Metal Extraction Solvents Market: Latest Industry Trends, Growth
and Key Players
Metal Extraction Solvents Market: Overview
Metal extract solvents are organic solvents used as extractants to extract metals and
organic contaminants from soil
Extraction solvent is mixed with contaminated soil in an extraction unit. The solution then
is passed over a separator. Extractants and contaminants are separated from the soil.
Metals are then extracted along with the targeted organic contaminants.
Metal extraction solvents are used to extract rare earth metals as well as heavy metals
Rise in Demand for Extraction of Heavy Metals to Drive Metal Extraction Solvents
Companies need to recycle waste containing heavy metals in an environment-friendly and
economically profitable way. Industrial waste generated form television, cellphones,
computers, permanent magnets, and tablet manufacturing industry contains rare earth
metals. Waste containing rare earth metals is a key concern for companies. Scarcity of rare
earth metals is a key factor driving the need of recycling and extraction of rare earth
metals form industrial waste. This is boosting the demand for metal extraction solvents
across the globe.
Increase in environmental regulations related to heavy metal waste recycling is also
augmenting the metal extraction solvents market
The global industrial shutdown and disruption in manufacturing activities caused by the
COVID-19 have hampered the global metal extraction solvents market. The industrial
shutdown has affected waste generation and ultimately the recycling of waste. In turn,
this has adversely affected the consumption of metal extraction solvents.
Disruption in supply of raw materials has led to a shortage of raw materials. This has
increased the prices of raw materials. The downstream supply chain is expected to take
longer for deliveries. The industrial shutdown has also adversely impacted product and
inventory transportation, as logistic services have been hampered.