Photoresist market size to grow by USD 785.86 million between 2021 and 2026; Growth driven by increasing demand for electronics - Technavio

NEW YORK, April 4, 2023 /PRNewswire/ -- The global photoresist market size is estimated to increase by USD 785.86 million between 2021 and 2026. The market's growth momentum will be progressing at a CAGR of 5.96% during the forecast period. The market is driven by the growing demand for electronics. Technological advances have increased the quality and performance of electronic devices. The use of technologies such as 3D printing, drones, claytronics, aerogel, and conductive polymers has made the production process faster, simpler, and cost-effective. This has led to an increase in the production of electronic devices, which is subsequently increasing the use of flat panel displays such as LCDs, LEDs, and plasma displays. As a result of these factors, the demand for photoresist materials is expected to increase during the forecast period. Discover some insights on market size before buying the full report - Request a sample report

Global Photoresist Market – Vendor Analysis
The global photoresist market is concentrated. The market comprises several global and regional vendors. Key players have a vast geographical presence with large facilities. They focus on increasing their capacities to ensure smooth and easy access to fast-growing emerging markets, such as China, India, and other Southeast Asian countries. They also compete in terms of innovation, price, operating cost, and product quality. Some of the key players covered in the report include:

• Allresist GmbH - The company offers photoresists for the electronics, construction, and cosmetics industries.
• DuPont de Nemours Inc - The company offers photoresists such as SPR 3, SPR 700, and MCPR.
• FUJIFILM Holdings Corp. - The company offers photoresists such as Arf, Krf, and negative.
• JSR Corp. - The company offers photoresists such as Arf immersion, JSR KrF, and JSR I line.
• AGC Inc.
• Applied Materials Inc.
• DJ MicroLaminates Inc.
• Everlight Chemical Industrial Corp.
• Jingrui Electronic Materials Co. Ltd.
• 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.
• TOKYO OHKA KOGYO Co. Ltd.

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Global Photoresist Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on type (ArF photoresist, KrF photoresist, G-line and I-line photoresist, and EUV photoresist) and geography (APAC, North America, Europe, South America, and the Middle East and Africa).

• The market growth in the ArF photoresist segment will be significant over the forecast period. The introduction of double patterning technique in ArF immersion lithography is identified as one of the key factors driving the growth of the segment. The decreasing size of electronic components and increasing complexity in the design of IC are driving the growth of the segment.

Geography Overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global photoresist market.

• APAC will account for 63% of the market growth during the forecast period. APAC is the largest consumer of semiconductor devices and contributes to more than 50% of the total revenue of the semiconductor industry. The region is home to several prominent electronic device manufacturers such as SAMSUNG, Sony, LG Electronics, TOSHIBA, Lenovo, Huawei Technologies, FUJITSU, and Panasonic. In addition, the increasing availability of low-cost smartphones and the demand for technologically advanced products are driving the growth of the regional market.

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Global Photoresist Market – Market Dynamics

Key Trends – 

Advancements in material technology is identified as the major trend in the market. Direct wire technology is a new approach that is adopted in the electronic industry. It uses direct incident beam lithography to create 3D lithographic patterns in a variety of nanoparticle materials, including metal, semiconductor, insulator, and magnetic materials. Some of the advantages of direct incident lithography are quick and easy patterning, a variety of writing modes, a wide range of applications, and great flexibility and utility in nano/microfabrication. Besides, the transition from MEMS to bio-NEMS/MEMS is controlling the innovation of the most cutting-edge materials for patterning employing photoresist and photoresist ancillaries. As a result, the market for photoresists and related products will have countless prospects with the commercialization of such materials and technologies.

Major challenges – 

The slowdown in the growth of the semiconductor industry is identified as the major challenge in the market. Fluctuations in the consumer demand for electronic devices and the shortage of skilled workforce have affected the profitability of manufacturing companies worldwide. The rising trade war between the US and China and the impact of the COVID-19 pandemic have significantly affected the growth of the global semiconductor industry. These unfavorable scenarios have directly impacted the CAPEX in manufacturing facilities. This is negatively affecting the demand for all types of photoresist materials.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this photoresist market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the photoresist market between 2022 and 2026
• Precise estimation of the size of the photoresist market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the photoresist market industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of photoresist market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments 
• Exhibit 24: Chart on Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

• 5.2 Comparison by Type 
• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 ArF photoresist - Market size and forecast 2021-2026
• Exhibit 28: Chart on ArF photoresist - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on ArF photoresist - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on ArF photoresist - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on ArF photoresist - Year-over-year growth 2021-2026 (%)

• 5.4 KrF photoresist - Market size and forecast 2021-2026
• Exhibit 32: Chart on KrF photoresist - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on KrF photoresist - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on KrF photoresist - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on KrF photoresist - Year-over-year growth 2021-2026 (%)

