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Major Force in the Photoresist Electronic Chemical Market 2025: The Role Of Photoresist Electronic Chemicals In The Growing Electronic Industry
Photoresist Electronic Chemical Market Insights
The photoresist electronic chemical market has seen substantial growth in recent years. It will grow from $11.14 billion in 2024 to $12.17 billion in 2025, at a CAGR of 9.3%. The growth is attributed to the semiconductor industry's expansion, advancements in microelectronics, rising demand for consumer electronics, the globalization of electronics manufacturing, and the integration of advanced materials.
The photoresist electronic chemical market is expected to experience substantial growth in the coming years, reaching $16.19 billion by 2029, at a CAGR of 7.4%. Factors driving growth include the expansion of the Internet of Things (IoT), integration of artificial intelligence (AI) and machine learning, the electric vehicle (EV) revolution, focus on environmental sustainability, and supply chain resilience. Major trends in this period include increased demand for miniaturization, advancements in semiconductor technologies, sustainable practices, the rise of IoT devices, and the shift to 3D IC integration.
What Key Elements Are Boosting Growth in the Photoresist Electronic Chemical Market?
The expanding electronics industry is expected to drive the photoresist electronic chemicals market forward. The electronics industry encompasses the design, development, manufacturing, and distribution of electronic components, devices, and systems. Photoresist electronic chemicals play a crucial role in semiconductor manufacturing, facilitating photolithography, ion implantation masking, and patterning processes. For instance, in January 2023, LG, a South Korea-based consumer electronics company, reported in its annual financial report that it achieved its highest-ever revenue in 2022, marking a 12.9% increase from 2021 when sales first surpassed $52.70 billion. Additionally, LG's Home Appliance & Air Solution division recorded $22.5 billion in revenue, growing by 10.3% compared to the previous year. As a result, the growth of the electronics industry is driving the photoresist electronic chemicals market.
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Who Are the Major Industry Players Fueling Photoresist Electronic Chemical Market Expansion?
Major companies operating in the photoresist electronic chemical market report are BASF SE, Honeywell International Inc., Merck KGaA, Mitsui Chemicals Inc., Hitachi Chemicals Co. Ltd., The Dow Chemical Company, LG Chem Ltd., Fujifilm Corporation, Sumitomo Chemical Co. Ltd., Shin-Etsu Chemical Co. Ltd., E.I. DuPont, Air Products And Chemicals Inc., Kolon Industries Inc., PhiChem Corporation, Eternal Chemical Co. Ltd., JSR Corporation, Tokyo Ohka Kogyo Co. Ltd., Electra Polymers Ltd., Ikonics Corp., Micro Resist Technology GmbH, Photo Sciences Inc., Jiangsu Kuangshun Photosensitivity New-Material Stock Co. Ltd., DJ Microlaminates Inc., Allresist GmbH, AZ Electronic Materials, Hitech Photopolymere AG, KemLab Inc., Kanto Chemical Co. Inc.
Which Key Developments Are Influencing the Photoresist Electronic Chemical Market?
Major companies in the photoresist electronic chemicals market are advancing dynamic random-access memory (DRAM) technology through strategic collaborations to improve the performance of photoresists used in semiconductor manufacturing. In October 2024, Lam Research Corp., a US-based wafer fabrication equipment manufacturer, and Entegris Inc., a US-based electronic materials supplier, partnered with Gelest, Inc. to enhance semiconductor production. This partnership focuses on developing precursor chemicals for Lam's advanced dry photoresist technology, used in extreme ultraviolet (EUV) lithography. The collaboration is centered on research and development for next-generation logic and DRAM devices, crucial for innovation in AI and mobile technology. Gelest Inc. is a US-based company specializing in photoresist electronic chemicals.
How Is the Segmentation of the Photoresist Electronic Chemical Market Defined?
The photoresist electronic chemical market covered in this report is segmented -
1) By Type: Positive, Negative
2) By Substrate: Silicon, Glass, Metal, Other Substrates
3) By Application: Semiconductor Manufacturing, Printed Circuit Boards (PCBs), Liquid Crystal Displays(LCD), Micro-Electro-Mechanical Systems (MEMS), Other Applications
4) By End User: Semiconductor Industry, Electronics Industry, Display Industry, MEMS Industry, Other Industries
Subsegments:
By Positive: Positive Photoresists For Semiconductor Manufacturing, Positive Photoresists For Printed Circuit Boards (Pcbs)
By Negative: Negative Photoresists For Semiconductor Manufacturing, Negative Photoresists For PCB And Microelectronics
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What Is the Leading Region in the Photoresist Electronic Chemical Market?
North America was the largest region in the photoresist electronic chemical market in 2024. The regions covered in the photoresist electronic chemical market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Photoresist Electronic Chemical Global Market Report?
- Market Size Analysis: Analyze the Photoresist Electronic Chemical Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Photoresist Electronic Chemical Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Photoresist Electronic Chemical Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Photoresist Electronic Chemical Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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