Photoresist Market Size, Share, Opportunities, And Trends By Type (ArF Immersion, ArF Dry Film, KrF, G-Line & I-line, Others), By Application (Semiconductors, Liquid Crystal Displays (LCDs), Printed Circuit Boards (PCBs), Others), By End-user Industry (Electricals and Electronics, Automobiles, Packaging, Others), And By Geography - Forecasts From 2025 To 2030

The photoresist market is expected to grow at a CAGR of 6.13%, reaching a market size of US$ 6.754 billion in 2030 from US$ 5.324 billion in 2025.

The market for the photoresist is driven by multiple factors. The automobile industry is a prominent industry that would drive the photoresist market, where these materials are used for in-vehicle applications. Further, the growing demand for electronic equipment will positively impact this market’s development over the forecast period.

Developing semiconductor industry for hardware and electrical equipment is supposed to be advantageous for market growth. The upcoming modern-age technology, such as quantum computers, artificial intelligence, machine learning, blockchain, etc., further enlarges the photoresist market development.

• The automobile industry is a prominent end-user industry where photoresist is utilized. According to the IEA (International Energy Agency), EV sales had been 4.7 million in 2021, rising to 7.3 million in 2022 and 9.5 million in 2023.
• According to the Semiconductor Industry Association, between January 2020 and January 2022, the global industry is projected to have added enough manufacturing capacity to produce an additional 4 million wafers per month, an increase of over 20%.

What are the photoresist market drivers?

•  Growing demand from the semiconductor segment

A photoresist is a light-sensitive polymer. The photoresists used in semiconductors are light-sensitive polymers that change their structure when exposed. The semiconductor industry is witnessing a sharp increase as it is being utilized in memory, logic, analog, and MPU. According to the Semiconductor Industry Association (SIA), industry sales hit $49.1 billion during May 2024, an increase of 19.3% compared to the May 2023 total of $41.2 billion.

The semiconductor industry enabled advances in medical devices, health care, communications, computing, defense and aerospace, transportation and infrastructure, energy, and future technology such as artificial intelligence, quantum computing, and advanced wireless networks. These increased applications of the semiconductor would lead to the demand for photoresist materials.

• High demand from the electronic market

The demand for electronics components and sub-assemblies is expected to grow at a significant pace. The major driving factors for the electronics sector are digitalization and Internet use. According to the ITU (International Telecommunication Union), the number of individuals using the Internet was 5.1 billion in 2022, increasing to 5.4 billion in 2023. Increased usage of mobile phones is another reason for the demand for electronic devices. Mobile phones are the common gateway to the Internet, and the prevalence of mobile ownership indicates Internet penetration.

The production forecast for the global IT/electronics industry is estimated by JEITA (Japan Electronics and Information Technology Industries Association) to be US$ 338 trillion in 2023 and will reach US$ 369 trillion in 2024. Significant end-use applications such as PCs, servers, gaming consoles, cell phones, home devices, cell phones, and broadband web, among others, would increase the demand for photoresist materials.

Geographical outlooks of the photoresist market

• The photoresist market is segmented into five regions worldwide

By geography, the photoresist market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.

The Asia Pacific region is expected to see the fastest growth in the photoresist market due to increasing consumer electronics. India’s domestic production of electronics products increased at a CAGR of 13% from $49 Bn in FY17 to $101 Bn in FY23. The country's electronics export is expected to reach $120 Bn by FY26, according to  Invest India. North America is expected to have a significant market share for photoresist material due to its major utilization of artificial intelligence and quantum computing.

Major products in the photoresist market:

• SUEX by DJ MicroLaminates – DJ MicroLaminates’ SUEX is a line of epoxy photoresist dry film sheets available in a thickness range of 20μm to more than 500μm. It contains a cationically cured, modified epoxy formulation utilizing an antimony-free photo acid generator (PAG). SUEX is patternable with a wide range of 350-380nm exposure tools.
• Photoresists by DuPont - DuPont offers a photoresist product line with materials requirements across generations of lithography processes from 365nm to 13.5nm wavelengths and exposures that achieve features from 280nm to 20nm. With their i-line/g-line to 193 and KrF product families, DuPont has photoresists for every need.
• FUJIFILM Electronic Material's ArF (193nm)- FUJIFILM Electronic Materials offers a wide range of photoresist products. The GAR series is suited to work with various applications requiring 193nm dry exposure. The FAiRS series of products are used in applications requiring 193nm immersion exposure and negative tone development.

