Global Photoresist & Photoresist Ancillaries Market is expected to grow at a CAGR of 6.5% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Photoresist & Photoresist Ancillaries Market By Application (LCDs, Printed Circuit Boards, Semiconductors & ICS, others), Photoresist Type (ArF Immersion, KrF, ArF Dry, G-Line & I-Line), Photoresist Ancillaries Type (Remover, Anti-Reflective Coating, Developer, Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, And Forecast 2020 to 2027.
The Global Photoresist & Photoresist Ancillaries market is expected to grow from USD 4.23 billion in 2019 to USD 7.01 billion by 2027, at a CAGR of 6.5% during the forecast period 2020-2027. Asia Pacific has the highest share and is the fastest-growing market. In terms of value. The growth in this region is due to increased demand of IC manufactures, which are looking for products that helps them to make complex chips. The new coming technologies like %G, IoT, and AI creates the demand for more complex chips and ICs.
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The major player includes Sumitomo chemical co., the Dow Chemical Company, ALLRESIST, Tokyo Ohka Kogyo co., DuPont, Fujifilm corp., Merck Group, DJ MicroLaminates, JSR Corp., Shin-Etsu chemical co. The Dow company is trying to increase its market share by R&D, it has set up a center in South Korea for quicker response to changing dynamics in industry. Tokyo Ohka Kogyo company completed its expansion of production facility in Japan. JSR corp. and PERI corp. announced a strategic partnership to strengthen its position in south korea companies.
The application segment includes LCDs, Printed Circuit Boards, semiconductors & ICS and others. Semiconductors and ICS has the major share in the market share amongst these. PCBs also has an important share in the market. The photoresist segment includes ArF Immersion, KrF, ArF dry and G-Line & I-Line. I-Line is the fastest-growing segment and ArF immersion is used for manufacturing nano and micro scale electronics components and has an important share of the market. The photoresist ancillaries segment includes Remover, Anti-Reflective Coating, Developer and Others. Anti-Reflective coating segment holds to be the largest type of photoresist ancillaries in the whole market, due to its characteristics like high resolution and prevention of light spreading.
The increase in demand for memory chips, LCDs, Game devices, miniaturized semiconductor, printed circuit boards, and high-speed servers are predicted to drive the market. Whereas, the high cost as it requires special equipment and time-consuming process of photoresist can be a major restraining factor for this market.
About the report:
The global Photoresist & Photoresist Ancillaries market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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