Photoresist and Photoresist Ancillaries Market Outlook
According to the report by Expert Market Research (EMR), the global photoresist and photoresist ancillaries market trends, is projected to grow at a CAGR of 5.7% between 2023 and 2028. Aided by the increasing demand in microelectronics fabrication and the burgeoning semiconductor industry, the market is expected to grow significantly by 2028.
A light-sensitive substance called photoresist is used to create patterned coatings through a variety of industrial procedures, such as photolithography and photoengraving. On the other side, photoresist ancillaries are the substances used before and after the application of photoresist to improve its performance. In fields like microelectronics, where they are essential for creating and packing semiconductors and printed circuit boards, photoresist and its ancillaries are used extensively.
A significant driver of the global photoresist and photoresist ancillaries market growth is the burgeoning microelectronics industry. As technology advances, the demand for smaller, more efficient electronic components increases, leading to a surge in demand for photoresist and photoresist ancillaries, which enable the creation of high-resolution microelectronic components. Furthermore, the rise in consumer electronics usage has prompted growth in the semiconductor industry, thereby fuelling the demand for photoresist and its ancillaries.
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The escalating demand in the semiconductor industry is also a critical factor increasing the photoresist and photoresist ancillaries market development. The need for advanced semiconductors in various industries, including automotive, telecommunication, and healthcare, is growing as they become an integral part of innovation. Photoresist and its ancillaries, being fundamental in the fabrication of semiconductors, see an increased demand.
Further, technological advancements in industries such as automotive, aerospace, and defence have accelerated the trend of miniaturisation and integration of complex structures in microelectronic devices, thereby contributing to the increased usage of photoresist and photoresist ancillaries. The proliferation of Internet of Things (IoT) devices, which require integrated circuits produced using photoresist materials, is another factor positively influencing the photoresist and photoresist ancillaries market demand.
In the pharmaceutical industry, photoresist and its ancillaries have found a novel application in the manufacturing of BioMEMS (biological micro-electro-mechanical systems), used for drug delivery, diagnostics, and monitoring. The potential use of photoresist in producing nanoscale devices for biotechnology is an emerging trend, likely to offer new opportunities for the photoresist and photoresist ancillaries market expansion.
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Photoresist and Photoresist Ancillaries Market Segmentation
The market can be divided based on type, application, and region.
Photoresist Market Breakup by Type
- ArF Immersion
- KrF
- ArF Dry
- g- and i-line
- Others
Photoresist Ancillaries Market Breakup by Type
- Anti-Reflective Coatings
- Remover
- Developer
- Others
Photoresist and Photoresist Ancillaries Market Breakup by Application
- Semiconductors & ICS
- LCDs
- Printed Circuit Boards
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- LAMEA
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global photoresist and photoresist ancillaries companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Tokyo Ohka Kogyo Co., Ltd.
- JSR Corporation
- Shin-Etsu Chemical Co., Ltd.
- Sumitomo Chemical Co., Ltd.
- ALLRESIST GmbH
- Others
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