About Solvent Recycling
Solvent recycling is the process of restoring or cleaning dirty or used solvents in order to reduce the disposal of solvents or the cost of purchase of new solvents. Solvents are a group of structurally diverse chemicals that are widely used for paints, paint removers, inks, and dry cleaning applications. Increased production and consumption of plastic across the globe and stringent regulations due to environmental impact have led industries to adopt solutions or services to recycle plastic waste. The increasing initiatives by the government to recycle hazardous waste will accelerate the growth. Further, the increasing industrial development and growing automotive industry in the Asia Pacific region will create significant opportunities for solvent recycling.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and Europe Players will contribute the maximum growth to Global Solvent Recycling market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Clean Harbors (United States), Maratek (Canada), Veolia (France), Clean Planet Chemical (United States), Hydrite Chemical (United States), Altiras (United States), OFRU Recycling (Germany), Solvent Distillers (South Africa), Rutpen (United Kingdom), TRADEBE (Spain), Eco-Dec (Belgium), Absolute Solvents (United Kingdom), CYCLESOLV LLC (United States), NIPPON REFINE Co., Ltd. (Japan), CBG Biotech (United States) and IST Surface (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Solvent Recycling market by and Region.
On the basis of geography, the market of Solvent Recycling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. System will boost the Solvent Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Chemical will boost the Solvent Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Methods, the sub-segment i.e. Fractionation will boost the Solvent Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solvent Type, the sub-segment i.e. Polar Solvents will boost the Solvent Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Focus on the Innovation to Develop Advanced Solvent Recycling Technology and System and Emerging Trend and Development of On-Site Solvent Recycling Facilities Due to Cost-Effectiveness
Market Growth Drivers:
High Adoption of Solvents in the Plastic Recycling as It is Environment Friendly and Profitable Option and Surging Demand for Solvent Recycling Service for Multiple Use of Solvents and Reduce the Cost of New Solvent Purchase
Challenges:
The Inclination Towards the Environment-friendly Alternative of Solvents Due to Growing Environmental Concerns
Restraints:
High Cost Associated with the Some Conventional Solvent Recycling Methods like Distillation Can Hamper the Growth
Opportunities:
Rapidly Growing Pharmaceutical Industry Will Boost the Adoption for Recycling of Organic Solvents and High Growth of Solvent Recycling in the Asian Countries Due to Growing Industrialization
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Solvent Recycling Solution Manufacturers, Solvent Recycling Service Providers, Venture Capitalists and Private Equity Firms, Government Bodies and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.