What is Global Photoresist Chemicals Market?
The Global Photoresist Chemicals Market is a vast and dynamic sector that plays a crucial role in various industries. Photoresist chemicals are light-sensitive materials used in several industrial processes, such as photolithography and photoengraving, to form a patterned coating on a surface. These chemicals are primarily used in the manufacturing of semiconductors and microchips. The global market for these chemicals is substantial and continues to grow, driven by the increasing demand for semiconductors in various sectors such as electronics, automotive, and telecommunications.
Positive Photoresist, Negative Photoresist in the Global Photoresist Chemicals Market:
Diving deeper into the Global Photoresist Chemicals Market, we find two main types of photoresist chemicals: Positive Photoresist and Negative Photoresist. Positive Photoresist chemicals become soluble when exposed to light, allowing the unexposed areas to be removed by the developer solution. On the other hand, Negative Photoresist chemicals become insoluble when exposed to light, meaning the exposed areas remain after the development process. The choice between positive and negative photoresist depends on the specific requirements of the manufacturing process. The Negative Photoresist segment holds a larger share of the market, indicating its widespread use in various industries.
Semiconductors & ICS, LCDs, Printed Circuit Boards, Others in the Global Photoresist Chemicals Market:
The Global Photoresist Chemicals Market finds its applications in several areas. Semiconductors & ICS, LCDs, Printed Circuit Boards, and others are some of the key areas where these chemicals are extensively used. In the semiconductor industry, photoresist chemicals are used in the photolithography process to produce integrated circuits (ICs). Similarly, in the production of LCDs, these chemicals are used to create fine patterns on glass substrates. In the manufacturing of printed circuit boards, photoresist chemicals are used to form circuit patterns. Other applications include the production of microelectromechanical systems (MEMS) and other microfabrication processes.
Global Photoresist Chemicals Market Outlook:
Now, let's take a look at the market outlook for the Global Photoresist Chemicals Market. In 2022, the market was valued at US$ 3447 million. It is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2029, reaching a value of US$ 4740.1 million by 2029. This growth is driven by the increasing demand for these chemicals in various industries, particularly in semiconductor manufacturing. The market is dominated by the top five manufacturers, who collectively hold over 40% of the market share. In terms of product types, Negative Photoresist is the largest segment, accounting for over 60% of the market.
| Report Metric | Details |
| Report Name | Photoresist Chemicals Market |
| Accounted market size in 2022 | US$ 3447 in million |
| Forecasted market size in 2029 | US$ 4740.1 million |
| CAGR | 4.6% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | DuPont, Fujifilm Electronic Materials, Tokyo Ohka Kogyo, Merck Group, JSR Corporation, LG Chem, Shin-Etsu Chemical, Sumitomo, Chimei, Daxin, Everlight Chemical, Dongjin Semichem, Asahi Kasei, Eternal Materials, Hitachi Chemical, Chang Chun Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
