Photoresist Market Worth $4.15 Billion by 2022
August 8, 2017 | PRNewswireEstimated reading time: 1 minute
Photoresist market was valued at $3.01 Billion in 2016 and is projected to reach $4.15 Billion by 2022, at a CAGR of 5.5% from 2017 to 2022.
The market is driven by increase in demand for photoresist from various application segments, such as semiconductors & ICs, LCDs, printed circuit boards, and for other applications, such as, MEMs, NEMs, and sensors.
Semiconductors & ICs is estimated to be the largest application segment of the global photoresist market
Among applications, the semiconductors & ICs segment is estimated to lead the global photoresist market during the forecast period. Photoresist is used in the electronics industry, particularly in semiconductors & ICs, and printed circuit board designs. ICs are used in a large number of electronics devices, including smartphones, mobile devices, PCs & laptops, tablets, and advanced gaming devices. Photoresist is a thin layer used to transfer a circuit pattern to the semiconductor substrate, which it is deposited upon. The increase in demand for wearable devices and consumer electronics act as key growth drivers for photoresist market.
Based on type, the ArF immersion is projected to be the fastest-growing segment of the global photoresist market
The ArF immersion technology is widely used in Large Scale Integration (LSI) circuits. The narrow wavelength of ArF light source and increased refractive index due to immersion assist photoresist users in meeting their needs of miniaturizing products with improved performance. The demand for ArF immersion photoresist is growing due to its unique properties, such as narrow wavelength, which prevents spreading of light.
Asia-Pacific accounted for the largest share of the global photoresist market in 2016. Currently, Taiwan is the largest market for photoresist in the Asia-Pacific region and is expected to continue its dominance during the forecast period. In China and Japan, the demand for photoresist is expected to increase due to the growing electronics industry and rapid economic expansion. In addition, population growth in these countries serves as a huge customer base for the manufacturers of photoresist.
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Suggested Items
iNEMI Webinar: Humidity Robustness and Insulation Coordination for e-Mobility
03/27/2024 | iNEMIThis webinar is a follow-up to the recent Seminar on Humidity Robustness and Insulation Coordination for e-Mobility, organized by iNEMI and ZESTRON Europe and supported by the ECPE.
Electronics Industry Sentiment Rises in March
03/27/2024 | IPCIPC releases March 2024 Global Sentiment of the Electronics Supply Chain Report
Mycronic to Showcase More Versatile, High-productivity Assembly Solutions at IPC APEX EXPO 2024
03/27/2024 | MycronicMycronic, the leading Sweden-based electronics assembly solutions provider, will continue to respond to growing customer demand for high-flexibility, high-productivity solutions for zero-defect PCB assembly at IPC APEX EXPO 2024 in Anaheim, CA on April 9 - 11.
Don Dennison Appointed to Roll Out KIC’s Latest Thermal Analysis System Software in the Northeast
03/26/2024 | KICKIC, a renowned pioneer in thermal process and temperature measurement solutions for electronics manufacturing, is pleased to announce the appointment of PIT Equipment Services, LLC, led by Don Dennison, as its representative for New York, New Jersey, and Eastern Pennsylvania.
The Many Complexities of PFAS
03/26/2024 | Marcy LaRont, PCB007 MagazineIn its simplest definition, PFAS is a group of chemicals used to make fluoropolymer coatings and products that resist heat, oil, stains, grease, and water. Fluoropolymer coatings can be in a variety of products. Though this definition is not inaccurate, it can be misleading. Depending on who you ask, there are upward of 10,000 PFAS chemistries that can meet various definitions.