Global Photoresist & Photoresist Ancillaries Market was valued at US $ 3.9 Billion in 2022 and is expected to reach US $ 5.8 Billion by 2030 growing at a CAGR of 5.1% during the forecast period 2023 – 2030.
The Photoresists and Photoresist Ancillaries Market stands as an indispensable segment within the semiconductor and electronics industry, furnishing the crucial substances and chemical compounds essential for the meticulous patterning of electronic elements. At its core are photoresists, which are light-sensitive materials that facilitate the transfer of intricate designs onto semiconductor wafers, photomasks, and diverse substrates. These materials exist in various forms, encompassing both positive and negative photoresists, each meticulously crafted to suit specific applications within sectors such as semiconductor manufacturing, display technologies, microelectronics, and photovoltaics.

In parallel with photoresists, ancillary products play a pivotal role in the photolithography process. These supplementary materials encompass anti-reflective coatings (ARCs), developers, edge-bead removers, and an array of chemicals meticulously formulated to enhance the precision and quality of pattern transfer. The market's significance lies in its capacity to meet the escalating demand for high-performance electronic components and displays, a need that intensifies as industries progress, necessitating finer details and enriched functionality. As an arena characterized by high competitiveness and adaptability, it continues to occupy a central position in driving technological innovation within the domains of electronics and semiconductors.

Some of the benefits of designing a Photoresist & Photoresist Ancillaries include:

• Precise Patterning: Photoresists play a pivotal role in achieving exact and intricate patterns on electronic components, ensuring the accurate transfer of designs and circuitry onto various substrates. This precision is indispensable for guaranteeing the optimal functionality and performance of semiconductor devices and advanced displays.
• Advancing Semiconductor Manufacturing: Within the semiconductor industry, this market contributes significantly to the production of progressively advanced and miniaturized electronic components. This advancement is critical to meet the escalating demand for high-performance chips that power an extensive array of devices, ranging from smartphones to robust data center systems.
• Driving Display Innovation: Photoresists serve as a linchpin in the evolution of cutting-edge display technologies like OLED, microLED, and mini-LED. These revolutionary technologies heavily rely on the meticulous patterning capabilities offered by photoresists to achieve exceptional image clarity and create energy-efficient displays.

COVID -19 Impact

The COVID-19 pandemic had a substantial impact on the Photoresists and Photoresist Ancillaries Market, affecting various aspects of the industry. One significant disruption was the interruption of global supply chains. Lockdowns, restrictions, and transportation challenges disrupted the flow of raw materials and critical components required for photoresist production. Manufacturers faced delays in procuring essential supplies, leading to potential bottlenecks in their production processes. These disruptions highlighted the industry's vulnerability to external shocks and emphasized the need for supply chain resilience. Manufacturing operations also faced considerable challenges during the pandemic. Many regions imposed strict lockdown measures, affecting production facilities' capacity and output. Manufacturers had to navigate complex logistics to ensure the safety of their workforce, implement social distancing measures, and adapt to remote work arrangements. These operational adjustments sometimes led to production slowdowns or stoppages, impacting the timely delivery of photoresist products to customers.

The demand for photoresists and ancillary products experienced fluctuations due to the pandemic's varied effects on different industries. On one hand, the increased need for home office equipment, such as laptops, tablets, and communication devices, led to a surge in demand for semiconductor components and, by extension, photoresists. These components are vital for manufacturing the electronic devices that facilitate remote work and digital communication.

Conversely, other sectors like automotive and industrial applications witnessed reduced demand during the pandemic, affecting the semiconductor and photoresist market segments catering to these industries. Economic uncertainty caused businesses and consumers to cut back on discretionary spending, impacting the willingness to invest in new electronic devices and, consequently, the demand for semiconductor components. Furthermore, the pandemic accelerated the digital transformation across various industries. The shift to remote work, increased reliance on e-commerce, and the expansion of cloud computing and data centers drove the need for advanced semiconductor technologies and photoresists. These technologies underpin the infastructure required for remote work, digital communication, and data storage.

