Photoresist Market is predicted to reach USD 7.285 billion at a CAGR of 5.50% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Photoresist Market”.

The photoresist market is estimated to register a CAGR of 5.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global photoresist market - JSR Corporation (Japan), Tokyo Ohka Kogyo Co., Ltd. (Japan), Shin-Etsu Chemical Co., Ltd. (Japan), Fujifilm Corporation (Japan), and Sumitomo Chemical Co., Ltd. (Japan)

Market Highlights

The global photoresist market is accounted to register a CAGR of 5.50% during the forecast period and is estimated to reach USD 7.285 billion by 2032.

Increased demand for consumer electronics like laptops, smartphones, tablets, LCDs, high-speed servers, gaming consoles, microelectronics, and other electronic devices, as well as rising disposable income, are the key factors propelling the global market's revenue growth. Other factors include the rapidly growing global population and the automotive sector. Furthermore, the world market is anticipated to increase in the future because to the quick advances in semiconductor technology, the rising demand for dynamic display technology, the widespread use of ArF immersion light sources for high resolution and low flaws, and the rising investment in the development of novel products.

Segment Analysis

The global photoresist market has been segmented into application, ancillary type, and photoresist type.

On the basis of application, the market is segmented into Semiconductor & IC, and LCD. The semiconductor & IC segment was attributed to holding the largest market share in 2022. This can be attributed to several factors, including the rapidly growing consumer electronics market, developments in semiconductor and integrated circuit technology, the pervasive use of semiconductors in luxury cars and other electronic devices, and the rising demand for tablets, laptops, smartphones, and other electronic devices.

Based on ancillary type, the global photoresist market has been segmented into Anti-reflective Coating, Remover, Developer. The anti-reflective coating segment was expected to hold the largest market share in 2022. Several factors are driving the growth of the anti-reflect coatings category, including as the expansion of the automotive and electronics sectors, the expanding need for semiconductors, and the growing usage of innovative packaging technologies.

On the basis of photoresist type, the market is segmented into ArF Immersion, ArF Dry Film, KrF, G-line & I-line. The ArF immersion segment was attributed to holding the largest market share in 2022. ARF immersion photoresist finds extensive application in semiconductors. Circuits for Large Scale Integration (LSI) often use ARF immersion photoresist. The higher refraction index of the immersion and the narrower wavelength of the ARF light source assist photoresist users meet their needs for more compact, feature-rich products.

Regional Analysis

The global photoresist market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe photoresist market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The photoresist market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World photoresist market comprises of Middle East, Africa, and Latin America.

The largest market share for photoresist was maintained by the North American regional sector as a result of the region's growing demand for consumer goods and the growing use of cellphones. The growth of the electrical and electronics sectors in the US contributed significantly to the rise in demand for the regional market.

Moreover, the Europe market has been persistently growing over the forecast period. The prominence of consumer electronics and smart devices, for example, will lead to an expansion of the market in the region. Additionally, the working class population's increasing disposable income over the forecast period will fuel a steady increase in their interest in electronic devices, which will further boost the market.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. Growth in the Asia Pacific market is anticipated to be driven by factors such as rising disposable income, quick urbanization, rising demand for passenger cars, light and heavy commercial vehicles, the presence of leading manufacturers, and growing investments in R&D.

Furthermore, the rest of the world's photoresist market is divided into the Middle East, Africa, and Latin America. The expanding automotive and electronics sectors, the growing adoption of innovative packaging technologies, and the region's growing need for semiconductors are the main drivers of the Middle East, Africa, and Latin America photoresist market's growth.

Key Findings of the Study

• The global photoresist market is expected to reach USD 7.285 billion by 2032, at a CAGR of 5.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market driven by a number of variables, including expanding R&D spending, fast urbanization, rising demand for passenger automobiles and light- and heavy-duty commercial vehicles, the presence of top manufacturers, and rising disposable income.


• Based on application, the semiconductor & ICs segment was attributed to holding the largest market in 2022, with an approximate market share of 60%.


• JSR Corporation (Japan), Tokyo Ohka Kogyo Co., Ltd. (Japan), Shin-Etsu Chemical Co., Ltd. (Japan), Fujifilm Corporation (Japan), and Sumitomo Chemical Co., Ltd. (Japan)