Global Near Infrared Absorbing Materials Market Assessment, Opportunities and Forecast, 2030

Global near infrared absorbing materials market size was valued at USD 278.32 million in 2022, which is expected to reach USD 522.8 million in 2030, with a CAGR of 8.2% for the forecast period between 2023 and 2030. Infrared light (700-2500 nm) is imperative in various technological applications like heating and drying thermoplastic polymers, coatings, printings, etc. Near infrared material absorbing material must have a specific molecular configuration where excitation of electrons can only lead to absorption of infrared light. Sophisticated and advanced instruments can particularly evaluate material properties, including prominent parameters like transmittance, spectra, and reflectance.