Is industrial solvent recycling profitable?
Today, there has been tremendous global demand for industrial solvents. Not only this, it has boosted the market outlook. The usage of solvents is not only limited to a single industry. These solvents can be dangerous to health and the green environment. It is estimated that in 2017, the Industrial Solvents Market size was over USD 23.5 billion, which will cross about 28 million tons by 2024. With this increasing demand for solvents comes to a significant responsibility on industries to recycle in-house solvents. The concept of solvent recycling has been in the market since 1976. Then EPA rules were introduced due to the increasing importance of solvents. Over time, there have been many positive changes and improvements in managing industrial waste to reduce its environmental impact that has benefitted the public and business owners. With technological advancement, recycling has become more accessible and profitable to industries in many ways. What is solvent recycli...