Boost in the Semiconductor & ICS Market Increasing the Demand for Photoresist
A photoresist is a light-sensitive material, which is applied to a substrate during photolithography or photoengraving to enable the desired pattern to be imaged. A properly exposed and developed photoresist masks portions of the substrate with high precision. Photoresist ancillaries are supporting materials used to improve the efficiency and resolution of the photolithography process. Photoresist is used in semiconductors & ICs, LCDs, printed circuit boards, and others application. This growth of these applications is driving the photoresist market globally.
The global photoresist market 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 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.
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 in the global photoresist market 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.) and others.
These companies engage in research & development activities to innovate and develop products that can open new avenues of applications. For example,
• In May 2017, ALLRESIST GmbH (Germany) launched positive photoresist under the brand name Phoenix 81 to be used in applications with the NanoFrazor of SwissLitho AG.
• In July 2013, Sumitomo Chemical Co, Ltd. (Japan) launched the DyBright series of color photoresist, which contains dyes and improves the brightness of color filters.
•In September 2015, Fujifilm Electronics Materials Co., Ltd. (Japan) acquired Ultra Pure Solutions, Inc. (U.S.), manufacturer of high purity solvent used in semiconductor-related manufacturing processes.
Find Reference for this article on: http://www.prnewswire.com/news-releases/photoresist-market-worth-415-billion-usd-by-2022-638105853.html
The global photoresist market 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.
To Know More, Download PDF Brochure
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.
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 in the global photoresist market 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.) and others.
These companies engage in research & development activities to innovate and develop products that can open new avenues of applications. For example,
• In May 2017, ALLRESIST GmbH (Germany) launched positive photoresist under the brand name Phoenix 81 to be used in applications with the NanoFrazor of SwissLitho AG.
• In July 2013, Sumitomo Chemical Co, Ltd. (Japan) launched the DyBright series of color photoresist, which contains dyes and improves the brightness of color filters.
•In September 2015, Fujifilm Electronics Materials Co., Ltd. (Japan) acquired Ultra Pure Solutions, Inc. (U.S.), manufacturer of high purity solvent used in semiconductor-related manufacturing processes.
Find Reference for this article on: http://www.prnewswire.com/news-releases/photoresist-market-worth-415-billion-usd-by-2022-638105853.html
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