Photoresist Process Chemicals Market Forecasts to 2028 – Global Analysis By Product Type (Binders, Sensitizer and Solvents), End User (Microelectronics and Printed Circuit Boards) and By Geography
According to Stratistics MRC, the Global Photoresist Process Chemicals Market is accounted for $3,841.24 million in 2020 and is expected to reach $6,501.93 million by 2028 growing at a CAGR of 6.8% during the forecast period. Constant demand for microelectronics, rising penetration of internet of things (IoT) and growing research and development are driving the market growth. However, the advent of Covid-19 has created travel bans and business shutdowns which are hampering the growth of the market.
Photoresist process chemicals are materials which are sensitive to light and are utilized in several industrial processes. Photoresist chemicals change their chemical structure when they come in contact with ultraviolet light and are generally used in photoengraving and photolithography to form a conventional coating on a surface and also used in semiconductor manufacturing processes.
Based on the application, the microelectronics segment is going to have lucrative growth during the forecast period due to their wide range of usage in a variety of consumer electronics like household appliances, smart phones and music players among many other. They also find application in various industrial processes which could be attributed to the growth of the segment. By geography, Asia Pacific is going to have high growth during the forecast period due to the rise in population in countries like South Korea, China and Japan and thus, there is an increase in demand from the region.
Some of the key players profiled in the Photoresist Process Chemicals Market include Allresist Gmbh, Dischem Inc, Dupont, ENF TECHNOLOGY CO., LTD., Integrated Micro Materials, Microchemicals Gmbh, Prolyx Microelectronics Private Limited, Sumitomo Chemical Co., Ltd, Tokuyama Corporation and Tokyo Ohka Kogyo Co., Ltd.
Product Types Covered:
End Users Covered:
• Printed Circuit Boards
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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