The global photoresist and photoresist ancillaries market size is projected to grow from USD 3.3 billion in 2020 to USD 4.2 billion by 2025, at a CAGR of 4.8% between 2020 and 2025. The growth of the market is attributed to increasing demand for high-end semiconductors chip or ICs for applications such as nano-devices, IoT, 5G, and artificial intelligence.
The huge market acceptance of nanotechnology has contributed to the shift toward MEMS & NEMS devices. The use of nanodevices is gaining momentum at the global level due to their smaller size, lower weight, lower power consumption, and cheaper fabrication costs. Moreover, the commercialization of such devices has boosted the market potential for photoresist and photoresist ancillaries with various technological advancements. For instance, Intel is moving rapidly toward the adoption of new technology based on 20nm from 28nm. This is expected to propel the demand for photoresist and photoresist ancillaries in the semiconductor industry.
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“Semiconductors & ICs application is expected to be the largest application in the photoresist and photoresist ancillaries market.”
Semiconductors are the devices made from materials that conduct under specific conditions. ICs are the smaller version of circuit boards consisting of thousands of small electronic components such as resistors, capacitors, and transistors. ICs are used in numerous electronic devices, including smartphones, mobile devices, PCs & laptops, tablets, and advanced gaming devices. The continuously increasing demand for the cutting edge chips and ICs due to the upcoming trends such as 5G, AI, and IoT is driving the market for photoresist and photoresist ancillaries in this application.
- In July 2020, Tokyo Ohka Kogyo (TOK) advanced materials announced that it had started the production of extreme ultraviolet (EUV) in its facility at Songdo, Incheon. The step has been taken to serve Samsung electronics as it has increased the use of EUV based lithography for chip production
- In February 2020, JSR Corporation invested in Inpria Corporation by joining the company’s Series C funding round designed to promote its initiatives for commercializing EUV (Extreme Ultraviolet) photoresist.
APAC is projected to have the largest share in the global photoresist and photoresist ancillaries from 2020 to 2025. The growing production of high-end semiconductor chips & ICs and growth in the demand for sensors in countries like Taiwan, China, Japan, and South Korea is driving the market in this region.
The key companies profiled in the photoresist and photoresist ancillaries market report are Tokyo Ohka Kogyo Co., Ltd (Japan), JSR Corporation (Japan), DuPont (US), Shin-Etsu Chemical Co., Ltd (Japan), Fujifilm Corporation (Japan), Sumitomo Chemical Co., Ltd. (Japan), ALLRESIST (Germany), Merck Group (Germany), Micro Resist Technology (Germany), and DJ MicroLaminates (US).
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