The Photoresist & Photoresist Ancillaries market is expected to grow at a CAGR of 4.8% to reach US$ 5,495.02 million in 2028.
Photoresist is a light-sensitive material which changes its physical structure when exposed to radiation. Photoresist ancillary is related to the materials which are utilized for lithography. The photoresist grades comprise of ArF dry, ArF immersion, G-Line & I-Line, and KrF. The photoresist material is used to design circuits, which is a pattern method for fabrication of semiconductor.
The photoresist products are primarily solvent-based solutions that comprise of polymer resins, electronic-grade solvents, stabilizers, cross-linking agents, photosensitive chemicals, and surfactants. These products find application in printed circuit boards, integrated circuits and semiconductors along with sensors, microelectromechanical systems (MEMS), and nanoelectromechanical systems.
The Photoresist & Photoresist Ancillaries Market is anticipated to witness growth rate of 7% over the forecast timeframe. Ongoing growth across the semiconductor industry along with rapid advancement in display technology is driving the industry size. It is utilized for high density packaging along with wiring configuration for semiconductor manufacturing in computers, laptops, phones and servers. It is further utilized in other electronic products including music players, and household appliances.
Photoresist & Photoresist Ancillaries Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||US$ 5,495.02 million|
|Growth Rate||CAGR of 4.8 % during 2021-2028|
|Segment Covered||by Type, by Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Tokyo Ohka Kogyo Co. Ltd, JSR Corporation, DuPont, Shin-Etsu Chemical Co. Ltd, Fujifilm Corporation, Sumitomo Chemical Co. Ltd., ALLRESIST, Merck Group, Micro Resist Technology, DJ MicroLaminates, Eternal Materials, Chang Chun Group|
Key Segment Of The Photoresist & Photoresist Ancillaries Market
By Product Type, 2021-2028 (USD Million)
By Application, 2021-2028 (USD Million)
• Printed Circuit Board
Regional Overview, 2021-2028 (USD Million)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
Improving economic outlook across developing countries along with rising disposable income have led escalation in demand for the electronic gadgets, which in turn is boosting the product demand. Rising penetration of automation and digitization across the numerous industries leading to process optimization and enhanced productivity is further fueling the industry size. In addition, ongoing advancement across Internet of Things (IoT) along with the growing integration of Artificial intelligence is proliferating the business landscape. Although, the high cost associated with the photoresist material along with ongoing penetration of alternate technologies is anticipated to hamper the industry upsurge. However, ongoing innovation activities to improve the capabilities of the product, coupled with shifting focus toward 5G technology is anticipated to escalate the industry growth.
Photoresist Type Segment
On the basis of the photoresist type segment, the market is categorized into ArF immersion, KrF, ArF dry, and G-line and I-line. The I-Line immersion segment is analyzed to hold a significant share across the regions.
Ancillaries Type Segment
Based on ancillaries type, the segment is divided into remover, anti-reflective coating, developer, and others. The anti-reflective coating segment is analyzed to hold a significant share across the regions over the forecast timeline.
Photoresist & Photoresist Ancillaries market is segmented into printed circuit boards, semiconductors & ICs, LCDs, and others, on the basis of application. In this segment, semiconductor & ICs segment is anticipated to hold a major share in the coming years.
Asia Pacific is accounted for the major regional share and is expected to follow a similar trend in the coming years. Rising proliferation across various industries including automotive, and electronics is driving the regional size. Furthermore, positive economic outlook along with rising disposable income leading to escalated adoption of electronic gadgets is stimulating the industry growth. Moreover, rising investment across the region to establish manufacturing facilities along with rising integration of robotics and automated technology is fueling the business landscape.
The leading players operating across the global Photoresist & Photoresist Ancillaries market include JSR Corporation, Shin-Etsu Chemical Co. Ltd., Tokyo Ohka Kogyo Co., Ltd., Fujifilm Corporation, Sumitomo Chemical Co., Ltd., DuPont, and DJ MicroLaminates including others. The market for Photoresist & Photoresist Ancillaries is consolidated with established global players and is further witnessing the emergence of new companies. Moreover, the industry players are targeting toward enhancing their market share through implementation of merger & acquisition, collaborations growth strategies.