Factors Driving the Market

Drivers

Growing demand for electronic devices

The Photoresists and Photoresist Ancillaries Market is experiencing robust growth, primarily driven by the soaring demand for electronic devices. This demand surge is underpinned by several key factors, notably the continually evolving landscape of consumer electronics. The market is flooded with a constant stream of smartphones, tablets, laptops, and smart gadgets, each offering enhanced sophistication and functionality. As these electronic devices become more advanced, there arises a parallel need for cutting-edge semiconductor components to power them. Consequently, semiconductor manufacturing, a process heavily reliant on photoresists and ancillaries within the photolithography stage, is witnessing a substantial uptick in activity.

Over time, manufacturers have continually innovated and revitalized both existing and new consumer electronics (CE) devices. Today, the consumer electronics industry has evolved into a multibillion-dollar juggernaut, offering a diverse range of interconnected devices and services. The sector is characterized by intense competition, as emerging companies continually enter the market to challenge established giants like Apple and Sony. Recent events have left their mark on the industry's trajectory. While the pandemic's demand for entertainment and home office equipment provided a boost, challenges like the Russia-Ukraine conflict, supply chain disruptions, and economic recessions have cast shadows over the sector. Manufacturers grappled with escalating material and labor costs, while consumers exhibited reduced willingness to invest in new devices. In 2022, all segments of the consumer electronics market experienced fluctuations in both revenues and shipments. For comprehensive insights into this dynamic industry, including market size, shipments, market leaders, and the latest trends, Statista offers valuable resources.

Increasing Use in Displays

The Photoresists and Photoresist Ancillaries Market is experiencing remarkable growth, thanks to the increasing utilization of these materials in displays. This surge in demand can be attributed to the rapid evolution of display technologies, such as OLED, microLED, and mini-LED, which require intricate patterning and high-resolution capabilities achievable through specialized photoresist materials. Additionally, the demand for displays with higher pixel densities and sharper images, across a range of devices from smartphones to televisions, further propels the use of photoresists for precise photolithography processes. The trend towards miniaturization in electronic devices and the rise of flexible and foldable displays also rely heavily on photoresist technologies. Emerging applications like automotive heads-up displays and augmented reality devices, coupled with consumer expectations for superior display performance, contribute to the growing significance of photoresists. Furthermore, the drive for energy-efficient and environmentally friendly displays cements the integral role of photoresists in this dynamic market.

Challenges

High Production Costs

The high production costs of Photoresists and Photoresist Ancillaries can indeed exert a substantial impact on the growth dynamics of this market. These elevated production expenses often translate into increased product prices, dissuading potential customers, particularly in price-sensitive market segments. Furthermore, manufacturers grappling with high production costs may face the challenge of maintaining competitive pricing and preserving profit margins. As a consequence, they might encounter limitations in their ability to tap into new markets, thereby constraining opportunities for market expansion. Moreover, these cost pressures can divert resources away from critical research and development endeavors, potentially hampering innovation in photoresist technologies and ancillary products. Consequently, addressing production costs is pivotal for sustaining competitiveness and fostering growth in the Photoresists and Photoresist Ancillaries Market.

Trends

Supportive government policies and investments in semiconductor

Supportive government policies and investments in semiconductor manufacturing are integral to a nation's economic development and technological progress. Such policies stimulate economic growth by creating high-value jobs and attracting investment. Moreover, they drive innovation by facilitating research and development initiatives in semiconductor materials, manufacturing processes, and chip design. By nurturing a competitive domestic semiconductor industry, governments enhance their nation's global competitiveness, ensuring it plays a vital role in the supply chain of critical electronic components. These investments also contribute to national security by reducing reliance on foreign sources for essential technologies, making them strategically important. Furthermore, incentives for education and workforce development ensure a skilled talent pool, reinforcing the industry's sustainability and resilience.

