Photoresist Electronic Chemical Market Analysis

Photoresist Electronic Chemical Market Analysis

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Based on type, the photoresist electronic chemical market is segmented into positive and negative. Positive photoresist materials held a major market value of USD 7.4 billion in 2022. Positive photoresist materials are broadly used in high-resolution applications where fine features & patterns are required. These materials are currently being built with enhanced sensitivity, resolution & etch selectivity to meet the growing demand for high-resolution semiconductor devices such as microprocessors & memory chips. Manufacturers are also investing in the R&D of positive photoresist designs that can achieve smaller sizes and tighter line widths, thereby facilitating the production of advanced semiconductor devices.
 

The negative photoresist materials segment growth is majorly driven by the demand for etch-resistant materials in semiconductor manufacturing, particularly in devices with multiple layers & complex structures. The increased use of this material type will accelerate segment growth over the forecast period.
 

Based on substrate, the photoresist electronic chemical market is bifurcated into silicon, glass, metal, and others. The silicon substrate segment held a major share of around 40% in 2022 and is anticipated to grow at a lucrative pace through 2032. Silicon is a commonly used substrate material in semiconductor manufacturing. It is extensively used in the production of ICs and other semiconductor devices, driving product demand. With the growing demand for silicon-based devices, such as microchips, memory chips & sensors, the demand for photoresist materials that are compatible with silicon substrates will also grow.
 

Based on application, the photoresist electronic chemical market is divided into semiconductor manufacturing, Printed Circuit Boards (PCBs), LCDs, Micro-Electro-Mechanical Systems (MEMS), and other electronic components. The semiconductor manufacturing segment held a dominant share in 2022 and is projected to grow at a CAGR of 5.6% till 2032. Photoresist electronic chemicals are majorly used in semiconductor manufacturing. These materials are used in lithography processes where patterns are transferred onto semiconductor wafers, thereby aiding the fabrication of microchips, ICs, and other semiconductor devices. The photoresist electronic chemical industry demand is directly impacted by the growth of the semiconductor industry, and currently, the semiconductor industry is witnessing growth due to the demand for small-sized & higher circuit-density components.
 

Based on end use, the photoresist electronic chemical market is segmented into semiconductor industry, electronics industry, display industry, MEMS industry, and other industries. The semiconductor industry segment held a dominant market in 2022 and is expected to grow in the coming years. The semiconductor industry is a primary end-user of photoresist electronic chemicals, which are used to produce advanced semiconductor devices, such as microprocessors, memory chips & integrated circuits, thereby driving product demand. The market growth is further driven by factors such as continuous development and adoption of new technologies including 5G, AI, IoT & autonomous vehicles. These factors contribute to the semiconductor industry growth, which in turn, positively impacts the photoresist electronic chemicals demand.
 

The U.S. dominated the North American region with a major market share of USD 1.6 billion in 2022 and is projected to expand at a significant pace from 2023 - 2032. The presence of several Integrated Device Manufacturers (IDMs) & semiconductor manufacturers, who continuously invest in R&D, advanced semiconductor technologies, and fabrication facilities, is driving the demand for photoresist electronic chemicals in North America. These manufacturers also demand high-quality photoresist materials owing to the presence of a robust consumer electronics sector, which is a major consumer of semiconductors & IDEs.