Posted 3/25/2024, 2:30:00 PM
NIR Absorbing Materials Market to See 8.4% Growth Through 2034, Driven by Spectroscopy Use Across Industries
- Global near infrared (NIR) absorbing material market projected to expand at a CAGR of 8.4% through 2034, reaching a valuation of $764 million
- Growth driven by increasing use of NIR spectroscopy and absorbing materials across industries like food, pharmaceuticals, agriculture, etc.
- Organic materials segment expected to expand at 8.2% CAGR by 2034
- USA estimated to register 8.7% CAGR by 2034, Japan at 9.9% CAGR
- High transparency segment to expand at 8% CAGR by 2034