Global Photoresist & Photoresist Ancillaries Market Size, Share & Trends Analysis Report, by Photoresist Type, by Photoresist Ancillaries Type, by Application, By Region Forecasts, 2023 - 2030

Global Photoresist & Photoresist Ancillaries Market Size, Share & Trends Analysis Report, by Photoresist Type, by Photoresist Ancillaries Type, by Application, By Region Forecasts, 2023 - 2030

Global Photoresist & Photoresist Ancillaries Market was valued at US $ 3.9 Billion in 2022 and is expected to reach US $ 5.8 Billion by 2030 growing at a CAGR of 5.1% during the forecast period 2023 – 2030.

Within the semiconductor and electronics industry, the Photoresists and Photoresist Ancillaries Market is a vital sector that provides the necessary materials and chemical compounds required for the precise patterning of electronic components. Fundamental to it are light-sensitive compounds called photoresists, which make it easier to transfer complex designs onto photomasks, semiconductor wafers, and various substrates. These materials come in two varieties: positive and negative photoresists. They are all carefully designed to meet the needs of particular industries, including semiconductor production, display technologies, microelectronics, and photovoltaics.

Ancillary items, in addition to photoresists, are essential to the photolithography process. These additional elements include edge-bead removers, developers, anti-reflective coatings (ARCs), and a variety of chemicals that are carefully blended to improve the accuracy and calibre of pattern transfer. The market's importance stems from its ability to provide the growing need for high-performance electronic components and displays. As industries advance, there is an increasing requirement for more precise details and enhanced functionality. It still plays a key role in advancing technological innovation in the semiconductor and electronics industries because it is a highly competitive and flexible market.

The market for photoresists and photoresist ancillaries is expanding rapidly, mostly due to the rising need for electronic gadgets. There are a number of important causes supporting this spike in demand, most notably the constantly changing consumer electronics scene. A never-ending supply of smartphones, tablets, laptops, and other smart devices are flooding the market, all of which promise more sophistication and usefulness. Modern semiconductor components are needed more and more to power these increasingly sophisticated electronic devices. As a result, there is a noticeable increase in activity in the semiconductor manufacturing process, which is highly dependent on photoresists and other ancillaries during the photolithography stage.

“G-line segment, by Photoresist Type, to be dominating market from 2023 to 2030.”

Due to its historical significance as a wavelength range for photolithography procedures in semiconductor production, the G-line section takes the lead. G-line photolithography equipment has long been used by numerous semiconductor production plants. For some applications and legacy processes, several semiconductor foundries and manufacturers continue to use G-line photolithography equipment, even though the industry has moved to shorter wavelengths for higher-resolution patterns. By continuing to use G-line technology, the market for G-line-specific photoresists and ancillaries is sustained, solidifying G-line's position as the market leader.

“Anti-Reflective Coatings segment, by Photoresist Ancillaries Type, to be dominating market from 2023 to 2030.”

The anti-reflective coating (ARC) market is well-known because it plays a vital role in maximising optical performance in several sectors. Because they minimise undesirable reflections and maximise light transmission, ARCs are essential to optics, display technologies, and photovoltaics. The need for ARCs is fueled by the rise of high-resolution screens, sophisticated camera systems, and optical instruments. Furthermore, the creation of solutions. As semiconductor technologies progress and emphasise sustainability and accuracy in fabrication processes, the remover market grows.

“Semiconductors & ICS segment, by Application, to be dominating market from 2023 to 2030.”

The main application category for photoresists and photoresist ancillaries in the market is found in semiconductors and integrated circuits (ICs), and there are a number of convincing reasons for this dominance. These parts serve as the essential building blocks for a wide variety of electronic gadgets, forming the basic basis of the electronics manufacturing sector. These include commonplace devices like laptops and cellphones, as well as complex automotive electronics that improve vehicle functionality and even find use in the complex gear that drives industrial processes.

“Asia Pacific to be largest region in Photoresist & Photoresist Ancillaries market.”

Due to a number of strong reasons, the Asia-Pacific (APAC) region is leading the market for photoresists and photoresist ancillaries. The booming electronics sector, which is largely led by heavyweights like China, South Korea, Taiwan, and Japan, is at the centre of this supremacy. This dynamic industry, which includes displays, semiconductors, and consumer electronics, generates a significant demand for photoresist materials and other ancillary items that are necessary for the manufacturing of modern electronic components. In addition, governments' pro-business policies and regulatory measures, like India's easing of licencing requirements and approval of 51% foreign direct investment (FDI) in multi-brand retail and 100% FDI in single-brand retail, have contributed to APAC's dominance in this market. APAC's position is further cemented by these policies, which greatly encourage the expansion of the appliance and consumer electronics sector.

Photoresist & Photoresist Ancillaries Competitive Landscape

The competitive landscape of the Photoresist & Photoresist Ancillaries market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of Photoresist & Photoresist Ancillaries technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.

The Photoresist & Photoresist Ancillaries market is highly competitive, with numerous companies vying for market share. Prominent companies in the Photoresist & Photoresist Ancillaries Market include:

Samsung Electronics Co., Ltd., Canon Inc, Ulvac Technologies, Inc, TEL (Tokyo Electron Limited), SCREEN Semiconductor Solutions Co., Ltd, Chimei Materials Technology Corporation, MicroChem Corporation, FUJIFILM Corporation, Merck KGaA, JSR Corporation, Asahi Kasei Corporation, Nikon Corporation, KLA Corporation, Axcelis Technologies, Inc., Lam Research Corporation, DuPont de Nemours, Inc., Sumitomo Chemical Co., Ltd., Shin-Etsu Chemical Co., Ltd., Dow, Inc., Tokyo Ohka Kogyo Co., Ltd., and others.

Recent Developments:

For an undisclosed amount, SK Materials, a South Korean industrial gases company, completed the acquisition of Kumho Petrochemical's photoresist business in February 2020. By taking this calculated risk, SK Materials hopes to create a specialised subsidiary whose mission is to advance photoresist technology.

SK Materials, a South Korean industrial gases firm, opened a state-of-the-art production facility in December 2020 with the goal of promoting the local manufacture of semiconductor raw materials, such as photoresist and hard masks. The main objective of this project is to produce 50,000 gallons of photoresist annually beginning in 2022.