Photoresist & Photoresist Ancillaries Global Market Report 2024

A photoresist is a natural polymer that improves its biochemical structure when exposed to ultraviolet light. Photoresist ancillary materials are used simultaneously with photoresists such as anti-reflective coatings, developers, photoresist strippers, and edge bead removers. Photoresist & photoresist ancillaries are used in wiring configuration in multi-layered semiconductors for manufacturing laptops, music players, mobile phones, servers, and household machines among others.

The main types of photoresist and photoresist ancillaries are ArF immersion, KrF, ArF Dry, g- and i-line. ArF immersion uses the wavelengths for patterning critical layers during IC production and for multi-patterning applications that support the advanced semiconductor production nodes. The different type of ancillaries includes anti-reflective coatings, remover, developer, others and is used in semiconductors and ICS, LCDs, printed circuit boards, others.

The photoresist and photoresist ancillaries market research report is one of a series of new reports that provides photoresist and photoresist ancillaries market statistics, including photoresist & photoresist ancillaries industry global market size, regional shares, competitors with a photoresist and photoresist ancillaries market share, detailed photoresist and photoresist ancillaries market segments, market trends and opportunities, and any further data you may need to thrive in the photoresist & photoresist ancillaries industry. This photoresist and photoresist ancillaries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The photoresist & photoresist ancillaries market size has grown strongly in recent years. It will grow from $3.86 billion in 2023 to $4.15 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to semiconductor manufacturing and lithography, growth in the electronics and microelectronics industries, advancements in photolithography technology, development of high-resolution displays, and the expansion of printed circuit board production.

The photoresist & photoresist ancillaries market size is expected to see strong growth in the next few years. It will grow to $5.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to extreme ultraviolet (EUV) lithography adoption, growth in flexible electronics and OLED displays, sustainable and environmentally friendly resists, increased use in photomask production, and research and development in quantum computing. Major trends in the forecast period include high-resolution and multi-layer photoresists, double patterning and directed self-assembly, EUV resist and mask materials, bio-based and biodegradable photoresists, and resist for advanced packaging technologies, as well as regulatory compliance in semiconductor materials.

The anticipated growth in the semiconductor sector is poised to drive the expansion of the photoresist and photoresist ancillaries market in the coming years. Semiconductors, also known as integrated circuits (ICs) or microchips, play a crucial role in various electronic applications, enabling advancements in fields such as communications, computers, healthcare, defense systems, transportation, and clean energy. In the manufacturing of printed circuit boards (PCBs) and integrated chips, photoresists are utilized to define the circuit elements, contributing to the identification and formation of the circuit. For example, The Semiconductor Industry Association (SIA) reported a 3.3% increase in semiconductor sales, reaching $574.1 billion in 2022 compared to $555.9 billion in 2021. Thus, the burgeoning semiconductor sector is a key driver for the growth of the photoresist and photoresist ancillaries market.

The projected increase in demand for consumer electronics is expected to be a driving force for the photoresist and photoresist ancillaries market. Consumer electronics, designed for everyday use in households, utilize photoresist and photoresist ancillaries in the PCB manufacturing process. These materials play a crucial role in creating conductive pathways and insulating layers to connect and coordinate electronic components. In 2022, LG, a South Korea-based consumer electronics company, reported its highest annual revenue ever, with a 12.9% increase from 2021, reaching $22.5 billion for LG Home Appliance & Air Solution Company. This underscores the escalating demand for consumer electronics, contributing to the growth of the photoresist and photoresist ancillaries market.

Leading companies in the photoresist and photoresist ancillaries market are focusing on innovation, introducing advanced electronic resins like CYCLOTENE to cater to customer needs. CYCLOTENE, launched by DuPont de Nemours, Inc. in December 2022, serves as a series of advanced electronic resins used as photo-imageable dielectrics in thin film microelectronics applications. Specifically designed for semiconductor packaging in high-performance applications such as 5G and artificial intelligence (AI), CYCLOTENE offers performance and thermal stability, enabling high-density interconnects and fine-pitch circuitry.

Strategic partnerships are a notable approach adopted by major companies in the photoresist and photoresist ancillaries market to enhance the distribution of photoresist. This collaborative strategy involves leveraging each other's strengths and resources to achieve mutual benefits and success. For instance, DuPont Interconnect Solutions, a part of DuPont's Electronics & Industrial (E&I) business segment, partnered with YMT, a Korean printed circuit board materials manufacturer, in September 2023. This partnership aims to enhance the distribution and service of Riston Dry Film Photoresist in Korea by combining DuPont's expertise in circuit imaging materials with YMT's local network.

In November 2021, DuPont de Nemours Inc. partnered with Kempur Microelectronics Inc. in China to develop advanced materials for the semiconductor industry, specifically for microlithography. This partnership aims to strengthen DuPont's position in supplying materials for microlithography in China, leveraging Kempur Microelectronics Inc.'s expertise as a China-based photoresist manufacturer.

Major companies operating in the photoresist & photoresist ancillaries market include Tokyo Ohka Kogyo Co. Ltd., JSR Corporation, DuPont de Nemours Inc., Shin-Etsu Chemical Co. Ltd., Sumitomo Chemical America Inc., FUJIFILM Hunt Chemicals U.S.A. Inc., Merck KGaA, Allresist GmbH, Micro Resist Technology GmbH, Avantor Performance Materials Inc., KemLab Inc., DJ MicroLaminates, LG Chem Ltd., The Dow Chemical Company, AZ Electronic Materials, Sumika Electronic Materials Inc., Brewer Science Inc., Chemtronics, Dynaloy LLC, EMD Performance Materials, Entegris Inc., KMG Chemicals Inc., Photronics Inc., E. I. du Pont de Nemours and Company

Asia-Pacific was the largest region in the photoresist and photoresist ancillaries market in 2023. North America was the second-largest region in the photoresist and photoresist ancillaries market share during the forecast period. The regions covered in the photoresist and photoresist ancillaries market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the photoresist and photoresist ancillaries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The photoresist and photoresist ancillaries market consists of sales of argon fluoride (ArF) Immersion photoresist, krypton fluoride (KrF) photoresist, and other photoresist & photoresist ancillaries. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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