With the near infrared absorbing materials trend picking across the world, the global near infrared absorbing material market is set to gain from this phenomenon and jump from a value of USD 340 million in 2024 to USD 764 million by 2034, expanding at a CAGR of 8.4%.
| Attributes | Details |
|---|---|
| Near Infrared Absorbing Material Market Value for 2024 | USD 340 million |
| Near Infrared Absorbing Material Market Value for 2034 | USD 764 million |
| Near Infrared Absorbing Material Market Forecast CAGR for 2024 to 2034 | 8.4% |
In 2019, the global near infrared (NIR) absorbing material market was estimated to reach a valuation of USD 203.5 million. The near infrared absorbing material market witnessed significant growth, registering a CAGR of 10.9% from 2019 to 2023.
| Historical CAGR | 10.9% |
|---|---|
| Forecast CAGR | 8.4% |
The valuation escalated to USD 203.5 million during this time due to the surge in usage of NIR spectroscopy applications in various sectors. A somewhat slower growth rate is predicted for the market, with a projected CAGR of 8.4% from 2019 to 2023.
The market is foreseen to continue developing positively despite the slowdown, driven by further technical improvements, the boom in applications in various industries, and a rising need for accurate analytical solutions.
Industry-specific requirements, environmental laws, and strategic partnerships anticipate the future market landscape. This will spur innovation and market expansion in the near-infrared absorbing material segment.
The below section shows the leadig segment. Based on the material type, the organic material segment is registered to expand at 8.2% CAGR by 2034. Based on function type, the high transparency segment is registered to expand at 8% CAGR by 2034.
Escalation of environmental sustainability and surge in laws governing the usage of hazardous chemicals Industries push the market growth towards organic materials. The electronics, automotive, and architecture industries need materials and coatings with extraordinary transparency to improve product aesthetics and functionality.
| Category | CAGR by 2034 |
|---|---|
| Organic Material | 8.2% |
| High Transparency | 8% |
Within the coatings industry, the organic material segment is expected to experience significant growth, with a projected CAGR of 8.2% by 2034.
The escalating need for sustainable and eco-friendly coating solutions leads to the segmental expansion of the market. Compared to synthetic materials, organic materials are non-toxic and biodegradable, thus aligning with the shifting consumer and regulatory demands for environmentally friendly products.
Developments in the technology of organic materials have produced better performance attributes, such as rise in need for stickiness and durability, which have accelerated their acceptance in various industries.
The market for transparent coatings is expected to grow strongly in the high transparency sector, with a predicted 8% CAGR by 2034. The accelerating need for superior optical qualities and clarity coatings drives this growth trajectory.
Transparent coatings with high levels of transparency are sought after by industries including electronics, automotive, and architecture to improve the functionality and aesthetics of their products.
The coatings are crucial for applications needing flawless surface finishes and eye-catching aesthetics because they provide advantages such as a boom in light transmission, less distortion, and greater optical clarity. The market for high transparency coatings is anticipated to rise in the upcoming years as demand for premium clear coatings keeps escalating.
The table mentions the top five countries ranked by revenue, with South Korea holding the top position.
South Korea dominates the market for near infrared absorbent materials because of its strong research and developmental skills, sophisticated technological infrastructure, and tactical alliances with important sectors. Due to its emphasis on innovation and quality control, the nation is now recognized as a top producer and supplier of high-performance NIR absorbing materials worldwide.
Forecast CAGRs for Near Infrared Absorbent Materials from 2024 to 2034
| Countries | CAGR through 2034 |
|---|---|
| United States | 8.7% |
| United Kingdom | 9.4% |
| China | 8.9% |
| Japan | 9.9% |
| South Korea | 10.1% |
The pharmaceutical and healthcare industries in the United States mainly use the near infrared absorbing material market for NIR spectroscopy applications. The materials are widely used in formulation monitoring, quality control, and drug analysis procedures, which advances pharmaceutical research and development.
