Solar Panel Recycling Market Increasing Demand, Growth Analysis and Future Outlook by 2031

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 copyright), 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


Global Solar Panel Recycling Market Report Segment

By Material

  • Glass

  • Plastic

  • Aluminum

  • Silicon

  • Metals


By Product

  • Silicon Based PV

  • Thin Film PV


By Process

  • Thermal

  • Mechanical

  • Chemical

  • Combination

  • Laser


Global Solar Panel Recycling Market Report Segment by Region

North America

  • United States

  • copyright


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

  • Middle East & Africa


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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