Solar Panel Recycling Market Size, Share, Growth Analysis, By Process (Thermal, Chemical), By Material, By Shelf Life, By Type, By Region - Industry Forecast 2025-2032

Solar Panel Recycling Market size was valued at USD 227.81 Million in 2023 and is poised to grow from USD 256.29 Million in 2024 to USD 584.52 Million by 2032, growing at a CAGR of 12.5% during the forecast period (2025-2032).

Solar panel recycling is projected to gain traction around the world as emphasis on sustainability and renewable energy adoption increases in the future. The launch of new initiatives to promote recycling of multiple materials and availability of subsidies for the same are also expected to foster new opportunities for solar panel recycling companies going forward. Rising costs of raw materials required for solar panel manufacturing are also estimated to bolster solar panel recycling market outlook in the long run. Surging investments in the development of novel solar panel recycling technologies and solutions coupled with increasing solar installations around the world are also slated to create new opportunities for business growth across the study period and beyond. On the contrary, high costs of recycling, lack of standardization in the solar panel recycling industry, and lack of awareness are forecasted to be key constraints that limit the growth potential of solar panel recycling companies in the future.