The food and beverage sector employs most of the near infrared absorbing material market in the United Kingdom. NIR absorbing materials are used for quality assessment, ingredient analysis, and process monitoring, guaranteeing product uniformity and regulatory compliance and raising the bar in food and beverage manufacturing facilities.
The agricultural industry in China mostly utilizes the market for near-infrared absorbent materials. NIR-absorbing materials are essential for precision farming, crop yield optimization, and overall agricultural productivity. They are used in soil analysis, crop monitoring, and agricultural research applications.
In Japan, the automotive industry broadly uses the near infrared absorbing material market. NIR absorbing compounds are incorporated into coatings, paints, and other automobile materials to improve longevity, UV resistance, and thermal stability and to guarantee that automotive components operate at their best and last a long time under various operating conditions.
The near-infrared absorbent material market in South Korea is mostly used in the semiconductor and electronics industries. To guarantee high production standards and dependability in the processes involved in the fabrication of electronic devices, NIR absorbing materials are used in semiconductor inspection, defect detection, and process monitoring applications.
Many major market players compete with one another by providing a wide variety of NIR absorbing materials that are suited for different sectors. The businesses intensify their research and development to improve material qualities, meet needs unique to their industries, and maintain their competitive edge.
Players often use these tactics for enhancing their market positions and form strategic alliances and collaborations for technological improvement and expansion. Product differentiation and innovation are also majorly driven by manufacturer rivalry due to the upsurge in demand for NIR spectroscopy applications in several industries, including agriculture, food processing, and pharmaceuticals.
Key Developments in the Near Infrared Absorbing Material industry
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 340 million |
| Projected Market Valuation in 2034 | USD 764 million |
| Value-based CAGR 2024 to 2034 | 8.4% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD million |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Market Segments Covered | Material Type, Function Type, End user, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Sumitomo Metal Mining Co. Ltd.; Nanophase Technologies Corporation; Heraeus Holding; Keeling & Walker; Edmund Optics; Merck; 3M; Resonac Holdings Corporation; Advanced Nano Products Co Ltd; Nippon Shokubai Co. Ltd |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Tons) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 4: Global Market Volume (Tons) Forecast by Material Type, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by Function type, 2019 to 2034
Table 6: Global Market Volume (Tons) Forecast by Function type, 2019 to 2034
Table 7: Global Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 8: Global Market Volume (Tons) Forecast by End User, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 10: North America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 12: North America Market Volume (Tons) Forecast by Material Type, 2019 to 2034
Table 13: North America Market Value (US$ Million) Forecast by Function type, 2019 to 2034
Table 14: North America Market Volume (Tons) Forecast by Function type, 2019 to 2034
Table 15: North America Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 16: North America Market Volume (Tons) Forecast by End User, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 18: Latin America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 19: Latin America Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 20: Latin America Market Volume (Tons) Forecast by Material Type, 2019 to 2034
Table 21: Latin America Market Value (US$ Million) Forecast by Function type, 2019 to 2034
Table 22: Latin America Market Volume (Tons) Forecast by Function type, 2019 to 2034
Table 23: Latin America Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 24: Latin America Market Volume (Tons) Forecast by End User, 2019 to 2034
Table 25: Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 27: Europe Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 28: Europe Market Volume (Tons) Forecast by Material Type, 2019 to 2034
Table 29: Europe Market Value (US$ Million) Forecast by Function type, 2019 to 2034
Table 30: Europe Market Volume (Tons) Forecast by Function type, 2019 to 2034
Table 31: Europe Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 32: Europe Market Volume (Tons) Forecast by End User, 2019 to 2034
Table 33: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 34: East Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 35: East Asia Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 36: East Asia Market Volume (Tons) Forecast by Material Type, 2019 to 2034
