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Semiconductor Photoacid Generators Market size was valued at more than USD 3 billion in 2022. Driven by the surging utilization of photoacid generators in the semiconductor industry, the market is anticipated to grow at over 6% CAGR from 2023 to 2032.
The prevalent lithographic technology uptake in semiconductor manufacturing is expected to stimulate market growth. Moreover, the escalating demand for consumer devices is impelling manufacturers’ inclination toward miniaturization to encourage the adoption of portable devices, thereby propelling lithographic technology deployment. Meanwhile, consistent focus of market players on R&D programs to improve the efficacy of photoacid generators are set to bolster product adoption in the semiconductor industry. Additionally, technological advancements in electronics and the growing popularity of wearable electronic devices are promoting the use of PAG in the consumer electronics sector, which is slated to fuel semiconductor photoacid generators market growth.
Report Attribute | Details |
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Base Year: | 2022 |
Semiconductor Photoacid Generators Market Size in 2022: | USD 3,095 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 6.0% |
2032 Value Projection: | USD 5,600 Million |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 575 |
Tables, Charts & Figures: | 748 |
Segments covered: | Application |
Growth Drivers: |
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Pitfalls & Challenges: |
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The high cost of manufacturing is a major factor restraining market growth. In chemically amplified resists, if the photoacid generator and quencher quantities decreases, the standard deviation of their distributions rises, resulting in increased rates of EUV scanners and other solutions. Nonetheless, the surging penetration of electric vehicles across the globe is providing massive growth opportunities for market outreach, thus encouraging photoacid generator manufacturers to overcome this issue.
In terms of application, semiconductor photoacid generators market is segregated into photolithography, photoengraving, and printed circuit boards. The photolithography segment was valued at more than USD 1.5 billion in 2022 and is poised to record over 6% gains by 2032. The snowballing demand for photolithography for microprocessor fabrication, increase in computer chip production, and rapidly expanding electronics packaging market are foreseen to foster segment growth.
Semiconductor photoacid generators market from photolithography application is further divided into EUV photolithography for ionic PAG and I-Line photolithography for photoacid generators. EUV photolithography for iconic photoacid generators are projected to reach a valuation of over USD 105 million by 2032. The segment growth is backed by the soaring penetration of photo-initiator for photo-polymerization of epoxy/acrylate composites is boosting the use of ionic photolithography in UV shielding coating in electronic devices.
Under photoengraving application, semiconductor photoacid generators market is classified into ionic photoacid generators and non-ionic photoacid generators. The non-ionic photoacid generators segment is anticipated to reach over USD 205 million in revenue by 2032. The surging demand for economical solutions in the electronics industry, along with shifting perceptions toward safe solutions is estimated to accelerate product demand. The wide applicability of ionic photoacid generators in manufacturing commercial or residential electronics solutions is also poised to fuel segment forecasts.
Europe semiconductor photoacid generators market is speculated to surpass USD 1 billion in revenue by 2032. The growing demand for critical layer resistance provided by photoacid generators, such as film resistors, is primed to augment product adoption in the European semiconductor industry. Furthermore, the surging necessity for various chemical amplified resist applications is foreseen to supplement the demand for I-line and broadband PAG in the region.
are some of the key players in the semiconductor photoacid generators market.
These firms primarily engage in strategic acquisitions and partnerships with semiconductor manufacturers to enhance their business stance. For instance, in June 2020, Merck, a science and technology firm, completed the acquisitions of Versum Materials and Intermolecular, a semiconductor solutions firm offering semiconductor materials and delivery systems & services (DS&S). With this acquisition, Merck aimed to improve its offerings as well as its global presence.
The stringent lockdowns and disruptions in supply chains hampered market growth during the COVID-19 outbreak. Several company players witnessed a decline in product sales and had to halt their business practices. However, rigorous efforts towards bolstering semiconductor efficiency prompted industry players to focus on a new class of ionic photo-acid generators (PAGs) that are useful in chemically amplified photoresist formulation with the use of photoactive cation and a fluoro-organic sulfonyl imide or sulfonyl methide anion, which is forecast to complement business growth in the future.
Semiconductor photoacid generators market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD Million from 2018 to 2032 for the following segments: Click here to Buy Section of this Report
By Application
The above information is provided on a regional and country basis for the following: