Photoresist Market Size (2024 - 2029)

The photoresist market is anticipated to experience growth over the forecast period, driven by factors such as the expanding automobile industry and increasing consumer electronics demand. The market's expansion is further supported by advancements in the Internet of Things and artificial intelligence. However, environmental concerns leading to stricter regulations may hinder growth. The Asia-Pacific region holds the largest market share due to rising usage in countries like China, India, and Japan.

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Market Size of Photoresist Industry

Photoresist Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Photoresist Market Major Players

*Disclaimer: Major Players sorted in no particular order

Photoresist Market Analysis

During the time frame of the forecast, the photoresist market is expected to grow at a CAGR of more than 5%.

In 2020 and the first half of 2021, when COVID-19 broke out, the government put a lot of restrictions and bans on the electronics and car industries around the world. This stunted the growth of the study market.

The automobile industry will drive the photoresist market, which uses photoresist materials for in-vehicle applications. The fact that the world's population is expanding and that more people are purchasing smartphones will also accelerate the market's growth rate.

The growth of the photoresist market is also expected to be helped by the faster shipping of silicon wafers, the growing demand for consumer electronics, and the rising popularity of wearable devices.

Environmental worries about bad effects will lead to more rules and regulations being put in place by the government, which will slow the growth of the market.

Over the next few years, the photoresist market is likely to benefit from progress in the Internet of Things (IoT) and artificial intelligence (AI).

The Asia-Pacific region is the biggest market for photoresists. This is because countries like China, India, Japan, South Korea, and others are using them more and more.

Photoresist Industry Segmentation

Photoresists are light-sensitive polymeric resins formulated for use in a photolithographic process, where they serve as masking materials for the transferal of images into an underlying substrate via etching processes. The growing demand for photoresists in semiconductors, which eventually find application in the electronics and automobile industries, is propelling market growth. The photoresist market is segmented by type, application, end-user industry, and geography. By type, the market is segmented into ArF immersion, ArF dry film, KrF, G-line, I-line, and other types. By application, the market is segmented into semiconductors, liquid-crystal displays, printed circuit boards, and other applications. By end-user industry, the market is segmented into electricals and electronics, automobiles, packaging, and other end-user industries. The report also covers the market size and forecasts for the photoresist market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).

Type
ArF Immersion
ArF Dry Film
KrF
G-Line & I-line
Other Types
Application
Semiconductors
Liquid Crystal Displays (LCDs)
Printed Circuit Boards (PCBs)
Other Applications
End-user Industry
Electricals and Electronics
Automobiles
Packaging
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Photoresist Market Size Summary

The photoresist market is poised for significant growth over the forecast period, driven by increasing demand in the semiconductor and consumer electronics sectors. The expansion of the automobile industry, coupled with the rising popularity of smartphones and wearable devices, is expected to further propel market growth. However, environmental concerns may lead to stricter regulations, potentially hindering progress. The Asia-Pacific region, particularly countries like China, India, Japan, and South Korea, is the largest market due to its robust electronics industry. This region's growth is fueled by the proliferation of smart devices and consumer electronics, with China emerging as a formidable player in electronics manufacturing.

The semiconductor segment is crucial to the photoresist market, as these materials are integral in producing various electronic components such as diodes, transistors, and integrated circuits. The demand for electronic devices continues to rise, supporting market expansion. ArF photoresist, known for its application in making smaller semiconductor ICs, remains popular. However, geopolitical tensions, such as trade disputes between Japan and South Korea, could impact the global semiconductor industry and, consequently, the photoresist market. The market is partially consolidated, with major players like TOKYO OHKA KOGYO CO., LTD., JSR Corporation, DuPont, Fujifilm Holdings America Corporation, and Sumitomo Chemical Co., Ltd. actively engaging in strategic initiatives to enhance their market presence and technological capabilities.

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Photoresist Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing demand from Semiconductor Segment

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Environmental Concerns Related to Photoresist

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 ArF Immersion

      2. 2.1.2 ArF Dry Film

      3. 2.1.3 KrF

      4. 2.1.4 G-Line & I-line

      5. 2.1.5 Other Types

    2. 2.2 Application

      1. 2.2.1 Semiconductors

      2. 2.2.2 Liquid Crystal Displays (LCDs)

      3. 2.2.3 Printed Circuit Boards (PCBs)

      4. 2.2.4 Other Applications

    3. 2.3 End-user Industry

      1. 2.3.1 Electricals and Electronics

      2. 2.3.2 Automobiles

      3. 2.3.3 Packaging

      4. 2.3.4 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Photoresist Market Size FAQs

The Photoresist Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

TOKYO OHKA KOGYO CO., LTD., JSR Corporation., FUJIFILM Holdings America Corporation, DuPont and Sumitomo Chemical Advanced Technologies are the major companies operating in the Photoresist Market.

Photoresist Market Report Snapshots

Photoresist Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)