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How Global Photoresist & Photoresist Ancillaries Market Players Should Strategize For 2022-2031

27 Apr, 2022

The global photoresist & photoresist ancillaries market size is expected to grow from $3.15 billion in 2021 to $3.49 billion in 2022 at a compound annual growth rate (CAGR) of 10.9%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The photoresist and photoresist ancillaries market is expected to reach $4.48 billion in 2026 at a CAGR of 6.5%.

What is the Global Photoresist & Photoresist Ancillaries Market?

The photoresist & photoresist ancillaries market consists of sales of photoresist & photoresist ancillaries and related services by entities (organizations, sole traders, and partnerships) that manufacture photoresist and photoresist ancillaries which are used in wiring configuration in multi-layered semiconductors for manufacturing laptops, music players, mobile phones, servers and household machines among others. A photoresist is a natural polymer that improves its biochemical structure when exposed to ultraviolet light. Photoresist ancillary materials are used simultaneously with photoresists such as anti-reflective coatings, developers, photoresist strippers and edge bead removers.

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What drives the Global Photoresist & Photoresist Ancillaries Market?

The growing semiconductor sector is expected to propel the growth of the photoresist and photoresist ancillaries market in the coming years. Semiconductors, also known as integrated circuits (ICs) or microchips, are produced from pure elements such as silicon or germanium, as well as compounds like gallium arsenide. Semiconductors are a vital component of electronic equipment, allowing for advancements in communications, computers, healthcare, defense systems, transportation, clean energy, and a variety of other fields. In the manufacture of printed circuit boards (PCBs) and integrated chips, photoresists are being used to identify the circuit elements in the chip or PCB. According to the Semiconductor Industry Association (SIA), global semiconductor industry revenues in May 2021 totaled $43.6 billion, up 26.2% from $34.6 billion in May 2020 and 4.1% higher than $41.9 billion in April 2021. Therefore, the growing semiconductor sector drives the growth of the photoresist and photoresist ancillaries market.

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Global Photoresist & Photoresist Ancillaries Market Segments
The global photoresist & photoresist ancillaries market is segmented:
By Type: ArF Immersion, KrF, ArF Dry, g- and i-line
By Ancillaries Type: Anti-Reflective Coatings, Remover, Developer, Others
By Application: Semiconductors and ICS, LCDs, Printed Circuit Boards, Others
By Geography: The regions covered in the photoresist & photoresist ancillaries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Photoresist & Photoresist Ancillaries Global Market Report 2022provides market size and growth forecasts for the global photoresist & photoresist ancillaries market, global photoresist & photoresist ancillaries market share, photoresist & photoresist ancillaries market segments and geographies, photoresist & photoresist ancillaries market competitive landscape including leading competitors’ revenues, profiles and market shares. The photoresist & photoresist ancillaries market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Photoresist & Photoresist Ancillaries Industry Players include Tokyo Ohka Kogyo Co. Ltd., JSR Corporation, DuPont, Shin-Etsu Chemical Co. Ltd., Sumitomo Chemical Co. Ltd., Fujifilm Electronic Materials, Merck KGaA, Allresist GmbH, Micro Resist Technology GmbH, and Avantor Performance Materials Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.