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 primarily driven by stringent environmental regulations, escalating costs of virgin solvents, and the accelerating adoption of circular economy principles across manufacturing industries. As industries worldwide intensify their focus on sustainability and cost efficiency, solvent recycling has become a critical component of waste management and resource conservation strategies.

The solvent recycling industry is undergoing a significant transformation, moving from a niche waste management service to a strategic imperative for cost-conscious and environmentally responsible businesses. In this blog, we profile the Top 10 Companies in the Global Solvent Recycling Industry—a dynamic mix of global waste management giants, specialized technology providers, and innovative service pioneers who are shaping the future of sustainable industrial operations.

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🔟 1. Veolia Environnement S.A.

Headquarters: Paris, France
Key Offering: Comprehensive on-site and off-site solvent recycling services, advanced distillation technology

Veolia stands as a global leader in environmental services, with its solvent recycling division offering end-to-end solutions for industries generating hazardous waste streams. The company provides sophisticated recycling services across the pharmaceuticals, chemicals, and automotive sectors, leveraging its extensive global network of treatment facilities. Veolia’s expertise spans the entire value chain, from solvent collection and transportation to high-purity recovery and return logistics.

Sustainability Initiatives:

• Commitment to circular economy principles through resource recovery
• Investment in advanced purification technologies for higher recovery rates
• Global network of ISO-certified recycling facilities

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9️⃣ 2. Clean Harbors, Inc.

Headquarters: Norwell, Massachusetts, USA
Key Offering: Full-service solvent recycling, hazardous waste management, on-site solutions

Clean Harbors is North America’s leading provider of environmental and industrial services, with a robust solvent recycling division that serves a diverse client base. The company operates one of the largest commercial solvent recycling facilities in the United States, capable of processing complex solvent mixtures from various industries. Their service portfolio includes custom recycling programs tailored to specific client needs and regulatory requirements.

Sustainability Initiatives:

• Proprietary distillation technology for maximum solvent recovery
• Comprehensive waste-to-resource programs for industrial clients
• Strategic partnerships for sustainable waste management solutions

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8️⃣ 3. Tradebe Environmental Services

Headquarters: Barcelona, Spain
Key Offering: Industrial solvent recycling, waste treatment services, resource recovery

Tradebe is a multinational environmental services company with a strong presence in the solvent recycling market across Europe and North America. The company specializes in treating and recycling industrial solvents through advanced thermal separation and purification processes. Tradebe’s services are particularly prominent in the chemical manufacturing and pharmaceutical sectors, where solvent purity requirements are stringent.

Sustainability Initiatives:

• Focus on closed-loop recycling systems for major industrial clients
• Investment in R&D for handling complex solvent mixtures
• Commitment to reducing carbon footprint through efficient recycling processes

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7️⃣ 4. Maratek Environmental Inc.

Headquarters: Bolton, Ontario, Canada
Key Offering: On-site solvent recycling equipment, turnkey recycling solutions

Maratek Environmental has established itself as a leading provider of solvent recycling equipment and solutions, particularly for the printing, coating, and manufacturing industries. The company designs and manufactures a range of distillation units that enable businesses to recycle solvents directly at their facilities, reducing transportation costs and environmental impact. Maratek’s technology focuses on user-friendly operation and high recovery efficiency.

Sustainability Initiatives:

• Development of energy-efficient solvent recycling systems
• Promotion of on-site recycling to minimize transportation emissions
• Custom solutions for specific industrial applications and solvent types

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Global Solvent Recycling Market – View in Detailed Research Report

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6️⃣ 5. IST Pure GmbH

Headquarters: Schwaig, Germany
Key Offering: High-performance solvent recycling systems, custom engineering solutions

IST Pure is a German engineering company specializing in the development and manufacturing of sophisticated solvent recycling systems. The company’s technology is renowned for its high purification standards and energy efficiency, making it particularly suitable for industries requiring pharmaceutical-grade solvent quality. IST Pure serves a global clientele with systems designed for both standard and specialized applications.