Key developments in the photoresist market:

The market leaders in the photoresist market are ALLRESIST GmbH, Asahi Kasei Corporation, DJ Microlaminates, DuPont, FUJIFILM Holdings America Corporation, JSR Corporation, Microchemical GmbH, Shin-Etsu Chemical Co., Ltd, Sumitomo Chemical Co., Ltd., TOKYO OHKA KOGYO CO., LTD., and LG Chem among others. These key players implement growth strategies such as product launches, mergers, acquisitions, etc., to gain a competitive advantage. For Instance,

• In September 2024, DuPont Interconnect Solutions collaborated with YMT. YMT is a Korean printed circuit board (PCB) materials manufacturer. This would enhance Riston Dry Film Photoresist distribution and service in Korea. This would give the local customer a faster response, better service, and a complete solution. Under this collaboration, YMT invested in establishing a dry film slitting facility in Ansan, Korea. YMT is one of the leading companies in the global chemical material industry.
• In August 2024, Veeco Instruments Inc. announced that IBM selected the WaferStorm Wet Processing System for Advanced Packaging applications and entered into a joint development agreement to explore advanced packaging applications using multiple wet processing technologies from Veeco. By this agreement, the Waferstorm Wet Processing System would installed at facilities at the Albany NanoTech Complex in Albany, NY, where IBM and other ecosystem partners are driving leading-edge R&D in advanced packaging and chiplet technologies.

The WaferStorm system enables crucial hybrid bonding cleaning processes such as resist strip, temporary bonding strip, and pre-bond cleaning with low defectivity thresholds at 40 nm and 60 nm. The TheWaferStorm Wet Processing System’s ImmJET multi-wafer immersion can handle multiple wafer sizes and thicknesses with minimal hardware modifications.

• In June 2024, Mitsubishi Chemical Group expanded the production of its Lithomax photosensitive polymers for semiconductor photoresists. Mitsubishi Chemical Group (MCG Group) built a new facility to produce LithomaxTM for ArF (argon fluoride) photoresists and LithomaxTM for EUV (extreme ultra-violet) photoresists at Mitsubishi Chemical’s Kyushu-Fukuoka Plant in Kitakyushu City, Fukuoka Prefecture, Japan. In response to the anticipated increase in demand and to strengthen the supply chain, MCG Group decided to supplement the current production. This would be more than double the production capacity of LithomaxTM for ArF photoresists and the mass production of LithomaxTM for EUV photoresists.
• In June 2023, DIC Corporation acquired 100% of the shares of Quebec-based PCAS Canada Inc. from French-based company PCAS S.A., which manufactures and sells polymers used in photoresists for semiconductor photolithography. DIC Vision 2030 has a long-term management plan for expanding its lineup of photoresist materials, which are indispensable to semiconductor fabrication. It is their key strategy product for digital applications and is promoting the development of state-of-the-art photoresist polymers.

The photoresist market is analyzed into the following segments:

• By Type
  • ArF Immersion
  • ArF Dry Film
  • KrF
  • G-Line & I-line
  • Others
• By Application
  • Semiconductors
  • Liquid Crystal Displays (LCDs)
  • Printed Circuit Boards (PCBs)
  • Others
• By End-user Industry
  • Electricals and Electronics
  • Automobiles
  • Packaging
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Rest of the Middle East and Africa
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Rest of Asia-Pacific

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.1.1. Growing demand from the semiconductor segment 

4.1.2. High demand from the electronic market

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. PHOTORESIST MARKET BY TYPE

5.1. Introduction

5.2. ArF Immersion

5.3. ArF Dry Film

5.4. KrF 

5.5. G-Line & I-line

5.6. Others

6. PHOTORESIST MARKET BY APPLICATION 

6.1. Introduction

6.2. Semiconductors

6.3. Liquid Crystal Displays (LCDs)

6.4. Printed Circuit Boards (PCBs)

6.5. Others 

7. PHOTORESIST MARKET BY END-USER INDUSTRY

7.1. Introduction

7.2. Electricals and Electronics

7.3. Automobiles

7.4. Packaging

7.5. Others

8. PHOTORESIST MARKET BY GEOGRAPHY

8.1. Global Overview

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Rest of South America

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Rest of Europe

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. United Arab Emirates

8.5.3. Rest of the Middle East and Africa

8.6. Asia-Pacific

8.6.1. China

8.6.2. India

8.6.3. Japan

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indonesia

8.6.8. Rest of Asia-Pacific

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. ALLRESIST GmbH

10.2. Asahi Kasei Corporation

10.3. DJ Microlaminates

10.4. DuPont

10.5. FUJIFILM Holdings America Corporation

10.6. JSR Corporation. 

10.7. Microchemical GmbH

10.8. Shin-Etsu Chemical Co., Ltd

10.9. Sumitomo Chemical Co., Ltd.

10.10. TOKYO OHKA KOGYO CO., LTD. 

10.11. LG Chem

10.12. Mitsui Chemicals Inc

10.13. Merck KGaA

10.14. Everlight Chemical Industrial Co.

ALLRESIST GmbH

Asahi Kasei Corporation

DJ Microlaminates

DuPont

FUJIFILM Holdings America Corporation

JSR Corporation. 

Microchemical GmbH

Shin-Etsu Chemical Co., Ltd

Sumitomo Chemical Co., Ltd.

TOKYO OHKA KOGYO CO., LTD. 

LG Chem

Mitsui Chemicals Inc

Merck KGaA

Everlight Chemical Industrial Co.