Photoresist Market Size to Surpass USD 14.15 Million with an Excellent CAGR of 5.55% by 2029

Over the last few years, there has been growth in technological development and increased research and development in the field of semiconductors. According to the European Semiconductor Business Association (ESIA), the European semiconductor industry generated revenue of US$3.8 billion in May 2021, up 31.2%from May 2020. The growth of the photoresist market is being fueled by an increase in semiconductor production. As a result, expansion in the semiconductor sector is expected to fuel growth in the photoresist market during the forecast period.

The photoresist market was valued at USD 9.18 billion in 2021 and is expected to reach USD 14.15 billion by 2029, registering a CAGR of 5.55% during the forecast period of 2022-2029.

Photoresist is a light-sensitive substance used in photolithography and photoengraving techniques. It shields electronic devices from damaging UV rays. Magnetic recording heads, printing plates, flat-panel liquid crystal displays, microelectromechanical systems (MEMS), and printed circuit boards are all manufactured with it (PCBs). On the other hand, photoresist ancillaries are goods that aid in the efficiency and resolution of the photolithography or photoengraving process.

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Some of the major players operating in the photoresist market are

• Tokyo Ohka Kogyo Co., Ltd (Japan)
• JSR Corporation (Japan)
• DuPont (U.S)
• Shin-Etsu Chemical Co., Ltd (Japan)
• Fujifilm Corporation (Japan)
• Sumitomo Chemical Co., Ltd. (Japan)
• ALLRESIST (GERMANY)
• Merck Group (Germany)
• DOW (U.S.)
• Micro Resist Technology (Germany)

Global Photoresist Market Scope

The photoresist market is segmented on the basis of type, chemical structure, product type, application and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Photoresist Market Regional Analysis/Insights

The photoresist market is analyzed and market size insights and trends are provided by country, type, chemical structure, product type, application and end-use industry as referenced above.

The countries covered in the photoresist market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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