The demand for Photoresist Chemicals has been showing an impressive year-on-year increase, and this trend is expected to continue over our forecast period

The recent study on the photoresist chemicals market covers in-depth analysis of the market on the basis of type, application, and geography. The report also covers the country level analysis within the regions as well. The report titled, “Photoresist Chemicals Market – Forecasts from 2018 to 2023”, also covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. The report has segmented the photoresist chemicals market by type (positive photoresist, a negative photoresist), application (etching, photolithography, microelectronics, sand carving, others), and geography (North America, South America, Europe, Middle East and Africa, Asia Pacific). The photoresist is a light-sensitive material used in several processes such as photolithography and photoengraving to form a patterned coating on a surface, and it is composed of adhesive agents, sensitizers and solvents. Photoresists have emerged as core materials in the semiconductor and electronics industry owing to the burgeoning trend of microfabrication. Rising demand for photoresists from the semiconductor and liquid crystal display (LCD) sector is driving the photoresist chemicals market growth. According to Japan Electronics and Information Technology Industries Association (JEITA), the global semiconductor and IC production has increased from US$639.240 billion in 2015 to US$744.02 billion in 2017. Thus, the photoresist chemicals market is expected to grow at a good rate owing to the rising trend of microfabrication and growing semiconductor production.

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Positive photoresist holds a significant share in the market

Though both positive and negative photoresists are used in the semiconductor manufacturing industry, the share of positive photoresist is relatively more owing to the increasing preference of semiconductor suppliers towards positive photoresists due to their high-resolution capabilities.

Photolithography holds a major share in the market

Photolithography holds a major share in the market in 2017 and is expected to grow at a good CAGR owing to the increasing use of this technique in IC fabrication, liquid crystal displays, and electronic components production. The increasing trend for miniaturization in electronic products will further bolster the demand for photolithography and thus photoresist chemicals in the upcoming years.

The Asia Pacific holds a major share in the market and is expected to grow at a good rate in the forecast period.

The Asia Pacific photoresist chemicals market holds a major share in the market is owing to the presence of a majority of the semiconductor and electronics industries in the countries such as South Korea, Taiwan, and China. Rapid urbanization is playing a crucial role in the rising demand for electronic products in the region. The market is expected to grow at a good CAGR owing to the burgeoning need for LCDs, electronic products such as smartphones, tablets, PCs, etc. in the region.

Some of the major players discussed in the reports are TOKYO OHKA KOGYO CO., LTD., FUJIFILM Corporation, JSR Corporation, Shin-Etsu Chemical Co., Ltd., Sumitomo Chemical Co., Ltd., The Dow Chemical Company, ALLRESIST GmbH, and HONSHU CHEMICAL INDUSTRY CO., LTD.

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