LONDON--(BUSINESS WIRE)--Technavio has announced the top seven leading vendors in their recent global solvent recycling market report until 2020. The report presents the vendor landscape with an analysis of the significance of new innovations in the current market and how it might prove to be the game-changer in the future.
Competitive vendor landscape
The global solvent recycling market is a very fragmented market with numerous vendors operating at the multiple layers. This fragmentation is evident in the different supply chains of the overall system. There are two distinct layers to the current global solvent recycling market. The first layer consists of vendors that cater to the residential and small-scale commercial establishments, where the market is far more fragmented than its other counterpart. The supply chain model that is implemented in this segment generally pertains to the recycling of solvents at a facility that is off-site. Therefore, this particular model involves the costs of used solvent handling and transportation to the recycling facility and also the costs of transporting the cleaned solvents to the end users.
The other segment consists of vendors that cater to the large-scale commercial and the industrial solvent users. The model of operation in this particular space is generally related to the onsite recycling facility. Due to huge batches of solvents involved in one particular operation, it is generally more feasible to set up a recycling facility at the site of solvent consumption. The vendors that operate in this space are generally large chemical companies that produce solvents in the first place, or specific vendors such as Veolia.
Sayani Roy, a lead analyst at Technavio for research on water and waste management, says, “The market segment catering to residential and small-scale commercial consumers of solvents, which is also the first layer, is expected to see majority of the growth that is anticipated in the broader global solvent recycling market. A large factor in this expected growth is related to the introduction of environmental laws by different governments.”
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Top seven solvent recycling market vendors
Clean Planet Chemical
Clean Planet Chemical provides methods to acquire and manage waste. The company uses a patented distillation technology to convert solvent/chemical into reusable chemicals. It also offers recycling technology for recovery of solvent onsite for reuse in operations and recycle onsite and sell the recovered product in the market.
Some of the most common chemical type or solvent that are used for recycling are Acetates, Ethyl Acetate, all Fluorinated Solvents, all HCFCs, Hexane, Ketones, Methyl Alcohol, N-Propanol, Pentane, and Toluene.
IST Pure
IST provides engineering service, comprising electrical, mechanical, computer-aided design, industrial, prototyping, automation, and control engineering for better industrial performance and processes. A major product line used for solvent recycling is the SR30-30V.
IST Pure has strong partnership with international aerospace manufacturers and subcontractors, such as Pratt & Whitney, Boeing, Bombardier, Heroux-Devtek, and Rolls-Royce.
Maratek Environmental
Maratek helps consumers solve their solvent waste disposal problems through recycling and energy recovery routes.
The company offers a diverse range of standard and custom solvent recycling and recovery services, and produces recycled products of high quality. Also, it provides competitive waste solvent acquisition service for obtaining materials for recycling and distribution, worldwide through different market outlets.
Veolia
Veolia provides recycling of solvents for industrial applications, such as minimizing waste disposal costs and transportation.
CBG Technologies
CBG offers a range of products and solutions in the solvent recycling market, including many solvent products and solvent recycling equipment.
CycleSolv
CycleSolv provides a complete range of services for chemical users, including recycling of spent solvent streams, disposal of non-hazardous waste, and sales of specialty chemicals (compounds, pharmaceuticals, intermediates) and solvents, and cleaning agents and detergents.
Tradebe
Tradebe is one of Europe’s market leaders with services in the US in the handling, purification, and recycling of solvents for sale. The company offers a full solvent recovery service, from collecting the waste using a purpose-built fleet of vehicles, through to the solvent recovery and solvent sales.
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