Shifting focus toward automation along with the rising industrialization across developing countries will proliferate the global Photoresist & Photoresist Ancillaries industry
The global Photoresist & Photoresist Ancillaries market size is anticipated to expand over USD 46 billion by 2025. A photoresist material is a light-sensitive material which is used to develop a patterned coating over a surface. It is used in designing circuits, motherboards and safeguards the electronic equipment and device from the ultraviolet (UV) rays. The demand for photoresist is anticipated to surge rapidly owing to their surging application across the electronics and associated industries.
Growing consumption of memory chips, semiconductor integrated devices, LCDs, and printed circuit boards, is diving the industry size. Rising adoption of electronic products, including tablets, smartphones, and game devices, and high-speed servers is anticipated to augment the product demand. Furthermore, ongoing integration of automated technologies and digitalization across numerous industries is expected to drive the industry upsurge.
The report also throws light on various aspects of the global Photoresist & Photoresist Ancillaries industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the Photoresist & Photoresist Ancillaries industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The global Photoresist & Photoresist Ancillaries market holds a strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
Photoresist & Photoresist Ancillaries market, the market is categorized printed circuit boards, semiconductors & ICs, LCDs, and others, on the basis of application. The LCDs segment is analyzed to expand at a CAGR of over 7% over the forecast timeline. The growth of this segment is primarily contributed to an ongoing development across the cellular device and television industry which in turn is poised to catapult the segment growth.
North America is expected to witness a significant share in the coming years. Steady growth across the electronic industry along with ongoing adoption of electronic gadgets is stimulating the industry size. Furthermore, rising innovation activities to integrate IoT and AI across the industries to enhance the output is poised to escalate the product demand over the forecast timeframe.
The leading players operating across the global Photoresist & Photoresist Ancillaries market include Shin-Etsu Chemical Co. Ltd., JSR Corporation, DuPont, Tokyo Ohka Kogyo Co., Ltd., Fujifilm Corporation, and Sumitomo Chemical Co., Ltd., including others. The industry for Photoresist & Photoresist Ancillaries constitutes established global players along with growing rising presence of emerging companies. In addition, the companies are focusing toward expanding their market penetration through adoption of inorganic growth strategies.
Segment overview of Photoresist & Photoresist Ancillaries market
- Photoresist Type Overview, 2018-2025, (USD Billion and Tons)
- ArF Immersion
- ArF Dry
- Ancillaries Type Overview, 2018-2025, (USD Billion and Tons)
- Anti-Reflective Coating
- Application Overview, 2018-2025, (USD Billion and Tons)
- Printed Circuit Boards
- Semiconductors & ICS
- Regional Overview, 2018-2025, (USD Billion and Tons)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
- North America