The global solvent recycling market is forecast to grow at a CAGR of 16.65% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: One of the major trends that is expected to sustain the global solvent recycling market is the implementation and reinforcement of stringent national and governmental laws, pertaining to the usage of environmentally harmful solvents. As with many developed nations, many developing nations have started shifting their focus toward the creation of an environmentally sustainable industrial framework.
According to the report, one of the major drivers for the implementation of solvent recycling in the overall industrial or commercial value chain is the introduction of cost advantages in the processes. If we take a look at the major industrial and commercial processes around the globe, the use of solvents is majorly concentrated either for extraction or purification of streams. As the scale of operations increase, so does the need for the replenishment of solvent streams.
Further, the report states that high cost of specialized resources will be a challenge for the market. Although the basic fundamental of the solvent recycling process is the fractionation process, there are certain specifications that need to be considered to ensure the success of the solvent recycling process.
The overall solvent recycling process involves the procurement and transportation of used solvent streams from industrial sites and further transportation to the recycling plants. These require special manpower and tankers for the safe transportation and the costs of spillage can be significant. The availability of manpower and equipment has limited the success of the solvent recycling industry in the past.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Clean Planet Chemical
- IST Pure
- Maratek Environmental
- CBG Technologies
PART 01: Executive summary
PART 02: Scope of work
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by facility type
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor Landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/x298k2/global_solvent
Related Topics: Recycling and Recycled Materials, Solvents
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SOURCE Research and Markets