Authored By: Sarah
19 Aug 2024

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

Technavio, a leading provider of market research reports, has released its latest study on Photoresist Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

  • Market Research Overview: The global commodity chemicals market encompasses businesses primarily engaged in the production of industrial and basic chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. This market excludes chemical companies specializing in diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of industrial and basic chemicals. Key growth drivers for the commodity chemicals market include the escalating demand for plastic packaging. Plastic, being the most widely utilized material in the packaging sector worldwide, is witnessing increasing demand due to its lightweight and corrosion-resistant properties. This trend has instigated continuous innovation in the market, leading to the development of advanced plastic packaging materials. - The Photoresist Market is experiencing significant growth, fueled by the Growing demand for electronics. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

  • Major Findings:
    • Growing demand for electronics
    • Advancements in materials
    • Slowdown in semiconductor industry growth
    • Lack of local manufacturing of electronic products
  • Growth Projections

The market size is estimated to grow by USD 952.9 million, at a CAGR of 7.08% during the forecast period. In the realm of advanced manufacturing technologies, direct incident beam lithography (DIBL) emerges as a game-changer, utilizing the "direct-wire" method to generate intricate 3D lithographic patterns of a diverse range of nanomaterials, encompassing metals, semiconductors, insulators, and magnetics. This groundbreaking approach boasts numerous benefits, including its quick and efficient patterning process, versatile writing modes, vast application scope in fields such as magnetics, photonics/plasmonics, 3D electronic structures, and MEMS/NEMS, and the remarkable flexibility and utility it offers in the realm of nano/microfabrication. The evolution of semiconductor and electrical device manufacturing is undergoing a significant transformation, driven by advancements in material technology. The transition from MEMS to bio-NEMS/MEMS is spearheading the development of the most innovative materials for patterning using photoresist and photoresist ancillaries.

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  • Regional Insights

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.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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