Global Negative Photoresist Chemicals Market Analysis and Forecast 2022-2030
The global Negative Photoresist Chemicals Market is projected to grow at a CAGR of 5.2% during the forecast period 2022 to 2030.
Negative Photoresist Chemicals Market Overview:
Photoresist chemicals are defined as light-sensitive materials that change their structure when exposed to ultraviolet (UV) light. They are used in a wide range of industrial processes to form surface coatings and are particularly employed in the electronics industry to manufacture semiconductors. Increasing demand for high-performance circuit boards and semiconductor chips is driving the sales of photoresist chemicals, which in turn is expected to boost the growth of the negative photoresist chemicals market. There are two types of photoresist chemicals: positive and chemical. Negative photoresists offer greater process latitude, faster picture speeds, and significantly lower operating costs. Negative photoresists also have improved adhesion to certain substrate materials, making them a viable option over the positive variants in some cases.
Negative photoresist is mainly composed of crude oil, so there is a possibility that the cost will increase as the price of crude oil rises. Growing environmental concerns are also hindering the sale of negative photoresist chemicals. This has further spurred leading companies in the negative photoresist chemistry market to incorporate advanced technologies to manufacture bio-based or organic variants.
Negative Photoresist Chemicals market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Negative Photoresist Chemicals market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
Significant Negative Photoresist Chemicals Market Dynamics and Growth Factors:
Growth in the electronics industry owing to increasing demand for advanced electronic products is expected to drive the negative photoresist chemicals market. Increasing PV installations due to increasing energy requirements is expected to boost the sales of negative photoresist chemicals over the forecast period. Negative photoresist chemicals and proprietary solvent mixtures are expected to create new trends in the negative photoresist chemicals market.
However, the storage conditions required for negative photoresist chemicals are expected to increase the cost of negative photoresist chemicals, hindering the sale of negative photoresist chemicals. Additionally, the temperature stability provided by some negative photoresist chemistries is not appreciable and this is expected to limit the sales of negative photoresist chemistries in certain end uses such as silicon wafers.
The Negative Photoresist Chemicals market research report is categorized based on type, applications and region.
Market Key Players:
Fujifilm Holdings America Corporation, Mitsui Chemicals America, Inc., The Dow Chemical Company, Shiny Chemical Industrial Co., Ltd, Transene Company, Inc., MicroChem Corp, Sumitomo Chemical Advance Technologies, JSR Corporation, Tokyo Ohka Kogyo America, Inc., and others.
By Product Type:
By Coating Type:
By End User:
- Silicon Wafers
- Printed Writing Boards
Geographically, the global Negative Photoresist Chemicals market has been analysed in various regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).
North America is expected to provide lucrative growth opportunities for negative photoresist chemicals sales over the forecast period, owing to the presence of a well-established electronics industry and increasing PV installations in the region.
The APAC region has witnessed significant growth in the electronics industry due to demand from developing countries such as China and India. PV installations in China and India have also boosted the electronics industry in the region. These factors are expected to create a platform for the growth of the negative photoresist chemicals market in the APAC region.
The Middle East & Africa region is expected to witness growth in the electronics industry due to rising disposable incomes of residents in the Middle East and increasing PV installations in the region. Growth in the electronics industry is expected to boost sales of negative photoresist chemicals in the coming years.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Negative Photoresist Chemicals Market report scope
Key Takeaways from this Negative Photoresist Chemicals Report
- Estimate Negative Photoresist Chemicals market potential through analysing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Negative Photoresist Chemicals market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions
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