Near Infrared Absorbing Materials Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Material (Organic, Inorganic), By Function (High Transparency, Absorption, Heat Resistance), By End Use Industry (Electronics & Telecommunications, Industrial Sector, Defence & Security, Photovoltaics, Others), By Region and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationNear Infrared Absorbing Materials Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Material (Organic, Inorganic), By Function (High Transparency, Absorption, Heat Resistance), By End Use Industry (Electronics & Telecommunications, Industrial Sector, Defence & Security, Photovoltaics, Others), By Region and Competition
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 296.13 million |
| CAGR (2023-2028) | 6.89% |
| Fastest Growing Segment | Inorganic |
| Largest Market | Asia Pacific |
Market Overview
Key Market Drivers
Rising Demand of Near Infrared Absorbing Materials in Electronics & Telecommunications Industry
Increasing Demand of Near Infrared Absorbing Materials in Industrial Sector
Rising Demand of Near Infrared Absorbing Materials in Defence & Security Sector
Key Market Challenges
Cost-Effective Manufacturing and Regulatory Compliance Poses a Significant Obstacle to Market Expansion
Material Durability and Lifespan
Key Market Trends
Rising Demand for Energy-Efficient Building Materials
Advancements in Healthcare and Diagnostics
Environmental Monitoring and Remote Sensing
Segmental Insights
Material Insights
Function Insights
End Use Industry Insights
Regional Insights
Recent Developments
- In April 2023, Edmund Optics, a
well-known provider of optical components catering to a wide range of
applications, entered a collaborative venture with ISP Optics to make ISP
Optics' comprehensive range of top-notch optical components available worldwide
in more than 15 infrared (IR) materials. In this partnership, Edmund Optics
assumes the role of a global e-commerce distributor for ISP Optics.
- In October 2022, YAGEO, the
world's leading supplier of passive electronic components, acquired Heraeus'
platinum temperature sensor business effective March 31, 2023.
- In August 2018, Sumitomo Metal
Mining Co., Ltd. reached a settlement with the Korean company Nexfil in the
lawsuit SMM brought about at the Seoul Central District Court on the grounds
that some of Nexfil’s products infringe patent rights relating to
Infrared-shielding body1 which belong to SMM.
Key Market Players
- Sumitomo Metal Mining Co., Ltd.
- Nanophase Technologies Corporation
- Heraeus Holding
- Keeling & Walker Ltd
- Edmund Scientific Corporation
- Nippon Shokubai Co., Ltd.
- Resonac Holdings Corporation
- Inframat Advanced Materials LLC
- Epolin LLC
- American Elements
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