According to our (Global Info Research) latest study, the global Near Infrared Absorbing Material market size was valued at US$ 340 million in 2025 and is forecast to a readjusted size of US$ 578 million by 2032 with a CAGR of 7.8% during review period.
In 2025, global Near-Infrared Absorbing Material reached approximately 1,015 tons, with an average global market price of around 325.6 USD/kg.
Near Infrared Absorbing Material refers to a class of functional materials that can efficiently absorb electromagnetic waves in the near-infrared spectral region (typically 780–2500 nm) while maintaining selective transmittance or reflectance in other spectral ranges (such as visible light). Composed of organic compounds (e.g., cyanine, phthalocyanine), inorganic substances (e.g., metal oxides, carbon-based materials, quantum dots), or organic-inorganic composites, these materials achieve near-infrared absorption through mechanisms like molecular electron transition, band gap absorption, or surface plasmon resonance, serving as core materials in optical regulation, thermal management, and photoelectric conversion fields.
Demand for Near Infrared Absorbing Material is mainly driven by the rapid development of emerging high-tech industries such as autonomous driving (LiDAR systems), smart windows, photovoltaics, and biomedical imaging, as well as the growing demand for energy-saving thermal insulation materials in construction and automotive sectors. Business opportunities lie in the R&D of high-absorption-efficiency, low-cost and environmentally friendly materials, the expansion of customized solutions for specific application scenarios (e.g., narrow-band/broadband absorption requirements), the advancement of durable and weather-resistant formulations, and the increasing market penetration in emerging regions with developing high-tech and green building industries.
This report is a detailed and comprehensive analysis for global Near Infrared Absorbing Material market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Material Composition and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Near Infrared Absorbing Material market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/kg), 2021-2032
Global Near Infrared Absorbing Material market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/kg), 2021-2032
Global Near Infrared Absorbing Material market size and forecasts, by Material Composition and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/kg), 2021-2032
Global Near Infrared Absorbing Material market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/kg), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Near Infrared Absorbing Material
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Near Infrared Absorbing Material market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Nippon Shokubai, Yamada Chemical, Keeling & Walker, Sumitomo Metal Mining, GYC GROUP, Nanophase Technologies(Solésence), Epolin, BASF, Sun Chemical Colors & Effects, Textilchemie Dr. Petry, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Near Infrared Absorbing Material market is split by Material Composition and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Material Composition, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Material Composition
Organic Type
Inorganic Type
Composite Type
Market segment by Absorption Wavelength Range
Short-Wave NIR Type
Mid-Wave NIR Type
Broadband NIR Type
Market segment by Product Form
Film/Coating Type
Powder Type
Bulk/Sheet Type
Market segment by Application
Optoelectronic & Semiconductor
Biomedical & Pharmaceutical
New Energy
Automotive
Others
Major players covered
Nippon Shokubai
Yamada Chemical
Keeling & Walker
Sumitomo Metal Mining
GYC GROUP
Nanophase Technologies(Solésence)
Epolin
BASF
Sun Chemical Colors & Effects
Textilchemie Dr. Petry
LuminoChem
Changzhou Xiaqing Chemical
Delta Chem
The Three Brothers Chemicals
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Near Infrared Absorbing Material product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Near Infrared Absorbing Material, with price, sales quantity, revenue, and global market share of Near Infrared Absorbing Material from 2021 to 2026.
Chapter 3, the Near Infrared Absorbing Material competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Near Infrared Absorbing Material breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Material Composition and by Application, with sales market share and growth rate by Material Composition, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Near Infrared Absorbing Material market forecast, by regions, by Material Composition, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Near Infrared Absorbing Material.
Chapter 14 and 15, to describe Near Infrared Absorbing Material sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Near Infrared Absorbing Material. Industry analysis & Market Report on Near Infrared Absorbing Material is a syndicated market report, published as Global Near Infrared Absorbing Material Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Near Infrared Absorbing Material market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.