Europe Solvent Recycler Market

Europe Solvent Recycler Market Size Analysis, By Capacity (Upto 10 Litres, Upto 20 Litres, Upto 30 Litres, Upto 60 Litres, Upto 100 Litres, > 100 Litres), By End-Use Industry (Paint, Finishing, And Coating, Fibreglass, Metal Finishing, 3d Printing, Others), By Country - Market Insights 2023 -2033

Analysis of Europe Solvent Recycler Market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Europe Solvent Recycler Market Outlook (2023-2033)

The Europe solvent recycler market is anticipated to project a valuation of US$ 270.0 Million in 2023 and further expand at a CAGR of 4.9% to reach US$ 435.0 Million by the end of 2033.

Solvents are used on a wide basis in various industries like paint and coatings, automobiles, pharmaceuticals, petrochemicals, and various other manufacturing industries. Disposing of solvents costs money manufacturers in terms of rising solvent prices and the rising cost of disposal. This is also the major factor motivating industries to apply majors for recycling of solvents which will create demand for solvent recyclers in near future.

Report Attributes

Details

Solvent recycler Market Size (2022A)

US$ 256.2 Million

Estimated Market Value (2023E)

US$ 270.0 Million

Forecasted Market Value (2033F)

US$ 435.0 Million

Europe Market Growth Rate (2023-2033)

4.9% CAGR

Germany Market Growth Rate (2023-2033)

~5.3% CAGR

Key Companies Profiled

  • OFRU Recycling GmbH & Co. KG
  • NexGen Enviro Systems
  • Eco-Dec
  • Solutex Ltd.
  • Maratek
  • PRI Systems
  • Alltrade Recycling Equipment
  • Solvent Waste Management
  • CBG Biotech
  • Clean Planet Chemical

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Sales Analysis of Solvent Recycler Market (2018-2022) Vs. Forecast Outlook (2023-2033)

Since the 1970’s European standards for chemical use and environmental protection are getting more and more stringent. These regulations apply to all industries producing chemical and other manufacturing wastes harming the environment. Going green and contributing towards environmental sustainability is the new trend being followed by manufacturers which is also helping their business in reducing overall costs.

  • Short-Term Growth Projection: Saving of money, reduction of waste and safety from exposure to hazardous chemicals at disposal will drive the market for solvent recyclers in short term.
  • Medium-Term Growth Projection: Governments imposing strict regulations relates to waste management and disposing of chemicals in rivers, lakes and other water bodies will drive the market for solvent recyclers in short term.
  • Long-Term Growth Projection: Rising demand for recycling chemicals in lieu of saving the environment from getting more hazardous will drive the market in long term.

Over the 2018-2022 historical period, the Europe solvent recycler market registered a CAGR of 4.1%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 4.9% CAGR between 2023 and 2033.

Europe solvent recycler market forecast by Fact.MR

Market share analysis of solvent recycler based on end-use industry and country is provided in a nutshell in the above image. Under the end-use segment, the “paint, finishing and coating” sub-segment is estimated to reach a market share of 24.0% in 2023.

“Rapidly rising numbers of solvent recycling companies”

Various factors are contributing to the rising demand for outsourcing of solvent recycling. A large number of medium and small-scale enterprising operating in different parts of Europe are outsourcing solvent recycling to avoid the cost of plant and machinery set-up. This is giving rise to a number of solvent recycling companies which are outsourcing the process on behalf of manufacturers from various industries. Also, the process of recycling involves lot of technical process which requires specialist operators. Solvent recycling companies play a major role for businesses that deploys large quantities of solvents and chemicals for purpose of production / cleaning etc. The need of maintaining the safe environment by removing the used chemicals from production sites is also giving rise to demand for solvent recycling companies.

“Government strict policies on waste management and promoting circular economy”

Solvent recycling is a major contributor in promoting a circular economy. It also ensures the preservation of natural resources by reducing the disposal of waste into environmental bodies and also reducing carbon emissions. European Solvent recycler group was formed under the German-based chemical distributor association whose focus was to look after promoting solvent recycling among the member companies. The objective of ESRG is fully matched to European law requirements for the efficient use and management of resources.

Country-wise Insights

What are the factors driving the market’s growth across UK?

