Global photoresist and photoresist ancillaries market to surpass USD 5,614 million by 2027

June 19, 2020

As per the report titled ‘Photoresist and Photoresist Ancillaries Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Photoresist Type ; Photoresist Ancillaries Type; Application, available with Market Study Report LLC, global photoresist and photoresist ancillaries market is expected to reach USD 5,614.4 million at the end of forecast period, with a CAGR of 5.8% over 2019-2027.

For those uninitiated, photoresists are the photo-sensitive polymeric resins that are utilized in manufacturing flat-panel liquid crystal displays, printed circuit boards, magnetic recording heads, printing plates, and micro electromechanical systems (MEMS).  Photoresist components fill in as veiling materials for image transfer into an underlying stratum by means of etching.

For the record, photoresist ancillaries are materials, for example, photoresist strippers, edge bead removers, anti-reflective coatings, and developers that functionally complement the use of photoresist.

The photoresists and photoresist ancillaries find applications in wiring arrangement in multi-layered semiconductors for constructing laptops, servers, music players, computers, phones, and household appliances. Additionally, these can be utilized in production of computer systems, advanced telephones, televisions, and home entertainment systems, and electronic control and monitoring devices which can be used in industrial as well as scientific applications. The electronic industry is under-going steady growth in developed and developing countries which is projected to influence the growth of the market in the approaching yaers.

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Based on application, the ArF immersion photoresist segment held the biggest fragment of the global photoresist and photoresist ancillaries market in 2018. However, the G-line and I-line photoresist segment is slated to register notable CAGR during the forecast period, claims the recent research report. ArF immersion exhibit critical dimension (CD) uniformity allowing better structural shape to the product. The product serves the demand of urban middle-class clients who can afford paying premium prices for photoresist and photoresist ancillaries.

Based on the regional landscape, Asia-Pacific accounted for the largest share of global photoresist and photoresist ancillaries market in the last few years. Abundance of opportunities for growth of photoresist and photoresist ancillaries market are anticipated to bolster the market growth in Asia-Pacific region. Parallelly, Asia-Pacific region is also renowned for its chemical products. China dominates the market in Asia-Pacific region but is followed closely by Japan, Taiwan, Vietnam, Korea, Thailand, Malaysia, and Indonesia. Meanwhile, Europe is the second biggest regional segment  behind Asia-Pacific in global photoresist and photoresist ancillaries market.

Major companies in global photoresist and photoresist ancillaries market are Micro Resist Technology GmbH, MERCK KGaA, TOKYO OHKA KOGYO CO., LTD., Shin-Etsu Chemical Co., Ltd, Inc., DuPont de Nemours, Inc., Sumitomo Chemical Co., Ltd., ALLRESIST GmbH, Fujifilm Corporation, DJ Microlaminates, and JSR Corporation.

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