Photoacid Generators Market | Top Key Players - Heraeus Holding, Toyo Gosei Co., Ltd., FUJIFILM Corporation, San-Apro Ltd., Chembridge International Corp

A palpable penetration of semiconductor technology has augured well for stakeholders vying to expand their footprint in photoacid generators market. The expanding penetration of photoacid generators in photolithography tends to count on benzyl ester, ionic, imino ester and terarylene.

Of late, unprecedented growth in smartphone, sensors, silicon wafer, and computers will provide lucrative opportunities to leading companies in the landscape. Global Market Insights, Inc., has projected photoacid generators market size to surpass US$4.03 billion by 2026.

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The impact of COVID-19 outbreak has become quite noticeable in the industry given the setback it has had on semiconductor technologies. While R&D activities have risen in the past several years, the pandemic is likely to dent the supply-demand matrix in the industry.

Trends in photolithography becomes pronounced

A marked rise in the production of Si-based devices and robust demand stemming from prototype devices such as field effect transistors and magnetic oxide tunneling junctions and functional oxides have fueled the trend for photolithography.

Photolithography has become indispensable for large-scale production, while its use in microcircuit fabrication sequences has mustered up the confidence of stakeholders.

Growing traction for lithographic chemicals in electronics industry for the manufacturing of electronic components such as silicon wafers and integrated circuits for printed circuit boards packaging will bode well for the market size expansion.

Market penetration of ionic PAGs to trigger growth

Traction for nonionic surfactant in photoacid generators market has instilled confidence among stakeholders. When it comes to hydrogen bonds formation of hydrophilic moieties, nonionic surfactant tends to be water soluble.

Nonionic surfactant tends to provide decent solubility in polar solvents and do not change the pH of the solution. Besides, CMC tends to be higher as compared to ionic surfactants as it enables more surfactant to be mixed into a solution.

Ionic PAGs that are based on iodonium salts or sulfonium can provide tremendous results in PAGs capabilities. More importantly, non-ionic surfactants have gained popularity for cell biology as they do not break protein interaction.

Growth opportunities in North America and Europe

North America is likely to come up as a happy hunting ground following the penetration of smartphones and laptops in the U.S., Canada and Mexico. Development of electronics industry in the region has triggered growth of North America photoacid generators market revenue.

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Notable traction for lithographic chemicals in the U.K., France, Italy and Germany has stimulated growth in Europe photoacid generators industry revenue. Impressive demand for the manufacturing of compound semiconductors for the production of flat-panel display products and optoelectronic devices will be witnessed in the next five years.

High costs to derail growth

Some of the factors such as high costs and toxic nature of PAGs are expected to derail the industry growth.

Robust growth projection of semiconductor industry will augur well for photoacid generator manufacturers. Stakeholders are likely to infuse funds in photolithography to gain a competitive edge in the landscape. Prominently, mega-trend for smartphones, tablets and laptops is slated to boost PAGs market revenue.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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This release was published on openPR.