Table 37: East Asia Market Value (US$ Million) Forecast by Function type, 2019 to 2034
Table 38: East Asia Market Volume (Tons) Forecast by Function type, 2019 to 2034
Table 39: East Asia Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 40: East Asia Market Volume (Tons) Forecast by End User, 2019 to 2034
Table 41: South Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 42: South Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 43: South Asia Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 44: South Asia Market Volume (Tons) Forecast by Material Type, 2019 to 2034
Table 45: South Asia Market Value (US$ Million) Forecast by Function type, 2019 to 2034
Table 46: South Asia Market Volume (Tons) Forecast by Function type, 2019 to 2034
Table 47: South Asia Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 48: South Asia Market Volume (Tons) Forecast by End User, 2019 to 2034
Table 49: Oceania Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 50: Oceania Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 51: Oceania Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 52: Oceania Market Volume (Tons) Forecast by Material Type, 2019 to 2034
Table 53: Oceania Market Value (US$ Million) Forecast by Function type, 2019 to 2034
Table 54: Oceania Market Volume (Tons) Forecast by Function type, 2019 to 2034
Table 55: Oceania Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 56: Oceania Market Volume (Tons) Forecast by End User, 2019 to 2034
Table 57: MEA Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 58: MEA Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 59: MEA Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 60: MEA Market Volume (Tons) Forecast by Material Type, 2019 to 2034
Table 61: MEA Market Value (US$ Million) Forecast by Function type, 2019 to 2034
Table 62: MEA Market Volume (Tons) Forecast by Function type, 2019 to 2034
Table 63: MEA Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 64: MEA Market Volume (Tons) Forecast by End User, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Function type, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by End User, 2024 to 2034
Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 6: Global Market Volume (Tons) Analysis by Region, 2019 to 2034
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 9: Global Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 10: Global Market Volume (Tons) Analysis by Material Type, 2019 to 2034
Figure 11: Global Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 12: Global Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 13: Global Market Value (US$ Million) Analysis by Function type, 2019 to 2034
Figure 14: Global Market Volume (Tons) Analysis by Function type, 2019 to 2034
Figure 15: Global Market Value Share (%) and BPS Analysis by Function type, 2024 to 2034
Figure 16: Global Market Y-o-Y Growth (%) Projections by Function type, 2024 to 2034
Figure 17: Global Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 18: Global Market Volume (Tons) Analysis by End User, 2019 to 2034
Figure 19: Global Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 20: Global Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 21: Global Market Attractiveness by Material Type, 2024 to 2034
Figure 22: Global Market Attractiveness by Function type, 2024 to 2034
Figure 23: Global Market Attractiveness by End User, 2024 to 2034
Figure 24: Global Market Attractiveness by Region, 2024 to 2034
Figure 25: North America Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 26: North America Market Value (US$ Million) by Function type, 2024 to 2034
Figure 27: North America Market Value (US$ Million) by End User, 2024 to 2034
Figure 28: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 30: North America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 33: North America Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 34: North America Market Volume (Tons) Analysis by Material Type, 2019 to 2034
Figure 35: North America Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 36: North America Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 37: North America Market Value (US$ Million) Analysis by Function type, 2019 to 2034
Figure 38: North America Market Volume (Tons) Analysis by Function type, 2019 to 2034
Figure 39: North America Market Value Share (%) and BPS Analysis by Function type, 2024 to 2034
Figure 40: North America Market Y-o-Y Growth (%) Projections by Function type, 2024 to 2034
Figure 41: North America Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 42: North America Market Volume (Tons) Analysis by End User, 2019 to 2034
Figure 43: North America Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 44: North America Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 45: North America Market Attractiveness by Material Type, 2024 to 2034
Figure 46: North America Market Attractiveness by Function type, 2024 to 2034
Figure 47: North America Market Attractiveness by End User, 2024 to 2034
Figure 48: North America Market Attractiveness by Country, 2024 to 2034
