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Global Solvent Recycling Market Share, Growth, Analysis, Report, Forecast: By Product: Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene; By Application: Building and Construction, Packaging, Electrical and Electronics, Textiles, Automotive, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Solvent Recycling Market Outlook
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.
Key Trends in the Market
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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- Rising concern of the people towards sustainability is increasing the demand for solvent recycling process as it reduces the cost of fresh solvents, carbon footprints, pollution, and also helps save both time and money.
- Governments of various countries are issuing strict regulations and policies on waste management in order to promote circular economy. This is enhancing the adoption of recycling processes and further contributing to the solvent recycling market growth.
- Advancements and developments in solvent recycling technology is helping industries obtain higher solvent recovery yield and reducing waste volumes, supporting the growth of the market for solvent recycling.
Global Solvent Recycling Market Analysis
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.
- Solvay S.A.
- Sulzer Ltd
- Trinseo
- Procter & Gamble
- APK AG
- Fraunhofer Society
- PS LOOP B.V.
- PureCycle Technologies, Inc.
- saperatec GmbH
- OFRU Recycling
- Others
Global Solvent Recycling Market Share by Application
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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Global Solvent Recycling Market Share by Region
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.
Competitive Landscape
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.
Key Highlights of the Report
| 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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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Solvent Recycling Market Analysis
8.1 Key Industry Highlights
8.2 Global Solvent Recycling Historical Market (2018-2023)
8.3 Global Solvent Recycling Market Forecast (2024-2032)
8.4 Global Solvent Recycling Market by Product
8.4.1 Polyethylene
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Polyethylene Terephthalate
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Polypropylene
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Polyvinyl Chloride
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Polystyrene
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.5 Global Solvent Recycling Market by Application
8.5.1 Building and Construction
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Packaging
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Electrical and Electronics
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Textiles
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Automotive
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Solvent Recycling Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Solvent Recycling Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Solvent Recycling Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Solvent Recycling Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Solvent Recycling Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Solvent Recycling Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Solvay S.A.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Sulzer Ltd
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Trinseo
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Procter & Gamble
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 APK AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Fraunhofer Society
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 PS LOOP B.V.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 PureCycle Technologies, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 saperatec GmbH
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 OFRU Recycling
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Solvent Recycling Market: Key Industry Highlights, 2018 and 2032
2. Global Solvent Recycling Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Solvent Recycling Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Solvent Recycling Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Solvent Recycling Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Solvent Recycling Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Solvent Recycling Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Solvent Recycling Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Solvent Recycling Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Solvent Recycling Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Solvent Recycling Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Solvent Recycling Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Solvent Recycling Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Solvent Recycling Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Solvent Recycling Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Solvent Recycling Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Solvent Recycling Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Solvent Recycling Market Structure
Key Questions Answered in the Report
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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