Photoresist Producers and Photoresist Market Trend

The photoresist is a light-sensitive polymer material. It has three components: photographic resin, sensitizer, and solvent. According to the application, photoresists can be divided into semiconductor photoresists, flat panel display (FPD) photoresists, and printed circuit board (PCB) photoresists. Among them, photoresist for flat panel display is the largest end-use, accounting for 28.1% market share.

The global photoresist market size was 7.75 billion USD in 2017 and will grow to 9.43 billion USD in 2022, with a CAGR of 4.0% from 2017 to 2022. The global photoresist market size is expected to reach USD 12.25 billion in 2027, with a CAGR of 5.4% from 2022 to 2027.

Figure 2017-2027 Global Photoresist Market Size (Billion USD) and CAGR
Photoresist has very high technical barriers, so there are only several suppliers worldwide. The global top five photoresist manufacturers are TOK, JSR, Shin-Etsu Chemical Co., DOW, and FUJIFILM with a 79.5% market share.