The Photoresist And Photoresist Ancillaries Global Market Report 2023 by The Business Research Company, provides photoresist and photoresist ancillaries market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Photoresist And Photoresist Ancillaries Global Market Report 2023, the market size grew from $3.54 billion in 2022 to $3.88 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global photoresist and photoresist ancillaries is expected to grow to $5.25 billion in 2027 at a CAGR of 7.9%.
The growing semiconductor sector is expected to propel the growth of the photoresist and photoresist ancillaries market in the coming years. Semiconductors, also known as integrated circuits (ICs) or microchips, are produced from pure elements such as silicon or germanium, as well as compounds like gallium arsenide. Semiconductors are a vital component of electronic equipment, allowing for advancements in communications, computers, healthcare, defense systems, transportation, clean energy, and a variety of other fields. In the manufacture of printed circuit boards (PCBs) and integrated chips, photoresists are being used to identify the circuit elements in the chip or PCB.
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The photoresist and photoresist ancillaries market is segmented:
1) By Type: ArF Immersion, KrF, ArF Dry, g- and i-line
2) By Ancillaries Type: Anti-Reflective Coatings, Remover, Developer, Other Ancillaries Types
3) By Application: Semiconductors And ICS, LCDs, Printed Circuit Boards, Other Applications
The expansion of production facilities is a key trend gaining popularity in the photoresist and photoresist ancillaries market. Major companies operating in the photoresist and photoresist ancillaries sector are focused on building new production facilities to meet the increased demand and strengthen their position in the industry. For instance, in December 2020, SK Materials, a South Korea-based Industrial gases company has opened a new production facility to develop and promote localized production of semiconductor raw materials such as photoresist and hard masks. The main objective of the company is to generate 50,000 gallons of photoresist per year from 2022.
The photoresist and photoresist ancillaries market report table of contents includes:
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