Press release
Next-Generation Lithography Materials Market Poised for Exceptional Growth by 2031 with a Projected CAGR of 29.05%
Next-Generation Lithography Materials Market
The next-generation lithography materials market is estimated to reach over 1,101.98 billion by the year 2031, exhibiting a CAGR of 29.05% during the forecast period.
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The next-generation lithography (NGL) material market refers to the emerging technologies in integrated circuit manufacturing, which are being developed to replace current lithography techniques. The adoption of each next-generation lithography candidate is primarily influenced by factors such as throughput capability, operational costs, and implementation expenses. The market for next-generation lithography materials is expected to experience steady growth, driven by the increasing demand for smaller microchips and transistors in smartphones and wearable devices.
According to the International Data Corporation (IDC), smartphone shipments grew by 7.7% in 2021 compared to 2020. In order to strengthen their market positions, smartphone manufacturers are leveraging various technologies to reduce device weight and enhance functionality, thereby generating a growing need for next-generation lithography materials and technologies. As a result, next-generation lithography technologies are becoming increasingly widespread.
However, the high cost of next-generation lithography materials and associated scanners presents a significant challenge to their widespread adoption in several markets. Currently, Advanced Semiconductor Materials Lithography (ASML) is the sole provider of EUV lithography equipment. Despite this, the next-generation lithography materials market is projected to expand significantly as additional companies enter the ecosystem in the coming years. Key drivers of demand for next-generation lithography materials include the growing adoption of feature phones and tablets, increased research and development activities, and technological advancements. However, challenges such as high raw material costs and the limited number of companies providing next-generation lithography equipment may hinder market growth.
List of Prominent Players in the Next-Generation Lithography Materials Market
• Tokyo Ohka Kogyo Co., Ltd (TOK)
• JSR Corporation
• DuPont de Nemours, Inc.
• Shin-Etsu Chemical Co., Ltd
• Fujifilm Corporation.
• Sumitomo Chemical Co., Ltd.
• Allresist GmbH
• micro resist technology GmbH
• Merck KGaA
• DongjinSemichem Co. Ltd.
• Brewer Science, Inc.
• SACHEM, INC.
• Kayaku Advanced Materials, Inc.
• Avantor Performance Materials Inc.
• Irresistible Materials Ltd
• WeifangStartech Microelectronic Materials Co., Ltd.
• KemLab Inc.
• Jiangsu Nanda Photoelectric Materials Co., Ltd
• Shenzhen Didao Microelectronics Technology Co., Ltd
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Market Dynamics:
Drivers:
The increasing prevalence of feature phones, tablets, and portable media players, particularly smartphones, is a significant driver for the next-generation lithography materials market. Smartphones have become integral to daily life, performing a wide range of cognitive tasks and fulfilling various needs, including serving as phonebooks, appointment calendars, internet portals, gaming devices, and more. This expanding functionality has fueled demand for advanced technologies, including next-generation lithography materials. Furthermore, active research and development (R&D) in this area is driving innovation and the creation of new products, services, and processes. R&D efforts not only enhance existing technologies but also provide companies with a competitive advantage, contributing to long-term productivity and profitability gains.
Challenges:
The market faces several challenges that may hinder its growth. One of the main obstacles is the high cost of raw materials, particularly those used in next-generation lithography, such as photoresists and other auxiliary materials, which require advanced innovation strategies and technologies for production. The next-generation lithography materials market is segmented into various application sectors, including automotive, consumer electronics, and IT & telecommunications, but the number of companies offering next-generation lithography machinery remains limited. Despite these challenges, the market has seen significant developments, such as product releases, business expansions, partnerships, acquisitions, and joint ventures by key industry players. Expanding and forming strategic partnerships remains a preferred approach for companies seeking to solidify their position in the market.
Regional Trends:
The next-generation lithography materials market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region is anticipated to be the fastest-growing market, with Taiwan poised to hold a significant regional market share. Taiwan's dominance in the market is largely attributed to the growth of Taiwan Semiconductor Manufacturing Company (TSMC) and its increasing investments in Extreme Ultraviolet (EUV) lithography technology. Beyond Taiwan, the demand for EUV lithography in countries such as Japan, China, and South Korea is expected to present substantial opportunities for stakeholders throughout the forecast period.
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Recent Developments:
• In August 2022, JSR Corporation and the Lingang Special Area Government entered into an investment agreement to establish a Shanghai subsidiary. This is anticipated to increase JSR Group's business operations in the Chinese market for semiconductor materials. The tentative start date for operations is December 2022.
• In Feb 2022, Shin-Etsu Chemical Co., Ltd. will invest more than 80 billion in new facilities for its main silicone business to help it grow and get stronger. Shin-Etsu has already stated that it will put more effort into developing new silicone products and emphasise so-called speciality products in how it organises its products.
• In January 2021, the Industrial Technology Research Institute (ITRI) and DuPont de Nemours created a semiconductor materials lab in Hsinchu, Taiwan. In order to assist its clients as they look for the future generation of semiconductors in Taiwan, DuPont is anticipated to perform semiconductor material research, innovation, and refinement in conjunction with ITRI and to quicken pilot testing and economic potential.
Segmentation of Next-Generation Lithography Materials Market -
By Application
• Automotive
• Consumer electronics
• IT & telecommunications
• Others
By Material
• Photoresist Material
o EUV Photoresist
o Electron Beam (E-Beam) Photoresist
o Others
• Ancillary Material
o Developers
o Anti-Reflective Coating
o Others
By Region scope
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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