MARKET OVERVIEW
The Vietnam solar panel recycling market was valued at USD 0.89 Million in 2024 and is projected to reach USD 2.86 Million by 2033. The market is expected to grow at a CAGR of 12.41% during the forecast period from 2025 to 2033. Growth is driven by rising awareness about managing end-of-life solar panels, increased solar deployment, and environmental concerns. Nearly all photovoltaic panel materials like glass, aluminum, plastics, and silicon can be reclaimed. Vietnam is developing regulations, financial incentives, and recycling technologies to enhance collection and recycling processes, positioning itself for stronger circular economy participation.
STUDY ASSUMPTION YEARS
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
VIETNAM SOLAR PANEL RECYCLING MARKET KEY TAKEAWAYS
- Current Market Size: USD 0.89 Million in 2024
- CAGR: 12.41%
- Forecast Period: 2025-2033
- The market is gaining momentum due to increasing deployment of solar energy systems and environmental concerns about waste.
- Local experts highlight that materials such as glass, aluminum, plastics, and silicon from photovoltaic panels can be almost entirely reclaimed.
- Regulatory developments, including extended producer responsibility (EPR), are providing clearer guidelines for recycling operations.
- Innovation in semi-automated recycling systems enhances material recovery with scalable and cost-effective technologies.
- Collaborative efforts among government, research institutions, and industry players are building effective recycling infrastructure and systems.
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MARKET GROWTH FACTORS
Vietnam’s solar panel recycling market growth is supported by a strengthened regulatory framework focused on waste management for renewable energy equipment. The government enacted Decree 05/2025/ND-CP in January 2025 that amends earlier legislation to explicitly define Extended Producer Responsibility (EPR) requirements for producers and importers of solar panels. Companies must register annual recycling plans, submit detailed reports by March each year, and financially contribute to the Vietnam Environmental Protection Fund if they do not recycle directly. Small businesses under a revenue threshold are exempt. This structured responsibility shift ensures better waste tracking and compliance, thus fostering market expansion.
Technological innovation plays a pivotal role, illustrated by a semi-automated recycling facility launched in Đà Nẵng in April 2025. This system efficiently recovers key materials such as glass, aluminum, and plastics from end-of-life solar panels. The technology is designed to be affordable and locally adaptable, serving as an alternative to expensive imported solutions. These recovered materials find reuse in construction and manufacturing sectors, reinforcing Vietnam’s circular economy. Emerging tech also focuses on safe composite layer separation and valuable material extraction, reducing waste and creating economic opportunities.
Collaboration between government bodies, research institutions, and industry players is bolstering Vietnam’s recycling infrastructure. Joint initiatives focus on developing unified collection, transportation, and treatment systems for solar panels and batteries to meet international environmental standards. Capacity-building through workshops and training enhances regulatory compliance and best recycling practices. This cooperative approach improves material recovery rates and drives the circular economy by reintegrating recycled components into manufacturing supply chains. Vietnam’s dedication to sustainable development is reflected in these foundational efforts that underpin the solar panel recycling market.
MARKET SEGMENTATION
Process Insights:
- Thermal: Covers recycling processes involving heat treatment to recover materials from solar panels.
- Mechanical: Includes processes that use mechanical means such as shredding and separation to recycle panels.
- Laser: Encompasses laser technology-based methods for precise material separation and recovery.
- Others: Refers to any additional recycling process technologies not classified above.
Type Insights:
- Crystalline Silicon: Recycling of solar panels made from crystalline silicon photovoltaic cells.
- Thin Film: Focuses on thin film solar panel recycling techniques.
- Others: Covers recycling of other solar panel types not categorized as crystalline silicon or thin film.
Material Insights:
- Metal: Recycling of various metal components in solar panels.
- Glass: Recovery and recycling of glass used in photovoltaic panels.
- Aluminum: Focus on recycling aluminum parts from the panels.
- Silicon: Reclamation of silicon materials.
- Others: Includes other materials found in solar panels that are recyclable.
Shelf Life Insights:
- Normal Loss: Addresses panels reaching end-of-life following their expected operational lifespan.
- Early Loss: Concerns panels that fail or are discarded before their typical lifespan ends.
REGIONAL INSIGHTS
The Vietnam solar panel recycling market covers three major regions: Northern Vietnam, Central Vietnam, and Southern Vietnam. Central Vietnam is a key area of market activity highlighted by innovations such as the Đà Nẵng semi-automated recycling system. Regional efforts concentrate on developing coordinated collection and recycling infrastructure to handle increasing solar waste as renewable installations grow. Exact regional market share statistics are not provided in the source.
RECENT DEVELOPMENTS & NEWS
In April 2025, 5R-Tech, a Đà Nẵng-based Vietnamese company, launched a pioneering solar panel recycling system developed in partnership with Đà Nẵng University of Science and Technology. Supported by the US-ASEAN Smart Cities Partnership, 5R-Tech gained recognition for sustainable technology efforts and represented Vietnam at the Select USA Investment Summit in Maryland to expand partnerships in the U.S. and ASEAN.
In August 2025, TotalEnergies completed a significant solarization initiative at its lubricants blending plant in Ba Ria-Vung Tau Province. The facility commissioned a 310 kWp rooftop solar PV system projected to generate 460 MWh of clean electricity annually, covering about 7% of the plant’s electricity consumption and reducing CO2 emissions by approximately 380 tonnes per year. This supports TotalEnergies’ carbon neutrality and renewable energy goals in Asia.
KEY PLAYERS
- 5R-Tech
- TotalEnergies
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