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

Description

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
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

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.

Chapter 1. Global Near Infrared Absorbing Materials Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Near Infrared Absorbing Materials Market Forces Analysis

3.1. Market Forces Shaping The Global Near Infrared Absorbing Materials Market (2024-2035)
3.2. Drivers
- 3.2.1. Rising adoption of energy-efficient construction materials
- 3.2.2. Expanding use in electronics, automotive, and smart coatings
3.3. Restraints
- 3.3.1. High production costs of advanced NIR absorbing materials
- 3.3.2. Limited awareness in developing regions
3.4. Opportunities
- 3.4.1. Technological advancements in hybrid organic-inorganic compositions
- 3.4.2. Surge in smart infrastructure and defense applications

Chapter 4. Global Near Infrared Absorbing Materials Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyers
- 4.1.2. Bargaining Power of Suppliers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Near Infrared Absorbing Materials Market Size & Forecasts by Material 2025-2035

5.1. Market Overview
5.2. Organic Materials
- 5.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.2.2. Market size analysis, by region, 2025-2035
5.3. Inorganic Materials
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Near Infrared Absorbing Materials Market Size & Forecasts by Function 2025-2035

6.1. Market Overview
6.2. High Transparency
- 6.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.2.2. Market size analysis, by region, 2025-2035
6.3. Absorption
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Heat Resistance
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Near Infrared Absorbing Materials Market Size & Forecasts by Absorption Range 2025-2035

7.1. Market Overview
7.2. 700-1000nm
- 7.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.2.2. Market size analysis, by region, 2025-2035
7.3. Above 1000nm
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035

Chapter 8. Global Near Infrared Absorbing Materials Market Size & Forecasts by End Use Industry 2025-2035

8.1. Market Overview
8.2. Automotive
8.3. Electronics
8.4. Building & Construction
8.5. Defense & Security
8.6. Others

Chapter 9. Global Near Infrared Absorbing Materials Market Size & Forecasts by Region 2025-2035

9.1. Regional Market Snapshot
9.2. Top Leading & Emerging Countries
9.3. North America Near Infrared Absorbing Materials Market
- 9.3.1. U.S.
  - 9.3.1.1. Segment breakdown size & forecasts, 2025-2035
- 9.3.2. Canada
  - 9.3.2.1. Segment breakdown size & forecasts, 2025-2035
9.4. Europe Near Infrared Absorbing Materials Market
- 9.4.1. UK
  - 9.4.1.1. Segment breakdown size & forecasts, 2025-2035
- 9.4.2. Germany
  - 9.4.2.1. Segment breakdown size & forecasts, 2025-2035
- 9.4.3. France
  - 9.4.3.1. Segment breakdown size & forecasts, 2025-2035
- 9.4.4. Spain
  - 9.4.4.1. Segment breakdown size & forecasts, 2025-2035
- 9.4.5. Italy
  - 9.4.5.1. Segment breakdown size & forecasts, 2025-2035
- 9.4.6. Rest of Europe
  - 9.4.6.1. Segment breakdown size & forecasts, 2025-2035
9.5. Asia Pacific Near Infrared Absorbing Materials Market
- 9.5.1. China
  - 9.5.1.1. Segment breakdown size & forecasts, 2025-2035
- 9.5.2. India
  - 9.5.2.1. Segment breakdown size & forecasts, 2025-2035
- 9.5.3. Japan
  - 9.5.3.1. Segment breakdown size & forecasts, 2025-2035
- 9.5.4. Australia
  - 9.5.4.1. Segment breakdown size & forecasts, 2025-2035
- 9.5.5. South Korea
  - 9.5.5.1. Segment breakdown size & forecasts, 2025-2035
- 9.5.6. Rest of Asia Pacific
  - 9.5.6.1. Segment breakdown size & forecasts, 2025-2035
9.6. Latin America Near Infrared Absorbing Materials Market
- 9.6.1. Brazil
  - 9.6.1.1. Segment breakdown size & forecasts, 2025-2035
- 9.6.2. Mexico
  - 9.6.2.1. Segment breakdown size & forecasts, 2025-2035
9.7. Middle East and Africa Near Infrared Absorbing Materials Market
- 9.7.1. UAE
  - 9.7.1.1. Segment breakdown size & forecasts, 2025-2035
- 9.7.2. Saudi Arabia
  - 9.7.2.1. Segment breakdown size & forecasts, 2025-2035
- 9.7.3. South Africa
  - 9.7.3.1. Segment breakdown size & forecasts, 2025-2035
- 9.7.4. Rest of Middle East & Africa
  - 9.7.4.1. Segment breakdown size & forecasts, 2025-2035

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. BASF SE
- 10.2.1. Company Overview
- 10.2.2. Key Executives
- 10.2.3. Company Snapshot
- 10.2.4. Financial Performance (Subject to Data Availability)
- 10.2.5. Product/Services Port
- 10.2.6. Recent Development
- 10.2.7. Market Strategies
- 10.2.8. SWOT Analysis
10.3. 3M Company
10.4. Croda International Plc
10.5. Halliburton Company
10.6. M&D Industries Of Louisiana, Inc.
10.7. Schlumberger Limited
10.8. Aubin Group
10.9. Baker Hughes Company
10.10. Chevron Phillips Chemical Company
10.11. Trican Well Service Ltd.
10.12. Impact Fluid Solutions
10.13. Cabot Corporation
10.14. Mitsubishi Chemical Corporation
10.15. NIRtech
10.16. Kolon Industries, Inc.