Asia Pacific Photoresist and Photoresist Ancillaries Market to Grow at a CAGR of 5.9% to reach US$ 3,205.8 million from 2020 to 2027

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

Publication Month : Jun 2020

  • Report Code : TIPRE00011567
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 146
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The Asia Pacific photoresist and photoresist ancillaries market was valued at US$ 1,919.2 million in 2018 and is expected to grow at a CAGR of 5.9% during 2019–2027 to reach US$ 3,205.8 million by 2027.

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.

Asia Pacific Photoresist and Photoresist Ancillaries Market

Asia Pacific Photoresist and Photoresist Ancillaries Market
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Market Insights   

Increasing demand from various applications to favor Asia Pacific photoresist and photoresist ancillaries market growth

Rising demands from various applications such as semiconductors and ICs, LCDs, and printed circuit boards are driving the growth of the photoresist and photoresist ancillaries market across Asia Pacific. One of the key factors for the growth the photoresist and photoresist ancillaries market is their use in flat-panel displays. As these displays are thinner, lighter, and more energy-efficient, they are preferred over other displays, thereby stimulating the market growth in developed and developing countries such as China, India, and Japan. Furthermore, photoresists are used in wiring configuration of multi-layered semiconductor manufacturing, which forms a key part of laptops, computers, music players, phones, servers, and household appliances. Increasing demand for these products among the electronics industries and other customers has created an attractive market for photoresist. Therefore, technological advancements in display technology and growth in the semiconductor industry are projected to boost the demand for photoresists and photoresist ancillaries during the forecast period.      

Photoresist Type-Based Market Insights

The Asia Pacific photoresist and photoresist ancillaries market is segmented into photoresist type, photoresist ancillaries type, and applications. The ArF immersion photoresist segment, by photoresist type, in 2018, held the largest share of the Asia Pacific photoresist and photoresist ancillaries market. ArF Immersion Photoresist are defined as the photoresist materials in the 193nm range and are widely used to manufacture products such as smartphones, PCs, automobiles, electrical appliances, and others. They may be categorized by 65 nm/120 nm pitch dense contact hole or 65 nm/180 nm pitch semi-dense contact hole, and 65 nm ISO contact hole. They are considered as an excellent process window displaying critical dimension (CD) uniformity allowing better profile shape of the product. Also, the overall process costs are minimized as the topcoat is used in these materials. Further, they exhibit superior DOF margin, minimal defectivity, and excellent lithography with low Mask Error Enhancement Factor (MEEF). ArF immersion photoresist finds applications in micro and nanometer level processing and provides optimal photoresist solution for manufacturing several smaller electronic devices with extended functions.

Photoresist Ancillaries Type-Based Market Insights

The remover segment is estimated to grow at the fastest rate in the Asia Pacific photoresist and photoresist ancillaries market. The edge bead removers are extensively deployed in photolithography mechanism for eliminating the edge bead build-ups at the time of spring coating process. Various industrial capabilities have established integrated edge-bead removal system within their spin stations. These removers are comparatively more effective on multi-layer products than on the single-layer devices. Edge bead removers are purposely designed to immediately initiate the process of removal by directing a stream of the removers near the edge of the wafer when it is spinning. Under the controlled spin speed and proper handling of edge bead remover’s nozzle position, the resist edge bead is eliminated. Several companies are involved in the manufacturing of a complete line of edge bead remover solutions, which can offer world-class edge bead removal along with ensuring maintenance of the industry standard for purity, packaging, and environmental protection. Companies such as Dupont and Kayaku Advanced Materials, Inc. are involved in providing solutions related to edge bead removers.

Application-Based Market Insights

The Asia Pacific photoresist and photoresist ancillaries market is segmented into photoresist type, photoresist ancillaries type, and applications. The printed circuit boards segment is estimated to grow at the fastest rate in the Asia Pacific photoresist and photoresist ancillaries market. Printed circuit boards are widely deployed in the products of communications, information technology, automobiles, semiconductors, and other components. Printed circuit boards can be segregated on the basis of materials, process technology, and applications into several products forms such as flexible PCB, rigid PCB, rigid-flexible composite PCB, and IC boards.

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.

Rest of Asia Pacific Photoresist and Photoresist Ancillaries Market, by Application

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ASIA PACIFICPHOTORESIST AND PHOTORESIST ANCILLARIES MARKET SEGMENTATION

By Photoresist Type

  • ArF Immersion Photoresist
  • ArF Dry Photoresist
  • KrF Photoresist
  • G-line and I-line Photoresist

By Photoresist Ancillaries Type

  • Anti-reflective Coatings
  • Remover
  • Developer
  • Others

By Application

  • Semiconductors and ICs
  • LCDs
  • Printed Circuit Boards
  • Others


Company Profiles

  • 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.
  • Fujifilm Corporation
  • JSR Corporation
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Photoresist Type,Photoresist Ancillaries Type, Application, and Country

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, China, Japan, South Korea

The List of Companies - Asia Pacific Photoresist and Photoresist Ancillaries Market

  1. MERCK KGaA
  2. Sumitomo Chemical Co., Ltd.
  3. TOKYO OHKA KOGYO CO., LTD
  4. Micro Resist Technology GmbH
  5. Shin-Etsu Chemical Co., Ltd
  6. DJ Microlaminates, Inc.
  7. DuPont de Nemours, Inc.
  8. Fujifilm Corporation
  9. JSR Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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