Solvent Recovery Market to Hit $1.38B by 2028

The global Solvent Recovery and Recycling Market is projected to grow from USD 1,085 million in 2023 to USD 1,384 million by 2028, with a CAGR of 5.0%, according to the latest report titled Solvent Recovery and Recycling Market by Solvent Type, End-Use Industry, and Region – Global Forecast to 2028. Growth is being driven by stricter regulations aimed at minimizing emissions and hazardous waste, a rising demand across key end-use industries, and cost-saving benefits from solvent reuse and reduced waste management.

However, the market faces challenges including the high capital investment required for solvent recovery systems and the need for specific infrastructure and space. On the positive side, increasing environmental awareness and technological innovation in recovery systems present significant opportunities.

Among end-use industries, printing is expected to witness the fastest growth due to its heavy reliance on solvent-based inks and coatings, combined with a push toward more sustainable operations.

Europe emerges as the second-fastest growing region in this market, backed by strong environmental regulations and increasing industrial adoption of green technologies.

Major players shaping this market include Veolia (France), CycleSolv LLC (US), Tradebe Environmental Services (US), Clean Harbors (US), and Indaver (Belgium).