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Market Overview of Global Solvent Recovery Equipment market:
According to our latest research, the global Solvent Recovery Equipment market looks promising in the next 5 years. As of 2022, the global Solvent Recovery Equipment market was estimated at USD 1088.58 million, and it's anticipated to reach USD 1500.92 million in 2028, with a CAGR of 5.5% during the forecast years.
Solvent recovery refers to the process of recovering and recycling solvents or extracting essential substances from the solvents produced in the manufacturing process. Solvent Recovery Equipment removes soils, debris and oils from used cleaning solvent through distillation, and allows for reuse of the cleaning solvent.
Influence of COVID-19 Outbreak on Solvent Recovery Equipment Industry Development
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.
For the Solvent Recovery Equipment industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.
Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:
Dürr Group is one of the major players operating in the Solvent Recovery Equipment market, holding a share of 6.00% in 2021.
Dürr Group is a world-leading mechanical and equipment engineering enterprise with rich professional experience in automation and digitalization/industry 4.0. The Group provides products, systems and services to help multiple industries achieve efficient manufacturing processes. Dürr Group serves many industries such as automobile industry, mechanical engineering, chemistry, pharmacy and wood processing.
FORMECO, born in 1971, manufactures in the production facility located in Northern Italy, 4,200 m2 indoor on an area of 10,000 m2. Installing more than 40,000 machines, Formeco holds a world-wide leadership position in the production of recycling machines for waste water and solvents.
Segmentation Overview:
Among different product types, On-site Solvent Recovery Equipment segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Chemical segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Solvent Recovery Equipment market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Solvent Recovery Equipment Market Report:
Market Size Estimates: Solvent Recovery Equipment market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Solvent Recovery Equipment market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Solvent Recovery Equipment market
Segment Market Analysis: Solvent Recovery Equipment market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Solvent Recovery Equipment market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Solvent Recovery Equipment Market: Revenue and sales volume of major countries in each region
Solvent Recovery Equipment Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Solvent Recovery Equipment market in major regions.
Solvent Recovery Equipment Industry Value Chain: Solvent Recovery Equipment market raw materials & suppliers, manufacturing process, distributors, downstream customers
Solvent Recovery Equipment Industry News, Policies & Regulations
Key players in the global Solvent Recovery Equipment market are covered in Chapter 12:
Uni-ram
KOBEX Co., Ltd.
Koch Modular Process Systems
Progressive Recovery, Inc.
Nikkaki
Maratek Environmental Inc.
CBG Biotech
SRS Engineering Corporation
Spooner Industries
Dürr Group
DW Renzmann
Wintek Corporation
NexGen Enviro Systems
Sulzer
Formeco
KIMURA CHEMICAL PLANTS CO., LTD.
HongYi
Oregon Environmental Systems
International Surface Technologies
OFRU Recycling
In Chapter 2 and Chapter 15.1, based on types, the Solvent Recovery Equipment market from 2018 to 2028 is primarily split into:
On-site Solvent Recovery Equipment
Off-site Solvent Recovery Equipment
In Chapter 3 and Chapter 15.2, based on applications, the Solvent Recovery Equipment market from 2018 to 2028 covers:
Automobile
Semiconductors
Chemical
Pharmaceuticals
Printing Industry
Painting & Coating
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Solvent Recovery Equipment market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028