Photoresist And Photoresist Ancillaries Market Analysis

Photoresist And Photoresist Ancillaries Market Analysis

By product grade, photoresist market is segmented as g- and i-line, ArF dry, KrF and ArF immersion. ArF immersion grades is used to manufacture micro and nano-scale electronics component and has a significant share of the market. With current trend of developing smaller electronic devices with extended functions, share of ArF immersion grades is poised to increase during the forecast timeframe.
 

KrF also have a substantial share of the global photoresist market as it is employed in manufacture of microelectronics and its share of the market was valued at more than USD 400 million in 2016. ArF dry grade is used in high resolution photo-patterning and photolithography processes and its share is expected to grow at a moderate rate. G- and i-line grades can operate in mid-UV wavelengths and can provide resolution from 0.3 µm to more than 1 µm. This grade will likely grow at a steady rate in the coming years.
 

Photoresist ancillaries market is categorized by product into four grades which includes antireflective coatings, edge bead removers, photoresist developers, and other products such as specialty solvents, etchers and. primers or adhesion promoters. Antireflective coatings have a significant share and it is expected to increase owing to properties like contrast improvement and multiple reflection suppressions which directly effects the process cost.
 

Photoresist developers segment will grow at a steady till 2024 as demand for metal-ion free developers, which are environment and user friendly, is poised to increase in the next few years. Edge bead removers segment has a considerable share of the industry and it is expected to grow at a healthy rate during the forecast period as they are extensively used in photolithography to remove edge bead build-ups in spring coating process.
 

Photoresist and photoresist ancillaries market based on application is segmented as semiconductors and integrated circuits (ICs), printed circuit boards (PCBs), and other applications which includes nanoelectromechanical systems (NEMS), microelectromechanical systems (MEMS) and sensors. Semiconductors and IC application segment has a significant share which is expected to further rise during the forecast timeframe due to high demand for semiconductors from electronics industry.
 

PCBs also have a substantial share of global photoresist and photoresist ancillaries market as they are widely used in electrical devices in automobile, medical, lighting, defense, etc. This segment will grow at a slower rate till 2024 when compared to the other categories.
 

Asia pacific has a substantial share of the global photoresist and photoresist ancillaries market due to booming electronics sector in this region. Outsourcing of electronics manufacturing activities from Europe and the US to Asian countries like China and South Korea have transformed the region into an electronics hub. The regions share is poised to increase further in the coming years owing to increasing purchasing power of people in this region.
 

North American market was valued at more than USD 350 million in 2016 and its share will grow at a steady rate due to revival of the semiconductors industry as well as increasing demand for antireflective coatings. Demand for antireflective coatings will also drive the European market which is expected to grow till 2024.