PHOTORESIST CHEMICALS MARKET ANALYSIS

Photoresist Chemicals MarketSize and Trends

Market Outlook

• Growing electronics & semiconductor industry is expected to propel demand for photoresist chemicals. For instance, according to a report by Semiconductor Industry Association (SIA), July 2018, worldwide sales of semiconductors reached to US$ 38.7 billion in May 2018, recording a growth of around 21.0% in comparison with US$ 32.0 billion accounted in May 2017.
• However, stringent regulations associated with usage of photoresist chemicals due to environmental and occupational health risks are expected to hamper the market growth.
• Based on application, photoresist chemicals market is segmented into microelectronics, fabrication of printed circuit boards, sand carving, and others. In microelectronics, photoresist chemicals are generally applied to silicon-integrated circuits/silicon wafers. Other applications of photoresist in patterning and etching of substrates include, glass printed circuit boards, MEMS, and other micropatterning
• Photoresist chemicals are used in holography, biomedical engineering, and micromachining. Technological innovations in the field on flat-panel displays (lithography systems such as advent of LCDs and OLEDs, enabling higher definition and clear images are favorable factors to upsurge photoresist chemicals demand during the forecast period.