Sarasota, FL -- (SBWIRE) -- 06/02/2017 -- Zion Market Research, the market research group announced the analysis report titled "Photoresist Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"

Global Photoresist Market: Overview

Photoresist chemicals are used in the production of sub-µm and µm-structures. They are mainly consumed in the micro-electronics industry. When exposed to ultraviolet light, these chemicals change its chemical structure. This distinctive property makes them ideal for photoengraving and photolithography processes. These processes are commonly used in manufacturing of semiconductors. There are two basic classification of photoresist chemicals; positive photoresist chemical and negative photoresist chemicals. Photoresist chemical is an important component for making semiconductor chips and circuit boards with high-performance.

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Global Photoresist Market: Segmentation

The global photoresist chemicals market is segmented into its product type, spectral line size, end-use applications, and geography. On the basis of product type, the market is classified into negative and positive products. Based on spectral line size, the market is categorized into ArF dry, ArF immersion, KrF, i-line, and g-line. On the basis of end-use application, the market is divided into fabrication of printed circuit boards, sand carving, microelectronics, and others. Diversification of the market based on geography is seen into North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.

Global Photoresist Market: Growth Factors

The photoresist market is a moderately growing market owing to factors such as increasing demand for electronic products in developing nations and rising demand for micro-electronics across the globe. Furthermore, the market growth is influenced by the rising demand for dynamic display technology and increasing research and development initiatives which will pave way for new innovative products. With absence of any other viable alternatives and incredible features offered by photoresist chemicals, market for photoresist chemical is growing significantly. However, there are certain factors which may affect the growth of the photoresist market adversely. As photoresist chemicals are made prominently from crude oil, rising prices of crude oil are expected to increase costs for photoresist chemicals. Also rising environmental concerns may hamper the market growth.

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Global Photoresist Market: Regional Analysis

The largest share in the photoresist market is held by Asia Pacific. The dominance of Asia Pacific in the market growth can be attributed to the rapidly rising demand in the electronics industry which can be seen in countries such as China, Japan, Korea, and India. Following Asia Pacific in its growth is North America and Europe. Countries such as the U.S. and Canada in North America and Germany, the U.K., Spain, Italy and France in Europe are the major contributors in these regions. Rising demand for microelectronics and improving economies of Latin America and the Middle East and Africa are expected to significantly increase the demand for photoresist chemicals in the market. Growth can be specifically seen in regions such as Mexico and Brazil in Latin America and South Africa and North Africa in the Middle East and Africa.

Global Photoresist Market: Competitive Players

Some of the major companies in the photoresist market include Honsou Chemical Industry, TOK America, Shin-Etsu Chemical, LG Chem., JSR Corporation, Mitsui Chemicals America Inc., E.I. DuPont de Nemours, Tokyo Ohka Kogyo Co. Ltd., Fujifilm Electronic Materials Co. Ltd., and The Dow Chemical Company.

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Global Photoresist Market: Regional Segment Analysis

North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa