With the increase in demand for commodities in the world, it is advisable to conserve resources. In the case of liquid wastes generated from pharmaceutical and petroleum industries, an unconventional solution is provided for the regeneration of solvents. However, this solvent recovery can be carried out using various efficient methods. Recently, Mixed Matrix Membranes (MMM) obtained by the addition of nanoparticles into a polymer matrix as reinforcements, or using a material with a well-defined inorganic network as a membrane like zeolite, silica based, Zeolite imidazolate frameworks (ZIFs) and Metal organic frameworks (MOFs), were explored for a solvent recovery process. These membranes possess characteristics such as high selectivity, flux and stability at various environmental conditions for the solvent recovery process. In this review, we have covered the polymer, nanocomposites, and ceramic membranes for solvent recovery through the pervaporation and organic solvent nanofiltration processes. The key challenges faced by the materials such as MOFs, zeolite, silica, zeolite and ZIFs when they are fabricated (through in situ synthesis or secondary growth process) as membranes and separation of solvents to explore for the solvent recovery process are reviewed.