The Near Infrared Absorbing Materials Market is projected to reach USD 453 million by 2028, at a CAGR of 7.9% from USD 308 million in 2023. The market growth is driven by factors such as the use of different types of materials like organic materials and Inorganic materials the increasing demand for the use in electronic and telecommunication applications.
The key players in this market are Sumitomo Metal Mining Co., Ltd. (Japan), Nanophase Technologies Corporation (US), Heraeus Holding (Germany), Keeling & Walker (UK), Edmund Optics (US), Merck (US), 3M (US), (Japan), Resonac Holdings Corporation (Japan), Advanced nano products co ltd (South Korea), Nippon Shokubai Co., Ltd.(Japan). These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.
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Sumitomo Metal Mining Co., Ltd
Sumitomo Metal Mining Co., Ltd. is a Japanese company engaged in the mining, smelting, and refining of various metals. Sumitomo Metal Mining was founded in 1950 as a result of the merger between Sumitomo Besshi Mining Co., Ltd. and Sumitomo Mining Co., Ltd. The company has a rich history that dates back to the 17th century when its predecessors started mining operations.
The company operates through several business segments:
Mineral Resources: Sumitomo Metal Mining is involved in exploration, mining, and development of mineral resources such as copper, nickel, gold, and other precious metals.
Smelting and Refining: The company processes and refines various metals, including copper, zinc, lead, and precious metals like gold and silver.
Materials: Sumitomo Metal Mining produces and supplies materials such as specialty steel products, semiconductor materials, and battery materials.
Sumitomo Metal Mining has a global presence with operations and subsidiaries in various countries. It has mining projects and exploration activities in countries like Japan, Indonesia, Chile, and Peru. The company also has sales offices and subsidiaries in countries around the world.
The company places a strong emphasis on research and development (R&D) to drive innovation and technological advancements. It invests in R&D activities to enhance mining efficiency, develop new materials, and explore sustainable solutions.
Diversification and Business Expansion: Sumitomo Metal Mining has diversified its business beyond mining and smelting. It has expanded into areas such as energy, electronics, and advanced materials, leveraging its expertise to contribute to various industries.The company actively engages in corporate social responsibility (CSR) activities, focusing on areas such as community development, education, and employee well-being. It strives to be a responsible corporate citizen and contribute positively to society.
Sumitomo Metal Mining Co., Ltd. has established itself as a prominent player in the mining and metals industry, with a strong focus on sustainable practices, technological advancements, and global operations.
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Keeling & Walker
Keeling & Walker Limited is a British company that specializes in the production and distribution of high-quality inorganic pigments and chemical intermediates. Keeling & Walker was founded in 1920 and has a long-standing history in the chemical industry.
Keeling & Walker offers a wide range of inorganic pigments, including iron oxides, chrome oxides, ultramarines, cobalt pigments, and mixed metal oxides. These pigments are used in industries such as coatings, plastics, construction, ceramics, and cosmetics.
The company is known for its commitment to producing high-quality pigments. They have established a reputation for consistency, reliability, and technical expertise in their products. Keeling & Walker ensures that its pigments meet strict quality standards and customer specifications.
In 1998, Keeling & Walker Limited made an acquisition of the tin oxide manufacturing business formerly owned by Th. Goldschmidt AG. This strategic move enabled Keeling & Walker to significantly expand its product portfolio by incorporating the renowned ‘Thermox’ range of tin oxide materials. As a result, the company’s offerings became more diverse, solidifying its position as the global leader in the supply of tin oxide based materials.
Keeling & Walker has a global reach and serves customers in various regions around the world. The company has a strong network of distributors and agents, allowing them to supply pigments to customers across different industries and geographic locations.
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