Global Near Infrared Absorbing Materials Market Size Study & Forecast, by Material, Function, Absorption Range, End Use Industry, and Regional Forecasts 2025–2035

The Global Near Infrared (NIR) Absorbing Materials Market is valued at approximately USD 0.32 billion in 2024 and is poised to expand at a healthy CAGR of 7.90% during the forecast period from 2025 to 2035. NIR absorbing materials, typically engineered with the ability to selectively absorb light in the near-infrared region (typically 700–1000 nm and beyond), are gaining significant traction across multiple industries, from automotive coatings and smart windows to solar control films, electronics, and security printing. These materials play a critical role in reducing thermal loads, enhancing visibility and privacy, and protecting components against infrared radiation. As sustainability becomes central to industrial strategies, the demand for NIR absorbers has surged in energy-efficient architectural glass, optoelectronics, and advanced protective coatings.

The growing shift towards high-performance materials in electronic devices, combined with rising demand for smart energy solutions, is expected to further catalyze the adoption of NIR absorbing materials. The functionality of these compounds—ranging from high transparency and superior absorption to robust heat resistance—makes them indispensable in areas like laser shielding, infrared camouflage, agricultural films, and advanced sensors. Furthermore, ongoing research efforts into hybrid organic-inorganic compounds have yielded materials with tunable absorption ranges and improved environmental stability, making them more viable for high-temperature or chemically aggressive environments. As industries continue to migrate toward miniaturization and functionality enhancement, the role of NIR materials is becoming increasingly strategic.

From a geographical perspective, North America currently leads the market share owing to its robust investments in smart coatings, defense technologies, and solar control applications. The presence of leading chemical innovators and increasing infrastructure retrofitting for energy-efficient buildings bolster regional demand. Europe follows closely, driven by regulatory mandates on energy conservation and eco-friendly construction practices. Meanwhile, the Asia Pacific region is forecasted to register the fastest growth over the forecast timeline, largely due to the rapid urbanization in countries like China, India, and South Korea. Expanding consumer electronics manufacturing, coupled with government initiatives toward green buildings and industrial energy savings, are key factors accelerating adoption across the region. Additionally, rising R&D spending in Japan and growing industrial-scale application in China provide substantial growth opportunities for NIR absorbing materials in the years ahead.

Major market players included in this report are:
• BASF SE
• Croda International Plc
• Halliburton Company
• M&D Industries Of Louisiana, Inc.
• Schlumberger Limited
• Aubin Group
• Baker Hughes Company
• Chevron Phillips Chemical Company
• Trican Well Service Ltd.
• Impact Fluid Solutions
• 3M Company
• Cabot Corporation
• Mitsubishi Chemical Corporation
• NIRtech
• Kolon Industries, Inc.

Global Near Infrared Absorbing Materials Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Material:
• Organic Materials
• Inorganic Materials

By Function:
• High Transparency
• Absorption
• Heat Resistance

By Absorption Range:
• 700–1000nm
• Above 1000nm

By End Use Industry:
• Automotive
• Electronics
• Building & Construction
• Defense & Security
• Others

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions. Show more