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Some of the major market players operating in the near infrared absorbing materials market are :
These players focus on strategic partnerships, new product launch & commercialization for market expansion.
Heat resistance segment is anticipated to record around 6.8% CAGR from 2023 to 2032. NIR absorbing materials are used for thermal management help dissipate excess heat in electronic devices, preventing overheating and improving device performance.
Near infrared absorbing materials industry value was around USD 298 million in 2022 and is estimated to reach USD 621.9 million by the end of 2032.
BASF SE, Luna Innovations, Nanophase Technologies Corporation, Nanophotonica, SpectraFluidics, Suzhou NanoGrid Technology, Kolzer Srl, Skyray Instrument, PerkinElmer, Hamamatsu Photonics, Bruker Corporation, Ocean Optics, Horiba Scientific, Shimadzu Corporation, BaySpec, Inc.among others.
U.S. near infrared absorbing materials market size was USD 71.8 million in 2022 and will expand at a significant pace from 2023 to 2032, backed by the well-established healthcare sector with a focus on advanced diagnostics.