What is Global Liquid Photoresist Market?
The Global Liquid Photoresist Market is a vast and dynamic sector that plays a crucial role in the world of technology. Liquid photoresist, a light-sensitive material used in several industrial processes, is a key component in the manufacturing of semiconductors, integrated circuits, and printed circuit boards. The market for this product is truly global, with demand stemming from various industries across the world. In 2023, the market was valued at a substantial US$ 2520 million, and it's projected to grow even further. By 2030, it's expected to reach a staggering US$ 3536.3 million, demonstrating a Compound Annual Growth Rate (CAGR) of 4.9% from 2024 to 2030. This growth is driven by the increasing demand for electronics and the continuous advancements in technology.
Positive Photoresist, Negative Photoresist in the Global Liquid Photoresist Market:
The Global Liquid Photoresist Market is segmented into two main types: Positive Photoresist and Negative Photoresist. Positive Photoresist becomes soluble when exposed to light, making it easier to remove during the development process. This type is commonly used in high-resolution applications, such as microelectronics. On the other hand, Negative Photoresist becomes insoluble when exposed to light. This characteristic makes it ideal for applications that require high-durability and heat-resistance, such as solder mask layers on printed circuit boards. The choice between these two types depends on the specific requirements of the application.
Semiconductors & ICS, LCDs, Printed Circuit Boards, Others in the Global Liquid Photoresist Market:
The Global Liquid Photoresist Market finds its usage in several areas. Semiconductors & Integrated Circuits (ICs) are the primary consumers of liquid photoresist. It is used in the photolithography process, which is crucial in the manufacturing of ICs. Liquid Crystal Displays (LCDs) also use liquid photoresist in their production process. Printed Circuit Boards (PCBs), another major consumer, use it in the etching process to create the desired circuit patterns. Other industries, such as solar cell manufacturing and microelectromechanical systems (MEMS), also utilize liquid photoresist in their processes.
Global Liquid Photoresist Market Outlook:
Looking at the market outlook, the Global Liquid Photoresist Market is set for significant growth. In 2023, the market was valued at US$ 2520 million. Fast forward to 2030, and it's projected to reach US$ 3536.3 million. This represents a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period from 2024 to 2030. It's worth noting that the top three companies in this market hold over 25% of the market share, indicating a somewhat concentrated market structure.
| Report Metric | Details |
| Report Name | Liquid Photoresist Market |
| Accounted market size in 2023 | US$ 2520 million |
| Forecasted market size in 2030 | US$ 3536.3 million |
| CAGR | 4.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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, Great Eastern Resins Industrial, Chang Chun Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
