Infrared Absorbing Nanocoating Market to Reach CAGR 8,5% by 2031 Top 10 Company Globally

Infrared absorbing nanocoatings are thin, engineered surface treatments that selectively absorb infrared radiation while often preserving visible transparency or imparting other functional properties. They are formulated from nanostructured materials (metal oxides, carbon nanotubes, graphene derivatives, NIR dyes and metasurfaces) and are applied to glass, polymer films, textiles, optical components and specific equipment parts to control thermal load, improve stealth/thermal management, or enable sensing and imaging functions. Commercial applications span thermal management in buildings and vehicles, IR optics and sensors, defense (thermal masking/stealth), electronics (IR filters and protection), and specialty textiles. The technology sits at the intersection of materials science, coatings manufacturing and optics, where nanoscale control of composition and layer structure is essential to tune absorption bands, stability and durability.
The global IR-absorbing nanocoating market in 2024 is USD 472 million with growing CAGR of 8,5% to 2031 reaching market size USD 835 million by 2031. Using an average selling price of USD 200 per kilogram, the global unit sold is approximately 2,361,850 kg in 2024. The factory gross margin of about 25%, resulting in a factory gross profit of approximately USD 50 per kg and a cost of goods sold of about USD 150 per kg under those margin assumptions. A COGS breakdown is raw materials, labor, energy, solvents/chemical consumables, packaging & logistics, maintenance/QA & other overhead. A single line full machine capacity production is around 10,000 kgs per line per year. Downstream demand is concentrated in Building followed by electronics, automotive and aerospace/defense.

Latest Trends and Technological Developments
The industry is being driven by multiple converging trends: miniaturized IR filters and tunable NIR elements for portable spectroscopy and sensors; metasurface and nanostructure approaches that enable dynamically tunable IR absorption/reflectance; scale-up of silicon-compatible nanofabrication approaches that promise low-cost volume manufacture of IR filters; and increasing regulatory and market demand for PFAS-free, environmentally friendlier chemistries. Representative recent announcements and research (selected, with dates): a June 2025 report on a heat-tunable nano-based filter for infrared light that promises handheld, low-cost IR filters suitable for scaled manufacture; this could compress costs for IR sensing and expand downstream device integration. A July 2025 article described adaptive nano-cloud metasurface coatings that dynamically control thermal properties and could be adapted for daytime radiative cooling or selective IR masking. Academic reviews published in 2025 highlight sustainable, NIR-active formulations and growing biomedical/diagnostic use-cases for NIR-absorbing functional coatings. Separately, reporting of regionally developed commercial coatings that block high percentages of IR (e.g., press reports from mid-July 2025 on new nano coatings claiming 7590% IR blocking while retaining visible transparency) underscores growing practical deployments in energy-saving retrofit and glazing markets. These developments point to both technology maturation and widening commercial end-markets through 2025.
Asia is a major growth engine for IR-absorbing nanocoatings for several reasons: rapid construction and retrofit activity targeting energy efficiency, large automotive production and electrification programs (which increase interest in thermal management and smart glazing), a fast-expanding optics, sensors and semiconductor OEM base across East and Southeast Asia, and national defense modernization in several markets that sustain higher-margin defense/stealth applications. Asia-Pacific demand for IR/optical coatings is rising in step with broader nanocoatings and optical coatings market expansion across the region. Several market reports published in 2024 to 2025 highlight Asia-Pacific as one of the fastest-growing regions for IR and IR-related coatings driven by applications in buildings, vehicles and electronics manufacturing. Local supply chains are diversifying: established optical suppliers (component and coatings houses) are expanding IR portfolios while regional specialty formulators and surface-engineering start-ups are growing pilot capacity to serve domestic OEMs.
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Infrared Absorbing Nanocoating by Type:
Carbon Nanotubes Based Coatings

Graphene Based Nanocoatings

Metal Oxide Nanocoatings

Polymer Based Nanocoatings

Others

Infrared Absorbing Nanocoating by Size:
Thin Film (>500 nm)

Med Thickness Coating (500 nm5 μm)

Thick Layer (> 5 μm)

Infrared Absorbing Nanocoating by Features:
High Transparency Coatings

Conductive/ Thermally Functional Coatings

Tunable Coatings

Environmentally Friendly

Others

Infrared Absorbing Nanocoating by Application:
Military and Defense

Automotive

Electronics and Semiconductors

Energy and Power

Others

Global Top 10 Key Companies in the Infrared Absorbing Nanocoating Market
Nanotech Coatings Inc

Surmet Corporations

Nei Corporation

Tripleo Coatings

Advenira Enterprises Inc

Nanophase Technologies Corporation

Heraeus

Merck Group

Edmund Optics

Nippon Shokubai

Regional Insights
Within Southeast Asia (ASEAN), Indonesia stands out as the dominant paints & coatings hub by volume and serves as an anchor market for specialized coatings uptake, including nanocoatings adapted to construction and industrial applications. Market intelligence for ASEAN paints/coatings indicates Indonesia commanded a very large share of ASEAN coatings demand in recent years and maintains strong infrastructure and construction investment pipelines that create recurring demand for high-performance coatings; industry events and conferences across ASEAN in 2025 show rising interest from regional formulators and OEMs in IR-functional coatings. Indonesias broader nano-coatings market is forecast to grow strongly through the late 2020s driven by electronics assembly, automotive parts and building projects, which makes it an especially attractive growth market for suppliers of IR-absorbing formulations seeking scale in Southeast Asia. For investors and suppliers, ASEAN presents a two-track opportunity: retrofit and architectural glazing demand in urban centers, and OEM integration for automotive and electronics in manufacturing clusters.
Key structural challenges include raw material cost volatility for specialty nanomaterials and carbon-based absorbers, formulation scale-up complexity (maintaining nanoscale uniformity at high throughput), environmental and regulatory pressures on solvent and fluorochemical chemistries, long qualification cycles with OEMs (especially in automotive and defense), and competition from alternative thermal-management approaches (multilayer reflective coatings, low-E glass, and passive cooling films). Achieving consistent durability and adhesion on different substrates (glass, polymers, textiles) at commercial speed is a recurring technical hurdle. Additionally, supply concentration for some specialty precursors and limited regional production of advanced deposition equipment can create capex and lead-time constraints for new entrants.
Manufacturers should prioritize formulations that combine PFAS-free chemistries, UV and abrasion resistance, and compatibility with roll-to-roll or spray/immersion production methods to accelerate OEM qualification. Vertical integration or strategic partnerships with optical component houses (to supply pre-coated substrates) shortens time-to-market for automotive glazing and sensor modules. For investors, near-term value is often in firms that can demonstrate scalable line-level throughput and validated OEM qualifications (automotive glazing, electronics filters, defense contracts). Regional playbooks in Asia/ASEAN should pair local manufacturing capacity (to lower logistics and import duties) with strategic R&D hubs to adapt formulations for tropical climates (UV/Biological exposure) and to address local regulatory regimes.

Product Models
Infrared-absorbing nanocoatings are engineered to attenuate, trap, or convert incoming Infrared radiation by leveraging nanoscale effects such as plasmonic absorption, phonon resonances, or selective bandgaps. Their appeal lies in high absorbing efficiency, low thickness, and tunability.
Carbon nanotube coatings (often in a vertically aligned or randomized forest form, or in dispersed composites) are prized for their extremely low reflectance and broadband absorption extending from visible through mid- and far IR. Notable products include:
Vantablack (CVD nanotube forest) Surrey NanoSystems: a vertically aligned carbon nanotube array coating exhibiting ultra-low reflectance across visible to infrared wavelengths.
Vantablack VBx Surrey NanoSystems: a non-nanotube paint variant derived from carbon nanotube technology, easier to apply.
adVANTA NanoLab: a vertically aligned nanotube array (VANTA) coating marketed as adVANTA, used for optical components (UV to IR).
Singularity Black Optical Paint NanoLab: a CNT-based black paint/coating offering high absorption across broad spectrum.
CNT-enhanced Black Coating (CoatingsTech reference) unspecified manufacturer in literature: a random CNT structure tailored for broadband IR absorption
Graphene and graphene derivatives offer excellent electrical/thermal conductivity and tunable absorption/reflectance, making them candidates for adaptive IR coatings and thermal camouflage. Examples include:
Graphenemex Graphene Oxide Coatings Graphenemex: coatings based on graphene oxide for corrosion resistance, UV/IR protection, and improved barrier properties

Graphene oxide (GO) product Nippon Shokubai: Nippon Shokubai lists commercial Graphene Oxide (GO) materials intended for incorporation into coatings, inks and composites.

NEI / HydroGraph Graphene Dispersions NEI Corporation: NEI announced a line of high-performance graphene dispersions intended for integration into coatings, slurries and composites.

Graphene Shield Nanotech Surface Solutions (Nanotech Coatings Inc.): a professional spray-on graphene coating for exterior surfaces marketed to improve hydrophobicity and heat dissipation.

