Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Photoresist Electronic Chemical Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Photoresist Electronic Chemical Market?
The Photoresist Electronic Chemical market has seen a robust growth in recent years. The market size will increase from $11.14 billion in 2024 to $12.01 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.9%.
What Is the Forecasted CAGR for the Photoresist Electronic Chemical Market by 2029?
The Photoresist Electronic Chemical market is predicted to reach a value of $15.75 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.0%.
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What Are the Market Drivers in the Photoresist Electronic Chemical Industry?
The key Drivers in the photoresist electronic chemical market are:
• Surge in the growth of the global electronics industry
• Increasing demand for photoresist electronic chemicals in semiconductor fabrication
• Integral role of photoresist chemicals in microelectronics manufacturing
• Use of photoresist electronic chemicals in photolithography and ion implantation processes
What Is the Segment-Wise Breakdown of the Photoresist Electronic Chemical Market?
The photoresist electronic chemicalmarket covered in this report is segmented –
1) By Type: Positive, Negative
2) By Substrate: Silicon, Glass, Metal, Other Substrates
3) By Application: Semiconductor Manufacturing, Printed Circuit Boards (PCBs), Liquid Crystal Displays(LCD), Micro-Electro-Mechanical Systems (MEMS), Other Applications
4) By End User: Semiconductor Industry, Electronics Industry, Display Industry, MEMS Industry, Other Industries
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Which Emerging Trends Are Driving Growth in the Photoresist Electronic Chemical Sector?
The key trends in the photoresist electronic chemical market are:
• Advancements in dynamic random-access memory (DRAM) technology is one of the significant trends emerging in the photoresist electronic chemicals market.
• The optimization of manufacturing processes through improved photoresist performance is changing the landscape of the market.
• Collaborative partnerships between key companies to develop advanced semiconductor manufacturing technologies, such as dry photoresist and extreme ultraviolet (EUV) lithography, are a notable trend.
• There is an increased focus on research and development for next-generation devices, particularly those relevant to artificial intelligence and mobile technologies.
Which Companies Are Dominating the Photoresist Electronic Chemical Market in Terms of Revenue?
The key players in the photoresist electronic chemical market are:
• BASF SE
• Honeywell International Inc.
• Merck KGaA
• Mitsui Chemicals Inc.
• Hitachi Chemicals Co. Ltd.
• The Dow Chemical Company
• LG Chem Ltd.
• Fujifilm Corporation
• Sumitomo Chemical Co. Ltd.
• Shin-Etsu Chemical Co. Ltd.
• E.I. DuPont
• Air Products And Chemicals Inc.
• Kolon Industries Inc.
• PhiChem Corporation
• Eternal Chemical Co. Ltd.
• JSR Corporation
• Tokyo Ohka Kogyo Co. Ltd.
• Electra Polymers Ltd.
• Ikonics Corp.
• Micro Resist Technology GmbH
• Photo Sciences Inc.
• Jiangsu Kuangshun Photosensitivity New-Material Stock Co. Ltd.
• DJ Microlaminates Inc.
• Allresist GmbH
• AZ Electronic Materials
• Hitech Photopolymere AG
• KemLab Inc.
• Kanto Chemical Co. Inc.
What Are the Regions Driving Demand in the Photoresist Electronic Chemical Market?
North America was the largest region in the photoresist electronic chemical market in 2024