• 5.5 G-line and I-line photoresist - Market size and forecast 2021-2026 
• Exhibit 36: Chart on G-line and I-line photoresist - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on G-line and I-line photoresist - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on G-line and I-line photoresist - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on G-line and I-line photoresist - Year-over-year growth 2021-2026 (%)

• 5.6 EUV photoresist - Market size and forecast 2021-2026
• Exhibit 40: Chart on EUV photoresist - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on EUV photoresist - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on EUV photoresist - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on EUV photoresist - Year-over-year growth 2021-2026 (%)

• 5.7 Market opportunity by Type 
• Exhibit 44: Market opportunity by Type ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 46: Chart on Market share by geography 2021-2026 (%)
• Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 48: Chart on Geographic comparison
• Exhibit 49: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 US - Market size and forecast 2021-2026
• Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026
• Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 South Korea - Market size and forecast 2021-2026
• Exhibit 82: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on South Korea - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

• 7.12 Germany - Market size and forecast 2021-2026
• Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 91: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 93: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 94: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 95: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 96: Matrix on vendor position and classification

• 10.3 Allresist GmbH 
• Exhibit 97: Allresist GmbH - Overview
• Exhibit 98: Allresist GmbH - Product / Service
• Exhibit 99: Allresist GmbH - Key offerings

• 10.4 DuPont de Nemours Inc 
• Exhibit 100: DuPont de Nemours Inc - Overview
• Exhibit 101: DuPont de Nemours Inc - Business segments
• Exhibit 102: DuPont de Nemours Inc - Key offerings
• Exhibit 103: DuPont de Nemours Inc - Segment focus

• 10.5 FUJIFILM Holdings Corp. 
• Exhibit 104: FUJIFILM Holdings Corp. - Overview
• Exhibit 105: FUJIFILM Holdings Corp. - Business segments
• Exhibit 106: FUJIFILM Holdings Corp. - Key news
• Exhibit 107: FUJIFILM Holdings Corp. - Key offerings
• Exhibit 108: FUJIFILM Holdings Corp. - Segment focus

• 10.6 JSR Corp. 
• Exhibit 109: JSR Corp. - Overview
• Exhibit 110: JSR Corp. - Business segments
• Exhibit 111: JSR Corp. - Key offerings
• Exhibit 112: JSR Corp. - Segment focus

• 10.7 LG Chem Ltd. 
• Exhibit 113: LG Chem Ltd. - Overview
• Exhibit 114: LG Chem Ltd. - Business segments
• Exhibit 115: LG Chem Ltd. - Key news
• Exhibit 116: LG Chem Ltd. - Key offerings
• Exhibit 117: LG Chem Ltd. - Segment focus

• 10.8 Merck KGaA 
• Exhibit 118: Merck KGaA - Overview
• Exhibit 119: Merck KGaA - Business segments
• Exhibit 120: Merck KGaA - Key news
• Exhibit 121: Merck KGaA - Key offerings
• Exhibit 122: Merck KGaA - Segment focus

• 10.9 Mitsui Chemicals Inc. 
• Exhibit 123: Mitsui Chemicals Inc. - Overview
• Exhibit 124: Mitsui Chemicals Inc. - Business segments
• Exhibit 125: Mitsui Chemicals Inc. - Key offerings
• Exhibit 126: Mitsui Chemicals Inc. - Segment focus

• 10.10 Shin Etsu Chemical Co. Ltd. 
• Exhibit 127: Shin Etsu Chemical Co. Ltd. - Overview
• Exhibit 128: Shin Etsu Chemical Co. Ltd. - Business segments
• Exhibit 129: Shin Etsu Chemical Co. Ltd. - Key offerings
• Exhibit 130: Shin Etsu Chemical Co. Ltd. - Segment focus

• 10.11 Sumitomo Chemical Co. Ltd. 
• Exhibit 131: Sumitomo Chemical Co. Ltd. - Overview
• Exhibit 132: Sumitomo Chemical Co. Ltd. - Business segments
• Exhibit 133: Sumitomo Chemical Co. Ltd. - Key offerings
• Exhibit 134: Sumitomo Chemical Co. Ltd. - Segment focus

• 10.12 TOKYO OHKA KOGYO Co. Ltd. 
• Exhibit 135: TOKYO OHKA KOGYO Co. Ltd. - Overview
• Exhibit 136: TOKYO OHKA KOGYO Co. Ltd. - Product / Service
• Exhibit 137: TOKYO OHKA KOGYO Co. Ltd. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 138: Inclusions checklist
• Exhibit 139: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 140: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 141: Research methodology
• Exhibit 142: Validation techniques employed for market sizing
• Exhibit 143: Information sources

• 11.5 List of abbreviations 
• Exhibit 144: List of abbreviations

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