Solvent Recovery and Recycling Market Report 2026

The solvent recovery and recycling market size has grown strongly in recent years. It will grow from $1.15 billion in 2025 to $1.23 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to hazardous waste reduction needs, high virgin solvent costs, regulatory pressure on emissions, growth in chemical processing, industrial cost optimization.

The solvent recovery and recycling market size is expected to see strong growth in the next few years. It will grow to $1.6 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to net zero manufacturing targets, stricter solvent disposal laws, automation in recycling systems, pharmaceutical production growth, electronics manufacturing expansion. Major trends in the forecast period include increasing adoption of circular solvent management, growth in on site recycling systems, rising compliance with environmental regulations, expansion of distillation based recovery technologies, higher demand from high solvent consuming industries.

The increasing awareness of environmental issues is anticipated to drive the growth of the solvent recovery and recycling market in the future. This heightened awareness stems from greater media coverage, educational initiatives, and advocacy efforts, which have led to a rise in public concern and understanding. Solvent recovery and recycling help tackle environmental challenges by minimizing hazardous waste, decreasing the use of virgin resources, and lowering greenhouse gas emissions. This sustainable approach aligns with regulatory standards and supports a circular economy, promoting responsible chemical management while reducing environmental impact. For example, a report from the Office for National Statistics, a UK government department, indicated in July 2023 that 86.5% of adults in Great Britain have made lifestyle changes to address environmental issues, with 73.6% reporting some changes and 12.8% making significant adjustments. Thus, the growing awareness of environmental concerns is fueling the growth of the solvent recovery and recycling market.

Major companies operating in the solvent recovery and recycling market are concentrating on the development of advanced solutions, such as resource reuse systems, which enable the recovery and reuse of solvents and other valuable process liquids while minimizing environmental impact. A resource reuse system refers to an integrated setup designed to recover, recycle, or repurpose valuable materials from waste or used streams so they can be reused in industrial manufacturing processes. For example, in February 2025, Galvomaster Private Limited, an India-based industrial equipment manufacturer, introduced a first-of-its-kind solvent recovery system for the industrial coatings sector that incorporates vacuum-assisted operation and integrated scrapers. This system is engineered to enable efficient solvent recycling while supporting sustainability objectives. Additionally, the innovation helps reduce solvent waste, lower operational costs, and minimize environmental impact.

In October 2023, J.F. Lehman & Company, a private equity investment firm based in the US, acquired Heritage-Crystal Clean Inc. for an undisclosed sum. This acquisition aims to enhance J.F. Lehman’s environmental services portfolio by leveraging Crystal Clean’s strong market presence and reputation for delivering high-quality services. Heritage-Crystal Clean Inc. is a US provider of on-site solvent recycling services.

Major companies operating in the solvent recovery and recycling market are Veolia Environnement SA, Clean Harbors Inc., GFL Environmental Inc., Tradebe, Indaver NV, Safety-Kleen Systems Inc., Gage Products Company, Maratek Environmental, OFRU Recycling GmbH & Co. KG, Progressive Recovery Inc., Solvent Waste Management Inc., CleanPlanet Chemical Inc., ECOVE Solvent Recycling Corporation, Refine Americas Inc., CYCLESOLV LLC, Polaris Srl, Rufouz Hitek Engineers Pvt. Ltd., Banashankari Chemicals Pvt. Ltd., Tidychem Recycling Pte Ltd., Hydrite Chemical Co. Inc., Altiras.

North America was the largest region in the solvent recovery and recycling market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solvent recovery and recycling market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the solvent recovery and recycling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The solvent recovery and recycling market consists of revenues earned by entities by providing services such as solvent collection, waste minimization solutions, custom blending and repackaging, and regulatory compliance support. The market value includes the value of related goods sold by the service provider or included within the service offering. The solvent recovery and recycling market also includes sales of centrifuges, filtration systems, vacuum pumps, storage tanks, and solvent recyclers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.