Photoresist Market worth 4.15 Billion USD by 2022
The report "Photoresist Market by Photoresist Type (Arf Immersion, Arf Dry, KrF, I-Line, G-Line), Photoresist
Ancillaries Type (Anti-Reflective Coatings, Remover, Developer), Application, and Region - Global Forecast to
2022", The global photoresist including photoresist ancillaries market was valued at USD 3.01 Billion in 2016 and is
projected to reach USD 4.15 Billion by 2022, at a CAGR of 5.5% from 2017 to 2022. The market is driven by
increase in demand for photoresist from various application segments, such as semiconductors & ICs, LCDs,
printed circuit boards, and for other applications, such as, MEMs, NEMs, and sensors.
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Semiconductors & ICs is estimated to be the largest application segment of the global photoresist market
Among applications, the semiconductors & ICs segment is estimated to lead the global photoresist market during
the forecast period. Photoresist is used in the electronics industry, particularly in semiconductors & ICs, and
printed circuit board designs. ICs are used in a large number of electronics devices, including smartphones, mobile
devices, PCs & laptops, tablets, and advanced gaming devices. Photoresist is a thin layer used to transfer a circuit
pattern to the semiconductor substrate, which it is deposited upon. The increase in demand for wearable devices
and consumer electronics act as key growth drivers for photoresist market.
Based on type, the ArF immersion is projected to be the fastest-growing segment of the global photoresist
market
The ArF immersion technology is widely used in Large Scale Integration (LSI) circuits. The narrow wavelength of ArF
light source and increased refractive index due to immersion assist photoresist users in meeting their needs of
miniaturizing products with improved performance. The demand for ArF immersion photoresist is growing due to
its unique properties, such as narrow wavelength, which prevents spreading of light.
Asia-Pacific accounted for the largest share of the global photoresist market in 2016. Currently, Taiwan is the
largest market for photoresist in the Asia-Pacific region and is expected to continue its dominance during the
forecast period. In China and Japan, the demand for photoresist is expected to increase due to the growing
electronics industry and rapid economic expansion. In addition, population growth in these countries serves as a
huge customer base for the manufacturers of photoresist.
Key companies profiled in the global photoresist market report include The Dow Chemical Company (U.S.), E.I. Du
Pont de Nemours (U.S.), Fujifilm Electronics Materials Co., Ltd. (Japan), JSR Corporation (Japan), TOKYO OHKA
KOGYO Co., LTD. (Japan), Shin-Etsu Chemical Co. Ltd. (Japan), Sumitomo Chemicals Co., Ltd. (Japan), Merck AZ
Electronics Materials (Germany), and Microchemicals GmbH (Germany), ALLRESIST GmbH (Germany), Avantor
Performance Materials, LLC (U.S.).