Photoresist Market to Witness Over 5% CAGR by 2030, Driven by Semiconductor and Display Applications

Mordor Intelligence has published a new report on the "Photoresist Market" offering a comprehensive analysis of trends, growth drivers, and future projections

The photoresist market is expected to grow at a CAGR exceeding 5% during the forecast period, driven by continuous demand from the semiconductor industry, increasing display manufacturing, and the rise of advanced automotive electronics. Growth prospects remain strong across Asia-Pacific, North America, and Europe as industries invest in high-resolution lithography processes and sustainable production approaches.

Introduction: Photoresists Enable Precision in Electronics Manufacturing

Photoresists are light-sensitive materials that enable the patterning of circuit designs onto semiconductor wafers, LCD panels, and printed circuit boards (PCBs). Their role is integral to producing advanced microprocessors, memory chips, display screens, and electronic assemblies that form the backbone of modern technology.

The market benefits from growth in semiconductor fabrication, increasing complexity of integrated circuits, and rising production of LCDs and OLEDs for consumer devices. Demand is further supported by the automotive and packaging industries integrating electronics for smart features, safety systems, and enhanced user interfaces.

Report Overview: https://www.mordorintelligence.com/industry-reports/photoresist-market?utm_source=openpr

Key Trends Shaping the Photoresist Market

Growth of Semiconductor Miniaturization

The semiconductor industry is progressing towards smaller nodes, enabling faster, more efficient chips. This has intensified demand for photoresists capable of supporting advanced lithography techniques such as ArF immersion and EUV lithography. As manufacturers develop chips below 10 nm, photoresists with improved resolution, line edge roughness control, and etching resistance are becoming essential to maintain yield and performance standards.

Rise in Display Manufacturing

Liquid Crystal Displays (LCDs) continue to dominate the display market, with OLEDs gaining ground in premium segments. Asia-Pacific, particularly China, South Korea, and Japan, has seen expanding investments in display panel production, driving consistent consumption of photoresists used in colour filter, TFT array, and electrode patterning processes.

Increased Electronics Content in Automobiles

Modern vehicles are integrating electronic systems for navigation, infotainment, ADAS (Advanced Driver Assistance Systems), and electric powertrain management. This trend is creating additional demand for PCBs and semiconductor devices, thereby supporting steady photoresist market growth from the automotive sector.

Environmental Compliance and Sustainable Formulations

Environmental regulations are influencing photoresist manufacturers to invest in sustainable formulations with reduced solvent usage and hazardous byproducts. Research is focusing on chemically amplified resists (CARs) that meet environmental standards while maintaining compatibility with advanced lithography systems. This trend is expected to strengthen as regulatory requirements tighten globally.

Packaging Industry Adopting Printed Electronics

The packaging industry is exploring printed electronics to create smart labels, temperature indicators, and interactive packaging solutions. This emerging application segment utilises photoresists in printed circuit fabrication for flexible substrates, offering a future growth opportunity for the market beyond traditional electronics and display manufacturing.

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Market Segmentation

The photoresist market is segmented based on type, application, end-user industry, and geography:

By Type:

ArF Immersion: Used for advanced semiconductor nodes requiring superior resolution.

ArF Dry Film: Suitable for sub-90 nm semiconductor fabrication.

KrF: Commonly used for 90-130 nm nodes and display manufacturing.

G-Line & I-line: Applied in PCB manufacturing and less advanced semiconductor processes.

Other Types: Include emerging formulations for niche lithography techniques.

By Application:

Semiconductors: Largest segment, driven by microprocessors, memory devices, and logic chip production.

Liquid Crystal Displays (LCDs): Utilised in colour filter and array patterning during panel fabrication.

Printed Circuit Boards (PCBs): Photoresists used for etching circuit patterns in multilayer boards.

Other Applications: Include printed electronics in packaging and emerging flexible display technologies.

By End-User Industry:

Electricals and Electronics: Covers semiconductor fabs, display panel manufacturers, and consumer electronics producers.

Automobiles: Demand arises from electronic modules, sensors, and onboard computing systems.

Packaging: Growing adoption of printed electronic labels and interactive packaging.

Other End-user Industries: Encompass emerging applications in healthcare devices and IoT sensors.

By Geography:

Asia-Pacific: The Largest regional market driven by strong semiconductor and display manufacturing in China, South Korea, Japan, and Taiwan.

North America: Benefits from domestic semiconductor fabs, R&D centres, and automotive electronics production.

Europe: Supported by automotive electronics, industrial manufacturing, and semiconductor facilities.

South America: Small but growing market with electronics assembly and automotive segments.

Middle East and Africa: Limited market share, with growth potential in electronics manufacturing investments.

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Key Players in the Photoresist Market

The global photoresist market features established companies with strong R&D capabilities and diversified product portfolios:

TOKYO OHKA KOGYO CO., LTD.: A leading supplier of photoresists for semiconductor and display applications, known for technological collaborations with foundries.

JSR Corporation: Offers advanced photoresists including ArF immersion types for cutting-edge semiconductor manufacturing.

FUJIFILM Holdings America Corporation: Provides photoresists and lithography materials with a focus on supporting EUV lithography development.

DuPont: Supplies photoresists and ancillary chemicals, leveraging its expertise in electronic materials.

Sumitomo Chemical Advanced Technologies: Manufactures a broad range of photoresists catering to both semiconductor and display applications globally.

These companies are focusing on expanding their production capacities, strengthening supply chains, and enhancing product performance to meet evolving industry requirements.

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Conclusion

The photoresist market is poised for steady growth over the coming years, driven by semiconductor miniaturisation, expanding display manufacturing, and rising electronic integration across industries. Asia-Pacific remains the dominant region due to its strong manufacturing ecosystem, while North America and Europe continue to invest in semiconductor and automotive electronics capabilities. As environmental sustainability and advanced lithography techniques gain importance, photoresist manufacturers are aligning R&D efforts to remain competitive and responsive to global market needs.

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