Key Influencer in the Photoresist Electronic Chemical Market 2025: The Role Of Photoresist Electronic Chemicals In The Growing Electronic Industry Driver

What combination of drivers is leading to accelerated growth in the photoresist electronic chemical market?
The photoresist electronic chemicals market is anticipated to see significant growth due to the expanding electronic sector. The electronic sector includes activities such as design, development, production, and distribution of electronic components, gadgets, and systems. Photoresist electronic chemicals have a pivotal role in this sector, particularly in the production of semiconductors and microelectronics. They are used for creating specific patterns on semiconductor wafers, generating masks for ion implantation procedures, and utilized in photolithography processes. For example, LG, a consumer electronics firm from South Korea, posted record annual revenues in January 2023. They reported an increase of 12.9% from 2021, surpassing earnings of $52.70 billion for the first time. Their LG Home Appliance & Air Solution Company made revenues of $22.5 billion in 2022, a rise of 10.3% from the previous year. Consequently, the expanding electronic industry is driving the growth of the photoresist electronic chemicals market. There is also a link between the rapid growth in the Internet of Things (IoT) and the positive prospects for the photoresist electronic chemical market. IoT, which refers to a networked system of interconnected computing appliances, mechanical, and electronic machines with unique identities (UIDs), capable of transferring data without the necessity of human-to-human or human-to-computer interaction, heavily rely on specialized photoresist electronic chemicals. These chemicals are needed for miniaturization, layer-to-layer alignment, and adhesion in IoT devices. According to the State of IoT-Spring 2022 report by IoT Analytics, in May 2022, there were 12.2 billion functioning endpoints in 2021, marking an 8% rise in the total number of IoT connections. The IoT industry is predicted to grow by 18% and reach 14.4 billion active connections in 2022. Therefore, the growing adoption of IoT is another key factor enhancing the growth of the photoresist electronic chemical market.

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What is the projected compound annual growth rate (CAGR) of the photoresist electronic chemical market from 2025 to 2034, and what factors influence it?
The market size for photoresist electronic chemicals has seen robust growth in the past few years. The market is projected to expand from $11.14 billion in 2024 to $12.17 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 9.3%. The impressive growth during the historic period can be linked to the expansion of the semiconductor industry, advancements in the field of microelectronics, a rising demand for consumer electronics, the global spread of electronics manufacturing, and the integration of cutting-edge materials.

Anticipations are high for the photoresist electronic chemical market to witness robust growth in the upcoming years. The market is anticipated to scale up to $16.19 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 7.4%. The surge during the prediction period could be attributed to multiple factors such as the proliferation of the internet of things (IoT), the incorporation of artificial intelligence (AI) and machine learning, the electric vehicle (EV) transformation, a commitment to ecological sustainability, and resilience of the supply chain. The prediction period is poised to witness significant trends like escalating demand for miniaturization, the advent of cutting-edge semiconductor technologies, green and sustainable operations, an increase in IoT devices, and a transition to 3D IC integration.

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How are the latest trends influencing the growth of the photoresist electronic chemical market?
The primary players in the photoresist electronic chemicals market are focusing on advancing dynamic random-access memory (DRAM) technology, through collaboration, which will enhance the performance of the photoresist that is used in this technology and thus, boost the overall production process. To illustrate, Lam Research Corp., a wafer fabrication equipment manufacturer from the US, teamed up with electronic materials provider, also US-based, Entegris Inc. and Gelest, Inc. in October 2024 to push forward semiconductor production. The focus of this collaboration is to develop precursor chemicals for Lam's cutting-edge dry photoresist technology, which is put to work in extreme ultraviolet (EUV) lithography. The partnership's primary focus will be on the research and development for the upcoming generation of logic and dynamic random-access memory (DRAM) devices, which hold key roles in driving innovation within the realms of artificial intelligence and mobile technologies. Gelest Inc. is another American company that operates within the sphere of photoresist electronic chemicals.

What are the major segments of the photoresist electronic chemical market and their role in driving growth?
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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Which regions are key players in the growth of 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.

Who are the key firms paving the way for growth in the photoresist electronic chemical market?
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.

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What Is Covered In The Photoresist Electronic Chemical Global Market Report?

•Market Size Forecast: Examine the photoresist electronic chemical market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the photoresist electronic chemical market for a structured understanding.
•Key Players Overview: Analyze major players in the photoresist electronic chemical market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the photoresist electronic chemical market.
•Segment Contributions: Evaluate how different segments drive overall growth in the photoresist electronic chemical market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the photoresist electronic chemical market.
•Industry Challenges: Identify potential risks and obstacles affecting the photoresist electronic chemical market.
•Competitive Landscape: Review strategic developments in the photoresist electronic chemical market, including expansions, agreements, and new product launches.

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