Product Code: KSI061617168
The photoresist market is expected to grow at a CAGR of 6.13%, reaching a market size of US$6.754 billion in 2030 from US$5.324 billion in 2025.
The market for the photoresist is driven by multiple factors. The automobile industry is a prominent industry that would drive the photoresist market, where these materials are used for in-vehicle applications. Further, the growing demand for electronic equipment will positively impact this market's development over the forecast period.
Developing semiconductor industry for hardware and electrical equipment is supposed to be advantageous for market growth. The upcoming modern-age technology, such as quantum computers, artificial intelligence, machine learning, blockchain, etc., further enlarges the photoresist market development.
- The automobile industry is a prominent end-user industry where photoresist is utilized. According to the IEA (International Energy Agency), EV sales had been 4.7 million in 2021, rising to 7.3 million in 2022 and 9.5 million in 2023.
- According to the Semiconductor Industry Association, between January 2020 and January 2022, the global industry is projected to have added enough manufacturing capacity to produce an additional 4 million wafers per month, an increase of over 20%.
Photoresist market drivers
- Growing demand from the semiconductor segment
A photoresist is a light-sensitive polymer. The photoresists used in semiconductors are light-sensitive polymers that change their structure when exposed. The semiconductor industry is witnessing a sharp increase as it is being utilized in memory, logic, analog, and MPU. According to the Semiconductor Industry Association (SIA), industry sales hit $49.1 billion during May 2024, an increase of 19.3% compared to the May 2023 total of $41.2 billion.
The semiconductor industry enabled advances in medical devices, health care, communications, computing, defense and aerospace, transportation and infrastructure, energy, and future technology such as artificial intelligence, quantum computing, and advanced wireless networks. These increased applications of the semiconductor would lead to the demand for photoresist materials.
Photoresist market geographical outlooks
- The photoresist market is segmented into five regions worldwide
By geography, the photoresist market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.
The Asia Pacific region is expected to see the fastest growth in the photoresist market due to increasing consumer electronics. India's domestic production of electronics products increased at a CAGR of 13% from $49 Bn in FY17 to $101 Bn in FY23. The country's electronics export is expected to reach $120 Bn by FY26, according to Invest India. North America is expected to have a significant market share for photoresist material due to its major utilization of artificial intelligence and quantum computing.
Reasons for buying this report:-
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
- Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
- Historical data & forecasts from 2022 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The photoresist market is segmented and analyzed as follows:
By Type
- ArF Immersion
- ArF Dry Film
- KrF
- G-Line & I-line
- Others
By Application
- Semiconductors
- Liquid Crystal Displays (LCDs)
- Printed Circuit Boards (PCBs)
- Others
By End-user Industry
- Electricals and Electronics
- Automobiles
- Packaging
- Others
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- UAE
- Rest of the Middle East and Africa
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Rest of Asia-Pacific
TABLE OF CONTENTS
1. INTRODUCTION
- 1.1. Market Overview
- 1.2. Market Definition
- 1.3. Scope of the Study
- 1.4. Market Segmentation
- 1.5. Currency
- 1.6. Assumptions
- 1.7. Base and Forecast Years Timeline
- 1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
- 2.1. Research Design
- 2.2. Research Process
3. EXECUTIVE SUMMARY
- 3.1. Key Findings
- 3.2. Analyst View
4. MARKET DYNAMICS
- 4.1. Market Drivers
- 4.1.1. Growing demand from the semiconductor segment
- 4.1.2. High demand from the electronic market
- 4.2. Market Restraints
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers
- 4.3.2. Bargaining Power of Buyers
- 4.3.3. The Threat of New Entrants
- 4.3.4. Threat of Substitutes
- 4.3.5. Competitive Rivalry in the Industry
- 4.4. Industry Value Chain Analysis
5. PHOTORESIST MARKET BY TYPE
- 5.1. Introduction
- 5.2. ArF Immersion
- 5.3. ArF Dry Film
- 5.4. KrF
- 5.5. G-Line & I-line
- 5.6. Others
6. PHOTORESIST MARKET BY APPLICATION
- 6.1. Introduction
- 6.2. Semiconductors
- 6.3. Liquid Crystal Displays (LCDs)
- 6.4. Printed Circuit Boards (PCBs)
- 6.5. Others
7. PHOTORESIST MARKET BY END-USER INDUSTRY
- 7.1. Introduction
- 7.2. Electricals and Electronics
- 7.3. Automobiles
- 7.4. Packaging
- 7.5. Others
8. PHOTORESIST MARKET BY GEOGRAPHY
- 8.1. Global Overview
- 8.2. North America
- 8.2.1. United States
- 8.2.2. Canada
- 8.2.3. Mexico
- 8.3. South America
- 8.3.1. Brazil
- 8.3.2. Argentina
- 8.3.3. Rest of South America
- 8.4. Europe
- 8.4.1. United Kingdom
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Rest of Europe
- 8.5. Middle East and Africa
- 8.5.1. Saudi Arabia
- 8.5.2. United Arab Emirates
- 8.5.3. Rest of the Middle East and Africa
- 8.6. Asia-Pacific
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. South Korea
- 8.6.5. Taiwan
- 8.6.6. Thailand
- 8.6.7. Indonesia
- 8.6.8. Rest of Asia-Pacific
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
- 9.1. Major Players and Strategy Analysis
- 9.2. Market Share Analysis
- 9.3. Mergers, Acquisitions, Agreements, and Collaborations
- 9.4. Competitive Dashboard
10. COMPANY PROFILES
- 10.1. ALLRESIST GmbH
- 10.2. Asahi Kasei Corporation
- 10.3. DJ Microlaminates
- 10.4. DuPont
- 10.5. FUJIFILM Holdings America Corporation
- 10.6. JSR Corporation.
- 10.7. Microchemical GmbH
- 10.8. Shin-Etsu Chemical Co., Ltd
- 10.9. Sumitomo Chemical Co., Ltd.
- 10.10. TOKYO OHKA KOGYO CO., LTD.
- 10.11. LG Chem
- 10.12. Mitsui Chemicals Inc
- 10.13. Merck KGaA
- 10.14. Everlight Chemical Industrial Co.