Solar panel recycling market is anticipated to grow at a significant CAGR of 14.3% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of silicon-based PV solar panels containing silicon solar cells resulting in increased demand for solar panel recyclings globally. According to the American Chemical Society, in May 2022, More than 90.0% of photovoltaic (PV) panels rely on crystalline silicon and have a life span of about 30 years. Forecasts suggest that 8.0 million metric tons of these panels will have reached the end of their working lives by 2030, a tally that is projected to reach 80.0 million tons by 2050.

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The global solar panel recycling market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Solar Panel Recycling Market by Material

Glass
Plastic
Aluminum
Silicon
Metals

Global Solar Panel Recycling Market by Product

Silicon Based PV
Thin Film PV

Global Solar Panel Recycling Market by Process

Thermal
Mechanical
Chemical
Combination
Laser

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
The Middle East & Africa

Company Profiles 

Aerisoul Metal & Energy Corp.
Cleanlites Recycling
Creative Energies
Cyber Computer Recycling & Disposal PTY. LTD
Eiki Shoji Co., Ltd.
Elecsome
Envaris GmbH
GCL Technology
INTERCO TRADING, INC.
PV CYCLE
Recycle1234
Reiling GmbH & Co. KG
Rinovasol Global Services B.V.
SILCONTEL Ltd.
Silrec Corp.
Sinopower Holding (Hong Kong) Co. Ltd.
Sinovoltaics Group Ltd.
SOLARCYLE, Inc.
We Recycle Solar

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global solar panel recycling market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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