"The Photoresist Chemicals Market is estimated at USD 5.28 billion in 2023. Further, the market is expected to grow from USD 5.5 billion in 2024 to USD 7.52 billion in 2030 at a CAGR of 4.5%."
Photoresist Chemicals Market Overview
Photoresists are light-sensitive materials that form a patterned coating on the surface. Photoresist chemicals change their chemical structure when exposed to UV light. Photoresist chemicals are manufactured by blending a resin with a desired solvent and a Photo Active Generator (PAG) Compound. Photoresists are classified into two groups, positive and negative resists. With increasingly smaller geometry designs in the microelectronics industry, positives are becoming more popular as they offer process controllability.
The photoresist chemicals used are polymethyl methacrylate, polymethyl glutarimide, and phenol formaldehyde resin. These chemicals are used due to their unusual characteristics, such as high purity, applicability to micro-processing, and sharp patterning and etching on the substrate. Chemicals are used in different industrial processes such as PCBs, copper roller-making for packaging and textile industries, and used in photolithography and photoengraving techniques. These chemicals are available in dry & liquid forms and are semiconductors, alkali cleansers for electronic devices, and silicon etching agents for micro-electro-mechanical systems.
Asia-Pacific is the leading region in the Photoresist Chemicals Market, propelled by a strong semiconductor manufacturing base, high demand for consumer electronics, and significant investments in advanced lithography technologies across countries like China, Japan, and South Korea.
Photoresist Chemicals Market Latest Trends
High Penetration of IoT and AI:
The advent of IoT (Internet of Things) and AI (Artificial Intelligence) has opened many opportunities for electronic materials manufacturers and created the demand for more complex ICs and chips. IoT facilitates effective data transfer over a wireless (or wired) network and helps to connect electronic devices to the Internet. The essence of this technology is that it needs minimum human intervention. To bring about automation, IoT would require advanced semiconductor components such as microcontrollers, processors, and chips to be embedded into the devices.
Since IoT as a technology requires specialized ICs and microcontrollers that offer maximum performance output with minimum power consumption, the need for photoresist stripping will increase as it helps to augment the quality and performance of IC chips. In reality, AI impacts the growth of the semiconductor sector in two ways, i.e., building demand for innovative technologies and enhancing the product fabrication process. The former creates new marketing opportunities and facilitates manufacturing process improvements.
Photoresist Chemicals Market Driving
Growth in Electronics & Semiconductor Industry Across the Globe:
The electronics industry uses highly sophisticated specialty chemicals to manufacture electronic components and products, including silicon wafers, IC (Integrated Circuits), and PCBs. High demand from the electronic business due to rising disposable income will positively impact the photoresist chemicals market development during the forecast period. Electronic products, such as smartphones, OLED TVs, and tablets, have the highest growth rates in the consumer electronics segment. Flat panel displays (such as LCDs, LEDs, and plasma displays) are being increasingly adopted. The manufacturing and processing of these displays require different chemicals and materials. The increased adoption of these displays is, therefore, expected to foster the growth of the photoresist chemicals market during the forecast period.
New applications for polymers for electrical and electronic applications are expected to contribute to the growth of the market, especially in North America and Europe, during the forecast period. Developing an interest in semiconductors in the hardware and electrical industry is advantageous for market development. Asia-Pacific region is estimated to hold a significant share of the photoresist chemicals market during the forecast period. China has the world's largest electronics production base and offers tough competition to existing producers, such as South Korea, Singapore, and Taiwan. Recent technological advancements have increased the importance of semiconductors across various industries.
Photoresist Chemicals Market Challenges
Strict Regulations & Rapid Decline in the Use of Old Technologies:
Environmental concerns and strict government regulations, like EPA and REACH, hamper market growth. Also, in some countries, higher duty rates increase the expense of photoresists, impacting the market growth during the forecast period. Technologies such as memory chips and data centers are declining rapidly due to the introduction of cloud-based storage. The necessity to store data physically has reduced considerably, which is the cause of a decline in the production of memory chips.
