I covered the relationship between Try, Either, and Option in this answer. The highlights from there regarding the relationship between Try and Either are summarized below:
Try[A] is isomorphic to Either[Throwable, A]. In other words you can treat a Try as an Either with a left type of Throwable, and you can treat any Either that has a left type of Throwable as a Try. It is conventional to use Left for failures and Right for successes.
Of course, you can also use Either more broadly, not only in situations with missing or exceptional values. There are other situations where Either can help express the semantics of a simple union type (where value is one of two types).
Semantically, you might use Try to indicate that the operation might fail. You might similarly use Either in such a situation, especially if your "error" type is something other than Throwable (e.g. Either[ErrorType, SuccessType]). And then you might also use Either when you are operating over a union type (e.g. Either[PossibleType1, PossibleType2]).
Since Scala 2.12, the standard library does include the conversions from Either to Try or from Try to Either. For earlier versions, it is pretty simple to enrich Try, and Either as needed:
object TryEitherConversions {
implicit class EitherToTry[L <: Throwable, R](val e: Either[L, R]) extends AnyVal {
def toTry: Try[R] = e.fold(Failure(_), Success(_))
}
implicit class TryToEither[T](val t: Try[T]) extends AnyVal {
def toEither: Either[Throwable, T] =
t.map(Right(_)).recover(Left(_)).get
}
}
This would allow you to do:
import TryEitherConversions._
//Try to Either
Try(1).toEither //Either[Throwable, Int] = Right(1)
Try("foo".toInt).toEither //Either[Throwable, Int] = Left(java.lang.NumberFormatException)
//Either to Try
Right[Throwable, Int](1).toTry //Success(1)
Left[Throwable, Int](new Exception).toTry //Failure(java.lang.Exception)