Photoresist & Photoresist Ancillaries Market to achieve 6.5% Growth up to 2024
Date: 2018-12-07   Author: Rahul Varpe  Category: #market

Photoresist & Photoresist Ancillaries Market to achieve 6.5% Growth up to 2024

Global Market Insights, Inc. adds a new Photoresist & Photoresist Ancillaries Market research report for the period of 2018-2024 focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Photoresist And Photoresist Ancillaries Market size is set to surpass USD 6 billion by 2024; as per a new research report by Global Market Insights, Inc. Tremendous advancements witnessed in display technology in the last few years will drive the growth of photoresist and photoresist ancillaries market. Displays have seen a noteworthy change in technology, starting from cathode ray tube (CRT) to liquid crystal display (LCDs) to light emitting diode (LED) in a short span.

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Also, flat panel display (FPD) technology have revolutionized the electronics industry with almost every electronic device being integrated with it. As FPDs are lighter and thinner than other conventional displays, they are being extensively used in electronics industry in many end use applications such as computers, smart phones, automotive display mediums, televisions, interactive boards, etc. Any advancements in technology in FPD is expected to augment the photoresist and photoresist ancillaries market throughout the forecast timeframe as they are employed in a variety of processes in this industry including spin coating, extrusion coating, roller coating, and advanced slit-coating.

Permissible limits for solvents and chemicals used in photoresist production have been set by The Occupational Safety and Health Administration (OSHA) and the National Institute for Occupational Safety and Health (NIOSH). For instance, butyl acetate is a solvent used in production of photoresist and its permissible exposure limit (PEL) and recommended exposure limit (REL) have both been set at 200 ppm. Some of the secondary components of the product are radical scavengers, antioxidants, amines, wetting agents, coating aids, and adhesion promoters derived from petroleum-based solvents and synthetic polymers. They can have serious effects on human health as well as the environment and are strictly regulated by the governing bodies. These regulations may prevent the entry of new players and hamper the industries growth in the coming years.

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Photoresist market is segmented based into four segments including ArF immersion, ArF dry, g- & i-line, and KrF grades. ArF immersion grades have a substantial market share and is likely to generate revenue of over USD 1 billion by 2024. KrF also has a significant market share which is poised to increase owing to its use in production of microelectronics.

On the basis of products, photoresist ancillaries market can be categorized into edge bead removers, antireflective coatings, photoresist developers, along with other products. Edge bead removers find application in edge-bead removal process during spring coating in photolithography and its market size is expected to be around USD 600 million in 2024.

On the basis of application, the industry is categorized into three segments including printed circuit boards (PCBs), semiconductors and integrated circuits (ICs), along with other applications. PCB market share is likely to reach USD 1.9 billion in 2024 since they are an integral part of electronic devices used in various sectors such as transportation, defense, broadcasting, etc.

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Asia pacific will be a high potential market for photoresist and photoresist ancillaries owing to rising electronic products demand. This can be attributed to high economic growth coupled with increased manufacturing of electronic devices and equipment in countries such as South Korea and China which are considered to be electronic hubs of the world. Asia pacific market size is estimated to be over USD 4 billion by 2024.

Important players in this industry are The Dow Chemical Company, AZ Electronic Materials, Tokyo Ohka Kogyo, and JSR Corporation followed by other smaller players like Hitachi Chemical, LG Chem, Eternal Materials, Kolon Industries, Sumitomo Chemical, FUJIFILM Electronic Materials, etc.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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