Sellbyville, DE -- (SBWIRE) -- 05/17/2019 -- Global Market Insights recently introduced new report on global Photoresist And Photoresist Ancillaries market with an in-depth study providing complete analysis of the industry size, share and statistics for the period 2019 to 2024. It also provides complete overview of Photoresist And Photoresist Ancillaries industry considering all the major industry trends, market dynamics and competitive scenario.

Gradual growth in the semiconductor industry is likely to drive the photoresist and photoresist ancillaries market in the coming years. The product finds its use in multilayered semiconductors for wiring configurations and high density packaging which are different parts of phones, computers, laptops and servers. The product also finds use in household appliances, music players and other such products.

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The semiconductor industry worldwide, in 2016, was valued in excess of USD 300 billion and is likely to grow at a significant rate owing to economic development, superior electronic gadget demand, and increasing per capita disposable income. These factors will enhance the semiconductor market demand which in turn will boost the global photoresist and photoresist ancillaries market demand.

Stringent government regulations relating to the health and environmental hazards may in future slow down the market growth. The product is solvent-based and includes cross-linking, photosensitive chemicals, surfactants, stabilizers, polymer resins, and electronic-grade agents which give out organic compounds that are volatile and carcinogenic natured that pollute the air and are hazardous to humans. This, in future years may hamper the photoresist and photoresist ancillaries market growth.

Considering application, the photoresist and photoresist ancillaries market is classified as printed circuit boards and integrated circuits & semiconductors. The printed circuit boards hold a significant share in the total market owing to its wide applications in the defense, medical, automobile, lighting and electrical devices industry. Due to more demand in the electronics and semiconductors sector, integrated circuits and semiconductors will grow at a significant rate.

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Due to the booming electronic and electrical industries, Asia Pacific holds a substantial share in the global photoresist and photoresist ancillaries market. For instance, China, Japan and South Korea are leading the market in this region due to the outsourcing of electronic production from the U.S. and Europe to these areas. The North America p market in 2016, was valued over USD 350 million and will showcase steady growth in coming years.

The photoresist ancillaries market is segmented into four major categories on the basis of product as photoresist developers, antireflective coatings, edge bead removers, and others which consists of adhesion promoters, primers, etchers, and solvents. The photoresist developers segment is likely witness a steady growth rate in the forecast period owing to its user and environment friendly properties. Holding a considerable share in the market, edge bead removers will show healthy gains till 2024 owing to its extensive use in photolithography. Owing to multiple reflection and contrast improvement properties, antireflective coatings will gain notable photoresist and photoresist ancillaries market share in future.

The Photoresist And Photoresist Ancillaries market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Photoresist And Photoresist Ancillaries market based on product, technology, end user and region.

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Prominent players operating in the global photoresist and photoresist ancillaries market include DuPont, Dow Chemical, JSR Corporation, Tokyo Ohka Kogyo, AZ Electronic Materials, Avantor Performance Materials, FUJIFILM Electronic Materials, Sumitomo Chemical, LG Chem and Shin-Etsu Chemical to name a few.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.