Photoresist and Photoresist Ancillaries Market Analysis | 2023-2028

Market Insights

The Photoresist and Photoresist Ancillaries Market was estimated at US$ 3.29 billion in 2022 and is expected to grow at a healthy CAGR of 4.6% during 2023-2028 to reach US$ 4.32 billion by 2028.

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What are Photoresist and Photoresist Ancillaries?

The Photoresist is a light-sensitive material used in semiconductor and microfabrication processes. It undergoes chemical changes when exposed to light, allowing precise patterning of structures on substrates. A photoresist is used in photolithography, a key step in chip manufacturing.

Photoresist ancillaries are supportive materials used alongside photoresist. They include adhesion promoters, anti-reflective coatings, and developing solutions. Adhesion promoters improve photoresist bonding to substrates, anti-reflective coatings reduce unwanted light reflections, and developing solutions remove unexposed portions of the resist after exposure. Ancillaries enhance the performance and accuracy of photoresist-based processes, enabling finer feature creation in semiconductor and microelectronics industries.

Market Dynamics

Major factors driving the growth of the Photoresist and Photoresist Ancillaries Market are:

• Growing Semiconductor Industry: The increasing demand for smaller, more powerful electronic devices fuels the demand for advanced photoresists and ancillaries. As chip components become smaller, the need for precise patterning and high-resolution lithography drives the market.

• Technological Advancements: Ongoing developments in lithography techniques, such as extreme ultraviolet (EUV) lithography, require specialized photoresist formulations and ancillaries to achieve finer feature sizes. This drives research and innovation in the field.

• Miniaturization Trends: Industries like electronics, telecommunications, and medical devices require miniaturization, propelling the need for sophisticated photoresist and ancillary solutions that enable the creation of intricate microstructures.

• Global Connectivity: The rise of 5G, IoT, and AI technologies increases the demand for semiconductors, directly influencing the photoresist market. These technologies rely on advanced semiconductor manufacturing processes that heavily rely on photoresist materials.

• Environmental Concerns: As environmental regulations become stricter, there's a push for eco-friendly photoresist formulations and ancillaries that minimize hazardous waste and chemical emissions during manufacturing processes.

• Supply Chain Challenges: The semiconductor industry is vulnerable to supply chain disruptions, affecting photoresist availability. Manufacturers need to ensure a stable supply of raw materials and production capacities to meet market demands.

Segments Analysis

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By Application Type

The market is segmented into semiconductors & ICs, LCDs, printed circuit boards, and others. The semiconductors & ICs segment held the largest share of the market and is expected to remain dominant during the forecast period. ICs are used in numerous electronic devices, including mobile devices, smartphones, laptops & PCs, advanced gaming devices, and tablets, bolstering the demand for the segment.

By Photoresist Type

The photoresist and photoresist ancillaries market is segmented into ArF Immersion, ArF Dry, KrF, and G-Line & I-Line. The I-Line segment is expected to remain dominant during the forecast period owing to its extensive usage in various end-use industries, such as automotive, power, semiconductors, sensors, and LCDs.

By Photoresist Ancillaries Type

The market is segmented as anti-reflective coating, remover, developer, and others. The anti-reflective coating segment leads the market on account of its properties, such as high resolution and prevention of light spreading.

Regional Analysis

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for photoresist and photoresist ancillaries during the forecast period, with China, Japan, India, and Australia being the major countries with promising growth opportunities. The region’s growth is owing to the growing semiconductor industry, which is driven by emerging technologies such as the Internet of Things (IoT), smart transportation, Artificial Intelligence (AI), and Big Data. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

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Key Players

Some of the major players in the photoresist and photoresist ancillaries market are-

• ALLRESIST
• DJ MicroLaminates.
• DuPont
• Fujifilm Corporation
• JSR Corporation
• Merck Group
• Micro Resist Technology
• Shin-Etsu Chemical Co., Ltd.
• Sumitomo Chemical Co., Ltd.
• Tokyo Ohka Kogyo Co., Ltd.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players).
• SWOT analysis of key players (up to three players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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