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

Global Photoresist Chemicals Market is segmented by Type (ArF Immersion, ArF Dry Film, KrF, G-Line & I-line, Others Types), Application (Semiconductors, Liquid-crystal Displays (LCDs), Printed Circuit Boards (PCBs), and Other Applications), End-user Industry (Electricals and Electronics, Automobiles, Packaging, Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America and Middle-East and Africa). The report offers market size and forecasts for Photoresist in value (USD million) for all the above segments.

Photoresist Market Size

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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

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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 Market Trends

This section covers the major market trends shaping the Photoresist Market according to our research experts:

Semiconductor Segment to Dominate the Market

  • The semiconductor segment is likely to be the most important because it is used to make many different kinds of electronic devices, such as diodes, transistors, and integrated circuits.
  • Semiconductors are devices made from materials that conduct under specific conditions, and ICs are the smaller version of circuit boards consisting of thousands of small electronic components such as resistors, capacitors, and transistors. ICs are used in many electronic devices, and the fact that the demand for electronic devices keeps going up should be good for the growth of the market as a whole.
  • Photoresists are becoming more popular because they are used to make printing plates, printed circuit boards, flat panel liquid crystal displays, magnetic recording heads, microelectromechanical systems (MEMS), and, most importantly, integrated circuit (IC) devices like microprocessors and computer memory chips.
  • ArF, which comes in two forms (ArF Dry and ArF Immersion), is one of the most popular types of photoresist on the market. This is because ArF photoresist is used to make semiconductor ICs smaller.
  • But a trade dispute between Japan and South Korea could have serious effects on the global semiconductor industry, which in turn affects the demand for photoresist around the world.
  • However, semiconductor sales worldwide will reach USD 580.13 billion in 2022. Semiconductors are crucial components of electronic devices, and the industry is highly competitive. The year-on-year growth rate in 2022 reached 4.4%.
  • As per the World Semiconductor Trade Statistics (WSTS) organization, in 2022, all geographical regions are expected to show double-digit growth except Asia Pacific. The largest region, Asia Pacific, is expected to decline by 2.0%. The Americas region is expected to show growth of 17.0%, Europe 12.6%, and Japan 10.0%.
  • All of these things are likely to increase the market's demand over the next few years.
Photoresist Market: Semiconductor Market Size, in USD Billion, Global, 2018-2022

Asia-Pacific Region to Dominate the Market

  • The Asia Pacific region stands to be the largest and fastest-growing market for the electronics industry. The region's market will grow because of things like the rise of smart devices and the rise of consumer electronics.
  • Asia-Pacific countries like South Korea, China, Taiwan, India, and Japan have a big share of the photoresist chemicals market in the region. This is because the electronics industry is growing, which is driving up demand and helping the region's market grow.
  • China has the world's largest electronics production base and offers tough competition to the existing upstream producers, such as South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, and tablets, have the highest growth rates in the consumer electronics segment of the market in terms of demand. With more money in the pockets of middle-class people, demand for electronics is expected to rise steadily in the future. This is what drove the market study.
  • China's electronics manufacturing industry is growing all the time because of low costs and rising demand for electronics products.With more money in the pockets of middle-class people, the demand for electronics is expected to grow in the near future.
  • The Japanese electrical and electronics industry is one of the world's leading industries. The country is a world leader in the production of video cameras, compact discs, computers, photocopiers, fax machines, cell phones, and various other key computer components.
  • According to the Japan Electronics and Information Technology Industries Association (JEITA), the production of displays, servers, storage equipment, etc., is increasing at a steady pace on a year-over-Y basis.
  • The Ministry of Economy, Trade, and Industry (METI) identified advanced manufacturing as one of the fastest-growing sectors, which was estimated to be valued at USD 270 billion by 2020. It includes IoT-related and smart factory technologies.
  • So, all of these market trends are likely to boost the demand for photoresist in the region over the next few years.
Photoresist Market - Growth Rate by Region, Global, 2023-2028

Photoresist Industry Overview

The photoresist market is partially consolidated in nature. Some of the major companies are TOKYO OHKA KOGYO CO., LTD., JSR Corporation, DuPont, Fujifilm Holdings America Corporation, and Sumitomo Chemical Co., Ltd., among others.

Photoresist Market Leaders

  1. TOKYO OHKA KOGYO CO., LTD.

  2. JSR Corporation.

  3. FUJIFILM Holdings America Corporation

  4. DuPont

  5. Sumitomo Chemical Advanced Technologies

*Disclaimer: Major Players sorted in no particular order

Photoresist Market Concentration
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Photoresist Market News

  • December 2022: DuPont launched CYCLOTENE advanced electronics resins, a new photo-imageable dielectric (PID) dry film material that can be used in advanced semiconductor packaging applications. In order to get high functionality, performance, and reliability from these new packaging technologies, which offer higher levels of integration, shorter interconnect paths, and more I/Os, you need reliable dielectric materials with good resolution, low moisture uptake, and superior thermal stability.
  • October 2022: JSR Corporation has acquired the entire equity of JSR Electronic Materials Korea. The Japanese company and Peri Corp., a South Korean chemical material distributor, founded the joint venture in 2014. According to industry sources, the change in equity ratio is to accelerate semiconductor material production and R&D in South Korea.
  • August 2022: JSR Corporation has signed an investment agreement with the Lingang Special Area Government to establish a subsidiary in Shanghai. This is expected to increase the business that JSR Group does in China with regards to semiconductor materials.

Photoresist Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing demand from Semiconductor Segment

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Environmental Concerns Related to Photoresist

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

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

    1. 5.1 Type

      1. 5.1.1 ArF Immersion

      2. 5.1.2 ArF Dry Film

      3. 5.1.3 KrF

      4. 5.1.4 G-Line & I-line

      5. 5.1.5 Other Types

    2. 5.2 Application

      1. 5.2.1 Semiconductors

      2. 5.2.2 Liquid Crystal Displays (LCDs)

      3. 5.2.3 Printed Circuit Boards (PCBs)

      4. 5.2.4 Other Applications

    3. 5.3 End-user Industry

      1. 5.3.1 Electricals and Electronics

      2. 5.3.2 Automobiles

      3. 5.3.3 Packaging

      4. 5.3.4 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)** /Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ALLRESIST GmbH

      2. 6.4.2 Asahi Kasei Corporation

      3. 6.4.3 DJ Microlaminates

      4. 6.4.4 DuPont

      5. 6.4.5 FUJIFILM Holdings America Corporation

      6. 6.4.6 JSR Corporation.

      7. 6.4.7 KOLON Industries, Inc

      8. 6.4.8 Microchemicals GmbH

      9. 6.4.9 Shin-Etsu Chemical Co., Ltd.

      10. 6.4.10 Sumitomo Chemical Co., Ltd.

      11. 6.4.11 TOKYO OHKA KOGYO CO., LTD.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Advancement in IoT and AI in Electronics Industry

    2. 7.2 Other Oppurtunities

**Subject to Availability
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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 Research 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.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Photoresist Market.

The report covers the Photoresist Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Photoresist Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Photoresist Industry Report

Statistics for the 2024 Photoresist market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Photoresist analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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