The global for photoresists market exhibited significant strength in 2021 and is anticipated to experience a rapid compound annual growth rate (CAGR) in revenue over the forecast period. Factors such as the burgeoning consumer electronics and electrical sector, escalating demand for miniature semiconductor devices, printed circuit boards, memory chips, and the increased production of passenger cars, light commercial vehicles, and electric vehicles worldwide are poised to propel the revenue growth of the global market.
A photoresist, comprising a polymer, sensitizer, and solvent (developer), is a light-sensitive material utilized in various processes like photoengraving and photolithography to create a patterned coating on a surface. The polymer undergoes structural changes upon exposure to radiation, the solution enables it to spin and generate thin layers on the surface, while the sensitizer regulates the photochemical reaction in the polymer phase.
Photoresists can be categorized as positive or negative, based on their interaction with light. Positive photoresists become soluble when exposed to ultraviolet light, whereas negative ones become insoluble and cross-linked under UV exposure.
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Market Overview:
Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.
While the wider patterns discussed in the previous section apply to the entire sector, the complexities of the distinctions among the various players indicate the need to analyze trends by segment of the industry. As part of its multiverse series, Deloitte classified chemical sector stakeholders into three groups: natural owners, distinctive commodities, and solution providers. Each of these groups usually has its own strategic imperatives. It is common for vertically integrated natural owners to prioritize continuous improvement over innovation when operating their businesses. By focusing on supply chain efficiency, market innovation, and cost optimization, differentiated commodities flourish in a highly fragmented and complex industry. This is exactly what solution providers do: they focus on maximizing the value of their unique products as well as their application expertise and services.
Moreover, the report provides insight into how the Photoresist market will develop between 2023 and 2030. Companies operating in the Photoresist market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Photoresist market is expected to undergo significant changes that will highly configure its growth.
Furthermore, the report highlights the growth prospects of the Photoresist market and estimates market progress in terms of value (USD million) and volume (thousand units).
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Major Companies:
- Tokyo Ohka Kogyo Co., Ltd
- Dow Chemical Company
- Honshu Chemical Industry
- TOK America
- JSR Corporation
- DuPont de Nemours
- Shin-Etsu Chemical Co., Ltd
- Fujifilm Corporation
- Sumitomo Chemical Co., Ltd.
- ALLRESIST
- Merck Group
- Micro Resist Technology
- DJ MicroLaminates
Further Market Segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Positive Photoresist
- Negative Photoresist
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- ArF Immersion Photoresist
- Dry Photoresist
- G-Line Photoresist
- I-Line Photoresist
- KrF Photoresist
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- LCD
- OELD
- Semiconductors & Integrated Circuit
- Microcontact Printing
- Microelectronics
- Printed Circuit Boards
- Others
End Use Outlook (Revenue, USD Billion; 2019-2030)
- Electricals and Electronics
- Computers
- Laptops
- Smartphones
- AR/VR/Wearables
- Others
- Automobiles
- Passenger Cars
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
- Packaging
- Others
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Research Methodology: Photoresist Market
The research methodology adopted by analysts to compile the Photoresist market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Photoresist market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Photoresist market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Photoresist market.
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