Next-Generation Lithography Materials Market Growth Expected to Accelerate Significantly with Increased Adoption of EUV and Electron Beam Photoresists in IT and Telecommunications

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Next-Generation Lithography Materials Market Size, Share & Trends Analysis Report By Material (Photoresist And Ancillary), Application (Automotive, Consumer Electronics, IT & Telecommunications)- Market Outlook And Industry Analysis 2031"

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) materials market encompasses emerging technologies aimed at replacing existing lithography methods in integrated circuit manufacturing. The adoption of various NGL technologies is predominantly influenced by factors such as throughput capacity, operational expenditures, and implementation costs. The market is anticipated to witness steady growth, propelled by the rising demand for smaller microchips and transistors, particularly in smartphones and wearable devices.

According to the International Data Corporation (IDC), global smartphone shipments increased by 7.7% in 2021 compared to the previous year. To strengthen their competitive positions, smartphone manufacturers are increasingly utilizing advanced technologies to reduce device weight and enhance functionality, thereby driving demand for next-generation lithography materials and technologies. Consequently, the adoption of NGL technologies is gaining momentum across the industry.

Nevertheless, the high costs associated with next-generation lithography materials and the required scanning equipment remain a significant barrier to widespread adoption in various markets. Currently, Advanced Semiconductor Materials Lithography (ASML) is the exclusive supplier of extreme ultraviolet (EUV) lithography systems. Despite this market concentration, the next-generation lithography materials sector is expected to expand considerably as more companies enter the supply chain in the coming years. Key growth drivers include the rising adoption of feature phones and tablets, increased investment in research and development, and ongoing technological innovations. However, challenges such as elevated raw material costs and the limited number of equipment providers may impede 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 rising adoption of feature phones, tablets, and portable media players-particularly smartphones-is a key growth driver for the next-generation lithography materials market. Smartphones have become essential tools for a wide array of cognitive and functional tasks, including serving as communication devices, personal organizers, internet access points, and entertainment platforms. This broadening scope of use has intensified demand for cutting-edge technologies, including next-generation lithography materials. Additionally, robust research and development (R&D) activities are fueling innovation, leading to the introduction of new products, services, and processes. These R&D efforts not only enhance existing technologies but also enable companies to secure competitive advantages, supporting sustained improvements in productivity and profitability.

Challenges:
The market faces notable challenges that may impede its expansion. Chief among these is the high cost of critical raw materials, such as photoresists and other auxiliary components essential for next-generation lithography, which demand sophisticated innovation and production technologies. While the market serves diverse application sectors-including automotive, consumer electronics, and IT & telecommunications-the limited number of suppliers providing next-generation lithography equipment constrains broader adoption. Despite these obstacles, the market has witnessed significant advancements, including new product launches, business growth initiatives, strategic partnerships, acquisitions, and joint ventures by leading players. Forming and expanding such collaborations remains a preferred strategy for companies aiming to strengthen their market presence.

Regional Trends:
Geographically, the next-generation lithography materials market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region is projected to exhibit the fastest growth, with Taiwan expected to capture a substantial regional market share. Taiwan's prominent position is largely driven by the expansion of Taiwan Semiconductor Manufacturing Company (TSMC) and its escalating investments in Extreme Ultraviolet (EUV) lithography technology. In addition to Taiwan, significant opportunities are anticipated in Japan, China, and South Korea due to rising demand for EUV lithography, offering considerable growth potential 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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This release was published on openPR.