For instance, The "Semicon India Future Design: Design-Linked Incentive (DLI) Scheme" extends financial incentives and design infrastructure support across various phases of semiconductor design development and implementation, encompassing Integrated Circuits (ICs), Chipsets, System on Chips (SoCs), Systems & IP Cores, and design linked to the semiconductor industry. Under this scheme, eligible applicants can avail a "Product Design Linked Incentive" of up to 50% of their eligible expenditure, with a maximum cap of ₹15 Crore per application. Additionally, a "Deployment Linked Incentive" ranging from 6% to 4% of net sales turnover over a span of 5 years is available, with a maximum limit of ₹30 Crore per application. Furthermore, the government has also sanctioned the modernization of the Semi-Conductor Laboratory in Mohali, transforming it into a brownfield Fab. On the other side, In July 2022, Congress enacted the CHIPS Act of 2022 with the aim of bolstering domestic semiconductor manufacturing, design, and research. This legislation serves the dual purpose of strengthening the U.S. economy and national security while also shoring up the nation's chip supply chains.  Over the years, the percentage of modern semiconductor manufacturing capacity situated within the United States has dwindled, declining from 37% in 1990 to a mere 12% today. This decline can largely be attributed to the substantial investments made by other countries' governments in chip manufacturing incentives, while the U.S. government's involvement in this regard has been limited. Simultaneously, federal investments in chip research have remained stagnant as a proportion of GDP, while other nations have substantially increased their commitments to research initiatives.

Market Segmentation

By Photoresist Type

• The G- line segment dominated the Photoresist & Photoresist Ancillaries market in 2022.
• The i-line segment is the fastest growing segment, growing at a CAGR of 18.36% during the forecast period.

By Photoresist Type, the global Photoresist & Photoresist Ancillaries market is divided into ArF Immersion, KrF, ArF Dry, g- line, i-line, Others.

The G-line segment takes the lead because it has been a historically significant wavelength range for photolithography processes in semiconductor manufacturing. Many semiconductor fabrication facilities have traditionally employed G-line photolithography equipment. Despite the industry's transition to shorter wavelengths for higher-resolution patterns, numerous semiconductor foundries and manufacturers still rely on G-line photolithography equipment for specific applications and legacy processes. This sustained use of G-line technology maintains the demand for G-line-specific photoresists and ancillaries, consolidating its position as the leading segment.

The i-line segment is the fastest-growing category because it operates in the intermediate wavelength range and offers a compromise between resolution and cost-effectiveness. As semiconductor manufacturing advances and demands for higher-resolution patterns increase, i-line photolithography has gained prominence as an optimal choice for many applications. It strikes a balance between achieving finer features compared to G-line and the affordability of older photolithography technologies. Additionally, i-line technology finds applications in emerging markets and niche areas where cost-efficiency is a critical factor. These factors collectively contribute to the rapid growth of the i-line segment within the Photoresists and Photoresist Ancillaries Market.

By Photoresist Ancillaries Type

• The Reflective Coatings dominated the Photoresist & Photoresist Ancillaries market in 2022.
• The remover is the fastest growing segment, growing at a CAGR of 23.67% during the forecast period.

By Photoresist Ancillaries Type, the global Photoresist & Photoresist Ancillaries market is divided into Anti-Reflective Coatings, Remover, Developer, Others.

The prominence of the anti-reflective coating (ARC) segment stems from its crucial role in optimizing optical performance across diverse industries. ARCs are integral in optics, display technologies, and photovoltaics, diminishing unwanted reflections and maximizing light transmission. The surge in high-resolution displays, advanced camera systems, and optical instruments fuels the demand for ARCs. Moreover, solutions' development. The remover segment thrives as semiconductor technologies advance, emphasizing precision and sustainability in fabrication processes.

By Application

• The Semiconductors & ICS segment dominated the Photoresist & Photoresist Ancillaries market in 2022.
• The Semiconductors & ICS is the fastest growing segment, growing at a CAGR of 30.53% during the forecast period.

By application the Photoresist & Photoresist Ancillaries market is divided by Semiconductors & ICS, LCDs, Printed Circuit Boards, Others.

The Photoresists and Photoresist Ancillaries Market finds its largest application segment in semiconductors and Integrated Circuits (ICs), and this predominance can be attributed to several compelling factors. These components form the very foundation of the electronics manufacturing industry, serving as the fundamental building blocks for an extensive range of electronic devices. These encompass ubiquitous gadgets like smartphones and laptops, extend to sophisticated automotive electronics that enhance vehicular functionality, and even find application in the intricate machinery powering industrial processes.

