Global Extreme Ultraviolet (EUV) Photoresist Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Extreme Ultraviolet (EUV) Photoresist Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

As the core material of photoresist exposure, its resolution is a measure of the key dimensions (such as the line width of devices) of photoresist. The higher the resolution of photoresist, the smaller the key dimensions of graphics will be. The quality and performance of photoresist are the key factors affecting the performance, yield and reliability of integrated circuits. The cost of lithography is about 35% of the whole chip manufacturing process, and the time consumption accounts for about 40% to 50% of the whole chip manufacturing process. Photoresist materials account for about 4% of the total cost of IC manufacturing materials, and the market is huge. Therefore, photoresist is the core material of semiconductor integrated circuit manufacturing.

EUV improves the resolution during exposure by shortening the wavelength of light to meet the processing and manufacturing requirements of fine pattern lines. EUV is the most feasible solution to achieve below the 14nm node. Once EUV technology becomes mature, EUV photoresist will be the mainstream material for 7nm and 5nm process chips in the future, and its proportion in semiconductor manufacturing will gradually increase.

Market Overview:


The latest research study on the global Extreme Ultraviolet (EUV) Photoresist market finds that the global Extreme Ultraviolet (EUV) Photoresist market reached a value of USD 36.29 million in 2022. It’s expected that the market will achieve USD 1140.71 million by 2028, exhibiting a CAGR of 77.65% during the forecast period.

According to the production situation of Extreme Ultraviolet (EUV) Photoresist, it is more difficult to produce. Mainly due to the shortage of upstream materials and enterprises' employment, the prices of raw materials of Extreme Ultraviolet (EUV) Photoresist industry will also face price increases. Therefore, the epidemic is extremely unfavorable to the development of Extreme Ultraviolet (EUV) Photoresist, and the industry is facing severe challenges of increasing production costs.

In the face of the epidemic, the main countermeasures that enterprises in all links of the Extreme Ultraviolet (EUV) Photoresist industry chain need to take are to pay attention to the epidemic situation and industrial information trends in real time, and to make overall arrangements for various tasks according to the situation. Production enterprises should also pay attention to equipment maintenance, personnel organization and management and other aspects of production preparation.

Threat of New Entrants

Profitable industries that yield high returns will attract new firms. New entrants eventually will decrease profitability for other firms in the industry. Unless the entry of new firms can be made more difficult by incumbents, abnormal profitability will fall towards zero (perfect competition), which is the minimum level of profitability required to keep an industry in business.
A company's power is also affected by the force of new entrants into its market. The less time and money it costs for a competitor to enter a company's market and be an effective competitor, the more a company's position may be significantly weakened. An industry with strong barriers to entry is an attractive feature for companies that would prefer to operate in a space with fewer competitors.

Bargaining Power of Suppliers

The bargaining power of suppliers is also described as the market of inputs. Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes. If you are making biscuits and there is only one person who sells flour, you have no alternative but to buy it from them. Suppliers may refuse to work with the firm or charge excessively high prices for unique resources.

Threat of Substitutes

Competitor substitutes that can be used in place of a company's products or services pose a threat. For example, if customers rely on a company to provide a tool or service that can be substituted with another tool or service or by performing the task manually, and if this substitution is fairly easy and of low cost, a company's power can be weakened.

Region Overview:


From 2022-2027, China is estimated to witness robust growth prospects.

Company Overview:


TOK is one of the major players operating in the Extreme Ultraviolet (EUV) Photoresist market, holding a share of 52.04% in 2022.

TOK

TOKYO OHKA KOGYO CO., LTD is a material manufacturing company focusing mainly on photoresists and high purity chemicals for the photolithography process of semiconductor and display, processing equipment for semiconductor and display manufacturing, and inorganic and organic chemicals. The company headquarters is in Japan and operates through two business segments: material business and equipment business. The company offers photoresist products through the material business segment. Moreover, it has a strong presence in APAC, North America, and Europe.
Business: Lithographic resins (photoresists) used in the lithography process of semiconductors and displays, manufacturing materials centered on high-purity chemicals, manufacturing equipment of semiconductors and displays, and other inorganic and organic chemicals.

Shin-Etsu

Shin-Etsu Chemical Co., Ltd. is the largest chemical company. Shin-Etsu has the largest global market share for polyvinyl chloride, semiconductor silicon, and photomask substrates.
Shin-Etsu splits its business into three distinct groups:

Organic and inorganic chemicals

Main products: polyvinyl chloride (PVC), silicones, methanol, chloromethane, cellulose derivatives, povals, caustic soda, and silicon metals

Electronics materials

Main products: semiconductor silicon, organic materials, rare earth magnets for the electronics industry and photoresist products

Functional materials

Main products: synthetic quartz, rare earth and rare-earth magnets for general use

Segmentation Overview:


Among different product types, 7 nm segment is anticipated to contribute the largest market share in 2027.

Key Companies in the global Extreme Ultraviolet (EUV) Photoresist market covered in Chapter 3:

TOK
Shin-Etsu
JSR Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Extreme Ultraviolet (EUV) Photoresist market from 2018 to 2029 is primarily split into:

7 nm
5 nm
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Extreme Ultraviolet (EUV) Photoresist market from 2018 to 2029 covers:

Manufacturing & Commercial
Healthcare
Automotive & Aerospace
Food Processing
Residential
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)