Press release
Photoresist Market to reach USD 13.6 Bn by 2029, Technological Advancements and Growth Opportunities
Pune 08, May 2023: MMR has released a new report on the global photoresist market, which shows that the market was valued at USD 8.7 Bn. in 2021 and reach at USD 13.6 Bn in 2029, at a CAGR of 6.2 percent through the forecast period of 2022-2029.Photoresist Market Report Scope and Research Methodology
The report provides a comprehensive overview of the market and its applications in the manufacture of µm-and sub-µm structures, predominantly in the microelectronics industry. Photoresist synthetics are considered as a fundamental part for making high-performance circuit boards and semiconductor chips. The report also highlights the different chemicals used for this purpose, such as poly methyl methacrylate (PMMA), poly methyl glutarimide (PMGI), phenol formaldehyde resin (DNQ), SU-8, and OSTE polymers.
The report categorizes photoresists into two types, positive and negative, which work on different directives but have similar requirements. The report notes that up-sides are becoming more popular due to the increasing demand for smaller math designs in the microelectronics industry, as they offer better cycle controllability.
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Photoresist Market Dynamics
The report shows that the high demand from the electronics industry is expected to positively impact the photoresist synthetic compounds market growth over the forecast period. The report highlights that photoresist synthetic chemicals are organic compounds whose properties change when exposed to bright light. The report also identifies different photoresist chemical products, such as g-line, I-line, KrF, ArF immersion, and ArF dry photoresists, and identifies major end-use applications, including laptops, PCs, servers, industrial devices, gaming consoles, music players, mobile phones, home appliances, smartphones, the automotive industry, fixed-line phones, and broadband internet.
The report identifies the lack of local manufacturing of electronic products as a restraint in the emerging economies, such as India and Brazil, which has confined the interest for photoresist and photoresist ancillaries in these countries. The report notes that various assessments, such as customs duties, import operations, and others, add to around 7-8% of the manufacturing costs, thus increasing the value for producing even small quantities of photoresist and photoresist ancillaries.
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Photoresist Market Regional Insights
The report provides insights into the regional analysis of the photoresist market, highlighting the major regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The report shows that Asia Pacific dominates the market, followed by North America and Europe, due to the growing demand for electronics and electrical products in the region.
Photoresist Market Segmentation
By Application:
• Semiconductors & ICs
• LCDs
• Printed Circuit Boards
• Others
By Type:
• ArF Immersion Photoresist
• ArF Dry Photoresist
• KrF Photoresist
• G-line & I-line Photoresist
By End Use:
• Electronics
• Automobile
• Packaging
• Others
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Photoresist Market Key Competitors include:
• Tokyo Ohka Kogyo Co., Ltd
• JSR Corporation
• DuPont
• Shin-Etsu Chemical Co., Ltd
• Fujifilm Corporation
• Sumitomo Chemical Co., Ltd.
• ALLRESIST
• Merck Group
• DOW
• Micro Resist Technology
• DJ MicroLaminates
• LG Chem
• Mitsui Chemicals Inc
• AZ Electronic Materials Co., Ltd
• Everlight Chemical Industrial Co.
• Allresist GmbH
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Table of Content for Photoresist Market
Global Photoresist Market: Research Methodology
Global Photoresist Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Photoresist Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Photoresist Market Segmentation
Global Market, by Application (2021-2029)
Global Market, by Type (2021-2029)
Global Market, by End Use (2021-2029)
Regional Photoresist Market (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by End Use (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Know More About The Report:
https://www.maximizemarketresearch.com/market-report/global-photoresist-market/3587/
Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Application, Type and End Use
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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