The Global Solvent Recycling Market was valued at USD 1.07 Billion in 2024 and is projected to reach USD 1.47 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period (2024–2032). This growth is being driven by stringent environmental regulations, the significant cost savings from reduced solvent procurement, and the accelerating adoption of circular economy principles across manufacturing and industrial sectors.

As industries worldwide transform toward sustainable operations and waste reduction, the spotlight is on the key recycling specialists and waste management giants who are driving innovation, efficiency, and cleaner production pathways. In this blog, we profile the Top 10 Companies in the Solvent Recycling Industry—a mix of global service providers, technology innovators, and regional leaders shaping the future of industrial solvent recovery.

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🔟 1. Veolia Environnement S.A.

Headquarters: Paris, France
Key Offering: Off-site solvent recovery services, on-site recycling solutions, and comprehensive waste management

Veolia is a global leader in resource management, offering extensive solvent recycling services through its specialized divisions. The company provides tailored solutions for industries such as pharmaceuticals, chemicals, and automotive, managing the entire lifecycle of solvent waste from collection to purification and resale.

Sustainability Initiatives:

• Global network of solvent recovery facilities

• Investment in advanced distillation and purification technologies

• Committed to achieving net-zero carbon emissions across operations by 2050

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9️⃣ 2. Clean Harbors, Inc.

Headquarters: Norwell, Massachusetts, USA
Key Offering: Solvent recycling, hazardous waste management, and environmental services

Clean Harbors operates one of North America’s largest solvent recycling networks, serving a diverse client base from chemical plants to aerospace manufacturers. The company’s expertise in handling complex solvent mixtures makes it a critical partner for industries with stringent compliance requirements.

Sustainability Initiatives:

• Proprietary recycling technologies for high-purity recovery

• Strategic acquisitions to expand service capabilities and geographic reach

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8️⃣ 3. Tradebe Environmental Services

Headquarters: Barcelona, Spain
Key Offering: Industrial waste management, solvent recycling, and resource recovery

Tradebe is a prominent international player in the solvent recycling market, with a strong presence in Europe and North America. The company specializes in transforming industrial waste into valuable resources, offering both on-site and off-site recycling solutions.

Sustainability Initiatives:

• Advanced solvent distillation facilities across multiple continents

• Focus on creating circular economy loops for industrial clients

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7️⃣ 4. Maratek Environmental Inc.

Headquarters: Bolton, Ontario, Canada
Key Offering: Solvent recycling equipment, turnkey systems, and technical services

Maratek Environmental is a leading provider of solvent recycling equipment and systems, specializing in high-efficiency distillation technology. The company serves industries including printing, coatings, and electronics with customized on-site recycling solutions.

Sustainability Initiatives:

• Development of energy-efficient solvent recovery systems

• Partnerships with industrial manufacturers to implement closed-loop recycling

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6️⃣ 5. IST Pure GmbH

Headquarters: Zwingenberg, Germany
Key Offering: Solvent recycling plants, distillation technology, and process optimization

IST Pure is a German engineering company renowned for its innovative solvent recycling systems. The company’s technology enables industries to achieve high-purity solvent recovery with minimal energy consumption, making it a preferred choice for precision manufacturing sectors.

Sustainability Initiatives:

• Pioneering vacuum distillation technology for sensitive solvents

• Integration of IoT for real-time monitoring and optimization

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Global Solvent Recycling Market – View in Detailed Research Report

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5️⃣ 6. Clean Planet Chemical

Headquarters: Tacoma, Washington, USA
Key Offering: Sustainable chemical recycling, solvent purification, and green chemistry solutions

Clean Planet Chemical focuses on advanced solvent recycling with an emphasis on sustainability and chemical innovation. The company serves the aerospace, defense, and industrial sectors with high-purity recycled solvents that meet stringent quality standards.

Sustainability Initiatives:

• Development of proprietary purification processes

• Commitment to reducing industrial carbon footprint through recycling

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4️⃣ 7. CycleSolv LLC

Headquarters: St. Louis, Missouri, USA
Key Offering: Solvent recycling services, waste minimization, and chemical management

CycleSolv provides comprehensive solvent recycling services focused on helping manufacturers reduce waste and operational costs. The company’s approach combines technical expertise with practical solutions tailored to specific industrial processes.

Sustainability Initiatives:

• Customized recycling programs for small to medium enterprises

• Emphasis on waste reduction and resource conservation

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3️⃣ 8. Nippon Refine Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Solvent recycling, chemical recovery, and environmental services

Nippon Refine is a leading solvent recycling company in the Asia-Pacific region, serving Japan’s extensive manufacturing and electronics industries. The company has developed specialized technologies for recovering high-value solvents from complex waste streams.

Sustainability Initiatives:

• Advanced purification systems for semiconductor and electronics manufacturing

• Expansion of recycling capabilities to serve growing Asian markets

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2️⃣ 9. CBG Technologies

Headquarters: Rishon LeZion, Israel
Key Offering: Solvent recycling systems, equipment sales, and technical support

CBG Technologies designs and manufactures solvent recycling equipment for various industrial applications. The company’s systems are known for their reliability and efficiency, serving customers worldwide with compact and scalable recycling solutions.

Sustainability Initiatives:

• Development of user-friendly recycling systems for diverse industrial users

• Focus on making solvent recycling accessible to smaller operations

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1️⃣ 10. Shinsei Corporation

Headquarters: Tokyo, Japan
Key Offering: Solvent recycling services, chemical waste management, and environmental solutions

Shinsei Corporation operates one of Japan’s most advanced solvent recycling facilities, serving the country’s robust automotive and electronics industries. The company has built a reputation for handling difficult-to-recycle solvent mixtures with high recovery rates.

Sustainability Initiatives:

• Investment in cutting-edge distillation and separation technology

• Partnerships with major Japanese manufacturers for sustainable waste management

Get Full Report Here:
Global Solvent Recycling Market – View in Detailed Research Report

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🌍 Outlook: The Future of Solvent Recycling Is Smarter and More Integrated

The solvent recycling market is undergoing a significant transformation. While traditional distillation methods still dominate, the industry is investing heavily in advanced purification technologies, digital monitoring systems, and integrated circular economy solutions.

📈 Key Trends Shaping the Market:

• Rapid adoption of IoT and AI for optimizing recycling processes and predictive maintenance

• Regulatory push for higher recycling rates and stricter VOC emission controls globally

• Digitalization of solvent tracking from waste generation to purified product resale

• Manufacturer-recycler partnerships for creating closed-loop supply chains

Get Full Report Here:
Global Solvent Recycling Market – View in Detailed Research Report

The companies listed above are not only managing industrial waste—they’re pioneering the circular economy transition for chemical-intensive industries worldwide.