Solvent Recovery Equipment Market Size Remain Lucrative During COVID-19 2028

Published: 2020-05-03 Views: 67
Author: datainsightspartner
Published in: Arts & Entertainment

Report Description

A recent market intelligence report that is published by Data Insights Partner on the global Solvent Recovery Equipment Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Solvent Recovery Equipment Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Solvent Recovery Equipment Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Solvent Recovery Equipment Market is offered. In accordance with the report, the global Solvent Recovery Equipment Market is projected to expand at a CAGR of 9.67 % over the period of forecast.

Market Insight, Drivers, Restraints& Opportunity of the Market:

The solvent recycling equipment is a process that helps in separating waste and extracts useful solvents and raw materials using distillation process to turn the waste back into reusable solvent. Through the recycling process of solvents, manufacturers save a lot of money by avoiding purchase of new solvents.

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Environmental Sustainability is the primary driver of growth for the solvent recovery equipment market. Strong focus of authorities and awareness amongst manufacturers to protect and preserve the environment from disposal of hazardous solvent will also drive the Solvent Recovery Equipment market towards positive growth in the forecast period. Many solvents are used in the various processes like paint and powder coating, metal finishing, parts washing etc. With the help of solvent recovery equipment, many solvents are recycled thereby reducing new solvent cost. Companies can also avoid waste management cost and streamline operations. Solvents are used both in commercial and industrial processes. With the increase in scale of operations, the demand for solvents will also experience a demand, thereby boosting the Solvent recovery equipment market in the future years. Many companies like OFRU Recycling, rent a system for the users to test if the solvent recovery equipment will be useful for their processes, thereby protecting and reducing the expenses.

However, high installation and maintenance cost of machineries involved in solvent recovery equipment is the major restraint that might hinder the growth of global solvent recovery equipment market in the forecast period. Also heavy research and development investments will act as a major barrier for the growth of solvent recovery equipment market in the future.

With strong focus of Government authorities for sustainable industrial operations, North America is expected to account for the major share of the market. Asia Pacific is also expected to grow due to rapid industrialization in developed economies of this region.

Cement Industry procures the harmful contaminants that are removed during the solvent recycling process. These contaminants contain significant amount of hydrocarbons to fight the cement kilns and achieve high temperature that is required to carry out cement manufacturing process. With an increase in number of cement industries, this will act as an opportunity to drive the demand for solvent recycling equipment market over the forecast period.

However, many industries across the globe have shut down their operations in response to the lockdown orders issues by Government of various countries. As such the demand for Solvent recovery equipment is reducing hampering the growth of this market in the current period.

Segment Covered:

This market intelligence report on the global Solvent Recovery Equipment Market encompasses market segments based on product type, design, capacity, application and country/regions.

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In terms of type, the global Solvent Recovery Equipment Market is segregated into :

On-Site Solvent Recovery Equipment
Off-Site Solvent Recovery Equipment

In terms of design, the global Solvent Recovery Equipment Market is segregated into :

Simple Distillation
Fractional Distillation

In terms of capacity, the global Solvent Recovery Equipment Market is segregated into :

Low Capacity (Below 16 gallons)
Medium Capacity (16-55 gallons)
High Capacity (Above 55 gallons)

By application, the global Solvent Recovery Equipment Market is also classified into :

Printing Industry
Painting & Coatings
Oil & Chemical
Pharmaceuticals

By country/region, the global Solvent Recovery Equipment Market has been divided into :

North America (the U.S., Canada),
Latin America (Brazil, Mexico, Argentina and other countries),
Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
Middle East and Africa (GCC, South Africa, Israel and Other countries).

Profiling of Market Players:

This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as

Durr MEGTEC
OFRU Recycling GmBH
Sulzer Ltd
Progressive Recovery Inc.
Spooner AMCEC
HongYi
Maratek Environmental Inc
CMI Group
Wintek Corporation
CBG Technologies
KURIMOTO Ltd
Oregon Environmental Systems
KOBEX Co. Ltd
KIMURA Chemical Plants
Koch Modular Process Systems
Wiggens
NexGen Enviro Systems
IST Pure
Daetwyler Cleaning Technologies
EZG Manufacturing and many more

Others players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Solvent Recovery Equipment related investment & spending and developments by major players of the market are tracked in this global report.

Report Highlights:

In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter's five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.

Salient Features:

Ø This study offers comprehensive yet detailed analysis of the Solvent Recovery Equipment Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year

Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market

Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook

Ø Profiling of key market players in the world Solvent Recovery Equipment Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview

Ø Leading market players covered this report comprise names such as Durr MEGTEC, OFRU Recycling, Sulzer, Progressive Recovery, Spooner AMCEC, HongYi, Maratek Environmental,CMI Group, Wintek Corporation and many more.

Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation

Ø The world market for Solvent Recovery Equipment Market caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Solvent Recovery Equipment Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants

Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports

Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation

Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion

Reasons to buy:

v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Solvent Recovery Equipment Market

v Identification of key factors driving investment opportunities in the Solvent Recovery Equipment Market

v Facilitate decision-making based on strong historic and forecast data

v Position yourself to gain the maximum advantage of the industry’s growth potential

v Develop strategies based on the latest regulatory events

v Identify key partners and business development avenues

v Respond to your competitors’ business structure, strategy and prospects

v Identify key strengths and weaknesses of important market participants

Full View of Report Description: https://datainsightspartner.com/report/solvent-recovery-equipment-market/403

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