The global solvent recovery and recycling market size is estimated to be USD 1,384 million by 2028 from USD 1,085 million in 2023, at a CAGR of 5.0%. The market growth is driven by stringent regulations promoting the reduction of emissions and hazardous waste, Increasing demand for solvent recovery in end-use industries, and financial benefits through reduced procurement costs and waste disposal expenses. However, high initial capital investment of solvent recovery systems, and solvent recovery systems require significant space and specific infrastructure restrain the solvent recovery and recycling market.
Veolia (France), CycleSolv LLC (US), Tradebe Environmental Services (US), Clean Harbors (US), and Indaver (Belgium) are some of the established players in the solvent recovery and recycling market. These players have adopted various strategies such as mergers & acquisitions, joint ventures, and new product launches to strengthen their market position.
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Veolia
Veolia is a global company that provides environmental management services, with a focus on water, waste, and energy management. The company offers a wide range of solutions, including drinking water treatment and distribution, wastewater treatment, waste collection, waste-to-energy processing, and hazardous waste processing. The company operates through three business segments: water, waste, and energy. The company offers solvent recycling services through its waste business segment.
The company has a significant presence in various locations around the world. The company’s North American operations have offices in cities such as Albuquerque, Arecibo, Puerto Rico, and Azusa. Veolia’s industrial sites are spread across countries such as Austria, France, Germany, Slovenia, and Switzerland. These locations enable Veolia to provide its diverse range of environmental solutions to a wide array of clients across the globe. In Basel, Switzerland, they regenerate over 20,000 metric tons of solvents annually, supporting 15 major Novartis sites. In Chauny, France, their subsidiary SPR of SARPI treats 18,000 metric tons. In the US, Veolia excels in recycling solvents at four strategic sites, employing advanced technologies to serve diverse industries.
CycleSolv LLC
CycleSolv LLC is a chemical services company that provides a comprehensive range of solutions for chemical users. The company offers a complete range of services for the chemical user: including recycling of spent solvent streams, disposal of wastes including non-hazardous waste, and sales of specialty chemicals and solvents. The company specializes in the recycling of spent solvent streams, the company offers the flexibility of on-site or off-site distillation through its fleet of mobile recycling units. The company is dedicated to offering environmentally friendly and cost-effective solutions, emphasizing sustainable practices in chemical management for its clients. The company has a presence in the US.
Tradebe Environmental Services
Tradebe Environmental Services is an environmental services company that provides hazardous waste management solutions. The company focuses on the collection, treatment, recycling, and disposal of hazardous and non-hazardous waste. This includes industrial waste, chemical waste, and other types of waste generated by businesses and industries. The company operates in various segments such as hazardous waste management, waste-to-energy, industrial field services, lab pack & chemical management, and specialty waste management. The company serves all industries, from petrochemicals to aerospace and hospitals, with unparalleled safety and quality standards.
Tradebe Environmental Services has a global footprint with almost 40 years of experience, offering its services in Europe (Spain, France, Italy, and Germany, the UK) and the US, with over 80 sites around the world.
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Clean Harbors
Clean Harbors specializes in providing a range of environmental and industrial services to businesses, government entities, and other organizations. The company is known for its expertise in hazardous waste management, environmental cleanup, and industrial services. The company operates through two reporting segments: environmental services and Safety-Kleen sustainability solutions. The company offers solvent recycling services through its safety-kleen sustainability solutions segment. The company uses distillation columns, liquid-to-liquid extractor, and mole sieve dryer for efficient solvent recycling, promoting cost-effectiveness and sustainability. The company operates throughout the US, Canada, Mexico, and Puerto Rico. The company operates seven solvent recycling facilities, all situated in North America.
Indaver
Indaver is a European company that specializes in waste management, with a focus on sustainable and environmentally friendly solutions. The company provides a range of services related to the treatment and disposal of various types of waste, including hazardous waste, industrial waste, and municipal solid waste. The company has 5 business units, namely industrial waste solutions, municipal waste management, sludge dewatering & separation technologies, landfill reconversion, and plastics2chemicals. The company manages around 5 million tonnes of waste every year. The company has facilities and operations at more than 30 locations in Europe. The company has operations in 9 countries.
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