Moreover, the relentless surge in consumer demand for state-of-the-art electronics, spanning the realms of smartphones, tablets, smart televisions, and wearable devices, necessitates chips that deliver exceptional performance while conserving energy. This escalating need propels the semiconductor and IC sectors toward the adoption of advanced photolithography processes. In this pursuit of precision, specialized photoresists emerge as indispensable tools, enabling the fulfillment of exacting manufacturing requirements and underlining their pivotal role in these industries.

By Region

• The APAC region dominated the Photoresist & Photoresist Ancillaries market in 2022.
• The APAC region is the fastest growing segment, growing at a CAGR of 18.91% during the forecast period.

By region, the global Photoresist & Photoresist Ancillaries market is divided into North America, Europe, APAC and Others. Others is further divided into Middle East, Africa and South America.

The Asia-Pacific (APAC) region stands as a frontrunner in the Photoresists and Photoresist Ancillaries Market, driven by several compelling factors. At the core of this dominance lies the thriving electronics industry, with giants like China, South Korea, Taiwan, and Japan prominently leading the way. This dynamic sector spans consumer electronics, semiconductors, and displays, collectively creating substantial demand for essential photoresist materials and ancillary products crucial in the production of advanced electronic components. Furthermore, APAC's ascendancy in this market is buoyed by pro-business policies and regulatory initiatives implemented by governments, such as India's relaxation of licensing rules and the approval of 51% foreign direct investment (FDI) in multi-brand retail, along with 100% FDI in single-brand retail. These measures significantly stimulate the growth of the appliance and consumer electronics sector, further cementing APAC's position.

In North America, a promising market growth trajectory is on the horizon, primarily propelled by the escalating demand for photoresists and ancillaries in semiconductor manufacturing. According to the Semi Organization, the semiconductor market exhibited notable growth, expanding from USD 5.82 billion in 2018 to an anticipated USD 7.15 billion by 2021. This expansion is notably driven by the widespread utilization of antireflective coatings within the microelectronics sector, reinforcing market dynamics. Additionally, the heightened consumer appetite for electronic devices and appliances is poised to serve as a catalyst for market expansion throughout the forecasted period.

Competitive Landscape
The global Photoresist & Photoresist Ancillaries market is consolidated with the presence of few major players contributing to the market revenue. This dominance of these major players is driven by their technological expertise, extensive resources, and established brand recognition. These companies typically offered comprehensive and diversified digital twin solutions, dealing with various aspects of healthcare, such as patient-specific modeling, predictive analytics, and operational optimization.

However, the attractiveness of the market has resulted into many new start-ups entering the market with specific solutions and thereby attracting the end users industries.

Recent Developments

• In February 2020, South Korea's industrial gases firm, SK Materials, completed the acquisition of Kumho Petrochemical's photoresist business for an undisclosed sum. With this strategic move, SK Materials intends to establish a dedicated subsidiary focused on advancing photoresist technology.
• In December 2020, South Korea's industrial gases company, SK Materials, inaugurated a state-of-the-art production facility aimed at fostering the local manufacturing of semiconductor raw materials, including photoresist and hard masks. The primary goal of this endeavor is to achieve an annual production capacity of 50,000 gallons of photoresist starting in 2022.

