Vietnam Solar Panel Recycling Market Size, Share, Trends and Forecast by Process, Type, Material, Shelf Life, and Region, 2025-2033

Vietnam Solar Panel Recycling Market Overview:

The Vietnam solar panel recycling market size reached USD 0.89 Million in 2024. The market is projected to reach USD 2.86 Million by 2033, exhibiting a growth rate (CAGR) of 12.41% during 2025-2033. The market is witnessing growing awareness of managing end‑of‑life solar panels, driven by increasing solar deployment and environmental concerns. Local manufacturers and experts emphasize that nearly all materials in photovoltaic panels such as glass, aluminum, plastics, and silicon can be reclaimed. There is demand for clearer regulations, financial incentives, and technology development to ensure timely collection and recycling. As awareness grows and infrastructure develops, Vietnam is positioning itself for stronger participation in the circular economy. These efforts are shaping the Vietnam solar panel recycling market share.

Vietnam Solar Panel Recycling Market Trends:

Strengthened Regulatory Framework via EPR and Decree Updates

Vietnam is advancing its regulatory approach to improve waste management in the renewable energy sector, particularly around solar panels and associated battery systems. In January 2025, the government issued Decree 05/2025/ND-CP, which amends existing rules under Decree 08/2022 to clarify Extended Producer Responsibility (EPR) requirements for producers and importers. Under this update, companies must register annual recycling plans, submit detailed reporting before March each year, and contribute financially to the Vietnam Environmental Protection Fund if they do not carry out recycling directly. Smaller businesses under a defined revenue threshold are exempt, helping focus enforcement on larger players. This clearer legal structure gives stakeholders the guidance they need to prepare long-term recycling operations, invest in recovery systems, and comply with environmental standards. The shift from voluntary to structured responsibility ensures better tracking of solar panel waste and battery disposal. As policy becomes more defined and compliance improves, these changes are expected to significantly contribute to Vietnam solar panel recycling market growth.

Increased Innovation in Recycling Processes and Technologies

Technological innovation is playing a growing role in how Vietnam addresses solar panel and battery recycling. In April 2025, a facility in Đà Nẵng introduced a semi-automated system capable of recovering key materials like glass, aluminum, and plastics from discarded solar panels. Designed to be cost-efficient and locally adaptable, this system offers a practical alternative to expensive imported technologies. The recovered materials can be reused in construction, manufacturing, or even in the production of new energy components. As solar installations increase nationwide, so does the volume of end-of-life panels, prompting a need for scalable solutions. Emerging technologies are also addressing how to separate composite layers safely and extract valuable elements without environmental harm. These innovations not only reduce waste but also create economic opportunities by reintroducing materials into local supply chains. Forward-thinking initiatives like this demonstrate Vietnam’s commitment to closing the loop on clean energy systems. As more pilot projects move into commercial phases, they are expected to shape Vietnam solar panel recycling market trends soon.

Enhancing Cooperation and Infrastructure Building

The expansion of Vietnam's solar panel recycling battery market is increasingly underpinned by greater cooperation between government, research institutions, and industry players. These collaborations seek to create a unified recycling system that targets collection, transportation, and treatment of end-of-life solar panels and batteries in an environmentally responsible manner. Capacity-building programs, such as training and workshops, are also raising awareness among the business community regarding regulatory compliance and best practices in recycling. Steps are also being taken to establish recycling infrastructure to manage the anticipated rise in solar waste as the nation's renewable energy industry grows. Through knowledge sharing and cooperation by pooling resources, players are coming together to establish effective logistics and recycling structures to international standards. This collaborative method not only enhances material recovery ratios but also promotes the circular economy through recycling valuable materials back into manufacturing supply chains. As Vietnam deepens its commitment to sustainable development, such collaborative efforts are vital to creating a strong and responsible solar panel recycling system that is beneficial to both the economy and the environment.

Vietnam Solar Panel Recycling Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on process, type, material, and shelf life.

Process Insights:

• Thermal
• Mechanical
• Laser
• Others

The report has provided a detailed breakup and analysis of the market based on the process. This includes thermal, mechanical, laser, and others.

Type Insights:

• Crystalline Silicon
• Thin Film
• Others

A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes crystalline silicon, thin film, and others.

Material Insights:

• Metal
• Glass
• Aluminum
• Silicon
• Others

The report has provided a detailed breakup and analysis of the market based on the material. This includes metal, glass, aluminum, silicon, and others.

Shelf Life Insights:

• Normal Loss
• Early Loss

A detailed breakup and analysis of the market based on the shelf life have also been provided in the report. This includes normal loss and early loss.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Solar Panel Recycling Market News:

• April 2025: 5R-Tech, a Vietnamese company based in Đà Nẵng, is pioneering solar panel recycling with an innovative system developed at Đà Nẵng University of Science and Technology. Supported by the US-ASEAN Smart Cities Partnership, the company has gained recognition for its sustainable technology efforts. 5R-Tech will represent Vietnam at the Select USA Investment Summit in Maryland, aiming to expand business connections and partnerships in the U.S. and ASEAN markets. This highlights Vietnam’s growing focus on renewable energy and environmental innovation.
• August 2025: TotalEnergies has finalised a major solarization initiative at its lubricants blending plant in Vietnam's Ba Ria-Vung Tau Province. The commissioning of a 310 kWp rooftop solar photovoltaic (PV) system will produce about 460 MWh of clean electricity per year, which would cover roughly 7% of the plant's total electricity usage and cut carbon dioxide emissions by an estimated 380 tonnes annually. This move supports TotalEnergies' goal to be carbon neutral and increase the share of renewable energy in its Asia portfolio.

Vietnam Solar Panel Recycling Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam solar panel recycling market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam solar panel recycling market on the basis of process?
• What is the breakup of the Vietnam solar panel recycling market on the basis of type?
• What is the breakup of the Vietnam solar panel recycling market on the basis of material?
• What is the breakup of the Vietnam solar panel recycling market on the basis of shelf life?
• What is the breakup of the Vietnam solar panel recycling market on the basis of region?
• What are the various stages in the value chain of the Vietnam solar panel recycling market? 
• What are the key driving factors and challenges in the Vietnam solar panel recycling market?
• What is the structure of the Vietnam solar panel recycling market and who are the key players?
• What is the degree of competition in the Vietnam solar panel recycling market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam solar panel recycling market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam solar panel recycling market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam solar panel recycling industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.