Photoresist and Photoresist Ancillaries Market is expected to reach US$5,614.4 Mn by 2027

Increasing demand from various applicationsto escalate photoresist and photoresist ancillaries market growth at CAGR of 5.8% during 2019–2027

According to our latest market study on “GlobalPhotoresist and Photoresist AncillariesMarket Forecast to 2027 – Covid-19 Impact and Global Analysis – by Photoresist Type (ArF Immersion Photoresist, ArF Dry Photoresist, KrF Photoresist, G-line and I-line Photoresist); Photoresist Ancillaries Type (Anti-reflective Coatings, Remover, Developer, Others); Application (Semiconductors and ICs, LCDs, Printed Circuit Boards, Others);and Geography,”the market was valued at US$ 3,392.97 million in 2018 and is projected to reach US$ 5,614.37 million by 2027; it is expected to grow at a CAGR of 5.8% from 2019 to 2027.The report highlightskey factors driving the market growth and prominent players and their developmentsin the market.

Photoresists are the light-sensitive polymeric resins that are mainly used in the production of printed circuit boards, printing plates, flat-panel liquid crystal displays, magnetic recording heads, and micro electromechanical systems (MEMS). These components serve as masking materials for the transferal of images into an underlying substrate via etching processes. Photoresist ancillaries are materials such as photoresist strippers, anti-reflective coatings, developers, and edge bead removers used along with photoresist. The photoresists and photoresist ancillaries are used in wiring configuration in multi-layered semiconductors for manufacturing computers, laptops, music players, phones, servers, and household appliances. The electronic industry is facing steady growth in the developed and developing countries. The companies operating in this field manufacture products such as advanced telephones, computer systems, televisions and home entertainment equipment, and electronic control and monitoring devices used in many industrial and scientific applications, and in these electronic products the photoresist and photoresist ancillaries are used by the manufacturers.

Rising demands from various applications such as semiconductors and ICs, LCDs, and printed circuit boards are driving the photoresist and photoresist ancillaries market across the world. One of the key growth factors for the photoresist and photoresist ancillaries market is their use in flat-panel displays. Since these displays are thinner, lighter, and more energy-efficient, they are preferred over other displays, thereby stimulating the market growth in developed and developing countries such as the US, the UK, Italy, China, India, Russia, Japan, Mexico, and Canada. Furthermore, photoresists are also used in wiring configuration in multi-layered semiconductor manufacturing, which forms a key part of laptops, computers, music players, phones, servers, and household appliances. Photoresists are the light-sensitive polymeric resins that are mainly used in the production of printed circuit boards, printing plates, flat-panel liquid crystal displays, magnetic recording heads, and microelectromechanical systems (MEMS). These components serve as masking materials for the transferal of images into an underlying substrate via etching processes. Photoresist ancillaries are materials such as photoresist strippers, anti-reflective coatings, developers, and edge bead removers used along with photoresist. The photoresists and photoresist ancillaries are used in wiring configuration in multi-layered semiconductors for manufacturing computers, laptops, music players, phones, servers, and household appliances. Increasing demand for these products among the electronics industries and other customers has created an attractive market for photoresist.

MERCK KGaA, Sumitomo Chemical Co., Ltd, TOKYO OHKA KOGYO CO., LTD, Micro Resist Technology GmbH, Shin-Etsu Chemical Co., Ltd, ALLRESIST GmbH, DJ Microlaminates, Inc, DuPont de Nemours, Inc, DuPont de Nemours, Inc, and JSR Corporation are some of the well-established players present in the global photoresist and photoresist ancillaries market.

Impact of COVID-19 Pandemic on Photoresist and Photoresist Ancillaries Market

COVID-19 outbreak first began in Wuhan (China) during December 2019, and since then it has spread across the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst affected countries in terms of positive cases and reported deaths as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global chemical and materials industry is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak.

Global Photoresist and Photoresist Ancillaries Market Breakdown – by Region, 2018

The report includes the segmentation of the global photoresist and photoresist ancillaries market as follows:

By Photoresist Type

• ArF Immersion Photoresist
• ArF Dry Photoresist
• KrF Photoresist
• G-line and I-line Photoresist

By Photoresist Ancillaries Type

• Anti-reflective Coatings
• Remover
• Developer
• Other Photoresist Ancillaries Type

By Application

• Semiconductors and ICs
• LCDs
• Printed Circuit Boards
• Other Applications

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • South Korea
  • Taiwan
  • Japan
  • Rest of Asia Pacific
• Middle East and Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East and Africa
• South America
  • Brazil
  • Argentina
  • Rest of South America