The manufacturers of electronic materials, especially the smaller players, need to adapt to change more frequently. The adaptability to new technology may take up some time, eventually leading to a loss of profit for the smaller players. Due to the increasing usage of mobile devices, the size of integrated chips and semiconductors is getting smaller; thus, the materials used in manufacturing semiconductors must be precise and of high quality to produce optimal results. To introduce new products, companies must invest in building new facilities or remodeling the setup, which will lead to high capital costs and eventually add up to the product cost.
Companies Mentioned
JSR Corporation
DUPONT
Merck KGaA
LG Chem
Market Scope
| Parameter | Detail |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2026-2032 |
| Market Size-Units | USD billion |
| Market Splits Covered | By Spectral Line Size, By Product Type, By Application |
| Countries Covered | North America (USA, Canada, Mexico) |
| Analysis Covered | Latest Trends, Driving Factors, Challenges, Trade Analysis, Price Analysis, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
| Customization | 10% free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
| Post-Sale Support | 4 analyst hours, available up to 4 weeks |
| Delivery Format | The Latest Updated PDF and Excel Data file |
Market Segmentation
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| By Spectral Line Size |
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| By Product Type |
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TABLE OF CONTENTS
1. GLOBAL PHOTORESIST CHEMICALS INDUSTRY
1.1. Market Scope and Definition
1.2. Study Assumptions
2. PHOTORESIST CHEMICALS MARKET LATEST TRENDS, DRIVERS AND CHALLENGES, 2021-2030
2.1. Photoresist Chemicals Market Latest Trends
2.1.1. High Penetration of IoT and AI:
2.1.2. Advancements in Material Technology:
2.1.3. Acceptance of Nanotechnology:
2.1.4. Increasing Demand for Anti-Reflective Coatings:
2.2. Photoresist Chemicals Market Insights, 2022-2030
2.2.1. Leading Photoresist Chemicals, by Spectral Line Size, 2022-2030
2.2.2. Leading Photoresist Chemicals, by Product Type, 2022-2030
2.2.3. Dominant Photoresist Chemicals Application, 2022-2030
2.2.4. Fast-Growing Geographies for Photoresist Chemicals, 2021-2030
2.3. Photoresist Chemicals Market Drivers to 2030
2.3.1. Growth in Electronics & Semiconductor Industry Across the Globe:
2.3.2. Rising Demand for Automobiles:
2.3.3. Surging Popularity of Wearable Devices & Dynamic Display Technology:
2.4. Photoresist Chemicals Market Restraints to 2030
2.4.1. Strict Regulations & Rapid Decline in the Use of Old Technologies:
2.4.2. High Costs Associated with Photoresist Materials:
2.5. Photoresist Chemicals Market-Five Forces Analysis
3. GLOBAL PHOTORESIST CHEMICALS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
3.1. Global Photoresist Chemicals Market Overview, 2022
3.2. Global Photoresist Chemicals Market Size and Share Outlook, By Spectral Line Size, 2021-2030
3.2.1. ArF Immersion
3.2.2. ArF Dry Film
3.2.3. KrF
3.2.4. G-Line & I-line
3.2.5. Other Types
3.3. Global Photoresist Chemicals Market Size and Share Outlook, By Product Type, 2021-2030
3.3.1. Positive Photoresist
3.3.2. Negative Photoresist
3.4. Global Photoresist Chemicals Market Size and Share Outlook, By Application, 2021-2030
3.4.1. Microelectronics
3.4.2. Fabrication of Printed Circuit Boards
3.4.3. Sand Carving
3.4.4. Others
3.5. Global Photoresist Chemicals Market Size and Share Outlook by Region, 2021-2030
4. NORTH AMERICA PHOTORESIST CHEMICALS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
