Near Infrared Absorbing Materials Market Growth: Drivers, Challenges, and Opportunities
According to the TechSci Research report, the Near Infrared Absorbing Materials Market stood at USD 296.13 million in 2024 and is projected to grow at a CAGR of 6.89% through 2030. The growth is being driven by the increasing demand for clean energy solutions, especially in the photovoltaic industry, where near-infrared (NIR) materials are vital in optimizing the efficiency of next-generation solar cells.