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Global Photoresist and Photoresist Ancillaries Market to Reach USD 5,020 Million by 2027, Aided by Product Innovations

According to a new report by EMR titled, 'Global Photoresist and Photoresist Ancillaries Market Report and Forecast 2022-2027', the global market size of photoresist and photoresist ancillaries stood at almost USD 3,599 million in 2021. The market is further expected to grow at a CAGR of 5.7% in the forecast period of 2022-2027 to reach a value of almost USD 5,020 million by 2027.

The global photoresist and photoresist ancillaries industry is led by the Asia Pacific region, which held a majority of the market share. The market is being driven by the increasing demand for the product owing to its lighter, thinner, and energy-efficient properties as opposed to its counterparts. Further, technological advancements and product innovations are expected to accelerate the market growth in the forecast period.

Distribution channels, such as Amazon (NASDAQ: AMZN), etc., are helping the industry expand even more as they offer an effective platform for people to buy consumer electronics having photoresist and photoresist ancillaries as a core element. The consumer electronics sector has seen a boom in the recent years, especially growing rapidly in countries like India. The growth can be attributed to the rise in disposable incomes, government initiatives like Digital India, and enhanced physical and social infrastructure. Such trends have also propelled the growth of the photoresist and photoresist ancillaries industry.

Market Analysis by Type, Application, and Region:

  • The photoresist industry is divided on the basis of type into ArF Immersion, KrF, ArF Dry, and g- and i-line. The photoresist ancillaries industry is divided on the basis of type into anti-reflective coatings, remover, developer, and others.
  • The photoresist and photoresist ancillaries industry is segmented on the basis of application into semiconductors and ICS, LCDs, printed circuit boards, and others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, and LAMEA.

Key Findings of the Report:

  • The global market for photoresist and photoresist ancillaries is being driven by the increasing use of the product in the semiconductor industry.
  • The market is thriving owing to the increasing demand for the products on mass scale, globally.
  • Furthermore, the rising use of flat-panel displays, which require photoresists to respond to the light to emit green, red, blue, and other colours, are aiding the market growth.
  • Flat-panel displays are also in demand due to its lighter, thinner, and energy-efficient properties in comparison to other variants.
  • The increasing use of photoresists in wiring configuration in the production of multi-layered semiconductor which are used in consumer electronics, such as computers, laptops, phones, music players, and other household appliances, are invigorating the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for photoresist and photoresist ancillaries for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the types, applications, and regional markets of photoresist and photoresist ancillaries. 
  • It gives an in-depth look at the regional price trends in the global market for photoresist and photoresist ancillaries.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Tokyo Ohka Kogyo Co., Ltd., JSR Corporation, Shin-Etsu Chemical Co., Ltd., Sumitomo Chemical Co., Ltd., and ALLRESIST GmbH, among others, are the key players in the global photoresist and photoresist ancillaries market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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