According to The Insight Partners’ research, the global photoresist and photoresist ancillaries market was US$ 3,393.0 million in 2018 and is projected to reach US$ 5,614.4 million by 2027; it is anticipated to grow at a CAGR of 5.8% from 2019 to 2027. Growth in the semiconductor industry and the increasing demand from numerous applications are the prominent factors leading toward market expansion.

An increasing demand for several applications such as semiconductors and ICs, LCDs, and printed circuit boards is boosting the market growth worldwide. One of the primary growth factors for the photoresist and photoresist ancillaries market is their use in flat-panel displays. These displays are lighter, thinner, and more energy-efficient, thus preferred over other displays. Additionally, photoresists are used in wiring configuration in multi-layered semiconductor manufacturing, which forms a crucial part of laptops, computers, music players, phones, servers, and household appliances. Thus, increasing demand for these products in the electronics industry has propelled the photoresist and photoresist ancillaries market growth.

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Photoresists are the light-sensitive polymeric resins that are mainly used in the production of printed circuit boards, printing plates, flat-panel liquid crystal displays, magnetic recording heads, and micro electromechanical systems (MEMS). These components serve as masking materials for the transferal of images into an underlying substrate via etching processes. Photoresist ancillaries are materials such as photoresist strippers, anti-reflective coatings, developers, and edge bead removers used along with photoresist. The photoresists and photoresist ancillaries are used in wiring configuration in multi-layered semiconductors for manufacturing computers, laptops, music players, phones, servers, and household appliances. The electronic industry is facing steady growth in the developed and developing countries. The companies operating in this field manufacture products such as advanced telephones, computer systems, televisions and home entertainment equipment, and electronic control and monitoring devices used in many industrial and scientific applications, and in these electronic products the photoresist and photoresist ancillaries are used by the manufacturers.

MERCK KGaA, Sumitomo Chemical Co., Ltd, TOKYO OHKA KOGYO CO., LTD, Micro Resist Technology GmbH, Shin-Etsu Chemical Co., Ltd, ALLRESIST GmbH, DJ Microlaminates, Inc, DuPont de Nemours, Inc, DuPont de Nemours, Inc, and JSR Corporation are some of the well-established players present in the global photoresist and photoresist ancillaries market.

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