The growth in the production of semiconductors, rising need for high-performance electronics, and continuous shrinking of electronic components are some of the factors that are fueling the worldwide photoresist industry. The use of such chemicals finds application in integrated circuits, printed circuit boards, flat panel displays, LEDs, MEMS, and advanced microelectronic devices. There is an increasing demand for high-resolution products owing to the shift toward smaller chips.
According to SNS Insider, the Photoresist Market size accounted for USD 4.89 billion in 2024 and will be estimated to account for USD 7.61 billion by 2032, registering a CAGR of 5.68% during 2025 to 2032. Growing demands for semiconductors, growth in 300 mm wafers fabs, adoption of EUV lithography, and growth in manufacturing of AI, 5G, automotive, and IoT devices are driving the growth of photoresists. Over 75% of the photoresist usage is due to advanced IC manufacturing and memory manufacturing.
To Get more information On Photoresist Market - Request Free Sample Report
Below are 5 Companies Making Significant Contributions to Innovation in The Global Photoresist Market.
JSR Corporation
JSR Corporation is one of the significant semiconductor materials suppliers in the industry, specializing in the development of innovative photoresists suitable for high-tech lithography processes. JSR Corporation product line serves semiconductor companies that need to enhance their capability in achieving higher resolution, better pattern quality, thermal resistance, and etchability for future-generation chip production. For instance, JSR Corporation broke ground in November 2024 for the construction of its first semiconductor photoresist plant in Korea, which will start its operation in 2026. It will be capable of supplying advanced metal oxide resist materials to the semiconductor industry's leading players.
Tokyo Ohka Kogyo
Tokyo Ohka Kogyo manufactures photoresist materials and other high-performance materials utilized in the manufacturing of semiconductors and electronics. The products offered by the company serve as an integral part of lithography technologies that require high level of precision and high level of sensitivity. The development of advanced photoresist materials by the company can be considered as a response to the trend towards increasing complexity of semiconductor designs. The increased use of EUV and other high resolution lithography technologies leads to the growing demand for advanced materials.
Shin-Etsu Chemical
Shin-Etsu Chemical Company manufactures advanced semiconductor materials used in electronic component production. The company's technology is aimed at enabling high-quality lithography, high-resolution printing and effective semiconductor manufacturing as modern electronics continue to become more complicated and miniaturized. The growth of applications in artificial intelligence, 5G networks, internet-of-things devices and vehicles' electronics results in the increased need for advanced semiconductor materials. Further development of highly advanced photoresists will be able to meet the needs of modern manufacturing technologies.
Fujifilm
Fujifilm has been strengthening its portfolio in semiconductor materials through innovation in advanced products for wafer manufacturing and electronics fabrication. Fujifilm’s innovations in photoresists and associated materials are intended to meet the increasing demands of accuracy, performance and reliability in electronics fabrication. For example, in September 2024, the company launched a new venture in the semiconductor materials segment of India and also attended SEMICON India 2024. This move is a result of the rising opportunities in the Indian semiconductor landscape, as well as to enhance its presence in the emerging electronics manufacturing industry of the region.
Sumitomo Chemical
Sumitomo Chemical produces innovative semiconductor materials, such as photoresists intended for use in difficult lithography processes. The company’s innovations enable manufacturers to achieve higher resolution, process reliability, and patterning accuracy due to shrinking size and growing power of semiconductor devices. Rising demands for cutting-edge semiconductors that can be used in such applications as artificial intelligence, telecommunication equipment, automotive electronics, and supercomputers create a market for novel photoresist technologies. Further innovations in materials for advanced lithography are expected to meet the needs of semiconductor manufacturers.
The Road Ahead
The Photoresist market is forecasted to sustain consistent growth due to continuous advancements and investment made by the manufacturers in the advanced manufacturing techniques and superior electronic devices. The adoption of EUV lithography in smaller process nodes and advancement of ArF immersion lithography is providing opportunities for the development of unique photoresist types. Moreover, the semiconductor application segment is anticipated to be one of the dominating segments due to increasing demand for chips in various fields like AI, 5G, IoT, Automotive Electronics, and HPC.
The Asia Pacific region is forecasted to continue to be the dominant regional market, backed by the wide presence of semiconductor manufacturing activities in China, Japan, South Korea, and Taiwan. The fastest growth is expected in North America, fueled by investments in semiconductor manufacturing, technological advancements, and high demand from applications such as artificial intelligence, automotive, and telecommunication. Europe is forecasted to take advantage of the growing semiconductors industry, and electronics in the automotive and healthcare sectors; whereas, Latin America and the Middle East and Africa regions are anticipated to register steady growth.