ClearCorrUV® SDN® Nanocomposite Coating Advenira Enterprises, Inc.: nanocomposite coatings for direct-to-metal anticorrosion and barrier applications.
Metal oxide nanocoating can absorb or block IR via plasmonic resonances, polaron absorption, or bandgap engineering. Notable products include:
CWO near-infrared absorbing nanoparticles Sumitomo Metal Mining: cesium-doped tungsten oxide (CWO) used as additive or coating for IR absorption.
Irasorb CTOM10 Keeling Walker: a NIR-absorbing oxide particle formulation with cutoff ~ 900 nm, for polymer films or coatings.
StanoStat CPM10F Keeling Walker: NIR absorbing oxide with good thermal and chemical stability for composite coatings.
CS-IRCUT 950 Coating Suisse: IR/UV barrier coating (on PET or glass) offering high performance in blocking IR and UV radiation.
Acktar Magic Black Acktar Ltd.: optical black coating (metal oxide / black coating formulation) with strong IR absorptance and low reflectance
Polymer nanocoatings embed IR-absorbing nanofillers (CNTs, graphene, metal oxide nanoparticles, plasmonic nanostructures) into polymer binders, enabling flexible, processable IR absorbing films or coatings. Examples include:
Polyaniline + graphene + CNT thermoelectric coating Jaime Grunlans organic composite coating (polyaniline, graphene, double-walled nanotubes) having electrical/thermal properties and some IR conversion potential.
Nanocoatings Incs nanoparticle-infused polymer coatings Nanovere / Nanocoatings Inc: polymer coatings with added nanoparticles to improve absorption and thermal performance.
Invisicon CNT transparent conductive polymer coating Eikos (CNT films / coatings): while optimized for conductivity, such coatings can also absorb IR via CNT network.
CNT-doped paint (NanoLabs CNT paint products) NanoLab: CNT-based inks / suspensions / paints for coatings (some of which may absorb IR)
NanoTech Plastic Coating - NanoTech Coatings Inc: an industrial nano-polymer coating formulated to bond to plastics and provide water- and chemical-resistant protection using nanoscale additives

The IR-absorbing nanocoating sector is a midsized but strategically important vertical in the broader nanocoating and optical coatings markets. With a 2024 base of USD 472 million and projected mid- to high-single digit CAGR, the market growth is supported by diversified end-use demand especially automotive thermal management, architectural glazing retrofits, electronics and defense. Advances in nanofabrication, tunable metasurfaces and lower-cost IR filters are lowering technology barriers and broadening commercial opportunity. Asia and ASEAN led by markets such as Indonesiavrepresent both significant demand centers and strategic manufacturing opportunities, but realizing value requires solving scale-up, durability and regulatory challenges.

Investor Analysis
What to watch: investors should focus on validated revenue traction (signed OEM supply or defense qualifications), demonstrated scalable production (line throughput, yields at target price), IP on stable PFAS-free formulations or proprietary nanoscale architectures (metasurfaces, CNT/graphene processes), and regional market access (local production in Asia/ASEAN). How to act: prioritize deals that combine technical differentiation with manufacturing-readiness either minority investments in scale-ready specialists or growth capital to expand a qualified line; structure milestones around line commissioning, OEM qualification and first multi-year supply agreements. Why it matters: the markets combination of steady CAGR, high structural end-market demand (energy efficiency, EVs, sensors) and the premium pricing of functional IR coatings (industry example price USD 200/kg and factory gross margin ~25%) creates an attractive margin profile for manufacturers who can scale reliably. Early investments in companies that secure OEM certifications in automotive or retrofit glazing can capture recurring, high-visibility revenue streams and command valuation premiums when the technology moves from pilot to volume.
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5 Reasons to Buy This Report
It synthesizes current market sizing and growth trajectory with production- and cost-level economics relevant to investors and operators.
It provides regionally focused insight for Asia and ASEAN, linking demand pipelines to construction, automotive and electronics manufacturing.
It consolidates recent technical and commercial developments (tunable nano-filters, metasurfaces, sustainable NIR chemistries) with dated citations.
It presents practical factory-level economics and a representative production-line capacity benchmark to support capex and valuation modeling.
It identifies strategic pitfalls and near-term milestones for de-risking manufacturing and commercialization for investors and suppliers.
5 Key Questions Answered
What was the global market size for IR-absorbing nanocoatings in 2024 and how many kilograms does that represent?
What are typical factory economics?
Which downstream sectors drive the majority of demand and what are their approximate shares?
What are the latest technology trends and notable news items (with dates) that could change adoption dynamics?
What should investors prioritize when evaluating companies in the IR-absorbing nanocoating space (technical milestones, production readiness, regional strategies)?
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of the product manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Sales, revenue of the product in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.

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