Photoresist & Photoresist Ancillaries Market Scope

Table of Contents

1 INTRODUCTION OF GLOBAL Photoresist & Photoresist Ancillaries Market

1.1 Overview of the Market

1.2 Scope of Report

1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

3.1 Data Mining

3.2 Validation

3.3 Primary Interviews

3.4 List of Data Sources

4 GLOBAL Photoresist & Photoresist Ancillaries Market OUTLOOK

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Porters Five Force Model

4.3.1. Bargaining Power of Suppliers

4.3.2. Threat of New Entrants

4.3.3. Threat of Substitutes

4.3.4. Competitive Rivalry

4.3.5. Bargaining Power among Buyers

4.4 Value Chain Analysis

5 GLOBAL Photoresist & Photoresist Ancillaries Market, BY Photoresist TYPE

5.1 Overview

5.2 ArF Immersion

5.3 KrF

5.4 ArF Dry

5.5 g-line

5.6 i-line

5.6 Others

6 GLOBAL Photoresist & Photoresist Ancillaries Market, BY Photoresist Ancillaries Type

6.1 Overview

6.2 Anti-Reflective Coatings

6.3 Remover

6.4 Developer

6.5 Others

7 GLOBAL Photoresist & Photoresist Ancillaries Market, By APPLICATIONS

7.1 Overview

7.2 Semiconductors & ICS

7.3 LCDs

7.4 Printed Circuit Boards

7.5 Others

8 GLOBAL Photoresist & Photoresist Ancillaries Market, By REGION

8.1 North America

8.1.1 U.S.

8.1.2 Canada

8.2 Europe

8.2.1 Germany

8.2.3 U.K.

8.2.4 France

8.2.5 Rest of Europe

8.3 Asia Pacific

8.3.1 China

8.3.2 Japan

8.3.3 India

8.3.4 South Korea

8.3.5 Singapore

8.3.6 Malaysia

8.3.7 Australia

8.3.8 Thailand

8.3.9 Indonesia

8.3.10 Philippines

8.3.11 Rest of Asia Pacific

8.4 Others

8.4.1 Saudi Arabia

8.4.2 U.A.E.

8.4.3 South Africa

8.4.4 Egypt

8.4.5 Israel

8.4.6 Rest of Middle East and Africa (MEA)

8.4.7 Brazil

8.4.8 Argentina

8.4.9 Mexico

8.4.10 Rest of South America

9 COMPANY PROFILES

9.1 Samsung Electronics Co., Ltd.

9.1.1. Company Overview

9.1.2. Key Executives

9.1.3. Operating Business Segments

9.1.4. Product Portfolio

9.1.5. Financial Performance (As per availability)

9.1.6 Key News

9.2 Asahi Kasei Corporation

9.2.1. Company Overview

9.2.2. Key Executives

9.2.3. Operating Business Segments

9.2.4. Product Portfolio

9.2.5. Financial Performance (As per availability)

9.2.6. Key News

9.3 Canon Inc

9.3.1. Company Overview

9.3.2. Key Executives

9.3.3. Operating Business Segments

9.3.4. Product Portfolio

9.3.5. Financial Performance (As per availability)

9.3.6. Key News

9.4  Nikon Corporation

9.4.1. Company Overview

9.4.2. Key Executives

9.4.3. Operating Business Segments

9.4.4. Product Portfolio

9.4.5. Financial Performance (As per availability)

9.4.6. Key News

9.5 Ulvac Technologies, Inc

9.5.1. Company Overview

9.5.2. Key Executives

9.5.3. Operating Business Segments

9.5.4. Product Portfolio

9.5.5. Financial Performance (As per availability)

9.5.6. Key News

9.6 KLA Corporation

9.6.1. Company Overview

9.6.2. Key Executives

9.6.3. Operating Business Segments

9.6.4. Product Portfolio

9.6.5. Financial Performance (As per availability)

9.6.6. Key News

9.7 TEL (Tokyo Electron Limited)

9.7.1. Company Overview

9.7.2. Key Executives

9.7.3. Operating Business Segments

9.7.4. Product Portfolio

9.7.5. Financial Performance (As per availability)

9.7.6. Key News

9.8 Axcelis Technologies, Inc.

9.8.1. Company Overview

9.8.2. Key Executives

9.8.3. Operating Business Segments

9.8.4. Product Portfolio

9.8.5. Financial Performance (As per availability)

9.8.6. Key News

9.9 SCREEN Semiconductor Solutions Co., Ltd

9.9.1. Company Overview

9.9.2. Key Executives

9.9.3. Operating Business Segments

9.9.4. Product Portfolio

