As per the latest report by IMARC Group, titled “Photoresist and Photoresist Ancillaries Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on photoresist and photoresist ancillaries market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global photoresist and photoresist ancillaries market size reached US$ 3.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.
A photoresist refers to a light-sensitive material that undergoes a chemical change when exposed to light during the process of photolithography, which is a technique for creating patterns on a substrate, typically a silicon wafer. Depending on the chemistry of the resist, it can either be positive or negative. Photoresist ancillaries include adhesion promoters, edge bead removers, primers, and antireflective coatings used in conjunction with photoresists to improve their performance or facilitate photolithography. Upon exposure to light, photoresist materials undergo a chemical change and can be dissolved in a developer solution to reveal the patterned substrate.
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Market Trends:
The widespread adoption of photoresists in flat-panel displays and consumer electronics, on account of the continuous technological advancements in the manufacturing of electrical devices, is among the key factors driving the photoresist and photoresist ancillaries market. Moreover, the emerging trend of miniaturization of mechanical devices leading to an increased demand for photoresists and ancillaries for the manufacturing of smaller and more efficient semiconductors and integrated Circuits (ICs) is acting as another significant growth-inducing factor. Besides this, the rising usage of the Internet of Things (IoT), resulting in IoT devices requiring advanced semiconductors and integrated circuits (ICs), is also stimulating the market growth. Furthermore, the escalating demand for renewable energy technologies, such as solar panels, is leading to the growing utilization of photoresist and photoresist ancillaries in the production of solar cells, which is positively influencing the global market. Apart from this, numerous strategies, including mergers and acquisitions (MAs), partnerships, and collaborations, conducted by key players to enhance their geographical presence are further propelling the market growth. Additionally, inflating disposable income levels of the masses and extensive research and development (RD) activities by leading players are anticipated to fuel the photoresist and photoresist ancillaries market over the forecasted period.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Tokyo Ohka Kogyo Co., Ltd.
- JSR Corporation
- DowDuPont
- Shin-Etsu Chemical Co. Ltd.
- Fujifilm Electronics Materials Co., Ltd.
- Sumitomo Chemical Co., Ltd.
- Merck Az Electronics Materials
- Allresist GmbH
- Avantor Performance Materials, LLC
- Microchemicals GmbH
Photoresist and Photoresist Ancillaries Market Segmentation:
Our report has categorized the market based on region, type and application.
Breakup by Type:
- KrF
- ArF dry
- ArF immersion
- g- and i-line
Breakup by Application:
- Semiconductors
- Integrated Compound Semiconductors (ICS)
- Liquid Crystal Display (LCD)
- Printed circuit boards
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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