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The global solvent recycling market size reached a value of approximately USD 863.73 million in 2023. The market is expected to grow at a CAGR of 5.0% between 2024 and 2032, reaching a value of USD 1339.93 million by 2032.
Solvent recycling is a waste reduction method which recovers and reuses solvents that have been processed, converting the solvents into a pure form to create new products or solutions. This process can be used for various products such as polyethylene, polyethylene terephthalate, and polypropylene.
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Based on product, the market is segmented into polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, and polystyrene. On the basis of application, the market is divided into building and construction, packaging, electrical and electronics, textiles, and automotive, among others. By region, the solvent recycling market segmentation is North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global solvent recycling market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Building and construction applications are expected to account for a sizable share of the market for solvent recycling owing to the rising use of solvents in adhesives, paints, and coatings. Solvent recycling is also used with the sealants to improve the overall properties of sealants and make its application easier. Rising disposable income and growing urbanisation has resulted in an increased demand for building and construction which has also increasing the cleaning and degreasing activities where solvents are widely used.
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Asia Pacific is anticipated to hold a significant share of the market for solvent recycling, supported by rapid industrialisation and presence of a large number of end use industries such as building and construction, automotive, and textiles, among others. Stringent regulations issued by the government of various countries regarding the protection of the environment are increasing the demand for solvent recycling. A strong manufacturing base in the region also generates high volumes of solvents, which benefit from solvent recycling processes.
Solvay S.A. was founded in 1863 and is headquartered in Brussels, Belgium. A chemicals company, Solvay is known for manufacturing materials such as specialty polymers, chemical materials, and essential chemicals, among others.
Sulzer Ltd. is an engineering company that was founded in 1834. Headquartered in Winterthur, Switzerland, the company specialises in sustainable pumping, mixing, agitation, application, and separation technologies.
Trinseo was established in 2010 and has its headquarters located in Pennsylvania in the United States. This manufacturing company provides specialty material solutions to other companies in an innovative and sustainability-focussed manner.
Other market players include Procter & Gamble, APK AG, Fraunhofer Society, PS LOOP B.V., PureCycle Technologies, Inc., saperatec GmbH, and OFRU Recycling, among others.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market for solvent recycling reached a value of approximately USD 863.73 million in 2023.
The market is expected to grow at a CAGR of 5.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1339.93 million by 2032.
The key drivers in the market are rising focus of industries towards sustainability, increasing initiatives of various government to promote a circular economy and cost-effectiveness of the solvent recycling process.
The key trends of the market are technological advancements, increasing production of solvents, and growing applications of solvent recycling.
The various applications of solvent recycling are building and construction, packaging, electrical and electronics, textiles, and automotive, among others.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The key players in the solvent recycling market, according to the report, are Solvay S.A., Sulzer Ltd, Trinseo, Procter & Gamble, APK AG, Fraunhofer Society, PS LOOP B.V., PureCycle Technologies, Inc., saperatec GmbH, and OFRU Recycling, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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