As per the latest report by IMARC Group, titled “Photoresist and Photoresist Ancillaries Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on photoresist and photoresist ancillaries market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global photoresist and photoresist ancillaries market size reached US$ 3.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.

Photoresist and photoresist ancillaries are integral components in the photolithography process, a pivotal technology in the manufacture of semiconductors and electronic devices. The photoresist is a light-sensitive material that forms a patterned coating on a substrate, undergoing changes in its chemical structure when exposed to ultraviolet light, which enables selective etching for circuit design imprinting. There are two primary types of photoresists: positive, which becomes soluble when exposed to light, and negative, which becomes insoluble. Photoresist ancillaries, including developers, removers, and strippers, complement the photoresist by facilitating the application, development, and subsequent removal of the photoresist material. The use of these materials is crucial in defining accurate and minuscule electronic circuits, with advantages such as high precision, consistency, and compatibility with complex patterns. The sophistication of these chemicals directly influences the efficiency, performance, and scaling of semiconductor devices.

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Market Trends:

The global market for photoresist and photoresist ancillaries is majorly driven by the escalating demand for high-performance semiconductor devices and the growing electronics industry. Along with this, the continuous inclination towards miniaturization of electronic components necessitates the use of advanced photoresist materials that can achieve finer patterns, propelling research and development efforts. In addition, the rise of innovative technologies such as 5G, the Internet of Things (IoT), and artificial intelligence (AI) requires complex integrated circuits, further stimulating the market.

Moreover, the expanding production of flat-panel displays, including LCDs and OLEDs, is a significant growth factor due to the requirement for precise patterning in display technologies. Apart from this, environmental considerations are also prompting the development of eco-friendlier photoresist materials with reduced environmental impact. In confluence with this, the advent of extreme ultraviolet (EUV) lithography is enabling the creation of circuits with nanometer-scale features. Furthermore, the substantial investments in semiconductor fabrication plants and a focus on enhancing the efficiency and capabilities of photoresist materials are creating a positive market outlook.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Tokyo Ohka Kogyo Co., Ltd.
• JSR Corporation
• DowDuPont
• Shin-Etsu Chemical Co. Ltd.
• Fujifilm Electronics Materials Co., Ltd.
• Sumitomo Chemical Co., Ltd.
• Merck Az Electronics Materials
• Allresist GmbH
• Avantor Performance Materials, LLC
• Microchemicals GmbH

Photoresist and Photoresist Ancillaries Market Segmentation:

Our report has categorized the market based on region, type and application.

Breakup by Type:

• KrF
• ArF dry
• ArF immersion
• g- and i-line

Breakup by Application:

• Semiconductors
• Integrated Compound Semiconductors (ICS)
• Liquid Crystal Display (LCD)
• Printed circuit boards
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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