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(Wireless-NewsWire.Com, April 28, 2017 ) Photoresist materials are used during the manufacturing of semiconductor ICs and PCBs. Therefore, as the electronic device industry grows, the demand for semiconductor ICs for different applications, such as telecommunication, consumer electronic devices, memory devices, and sensor devices, increases, thereby, driving the demand for the photoresist market. Publisher€™s market research analysts expect the global photoresist market to grow at a CAGR of more than 5% during the forecast period.
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The demand for compact electronic devices has been increasing in almost every sector, be it telecommunication devices, automotive, industrial manufacturing, and healthcare. This trend has driven the semiconductor ICs manufacturers to invest on R&D, to reduce the size and increase the performance of ICs, which have led to the emergence of MEMS and 3D chip packaging. Thus, the miniaturization of electronic devices will have a significant impact on semiconductor device manufacturers, as the compact ICs will create a demand for finer patterning, which will indirectly generate the need for ArF and KrF during the forecast period.
Segmentation by type and analysis of - ArF Dry, ArF Immersion, KrF, and g- and i-line
As of 2014, the ArF (ArF Dry and ArF Immersion) segment was the largest revenue contributor to the photoresist market, accounting for a revenue share of more than 41%. The main reason behind the market dominance of ArF excimer photoresists is for their miniaturization of the semiconductor ICs.
This report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
ArF Dry
ArF Immersion
KrF
g- and i-line
Geographical segmentation and analysis of - APAC, North America, and Europe
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In terms of geographical revenue contribution, the APAC region has been dominating the photoresist market, accounting for a share of close to 65%, followed by North America, and Europe as of 2014. The increase in consumer electronics and mobile devices market will lead to an increased need for photoresist materials in this region, and will assist them in retaining their market dominance during the forecast period.
This report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
APAC
North America
Europe
Competitive landscape and key vendors - Dow Chemical, JSR Corp., and TOK
The photoresist market is highly marked with the presence of some prominent vendors, who have the maximum market share. Moreover, the presence of many prominent semiconductor foundries in Taiwan, South Korea, and Japan have made APAC an extremely competitive geography.
The top vendors in the market are -
Dow Chemical
JSR Corp.
TOK
Other prominent vendors in the market include E. I. du Pont de Nemours and Company, FUJIFILM Electronics Materials, LG Chem, and Shin-Etsu Chemical.
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