Photopolymer is a light-sensitive polymer that undergoes a chemical change when exposed to light, usually in the visible or ultraviolet regions of the spectrum. This change allows the creation of patterns by selectively exposing different areas of the polymer to light through a photomask. Photopolymers are commonly used in the etching and lithography processes to selectively add or remove material from a surface. Increasing applications of photopolymers across industries such as electronics, healthcare, 3D printing, and graphic arts can drive the global photopolymer market growth. Growing demand for miniaturization of electronic components has boosted the demand for these precise polymers that allow high-resolution patterning. However, environmental concerns around the usage of some photopolymers can hamper the market growth.
Market Dynamics:
Global photopolymer market growth is driven by factors such as growing demand from the printed electronics and 3D printing industries. Photopolymers provide unique properties that enable product miniaturization, which is essential for printed electronics. Moreover, wide use of photopolymers in graphic arts applications such as flexography and offset lithography can drive the market growth. However, health hazards associated with certain photopolymers can hamper the market growth. The development of bio-based or eco-friendly photopolymers can offer opportunities for market players.
Key Features of the Study:
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