Photoresist And Photoresist Ancillaries Market 2018 Top Key Vendors JSR Corporation, The Dow Chemical Company, AZ Electronic Materials, FUJIFILM Electronic Materials, DuPont, Sumitomo Chemical and LG Chem Ltd.

Tremendous advancements witnessed in display technology in the last few years will drive the growth of photoresist and photoresist ancillaries market. Displays have seen a noteworthy change in technology, starting from cathode ray tube (CRT) to liquid crystal display (LCDs) to light emitting diode (LED) in a short span. Also, flat panel display (FPD) technology have revolutionized the electronics industry with almost every electronic device being integrated with it. As FPDs are lighter and thinner than other conventional displays, they are being extensively used in electronics industry in many end use applications such as computers, smart phones, automotive display mediums, televisions, interactive boards, etc.

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Any advancements in technology in FPD is expected to augment the photoresist and photoresist ancillaries market throughout the forecast timeframe as they are employed in a variety of processes in this industry including spin coating, extrusion coating, roller coating, and advanced slit-coating.

Photoresist And Photoresist Ancillaries Market size is set to surpass USD 6 billion by 2024. Permissible limits for solvents and chemicals used in photoresist production have been set by The Occupational Safety and Health Administration (OSHA) and the National Institute for Occupational Safety and Health (NIOSH). For instance, butyl acetate is a solvent used in production of photoresist and its permissible exposure limit (PEL) and recommended exposure limit (REL) have both been set at 200 ppm.

Some of the secondary components of the product are radical scavengers, antioxidants, amines, wetting agents, coating aids, and adhesion promoters derived from petroleum-based solvents and synthetic polymers. They can have serious effects on human health as well as the environment and are strictly regulated by the governing bodies. These regulations may prevent the entry of new players and hamper the industries growth in the coming years.

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On the basis of application, the industry is categorized into three segments including printed circuit boards (PCBs), semiconductors and integrated circuits (ICs), along with other applications. PCB market share is likely to reach USD 1.9 billion in 2024 since they are an integral part of electronic devices used in various sectors such as transportation, defense, broadcasting, etc.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Avantor Performance Materials Inc
2. A-Z Electronic Materials S.A
3. The Dow Chemicals Company
4. E. I. du Pont de Nemours and Company (DuPont)
5. FUJIFILM Electronic Materials Co., Ltd.
6. JSR Corporation
7. Shin-Etsu Chemical Co., Ltd.
8. Sumitomo Chemical Co., Ltd.
9. Tokyo Ohka Kogyo Co., Ltd.
10. LG Chem, Ltd.
11. Eternal Materials Co.,Ltd.
12. HTP HiTech Photopolymere AG
13. Kolon Industries
14. Asahi Kasei Corporation
15. Hitachi Chemical Co., Ltd.

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Asia pacific will be a high potential market for photoresist and photoresist ancillaries owing to rising electronic products demand. This can be attributed to high economic growth coupled with increased manufacturing of electronic devices and equipment in countries such as South Korea and China which are considered to be electronic hubs of the world. Asia pacific market size is estimated to be over USD 4 billion by 2024.

Important players in this industry are The Dow Chemical Company, AZ Electronic Materials, Tokyo Ohka Kogyo, and JSR Corporation followed by other smaller players like Hitachi Chemical, LG Chem, Eternal Materials, Kolon Industries, Sumitomo Chemical, FUJIFILM Electronic Materials, etc.

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