Figure 49: Latin America Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 50: Latin America Market Value (US$ Million) by Function type, 2024 to 2034
Figure 51: Latin America Market Value (US$ Million) by End User, 2024 to 2034
Figure 52: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 54: Latin America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 57: Latin America Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 58: Latin America Market Volume (Tons) Analysis by Material Type, 2019 to 2034
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 61: Latin America Market Value (US$ Million) Analysis by Function type, 2019 to 2034
Figure 62: Latin America Market Volume (Tons) Analysis by Function type, 2019 to 2034
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Function type, 2024 to 2034
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Function type, 2024 to 2034
Figure 65: Latin America Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 66: Latin America Market Volume (Tons) Analysis by End User, 2019 to 2034
Figure 67: Latin America Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 69: Latin America Market Attractiveness by Material Type, 2024 to 2034
Figure 70: Latin America Market Attractiveness by Function type, 2024 to 2034
Figure 71: Latin America Market Attractiveness by End User, 2024 to 2034
Figure 72: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 73: Europe Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 74: Europe Market Value (US$ Million) by Function type, 2024 to 2034
Figure 75: Europe Market Value (US$ Million) by End User, 2024 to 2034
Figure 76: Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 78: Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 81: Europe Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 82: Europe Market Volume (Tons) Analysis by Material Type, 2019 to 2034
Figure 83: Europe Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 85: Europe Market Value (US$ Million) Analysis by Function type, 2019 to 2034
Figure 86: Europe Market Volume (Tons) Analysis by Function type, 2019 to 2034
Figure 87: Europe Market Value Share (%) and BPS Analysis by Function type, 2024 to 2034
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Function type, 2024 to 2034
Figure 89: Europe Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 90: Europe Market Volume (Tons) Analysis by End User, 2019 to 2034
Figure 91: Europe Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 92: Europe Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 93: Europe Market Attractiveness by Material Type, 2024 to 2034
Figure 94: Europe Market Attractiveness by Function type, 2024 to 2034
Figure 95: Europe Market Attractiveness by End User, 2024 to 2034
Figure 96: Europe Market Attractiveness by Country, 2024 to 2034
Figure 97: East Asia Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 98: East Asia Market Value (US$ Million) by Function type, 2024 to 2034
Figure 99: East Asia Market Value (US$ Million) by End User, 2024 to 2034
Figure 100: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 101: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 102: East Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 103: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 104: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 105: East Asia Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 106: East Asia Market Volume (Tons) Analysis by Material Type, 2019 to 2034
Figure 107: East Asia Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 108: East Asia Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 109: East Asia Market Value (US$ Million) Analysis by Function type, 2019 to 2034
Figure 110: East Asia Market Volume (Tons) Analysis by Function type, 2019 to 2034
Figure 111: East Asia Market Value Share (%) and BPS Analysis by Function type, 2024 to 2034
Figure 112: East Asia Market Y-o-Y Growth (%) Projections by Function type, 2024 to 2034
Figure 113: East Asia Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 114: East Asia Market Volume (Tons) Analysis by End User, 2019 to 2034
Figure 115: East Asia Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 116: East Asia Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 117: East Asia Market Attractiveness by Material Type, 2024 to 2034
Figure 118: East Asia Market Attractiveness by Function type, 2024 to 2034
Figure 119: East Asia Market Attractiveness by End User, 2024 to 2034
Figure 120: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 121: South Asia Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 122: South Asia Market Value (US$ Million) by Function type, 2024 to 2034
Figure 123: South Asia Market Value (US$ Million) by End User, 2024 to 2034
Figure 124: South Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 125: South Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 126: South Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 127: South Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 128: South Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 129: South Asia Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 130: South Asia Market Volume (Tons) Analysis by Material Type, 2019 to 2034
