Solvent Recycling Market Growing at 16.65% CAGR to 2020
PUNE, India, September 14, 2016 /PRNewswire/ --
The global solvent recycling market 2016-2020 report says implementation and reinforcement of stringent national and governmental laws pertaining to the usage of environmentally harmful solvents is a major trend that is expected to sustain the industry. As with many developed nations, many developing nations have started shifting their focus toward the creation of an environmentally sustainable industrial framework.
Complete report on solvent recycling market spread across 53 pages, analyzing 4 major companies and providing 23 data exhibits now available at http://www.reportsnreports.com/reports/684674-global-solvent-recycling-market-2016-2020.html.
The analysts forecast global solvent recycling market to grow at a CAGR of 16.65% during the period 2016-2020. According to the solvent recycling market 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.
The growth of the market is driven primarily by the increased focus on the impact of solvent recycling on the environment. Based on different kinds of solvents and their bases, the damage to the environment can be hugely varied. During 2015, the global solvent recycling market was dominated by the Americas with a market share of around 42%. The growth of the market in this region will benefit from the strong focus on the creation of an environmentally sustainable industrial framework over the next four years.
Off-site recycling facilities accounted for around 52% of the overall market revenue to become the key revenue generating vertical of the global solvent recycling market. This type of recycling facility is generally set-up by the vendors without much collaboration with waste solvent stream producers. Off-site recycling facilities are targeted at residential and small-scale solvent consumers. Batch volumes in an off-site recycling facility are smaller and the vendor pool in the similar streams from multiple users in a particular target area.
The following companies are the key players in the global solvent recycling market: Clean Planet Chemical, IST Pure, Maratek Environmental, and Veolia. Other prominent vendors in the market are: CBG Technologies, CycleSolv, and Tradebe. Order a copy of Global Solvent Recycling Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=684674.
The Americas will account for about 45% of the total share of the market by 2020 and also dominate the solvent recycling market throughout the forecasted period. Much of this region's growth can be attributed to the strong focus of countries toward the creation of an environmentally sustainable industrial framework.
Global Solvent Recycling Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. To calculate the solvent recycling market size, the report presents the vendor landscape and a corresponding detailed analysis of the top vendors operating in the market.
Another related report is Global Green and Bio Solvents Market 2016-2020, the need for greener and sustainable chemicals has increased the R&D of renewable feedstock. The processing of these feedstocks can help in obtaining platform molecules and down streaming end-products. Also, companies increasingly prefer green and bio solvents over conventional solvents. Browse complete report is http://www.reportsnreports.com/reports/524613-global-green-and-bio-solvents-market-2016-2020.html.
Explore other new reports on Environmental Market @ http://www.reportsnreports.com/market-research/environmental/.
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