Photoresist and Ancillaries Market Projected to Reach $5.3 Billion by 2028 with a 5.1% CAGR
The global photoresist and photoresist ancillaries market size is estimated to be USD 4.1 billion in 2023 and projected to reach USD 5.3 billion by 2028, at a CAGR of 5.1%. Photoresists are light-sensitive materials used to pattern and etch substrates for the production of integrated circuits and electronic devices in the semiconductor and microelectronics industries. When exposed to light, they experience a chemical shift that enables the precise patterning of the underlying substrate. Ancillaries for photoresists are additives and chemicals that are used with photoresists to enhance the lithographic process. In the phases of cleaning, pre-coating, development, stripping, and post-processing, they are essential. This industry, which is fueled by improvements in semiconductor technology and the need for improved process yields, is strongly related to the demand for photoresists.
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The leading players in the global photoresist and photoresist ancillaries market includes Tokyo Ohka Kogyo Co., Ltd (Japan), JSR Corporation (Japan), DuPont de Nemours, Inc. (US), Shin-Etsu Chemical Co., Ltd (Japan), Fujifilm Corporation (Japan), Sumitomo Chemical Co., Ltd. (Japan), Allresist (Germany), and Merck Group (Germany). These companies, along with other regional companies, cater to the demand for flooring products globally.
JSR Corporation is one of the world’s leading chemical material companies. The company operates through four business segments i.e., Digital Solutions, Plastics, Life Science and Others. It offers photoresist materials under the digital solution business. JSR Group operates in 12 countries and regions which include Japan, North America, China, Belgium, Korea, Taiwan, Switzerland, UK, the Netherlands, Thailand, Germany, and Singapore.
Tokyo Ohka Kogyo Co., Ltd. is a is a renowned chemical company with a global presence. The company specializes in advanced materials, functional coatings, and chemical products and has been a pioneer in innovation and technology. The company sells and manufactures photoresists and high purity chemicals. These are used in photolithography process of semiconductor and display, processing equipment for semiconductor and display manufacturing. Headquartered in Tokyo, Japan, the company has successfully expanded its operations worldwide and maintains subsidiaries and affiliates in numerous countries. TOK provides an extensive portfolio of products and services that serve diverse industries such as electronics, semiconductors, automotive, telecommunications, and display technologies.
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Shin-Etsu Chemical Co., Ltd. is involved in the manufacture and sale of industrial chemicals. It has business segments like Infrastructure materials, electronic materials, Functional, materials, and Processing and Specialized services. The photoresist materials are included under the electronic materials segment. The company has 16 companies and 27 production bases in Japan.
Other companies have initiated the following developments:
- In October 2020, Shin-Etsu Chemical Co., Ltd., announced plans to invest 30 billion yen (USD 280 million) in new facilities at its manufacturing facilities for photoresists in Taiwan and Japan.
- In March 2022, JSR Corporation announced that JSR Electronic Materials Taiwan Co., Ltd. has been established as a subsidiary in Tai Yuen, Taiwan, to support the sales, marketing, and R&D efforts of its semiconductor materials business there.
- In July 2020, Tokyo Ohka Kogyo (TOK) advanced materials announced that it had started producing extreme ultraviolet (EUV) in its facility at Songdo, Incheon. The step has been taken to serve Samsung electronics as it has increased the use of EUV based lithography for chip production.
- In October 2021, JSR Corporation acquired Inpria Corporation to promote its initiatives for commercializing EUV (Extreme Ultraviolet) photoresist.
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