Sustainability Initiatives:

• Innovation in low-energy distillation technology
• Focus on solvent recovery rates exceeding 95%
• Development of systems for challenging solvent mixtures

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5️⃣ 6. CycleSolv

Headquarters: Portland, Oregon, USA
Key Offering: Solvent recycling services, waste minimization consulting

CycleSolv has carved a niche in the North American market by providing specialized solvent recycling services focused on sustainability and cost reduction. The company works closely with clients to develop customized recycling programs that align with their specific operational needs and environmental goals. CycleSolv’s approach emphasizes transparency and measurable environmental benefits for their clients.

Sustainability Initiatives:

• Emphasis on waste reduction and resource conservation
• Client education programs on sustainable solvent management
• Development of closed-loop systems for specific industry segments

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4️⃣ 7. Nippon Refine Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Solvent recycling services, chemical waste treatment

Nippon Refine is a prominent player in the Asian solvent recycling market, offering comprehensive services to Japan’s sophisticated manufacturing sector. The company has developed specialized expertise in recycling solvents from the electronics, automotive, and precision manufacturing industries. Nippon Refine’s strong technical capabilities and strict quality control processes have positioned it as a trusted partner for major Japanese corporations.

Sustainability Initiatives:

• Advanced purification technology meeting Japanese industrial standards
• Focus on recovering high-value solvents for reuse in sensitive applications
• Commitment to environmental compliance and safety standards

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3️⃣ 8. Clean Planet Chemical

Headquarters: St. Louis, Missouri, USA
Key Offering: Circular chemical solutions, solvent recycling services

Clean Planet Chemical has emerged as an innovative force in the solvent recycling industry with its focus on creating circular chemical economies. The company differentiates itself through its proprietary purification technologies that can handle complex solvent streams while maintaining high purity standards. Clean Planet Chemical serves diverse industries including aerospace, electronics, and specialty chemicals.

Sustainability Initiatives:

• Pioneering circular economy models for chemical management
• Development of proprietary purification processes
• Focus on reducing industrial carbon footprint through efficient recycling

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2️⃣ 9. CBG Technologies

Headquarters: Kfar Saba, Israel
Key Offering: Solvent recycling systems, environmental technology solutions

CBG Technologies brings Israeli innovation to the global solvent recycling market with its advanced recycling systems and environmental technologies. The company has developed unique solutions for challenging recycling applications, particularly in industries with complex solvent mixtures. CBG’s technology is known for its reliability and efficiency in recovering high-purity solvents.

Sustainability Initiatives:

• Innovation in solvent separation and purification technologies
• Focus on energy-efficient recycling processes
• Development of compact systems for space-constrained facilities

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1️⃣ 10. Shinko Organic Chemical Industry Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Chemical recycling services, solvent recovery

Shinko Organic Chemical Industry combines chemical manufacturing expertise with sophisticated recycling capabilities, offering unique value in the Japanese and Asian markets. The company leverages its deep understanding of chemical processes to develop efficient recycling solutions for complex organic solvents. Shinko’s integrated approach allows it to provide high-quality recycled solvents that meet strict industrial specifications.

Sustainability Initiatives:

• Integration of recycling with chemical production expertise
• Focus on quality assurance for recycled solvent products
• Commitment to sustainable chemical management practices

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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 experiencing a profound transformation as environmental regulations tighten and industries seek more sustainable operational models. While traditional recycling services continue to dominate the market volume, the industry is rapidly adopting digital technologies, advanced purification methods, and integrated service models that offer greater efficiency and environmental benefits.

📈 Key Trends Shaping the Market:

• Adoption of IoT and AI for optimized recycling processes and predictive maintenance
• Growing preference for on-site recycling solutions to reduce logistics and carbon footprint
• Increasing regulatory pressure for sustainable waste management practices globally
• Development of specialized recycling technologies for emerging industries and new solvent types

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

The companies profiled above are not only providing essential recycling services—they’re driving the transition toward circular industrial economies where waste becomes a valuable resource rather than an environmental liability.