Photoresist & Photoresist Ancillaries Market Current Status, Trends, Major Companies And Forecast 2033

The photoresist & photoresist ancillaries market size has grown strongly in recent years. It will grow from $3.86 billion in 2023 to $4.15 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to semiconductor manufacturing and lithography, growth in the electronics and microelectronics industries, advancements in photolithography technology, development of high-resolution displays, expansion of printed circuit board production.

The photoresist & photoresist ancillaries market size is expected to see strong growth in the next few years. It will grow to $5.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to extreme ultraviolet (euv) lithography adoption, growth in flexible electronics and oled displays, sustainable and environmentally friendly resists, increased use in photomask production, research and development in quantum computing. Major trends in the forecast period include high-resolution and multi-layer photoresists, double patterning and directed self-assembly, euv resist and mask materials, bio-based and biodegradable photoresists, resist for advanced packaging technologies, regulatory compliance in semiconductor materials.

Market Overview -
A photoresist is a natural polymer that improves its biochemical structure when exposed to ultraviolet light. Photoresist ancillary materials are used simultaneously with photoresists such as anti-reflective coatings, developers, photoresist strippers, and edge bead removers. Photoresist & photoresist ancillaries are used in wiring configuration in multi-layered semiconductors for manufacturing laptops, music players, mobile phones, servers, and household machines among others.

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Semiconductor Industry Growth Fuels Photoresist And Photoresist Ancillaries Market Expansion
The growing semiconductor sector is expected to propel the growth of the photoresist and photoresist ancillaries market in the coming years. Semiconductors, also known as integrated circuits (ICs) or microchips, are produced from pure elements such as silicon or germanium, as well as compounds like gallium arsenide. Semiconductors are a vital component of electronic equipment, allowing for advancements in communications, computers, healthcare, defense systems, transportation, clean energy, and a variety of other fields. In the manufacture of printed circuit boards (PCBs) and integrated chips, photoresists are being used to identify the circuit elements in the chip or PCB. For instance, in February 2022, according to The Semiconductor Industry Association (SIA), a US base trade association, semiconductor sales were $574.1 billion in 2022, a 3.3% increase compared to $555.9 billion in 2021. Therefore, the growing semiconductor sector drives the growth of the photoresist and photoresist ancillaries market.

Competitive Landscape -
Major companies operating in the photoresist & photoresist ancillaries market include Tokyo Ohka Kogyo Co. Ltd., JSR Corporation, DuPont de Nemours Inc., Shin-Etsu Chemical Co. Ltd., Sumitomo Chemical America Inc., FUJIFILM Hunt Chemicals U.S.A. Inc., Merck KGaA, Allresist GmbH, Micro Resist Technology GmbH, Avantor Performance Materials Inc., KemLab Inc., DJ MicroLaminates, LG Chem Ltd., The Dow Chemical Company, AZ Electronic Materials, Sumika Electronic Materials Inc., Brewer Science Inc., Chemtronics, Dynaloy LLC, EMD Performance Materials, Entegris Inc., KMG Chemicals Inc., Photronics Inc., E. I. du Pont de Nemours and Company

Innovative Resins In Photoresist And Photoresist Ancillaries Market
Major companies operating in the photoresist and photoresist ancillaries market are innovating resins, such as CYCLOTENE, to provide reliable services to customers. CYCLOTENE is a is a series of advanced electronic resins used as photo- Imageable dielectrics in thin film microelectronics applications. For instance, in December 2022, DuPont de Nemours, Inc., a US-based chemicals company launched CYCLOTENE. CYCLOTENE is used as semiconductor packaging for high-performance applications such as 5G and artificial intelligence (AI). It delivers performance and thermal stability, enabling high-density interconnects and fine-pitch circuitry.

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Key Segments -
The photoresist & photoresist ancillaries market covered in this report is segmented -
1) By Type: ArF Immersion, KrF, ArF Dry, g- and i-line
2) By Ancillaries Type: Anti-Reflective Coatings, Remover, Developer, Other Ancillaries Types
3) By Application: Semiconductors And ICS, LCDs, Printed Circuit Boards, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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