What Is The Predicted Revenue Outlook For The Photoresist & Photoresist Ancillaries Market To Surpass $5.66 Billion?
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How Big Is The Photoresist & Photoresist Ancillaries Market Today And What Is Its Future Size?
Over the past few years, the market size for photoresist and photoresist ancillaries has experienced stable growth. It is projected to further escalate from $4.08 billion in 2024 to $4.28 billion in 2025, displaying a compound annual growth rate (CAGR) of 5.0%. This growth during the historic period can be tied back to factors like manufacturing of semiconductors and lithography, development in the electronics and microelectronics sectors, advancements in photolithography technology, creation of high-resolution displays, as well as the expansion in the production of printed circuit boards.
A significant expansion is anticipated in the photoresist & photoresist ancillaries market in the upcoming years, with the market value poised to reach $5.66 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.2%. The expansion during the projected period can be linked to various factors such as the adoption of extreme ultraviolet (euv) lithography, increased adoption of flexible electronics and oled displays, sustainable and eco-friendly resists, as well as increased utilization in the production of photomasks and research in quantum computing. Prime trends projected for this period includes high-resolution and multi-layer photoresists, as well as double patterning and directed self-assembly, euv resist and mask materials, bio-based and biodegradable photoresists, resists beneficial for advanced packaging technologies, and adherence to regulations in semiconductor materials.
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What Core Drivers Are Expected To Influence The Photoresist & Photoresist Ancillaries Market?
Anticipations for a rapidly evolving semiconductor sector are set to boost the expansion of the photoresist and photoresist ancillaries market in the foreseeable future. Semiconductors, also referred to as integrated circuits (ICs) or microchips, are created from pure elements such as silicon and germanium, as well as compounds like gallium arsenide. These semiconductors play a crucial role in electronic devices and facilitate progress in myriad fields, including but not limited to communications, computing, healthcare, defense, transportation, and clean energy. Photoresists find application in identifying circuit elements in chips or printed circuit boards (PCBs), during their manufacture. Moving forward to February 2022, the Semiconductor Industry Association (SIA), a US trade association, reported semiconductor sales tallying $574.1 billion in 2022, marking a 3.3% rise from $555.9 billion from 2021. Hence, the rising semiconductor sector is a major growth facilitator for the photoresist and photoresist ancillaries market.
How Is The Photoresist & Photoresist Ancillaries Market Organized By Different Segments?
The photoresist & photoresist ancillaries market covered in this report is segmented –
1) By Type: ArF Immersion, KrF, ArF Dry, g- and i-line
2) By Ancillaries Type: Anti-Reflective Coatings, Remover, Developer, Other Ancillaries Types
3) By Application: Semiconductors And ICS, LCDs, Printed Circuit Boards, Other Applications
Subsegments:
1) By ArF Immersion: Chemically Amplified ArF Photoresists, Non-Chemically Amplified ArF Photoresists
2) By KrF: Chemically Amplified KrF Photoresists, Non-Chemically Amplified KrF Photoresists
3) By ArF Dry: Chemically Amplified ArF Dry Photoresists, Non-Chemically Amplified ArF Dry Photoresists
4) By g- and i-line: g-line Photoresists, i-line Photoresists, Negative Photoresists For g- and i-line
Which Emerging Trends Are Reshaping The Photoresist & Photoresist Ancillaries Market Landscape?
Major players in the photoresist and photoresist ancillaries market are introducing innovative resins like CYCLOTENE to provide dependable services to their customers. CYCLOTENE is a collection of high-tech electronic resins utilized as photo-imageable dielectrics in thin film microelectronics applications. For instance, in December 2022, DuPont de Nemours, Inc., a chemical company based in the US, introduced CYCLOTENE. It is utilized in semiconductor packaging for high-performance uses such as 5G and artificial intelligence (AI), contributing performance and thermal steadiness, and facilitating high-density interconnects and fine-pitch circuitry.
Which Firms Are Making The Biggest Impact In The Photoresist & Photoresist Ancillaries Market?
Major companies operating in the photoresist & photoresist ancillaries market include Tokyo Ohka Kogyo Co. Ltd., JSR Corporation, DuPont de Nemours Inc., Shin-Etsu Chemical Co. Ltd., Sumitomo Chemical America Inc., FUJIFILM Hunt Chemicals U.S.A. Inc., Merck KGaA, Allresist GmbH, Micro Resist Technology GmbH, Avantor Performance Materials Inc., KemLab Inc., DJ MicroLaminates, LG Chem Ltd., The Dow Chemical Company, AZ Electronic Materials, Sumika Electronic Materials Inc., Brewer Science Inc., Chemtronics, Dynaloy LLC, EMD Performance Materials, Entegris Inc., KMG Chemicals Inc., Photronics Inc., E. I. du Pont de Nemours and Company
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Which Region Dominates The Photoresist & Photoresist Ancillaries Market Today?
Asia-Pacific was the largest region in the photoresist and photoresist ancillaries market in 2024. North America was the second-largest region in the photoresist and photoresist ancillaries market share during the forecast period. The regions covered in the photoresist & photoresist ancillaries market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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