Industry and News Solvent Recycling Market | Page 2

Solvent Recycling Market is classified by type into On-site solvent recycling, and off-site solvent
recycling. Off-site solvent recycling segment accounted for the largest market share of the Solvent
Recycling Market in 2014 and is expected to remain dominant over the forecast period. This market
segment mainly targets the residential and small-scale solvent consumers and the facility is set-up
by the vendors without much association with the waste solvent stream producers.
Off-site recycling facilities are being targeted at small-scale and residential solvent consumers. Batch
volumes with respect to an off-site recycling facility are much smaller. Solvent Recycling Market is
classified by applications into car parts, electronic product, painted gold, and others. Solvent
Recycling Market is segmented geographically into North America, Europe (Eastern Europe,
Western Europe), Asia Pacific, Latin America, Middle East and Africa.
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North America is expected to account for the largest market share of the market by 2025 and also
dominate the solvent recycling market throughout the forecasted period. Much of this region’s
growth can be attributed to the strong focus of countries toward the making of an environmentally
sustainable industrial framework. Furthermore, the focus of the Environmental Protection Agency
towards the introduction of rigorous solvent disposal methods will also drive the demand for
solvent recycling machines in this region. Asia Pacific region is growing at fastest pace and is
expected to grow at highest CAGR over the forecast period 2014 to 2025. Key players are Clean
Planet Chemical, IST Pure, Maratek Environmental, and Veolia. The other prominent vendors in the
market are CBG Technologies, CycleSolv and Tradebe.
Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption,
revenue (million USD), market share and growth rate of Solvent Recycling in these regions, from
2013 to 2025 (forecast), covering
• North America