Figure 131: South Asia Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 132: South Asia Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 133: South Asia Market Value (US$ Million) Analysis by Function type, 2019 to 2034
Figure 134: South Asia Market Volume (Tons) Analysis by Function type, 2019 to 2034
Figure 135: South Asia Market Value Share (%) and BPS Analysis by Function type, 2024 to 2034
Figure 136: South Asia Market Y-o-Y Growth (%) Projections by Function type, 2024 to 2034
Figure 137: South Asia Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 138: South Asia Market Volume (Tons) Analysis by End User, 2019 to 2034
Figure 139: South Asia Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 140: South Asia Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 141: South Asia Market Attractiveness by Material Type, 2024 to 2034
Figure 142: South Asia Market Attractiveness by Function type, 2024 to 2034
Figure 143: South Asia Market Attractiveness by End User, 2024 to 2034
Figure 144: South Asia Market Attractiveness by Country, 2024 to 2034
Figure 145: Oceania Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 146: Oceania Market Value (US$ Million) by Function type, 2024 to 2034
Figure 147: Oceania Market Value (US$ Million) by End User, 2024 to 2034
Figure 148: Oceania Market Value (US$ Million) by Country, 2024 to 2034
Figure 149: Oceania Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 150: Oceania Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 151: Oceania Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 152: Oceania Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 153: Oceania Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 154: Oceania Market Volume (Tons) Analysis by Material Type, 2019 to 2034
Figure 155: Oceania Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 156: Oceania Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 157: Oceania Market Value (US$ Million) Analysis by Function type, 2019 to 2034
Figure 158: Oceania Market Volume (Tons) Analysis by Function type, 2019 to 2034
Figure 159: Oceania Market Value Share (%) and BPS Analysis by Function type, 2024 to 2034
Figure 160: Oceania Market Y-o-Y Growth (%) Projections by Function type, 2024 to 2034
Figure 161: Oceania Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 162: Oceania Market Volume (Tons) Analysis by End User, 2019 to 2034
Figure 163: Oceania Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 164: Oceania Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 165: Oceania Market Attractiveness by Material Type, 2024 to 2034
Figure 166: Oceania Market Attractiveness by Function type, 2024 to 2034
Figure 167: Oceania Market Attractiveness by End User, 2024 to 2034
Figure 168: Oceania Market Attractiveness by Country, 2024 to 2034
Figure 169: MEA Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 170: MEA Market Value (US$ Million) by Function type, 2024 to 2034
Figure 171: MEA Market Value (US$ Million) by End User, 2024 to 2034
Figure 172: MEA Market Value (US$ Million) by Country, 2024 to 2034
Figure 173: MEA Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 174: MEA Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 175: MEA Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 176: MEA Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 177: MEA Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 178: MEA Market Volume (Tons) Analysis by Material Type, 2019 to 2034
Figure 179: MEA Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 180: MEA Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 181: MEA Market Value (US$ Million) Analysis by Function type, 2019 to 2034
Figure 182: MEA Market Volume (Tons) Analysis by Function type, 2019 to 2034
Figure 183: MEA Market Value Share (%) and BPS Analysis by Function type, 2024 to 2034
Figure 184: MEA Market Y-o-Y Growth (%) Projections by Function type, 2024 to 2034
Figure 185: MEA Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 186: MEA Market Volume (Tons) Analysis by End User, 2019 to 2034
Figure 187: MEA Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 188: MEA Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 189: MEA Market Attractiveness by Material Type, 2024 to 2034
Figure 190: MEA Market Attractiveness by Function type, 2024 to 2034
Figure 191: MEA Market Attractiveness by End User, 2024 to 2034
Figure 192: MEA Market Attractiveness by Country, 2024 to 2034
As of 2024, the market for near infrared absorbing materials is expected to be valued at USD 340 million.
The near infrared absorbing material market is projected to expand at a CAGR of 8.4% between 2024 and 2034.
The organic material segment is projected to dominate the industry.
By 2034, the market value of Near Infrared Absorbing Material is expected to reach USD 764 million.
South Korea is likely the top-performing market, with a CAGR of 10.1%.
Explore General & Advanced Materials Insights
Near Infrared Absorbing Material Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
