:

• On-Site Solvent Recycling
• Off-Site Solvent Recycling

• Chemical
• Oil & Petrochemical
• Printing
• Pharmaceutical
• Microelectronics
• Others

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

• Key companies Solvent Recycling Service revenues in global market, 2018-2023 (estimated), ($ millions)
• Key companies Solvent Recycling Service revenues share in global market, 2022 (%)

• Veolia
• Maratek Environmental
• IST
• CycleSolv
• Tradebe
• Clean Harbors
• Clean Planet Chemical
• Chemoxy International
• CSI
• CBG Technologies
• Hydrite Chemical
• Nippon Refine
• Shinko Organic Chemical Industry
• Quanzhou Tianlong
• Suzhoulida