“The Global Solvent Recycling Market is growing at a significant CAGR over next seven years 2019-2025 due to introduction of cost advantages in the processes”

The global solvent recycling market held significant market share in 2018 and burgeoning over the forthcoming years. Some of the key factors fostering the market growth include strong motivation on the creation of an environmentally sustainable industrial framework, increasing focus on the influence of solvent recycling on the environment and introduction of cost advantages in the processes. However, high maintenance & installation costs and huge investments on R & D are hindering the market growth.

Global solvent recycling market segmented on the type, application, distribution channel and region.
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On-site Solvent Recycling Dominate the Global Solvent Recycling Market

Based on type, global solvent recycling market segmented into off-site solvent recycling and on-site solvent recycling. On-site Solvent Recycling held considerable market share during forecast period. On-site recovery methods are best if operations generate continuous waste. In these circumstances, there is a huge regulatory and economic pressure to reduce waste stream. Recycling solvents is an affordable, environmentally effective option and enables recovery of as much as 99% of solvent waste.

Asia Pacific Leads the Global Solvent Recycling market
PBI’s global Solvent Recycling market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global solvent recycling market with considerable CAGR which can be at attributed to the focus of the authorities to guard the environment towards disposable of dangerous solvents and fast industrialization. North America held substantial market share during estimated period as there is supportive government initiatives and focus of countries towards the creation of a naturally sustainable industrial framework. Moreover, Europe and Latin America are likely to offer huge growth opportunity for the market.

Launch of newer products, frequent product approvals, patent filings, and strategic alliances are the key strategies adopted by market players

Global Solvent Recycling market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.

Key player’s profiles in the report are Yang Linhong, Veolia, Tradebe, Shinko Organic Chemical Industry, Nippon Refine, Maratek Environmental, Gage Products Company, CycleSolv, Clean Planet Chemical and Clean Harbors.

Precision Business Insights (PBI) in its report titled “Global Solvent Recycling Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.

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Detailed Segmentation

By Type
o Off-site Solvent Recycling
o On-site Solvent Recycling

By Application
o Printing Industry
o Pharmaceuticals Industry
o Painting and Coating Industry
o Oil and Chemical Industry

By Distribution Channel
o Distributor
o Direct Sales

By Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)

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