Market Overview
The Vietnam Solar Panel Recycling Market reached a size of USD 0.89 Million in 2024 and is projected to grow to USD 2.86 Million by 2033, registering a CAGR of 12.41% during the forecast period 2025-2033. This growth is driven by increased awareness of end-of-life solar panel management, rising solar deployments, and environmental concerns. Nearly all photovoltaic materials like glass, aluminum, plastics, and silicon can be reclaimed, prompting demand for clearer regulations, financial incentives, and technology advancements.
Study Assumption Years
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Period: 2025-2033
Vietnam Solar Panel Recycling Market Key Takeaways
- Current Market Size (2024): USD 0.89 Million
- CAGR (2025-2033): 12.41%
- Forecast Period: 2025-2033
- Vietnam is strengthening its regulatory framework, notably through Decree 05/2025/ND-CP, clarifying Extended Producer Responsibility for producers and importers.
- Innovations in recycling technology, such as a semi-automated recovery system launched in Đà Nẵng, are improving material recovery from solar panels.
- Cooperative efforts between government, research institutions, and industry aim to build unified recycling infrastructure and raise regulatory compliance awareness.
- Pilot projects and expanding infrastructure support Vietnam’s growing renewable energy industry and circular economy initiatives.
- Demand for clearer regulations, financial incentives, and advanced technologies continues to shape market growth.
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Market Growth Factors
Vietnam improves its regulations. Under Decree 05/2025/ND-CP, according to amendments of previous regulations, producers and importers of solar panels and batteries must prepare annual recycling plans. Each year by March, the companies must submit a detailed report that includes the number of workers involved in collection, recycling, and disposal. Companies not subject to recycling obligations must pay a fee into the Vietnam Environmental Protection Fund. However, micro and small businesses under a certain threshold are exempted by law. On account of that, the clearer legal framework is encouraging long-term investments in recycling and compliance, improving tracking of solar waste and supporting the market.
Production increases and technology improvements may support growth. In April 2025, a Đà Nẵng, Vietnam, plant recovered glass, aluminum and plastics from discarded solar panels with a semi-automated process. Its cost is comparable, and is much cheaper than many technologies that are imported. The reclaimed materials can be re-used in construction, manufacturing and energy systems. As solar installations are expected to grow nationwide, recycling programs for end-of-life solar panels need to be constructed to reduce waste and increase material reuse in local supply chains.
Collaboration between governmental authorities, research institutes, and industry creates the conditions for the establishment of Vietnam’s solar panel recycling market. Activities include a full recycling value chain, covering collection, transportation, and treatment of solar waste, and train stakeholders on regulatory compliance and best practices. These efforts can ensure that recycling infrastructure is in place to meet the projected demand for solar waste as renewable energy use increases and can improve material recovery ratios, circular economy practices and enable a system that is economically and environmentally sustainable.
Market Segmentation
Process Insights:
- Thermal: Covers recycling processes utilizing heat to recover materials from solar panels.
- Mechanical: Includes physical processes such as shredding and crushing to separate panel components.
- Laser: Employs laser technology for precise material separation and recovery.
- Others: Encompasses any additional recycling methods not classified above.
Type Insights:
- Crystalline Silicon: Involves recycling of panels made predominantly with crystalline silicon cells.
- Thin Film: Addresses recycling of thin film solar panels composed of layers like CdTe or CIGS.
- Others: Covers other panel types not included in crystalline silicon or thin film categories.
Material Insights:
- Metal: Focuses on reclaiming various metals from solar panels.
- Glass: Includes recovery of glass components from photovoltaic panels.
- Aluminum: Entails recycling aluminum frames and parts.
- Silicon: Covers reclaiming silicon materials used in solar cells.
- Others: Includes other materials recovered during recycling not specified above.
Shelf Life Insights:
- Normal Loss: Refers to solar panels reaching end-of-life based on expected operational lifespan.
- Early Loss: Involves panels discarded earlier than normal, due to defects or damage.
Regional Insights
The Vietnam solar panel recycling market is segmented into Northern Vietnam, Central Vietnam, and Southern Vietnam. However, the report does not specify a dominant region or related statistics such as market share or growth rates. Therefore, the dominant regional market and specific numerical insights are not provided in the source.
Recent Developments & News
In April 2025, 5R-Tech, a Vietnamese company based in Đà Nẵng, pioneered a solar panel recycling system developed at Đà Nẵng University of Science and Technology. Supported by the US-ASEAN Smart Cities Partnership, the company gained recognition for sustainable technology and plans to showcase its innovations at the Select USA Investment Summit in Maryland to expand partnerships in the U.S. and ASEAN markets.
In August 2025, TotalEnergies completed a solarization project at its lubricants blending plant in Ba Ria-Vung Tau Province. The installation of a 310 kWp rooftop solar PV system will generate around 460 MWh of clean electricity annually, covering about 7% of the plant’s electricity consumption and reducing carbon dioxide emissions by approximately 380 tonnes per year. This initiative supports TotalEnergies’ carbon-neutral ambitions and renewable energy expansion in Asia.
Key Players
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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