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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.
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Tokyo Ohka Kogyo Co., Ltd., JSR Corporation, Shin-Etsu Chemical Co., Ltd., Sumitomo Chemical Co., Ltd., Merck Performance Materials GmbH, 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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