4.1. North America Photoresist Chemicals Market Overview, 2022
4.2. North America Photoresist Chemicals Market Size and Share Outlook by Product, 2021-2030
4.3. North America Photoresist Chemicals Market Size and Share Outlook, By Product Type, 2021-2030
4.4. North America Photoresist Chemicals Market Size and Share Outlook, By Application, 2021-2030
4.5. North America Photoresist Chemicals Market Size and Share Outlook by Country, 2021-2030
4.5.1. United States
4.5.2. Canada
5. EUROPE PHOTORESIST CHEMICALS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
5.1. Europe Photoresist Chemicals Market Overview, 2022
5.2. Europe Photoresist Chemicals Market Size and Share Outlook by Spectral Line Size, 2021-2030
5.3. Europe Photoresist Chemicals Market Size and Share Outlook, By Product Type, 2021-2030
5.4. Europe Photoresist Chemicals Market Size and Share Outlook, By Application, 2021-2030
5.5. Europe Photoresist Chemicals Market Size and Share Outlook by Country, 2021-2030
5.5.1. Germany
5.5.2. France
5.5.3. UK
5.5.4. Italy
5.5.5. Spain
5.5.6. Rest of Europe
6. ASIA PACIFIC PHOTORESIST CHEMICALS MARKET VALUE, MARKET SHARE AND FORECAST TO 2030
6.1. Asia Pacific Photoresist Chemicals Market Overview, 2022
6.2. Asia Pacific Photoresist Chemicals Market Size and Share Outlook by Spectral Line Size, 2021-2030
6.3. Asia Pacific Photoresist Chemicals Market Size and Share Outlook, By Product Type, 2021-2030
6.4. Asia Pacific Photoresist Chemicals Market Size and Share Outlook, By Application, 2021-2030
6.5. Asia Pacific Photoresist Chemicals Market Size and Share Outlook by Country, 2021-2030
6.5.1. China
6.5.2. Japan
6.5.3. India
6.5.4. ASEAN
6.5.5. Australia & NZ
6.5.6. South Korea
6.5.7. Rest of Asia Pacific
7. LATIN AMERICA PHOTORESIST CHEMICALS MARKET VALUE, MARKET SHARE AND FORECAST TO 2030
7.1. Latin America Photoresist Chemicals Market Overview, 2022
7.2. Latin America Photoresist Chemicals Market Size and Share Outlook by Spectral Line Size, 2021-2030
7.3. Latin America Photoresist Chemicals Market Size and Share Outlook, By Product Type, 2021-2030
7.4. Latin America Photoresist Chemicals Market Size and Share Outlook, By Application, 2021-2030
7.5. Latin America Photoresist Chemicals Market Size and Share Outlook by Country, 2021-2030
7.5.1. Brazil
7.5.2. Mexico
7.5.3. Argentina
7.5.4. Rest of Latin America
8. MIDDLE EAST AFRICA PHOTORESIST CHEMICALS MARKET VALUE, MARKET SHARE AND FORECAST TO 2030
8.1. Middle East Africa Photoresist Chemicals Market Overview, 2022
8.2. Middle East Africa Photoresist Chemicals Market Size and Share Outlook by Product, 2021-2030
8.3. Middle East Africa Photoresist Chemicals Market Size and Share Outlook, By Product Type, 2021-2030
8.4. Middle East Africa Photoresist Chemicals Market Size and Share Outlook, By Application, 2021-2030
8.5. Middle East Africa Photoresist Chemicals Market Size and Share Outlook by Country, 2021-2030
8.5.1. Middle East
8.5.2. Africa
9. PHOTORESIST CHEMICALS MARKET STRUCTURE
9.1. JSR Corporation
9.2. DUPONT
9.3. Merck KGaA
9.4. LG Chem
9.5. Sumitomo Chemical Company
10. APPENDIX
10.1. About Us
10.2. Sources
10.1. Research Methodology
10.2. Research Process
10.3. Research Execution
10.4. Contact Information
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FAQ's
The Photoresist Chemicals Market is estimated to reach USD 7.8 billion by 2032.
The Global Photoresist Chemicals Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period from 2025 to 2032.
The Global Photoresist Chemicals Market is estimated to generate USD 5.5 billion in revenue in 2024.
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