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Photoresist And Photoresist Ancillaries Market to witness remarkable proceeds over 2024, global industry valuation to exceed USD 6 Bn by 2024

Author : Rahul Varpe | Published Date : 2019-03-29 

On the basis of products, Photoresist And Photoresist Ancillaries Market can be categorized into edge bead removers, antireflective coatings, photoresist developers, along with other products. Edge bead removers find application in edge-bead removal process during spring coating in photolithography and its market size is expected to be around USD 600 million in 2024.

Rising trend of microfabrication in semiconductors industry is providing a significant impetus to Photoresist and Photoresist Ancillaries Market. Photoresist ancillaries emerged as a core material used in various processes like photo graving. The escalating market demand for semiconductors from electronics and telecommunication industry is likely to leave a subsequent influence on the product demand.

With the globe treading on the path of advanced display, photoresist and photoresist ancillaries market is witnessing a renewed commercialization. From CRT to light emitting diode, photoresist ancillaries are in high demand as they enhance the efficiency of Photolithography, which is a crucial process in the electronics sector. Holding a market valuation of USD 3.5 billion in 2016, photoresist and photoresist ancillaries market is slated to carve a profitable road map in the years ahead with 6.5% CAGR over 2017-2024.

To access a sample copy or view the Photoresist & Photoresist Ancillaries Market report in detail along with the table of contents, please click the link below: www.gminsights.com/request-sample/detail/1581

Worldwide, photoresist and photoresist ancillaries industry is somewhat consolidated with top four firms covering 75% of the overall volume. Key market players are striving to expand their business by adopting various strategies such as alliances, increased production capacity, and huge research investments. 

Global semiconductor industry collected a phenomenal revenue of USD 300 billion in 2016. The remarkable growth of the industry is leaving a parallel impact on photoresist and photoresist ancillaries market size. The overall industry share from integrated and semiconductors application is likely to scale high in the years ahead, subject to the growing demand for semiconductors. Other than semiconductors and integrated circuits, photoresist and photoresist ancillaries market also finds application in sensors, nanoelectromechanical systems, microelectromechanical systems, and printed circuit boards.

Considering the product trends, photoresist market is fragmented into ArF dry, ArF immersion, G-line and I-line, and KrF grades. Increasing proliferation of microelectronics is likely to drive KrF grade market demand. ArF immersion will also contribute significantly toward the overall photoresist and photoresist ancillaries industry share, with a target revenue to exceed USD 1 billion by the end of 2024.

Regionally, photoresist and photoresist ancillaries market demand is quite heavy across APAC belt. Expanding electronics and communication industry is the prime factor that can be credited for the regional growth. With China and South Korea at the growth front, Asia Pacific photoresist and photoresist ancillaries market is projected to record USD 4 billion by the end of 2024. Along the same lines, North America is also likely to experience a strong command over the global industry. With a valuation of USD 350 million in 2016, the regional market is anticipated to witness substantial growth over 2017-2024.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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