Global Color Resist Materials Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Color Resist Materials Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Color resist materials is a pigment-based ink for color filters. Color resist materials consists of coloring material (pigment or dye), polymer, photosensitive material and solvent. When the ink is exposed to ultraviolet rays, the exposed areas become insoluble and can resist the etching process. Adding these characteristics to ink is a key step in manufacturing color filters.

Market Overview:

The latest research study on the global Color Resist Materials market finds that the global Color Resist Materials market reached a value of USD 961.75 million in 2022. It’s expected that the market will achieve USD 1061.0 million by 2028, exhibiting a CAGR of 1.65% during the forecast period.

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.

For the Color Resist Materials industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas.

The growing demand of downstream industry

In recent years, color management is usually carried out to match colors displayed through different media, such as TV and smart phone displays. Therefore, there is an increasing demand for displays that are compatible with standards, such as Adobe RGB (red, green and blue) and Digital Cinema Initiatives (DCI), which help to achieve brighter color reproduction in a wider color gamut. This also meets the needs of mobile terminals and TV manufacturers for solutions that can reproduce colors in a broader color gamut. Color filter makes pictures and videos colorful. By transmitting light through the color filter, color information is given to the light signal. These panels are mainly used for televisions, computers and smart phones, and are the key components of color reproduction of flat panel displays. Recently, color filters are used not only for liquid crystal displays, but also for other panel appliances such as electronic paper and organic light emitting diodes. Color Resist Materials is the core material for manufacturing color filters. The growing demand of downstream industry will promote the development of Color Resist Materials industry.

Market Challenges/Risks

Electronic chemicals is a comprehensive discipline field combining chemistry, materials science, electronic science and other disciplines, which has the characteristics of high specificity and concentrated application fields. There are big differences among various electronic chemicals in material properties, production processes, functional principles and application fields, large professional span between products and high market segmentation, so electronic chemical enterprises face high technical barriers in the process of new product development.

On the other hand, the rapid development of downstream industries such as information and communication, consumer electronics, etc. is bound to require the upgrading of electronic chemicals to be accelerated, which puts higher demands on the R&D personnel and technicians of enterprises to possess various scientific knowledge and master the comprehensive scientific knowledge of upstream and downstream industries.

Region Overview:

In 2022, the share of the Color Resist Materials market in China stood at 59.93%.

Company Overview:

Sumitomo Chemical is one of the major players operating in the Color Resist Materials market, holding a share of 28.28% in 2022.

Sumitomo Chemical

Sumitomo Chemical Co. Ltd. is a Japanese company that produces and markets various types of chemicals. The company’s business sectors include petrochemicals and plastics, energy and functional materials, IT-related chemicals, health and crop sciences, and pharmaceuticals.

Jiangsu Yoke Technology

Jiangsu Yoke Technology Co., Ltd. is mainly engaged in the research and development of electronic semiconductor materials, cryogenic composite insulation materials and plastic additives. Jiangsu Yoke Technology Co., Ltd. is active in the fields of integrated circuits (wafer manufacturing and packaging), flat panel display (including LCD and OLED) and other electronic manufacturing industry chains.

Segmentation Overview:

By type, Color Resist Materials for LCD segment accounted for the largest share of market in 2022.

Color Resist Materials for LCD

LCD (Liquid Crystal Display) is a type of flat panel display which uses liquid crystals in its primary form of operation.

Color Resist Materials for OLED

OLED is an organic light-emitting diode in which the emissive electroluminescent layer is a film of organic compound that emits light in response to an electric current.

Application Overview:

By application, the TVs segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Color Resist Materials market covered in Chapter 3:

Chimei
Mitsubishi Chemical
Toyo Ink SC Holdings Co., Ltd.
Jiangsu Yoke Technology
JSR
DNP Group
Sumitomo Chemical

In Chapter 4 and Chapter 14.2, on the basis of types, the Color Resist Materials market from 2018 to 2029 is primarily split into:

Color Resist Materials for LCD
Color Resist Materials for OLED

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Color Resist Materials market from 2018 to 2029 covers:

TVs
Monitors
Notebook and Tablet
Mobile Phones
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)