This industry resaecrh report details the market segmentation of the photoresist market with respect to type (ArF Dry, ArF Immersion, KrF, and g- and i-line photoresists) and by geography (APAC, North America, and Europe). The report also presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market, which include Dow Chemical, JSR Corp., and TOK.
Technavio’s market research analysts estimate the global photoresist market to grow at a CAGR of more than 5% between 2015 and 2019. Increase in the demand for semiconductor ICs for different applications, such as telecommunication, consumer electronic devices, memory devices, and sensor devices, is a major factors that drives the growth of the photoresist market. APAC leads eth global market for photoresist, occupying around 65% of the total market revenue. 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.
The new market research report from Technavio provides a breakdown and analysis of the photoresist segments by technology.
“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,” says Navin Rajendra, Industry Manager, Hardware & Semiconductor, Technavio Research
The ArF (ArF Dry and ArF Immersion) segment is 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.
The leading vendors in the global photoresist market include Dow Chemical, JSR Corp., and TOK. The 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.
A more detailed analysis is available in the Technavio report, Global Photoresist Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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