9.9.5. Financial Performance (As per availability)

9.9.6. Key News

9.10 Lam Research Corporation

9.10.1. Company Overview

9.10.2. Key Executives

9.10.3. Operating Business Segments

9.10.4. Product Portfolio

9.10.5. Financial Performance (As per availability)

9.10.6. Key News

9.11 Chimei Materials Technology Corporation

9.11.1. Company Overview

9.11.2. Key Executives

9.11.3. Operating Business Segments

9.11.4. Product Portfolio

9.11.5. Financial Performance (As per availability)

9.11.6. Key News

9.12 DuPont de Nemours, Inc.

9.12.1. Company Overview

9.12.2. Key Executives

9.12.3. Operating Business Segments

9.12.4. Product Portfolio

9.12.5. Financial Performance (As per availability)

9.12.6. Key News

9.13 MicroChem Corporation

9.13.1. Company Overview

9.13.2. Key Executives

9.13.3. Operating Business Segments

9.13.4. Product Portfolio

9.13.5. Financial Performance (As per availability)

9.13.6. Key News

9.14 Sumitomo Chemical Co., Ltd.

9.14.1. Company Overview

9.14.2. Key Executives

9.14.3. Operating Business Segments

9.14.4. Product Portfolio

9.14.5. Financial Performance (As per availability)

9.14.6. Key News

9.15 FUJIFILM Corporation

9.15.1. Company Overview

9.15.2. Key Executives

9.15.3. Operating Business Segments

9.15.4. Product Portfolio

9.15.5. Financial Performance (As per availability)

9.15.6. Key News

9.16 Shin-Etsu Chemical Co., Ltd.

9.16.1. Company Overview

9.16.2. Key Executives

9.16.3. Operating Business Segments

9.16.4. Product Portfolio

9.16.5. Financial Performance (As per availability)

9.16.6. Key News

9.17 Merck KGaA

9.17.1. Company Overview

9.17.2. Key Executives

9.17.3. Operating Business Segments

9.17.4. Product Portfolio

9.17.5. Financial Performance (As per availability)

9.17.6. Key News

9.18 Dow, Inc.

9.18.1. Company Overview

9.18.2. Key Executives

9.18.3. Operating Business Segments

9.18.4. Product Portfolio

9.18.5. Financial Performance (As per availability)

9.18.6. Key News

9.19 JSR Corporation

9.19.1. Company Overview

9.19.2. Key Executives

9.19.3. Operating Business Segments

9.19.4. Product Portfolio

9.19.5. Financial Performance (As per availability)

9.19.6. Key News

9.20 Tokyo Ohka Kogyo Co., Ltd

9.20.1. Company Overview

9.20.2. Key Executives

9.20.3. Operating Business Segments

9.20.4. Product Portfolio

9.20.5. Financial Performance (As per availability)

9.20.6. Key News

Global Photoresist & Photoresist Ancillaries Market Segmentation

Photoresist & Photoresist Ancillaries by photoresist: Market Size & Forecast 2023-2030

• ArF Immersion
• KrF
• ArF Dry
• g- line
• i-line
• Others

Photoresist & Photoresist Ancillaries by photoresist Ancillaries Type: Market Size & Forecast 2023-2030

• Anti-Reflective Coatings
• Remover
• Developer
• Others

Photoresist & Photoresist Ancillaries by Application : Market Size & Forecast 2023-2030

• Semiconductors & ICS
• LCDs
• Printed Circuit Boards
• Others

Photoresist & Photoresist Ancillaries by Geography: Market Size & Forecast 2023-2030

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

• Samsung Electronics Co., Ltd.
• Asahi Kasei Corporation
• Canon Inc
• Nikon Corporation
• Ulvac Technologies, Inc
• KLA Corporation
• TEL (Tokyo Electron Limited)
• Axcelis Technologies, Inc.,
• SCREEN Semiconductor Solutions Co., Ltd
• Lam Research Corporation
• Chimei Materials Technology Corporation
• DuPont de Nemours, Inc.
• MicroChem Corporation
• Sumitomo Chemical Co., Ltd.
• FUJIFILM Corporation
• Shin-Etsu Chemical Co., Ltd.
• Merck KGaA
• Dow, Inc.
• JSR Corporation
• Tokyo Ohka Kogyo Co., Ltd