Authored By: Sarah
11 Jul 2024

 Photoresist Market Size to grow by USD 952.9 million between 2024-2028

According to a research report “ Photoresist Market” by Type (ArF photoresist, KrF photoresist, G-line and I-line photoresist, EUV photoresist) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 952.9 million, at a CAGR of  7.08% during the forecast period. In the rapidly evolving electronic landscape, advancements in technologies such as 3D printing, drones, claytronics, aerogel, and conductive polymers are driving the demand for more efficient, compact, and cost-effective electronics. This trend is leading to increased production of flat panel displays, including LCDs, LEDs, and plasma displays, which are finding widespread use in mobile devices, computers, and other consumer electronics. The ongoing technological advancements and improvements in photoresist material production processes are enabling vendors to deliver higher quality and performance at lower costs, thereby fueling the adoption of newer devices. The market for photoresist materials is witnessing significant growth as a result of these dynamics.

Browse market data tables, figures, and in-depth TOC on “Photoresist Market” by Type (ArF photoresist, KrF photoresist, G-line and I-line photoresist, EUV photoresist) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample


By Type, the ArF photoresist segment is projected to dominate the market size in 2024


By Geography, APAC  segment is expected to hold the largest market size for the year 2024

In the semiconductor industry, the demand for photoresists that support advanced lithography techniques, such as ArF immersion lithography, is on the rise. This technique employs a fluid layer between the wafer and optics to modify the beam and enhance resolution depth. The miniaturization of electronic components is the primary growth driver for this market segment. Major foundries are increasingly focusing on delivering ICs with smaller node sizes, necessitating the adoption of equipment and materials tailored for these dimensions. The shrinking size of these components poses a challenge for developers, as the complexity of design increases in tandem with the reduction in IC size. ArF immersion lithography, operating at a wavelength of 193 nm, is a critical technology for scaling devices through multi-patterning. This approach enables the production of ICs with 10 nm process node geometries.

APAC is forecasted to hold the largest market size by region in 2024

The photoresist market represents a significant segment within the semiconductor industry, with growing demand driven by advancements in technology and increasing production of electronics. This market is characterized by continuous innovation, as companies strive to develop high-performance, cost-effective photoresists to meet the evolving needs of the industry. Key players include DowDuPont, Merck KGaA, and Tokyo Ohka Kogyo, among others. These companies invest heavily in research and development to maintain their competitive edge.

The Photoresist Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • AGC Inc.
  • Allresist GmbH
  • Applied Materials Inc.
  • DJ MicroLaminates Inc.
  • DuPont de Nemours Inc.
  • Everlight Chemical Industrial Co
  • FUJIFILM Corp.
  • JSR Corp.
  • KLA Corp.
  • Lam Research Corp.
  • LG Chem Ltd.
  • Merck KGaA
  • Micro resist technology GmbH
  • Mitsui Chemicals Inc.
  • PhiChem Corp.
  • Shenzhen RongDa Photosensitive Science and Technology Co. Ltd.
  • Shin Etsu Chemical Co. Ltd.
  • Sumitomo Chemical Co. Ltd.
  • Suzhou Crystal Clear Chemical Co. Ltd

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Research Analysis Overview

The Photoresist market is experiencing significant growth due to its increasing application in various industries, including Electronics, Electrical Vehicles, and the Car industry. Photoresist materials play a crucial role in semiconductor fabrication, particularly in patterning methods such as photolithography. These materials are essential for creating circuits on chips, memory chips, Liquid-crystal Displays (LCDs), and other electronic components. One of the latest trends in the Photoresist market is the use of aerogels as photoresist materials. Aerogels offer unique properties, such as low viscosity, high photosensitivity, and excellent thermal properties, making them ideal for use in miniaturized semiconductor devices and drones. Moreover, the electrical sectors are also adopting photoresist materials in the production of electrical vehicles and light commercial vehicles. The use of photoresist materials in the automobile industry is expected to increase as the demand for electric and autonomous vehicles grows. Solvents, sensitizers, and adhesive agents are essential additives used in photoresist formulations to improve their performance. These additives help in enhancing the photosensitivity, viscosity, and thermal property of the photoresist materials. In summary, the Photoresist market is witnessing robust growth due to its wide applications in various industries, including Electronics, Electrical Vehicles, and the Car industry. The use of advanced photoresist materials, such as aerogels, is driving innovation and improving the performance of electronic components.

Market Research Overview

The Photoresist market encompasses a wide range of materials and technologies used in various industries, including electronics and automotive. Photoresists are essential in the production of display panels, such as LCDs and plasma screens, as well as in the fabrication of semiconductors and microelectromechanical systems (MEMS). One key application of photoresists is in the creation of anti-reflective coatings, which are crucial for improving the performance of optoelectronic devices. The direct-wire technique, a popular method for manufacturing magnetic recording heads, relies on photoresists for the transferal of images and etching processes. Materials technology in the photoresist market includes nanoparticle materials, metals, insulators, and conductive polymers. Magnetic materials and magnetics play a significant role, particularly in the production of magnetic recording heads and sensors. The automotive industry utilizes photoresists in the manufacturing of electrical components and in-vehicle applications. In electrical applications, photoresists are used in the production of capacitors, resistors, and circuit boards. In the semiconductor segment, photoresists are used in the fabrication of advanced semiconductors, including microprocessors, memory chips, and transistors. Other applications of photoresists include gadgets, such as smartphones and wearable devices, as well as in the production of flat-panel displays, including LCDs and LEDs. Upstream producers of photoresist materials include benzene-based aromatic chemicals, such as benzene, xylene, toluene, cresol, and phenol. The photoresist market is also influenced by smart factory technologies and IoT-related technologies, as well as by tax rates, process operating windows, and line width variation. Photoresists are used in the production of printing plates, computer memory chips, and microelectromechanical systems, as well as in the creation of 3D lithographic patterns and 3D printing. Electronic materials manufacturers produce a range of photoresists, including ArF dry film and ArF immersion segments, which are used in the photolithographic process. Photoresists are also used in the production of sensors, MEMs, PCBs, and LCDs. The global semiconductor industry relies heavily on photoresists, as do various sectors, including artificial intelligence, the Internet of Things, and computer components. Photoresists are used in the production of fax machines, photocopiers, computers, compact discs, video cameras, and more. In summary, the photoresist market is a diverse and essential component of various industries, including electronics and automotive, and encompasses a wide range of materials and technologies, from anti-reflective coatings and magnetic materials to nanoparticle materials, conductive polymers, and smart factory technologies. Photoresists play a crucial role in the production of display panels, semiconductors, and other electronic components, and their use is continually expanding with the development of new technologies and applications.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

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