In UK, the chemicals and materials industry is one of the largest industries in Europe contributing a lot to the GDP of the European economy. Chemical manufacturing companies are producing waste that is very difficult to deal with and are quite hazardous to the environment. Polymer manufacturing is one of the businesses fighting challenges to reduce harmful environmental impact. Due to this, the process of recycling and re-use of waste solvents provides a tremendous opportunity in UK for solvent recyclers.

Demand for solvent recyclers in UK is expected to grow from US$ 48.6 Mn in 2023 to US$ 69.6 Mn in 2033 growing at a CAGR of 3.7% during the forecast period.

Why is the Germany solvent recycler market expected to be highly lucrative?

Germany is the hub for the automobile industry. Various applications in the automobile industry are creating solvent waste which can be recycled and reused to reduce the cost of overall manufacturing in the automobile industry. Not only this, but various other chemical manufacturing plants in Germany also provides the opportunity for solvent recyclers to promote their machinery and create the business out of the rising demand from industries in Germany for solvent recycling.

Demand for solvent recyclers in Germany is expected to grow from US$ 67.5 Mn in 2023 to US$ 113.1 Mn in 2033 growing at a CAGR of 5.3% during the forecast period.

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Category-wise Insights

Why is the demand for upto 30 litres capacity solvent recycler rising?

Medium and small-scale enterprises having limited production capacities are producing limited waste which cannot be outsourced due to the small quantities involved. Their need for setting up small solvent recycler at their own manufacturing facilities to integrate the process with their overall production is creating demand for upto 30 litres capacity recyclers in Europe.

Upto 30 litres’ capacity segment is forecasted to create an absolute dollar opportunity of US$ 61.8 Mn during the forecast period of 2023-2033. It is expected to grow at a CAGR of 4.6% during the forecast period.

How does paint, finishing and coating in end-use industry spur the market’s growth?

Paint and coatings industry involves the maximum use of chemicals in their product formulations. The manufacturing process also creates lot of waste solvents which needs to be processed and recycled to reduce the overall cost of manufacturing paints and coatings. Solvent recyclers are highly required to reclaim solvent from waste paint and other mixtures of solvent.

Demand from paint, finishing and coating in end-use industry is expected to grow from US$ 64.8 Mn in 2023 to US$ 95.7 Mn in 2033 growing at a CAGR of 4.0% during the forecast period.

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Key Strategies by Market Players

Eminent Market players in the solvent recycler market include OFRU Recycling GmbH & Co. KG, NexGen Enviro Systems, Eco-Dec, Solutex Ltd., Maratek, PRI Systems, Alltrade Recycling Equipment, Solvent Waste Management, CBG Biotech, Clean Planet Chemical and others.

Market players are adopting various key strategies to stay in competition in the highly fragmented solvent recycler market. The companies focus on enhancing their market footprints by collaborating or acquiring organizations/environment protection NGOs to cover huge catchment areas.

Further, investment in advancing technology and the development of high technology machineries play a critical role in reframing the demand and supply spectrum. Long-term trade relations with both suppliers and distributors enable market players to survive in unfavorable market situations.

Fact.MR has provided detailed information about the price points of key manufacturers of solvent recycler positioned across countries, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Solvent Recycler Industry Research

  • By Capacity :

    • Upto 10 Liters
    • Upto 20 Liters
    • Upto 30 Liters
    • Upto 60 Liters
    • Upto 100 Liters
    • More than 100 Liters
  • By End-Use Industry :

    • Paint, Finishing and Coating
    • Fiberglass, Plastics & Composites
    • Metal Finishing
    • 3D Printing
    • Others
  • By Country :

    • Germany
    • France
    • UK
    • BENELUX
    • NORDIC
    • Italy
    • Spain
    • Rest of Europe

- FAQs -

What is the Europe solvent recycler market size?

The Europe solvent recycler market is valued at US$ 256.2 Million in 2022.

How is the market for solvent recyclers expected to fare going forward?

Worldwide demand for solvent recyclers is anticipated to reach US$ 435.0 Million by 2033-end.

Which country leads the solvent recycler market in 2023?

Germany tops the Europe solvent recycler market accounting for 25.0% market share in 2023.

How did the market perform over the last few years?

During 2018-2022, sales of solvent recyclers increased at 4.1% CAGR.

Europe Solvent Recycler Market