Report : Asia Pacific Photoresist and Photoresist Ancillaries Market Forecast to 2027 - Covid-19 Impact and Regional Analysis by Photoresist Type (ArF Immersion Photoresist, ArF Dry Photoresist, KrF Photoresist, and G-line and I-line Photoresist),Photoresist Ancillaries Type (Anti-reflective Coatings, Remover, Developer, and Others), Application (Semiconductors and ICs, LCDs, Printed Circuit Boards, and Others), and Country
Growth in Semiconductor Industry to Escalate Asia Pacific Photoresist and Photoresist Ancillaries Market at CAGR of 5.9% During Forecast Period
According to the latest market study on “Asia Pacific Photoresist and Photoresist Ancillaries Market Forecast to 2027 –Covid-19 Impact and Analysis –by Photoresist Type (ArF Immersion Photoresist, ArF Dry Photoresist, KrF Photoresist, and G-line and I-line Photoresist),Photoresist Ancillaries Type (Anti-reflective Coatings, Remover, Developer, and Others), Application (Semiconductors and ICs, LCDs, Printed Circuit Boards, and Others), and Country,” the market was valued at US$ 1,919.2 million in 2018 and is expected to grow at a CAGR of 5.9% from 2019 to 2027 to reach US$ 3,205.8 million by 2027. The report includes key drivers and restraints, and it also highlights the prominent players in the market and their developments.
Photoresist are light-sensitive polymeric resins mainly used in the production of printed circuit boards, printing plates, flat-panel liquid crystal displays, magnetic recording heads, and micro electromechanical systems (MEMS). These components serve as masking materials for the transfer of images into an underlying substrate via etching processes. Photoresist ancillaries are materials such as photoresist strippers, anti-reflective coatings, developers, and edge bead removers used along with photoresist.
The photoresists and photoresist ancillaries are used in wiring configuration of multi-layered semiconductors used in the manufacturing computers, laptops, music players, phones, servers, and household appliances. The electronic industry is witnessing steady growth in developed and developing countries. The companies operating in this field use photoresist and photoresist ancillaries in products such as advanced telephones, computer systems, and related accessories, televisions and home entertainment equipment, and electronic control and monitoring devices, which have applications in many industrial and scientific areas.
Impact of COVID-19 Pandemic on Photoresist and photoresist ancillaries Market
COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then it has spread across the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst affected countries in terms confirmed cases and reported deaths as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The overall market breakdown due to COVID-19 is also affecting the growth of the photoresist and photoresist ancillaries market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
The Asia Pacific photoresist and photoresist ancillaries market is concentrated with a few well-established players such as MERCK KGaA, Sumitomo Chemical Co., Ltd., TOKYO OHKA KOGYO CO., LTD., Micro Resist Technology GmbH, Shin-Etsu Chemical Co., Ltd., DJ Microlaminates, Inc., DuPont de Nemours, Inc.
The report segments the Asia Pacificphotoresist and photoresist ancillaries market as follows:
By Photoresist Type
By Photoresist Ancillaries Type