Global Photoresists and Photoresist Ancillaries Market Driven by Rising Trend of Semiconductor Downsizing
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The report states that the flourishing semiconductors industry is a key growth driver for the photoresists and photoresist ancillaries market. The market, which had a valuation of US$3 bn in 2013, is projected to expand at a healthy 6.2% CAGR between 2014 and 2020 and rise to US$4.6 bn by 2020.
Photoresists comprise an essential component in the production of high-performance printed circuit boards and semiconductor chips, the demand for which has seen a constant rise in the past few years owing to the soaring popularity of dynamic display technologies and high-performance electronics. This has significantly benefitted the global photoresists and photoresist ancillaries market.
However, the market’s overall growth has been hindered to a certain extent owing to certain occupational and environmental health hazards. Widened and constantly rising interest of technical and scientific communities in new-generation nanoelectromechanical systems is expected to offer significant growth opportunities to the global photoresists and photoresist ancillaries market in the next few years.
On the basis of product type, the photoresists market is segmented into g-line and i-line photoresists, ArF dry photoresists, KrF photoresists, and ArF immersion photoresists. Types of photoresist ancillaries examined in the report include antireflective coatings, edge bead removers, photoresist developers, and other types such as specialty solvents and primers or adhesion promoters.
ArF immersion photoresists accounted for the largest share in the global photoresists market in 2013. The rising trend of semiconductor downsizing in the electronics industry is expected to drive the segment over the report’s forecast period. In the global photoresist ancillaries market, the segment of antireflective coatings led the market, accounting a share of over 30% in 2013.
Key applications of photoresists and photoresist ancillaries studied in the report include printed circuit boards, semiconductors and integrated circuits (ICs), and other applications such as MEMS, sensors, and NEMS. Of these, the segment of semiconductors and integrated circuits held the largest share in the market in 2013 and is expected to expand at a 6% CAGR over the report’s forecast period. The segment of printed circuit boards accounted for the second largest share in the market in 2013.
On the basis of geography, the market has been segmented into Asia Pacific, Europe, North America, and Rest of the World. Of these, Asia Pacific, which is widely known as the manufacturing hub of the global electronics industry, held a share of over 65% in the global photoresists and photoresist ancillaries market in 2013 owing to high demand from the printed circuit boards and semiconductor industries. The market for photoresists and photoresist ancillaries in North America is expected to expand at a moderate pace over the report’s forecast period owing to the recovery of the semiconductor industry in the region.
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The top three vendors in the highly consolidated marketplace of photoresists accounted for over 60% of the market in 2013. Key vendors in the market include The Dow Chemical Company, JSR Corporation, FUJIFILM Electronic Materials Co. Ltd., TOKYO OHKA KOGYO Co., Ltd., Merck KGaA, and Avantor Performance Materials Inc.
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