Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 178.4 Million | USD 374.25 Million | 7.1% | 2024 |
The global thick film photoresist market size was worth around USD 178.4 Million in 2024 and is predicted to grow to around USD 374.25 Million by 2034 with a compound annual growth rate (CAGR) of roughly 7.1% between 2025 and 2034. The report analyzes the global thick film photoresist market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the thick film photoresist industry.
A photoresist, often referred to as a resist, is a substance that reacts to light and is employed in several techniques, including photolithography and photoengraving, to create patterned coatings on surfaces. In the electronics sector, this procedure is essential. A substrate is first coated with a light-sensitive organic substance in the procedure. The surface is then covered with a pattern mask to filter light, exposing just the areas of the material that are not covered. The surface is subsequently treated with a developer, a kind of solvent. The developer will dissolve away the areas that were exposed to light in the event of a positive photoresist, leaving behind a coating where the mask was applied. Light degrades the photo-sensitive material in this scenario. In the case of a negative photoresist, the photosensitive substance is reinforced (either polymerized or cross-linked) by light, and the developer will only remove the parts that were not exposed to light, leaving a coating in the places where the mask was not applied.
Increasing automotive industry drives market growth
Autonomous driving technology, radar systems, and other electronic components are continuously being incorporated into the automobile industry. High-performance automobile electronics may be produced using thick film photoresists. Thus, the growing automotive industry is expected to drive the global thick film photoresist market growth over the forecast period. For instance, according to a report by ACEA, the number of new cars registered worldwide in 2022 increased to 66.2 million units as sales increased in the final three months of the year. The trend in demand, nevertheless, is still significantly below pre-pandemic 2019 levels. Thereby, driving the revenue growth of the market.
Availability of substitutes hamper the market growth
One of the key barriers for the thick film photoresist industry is competition from developing non-photolithographic methods like direct laser writing and thin film photoresists. Adoption of thick film photoresists in particular applications may be hampered by the availability of alternatives that have better resolution, economic viability, or environmental sustainability. Thus, this is expected to act as a major restraining factor to the market growth during the forecast period.
The rapid expansion of 5G networks offers an attractive opportunity for market growth
Thick film photoresists have an opportunity to be used in the manufacturing of RF (Radio Frequency) components, including filters, amplifiers, and switches, which are crucial for 5G infrastructure due to the worldwide deployment and expansion of 5G networks. For instance, according to the report published by Ericsson, by the end of 2022, 4G population coverage had reached over 85% worldwide, and by 2028, it was expected to have reached over 95%. Currently, 816 4G networks are operating globally, 336 of which have been upgraded to LTE-Advanced, and 62 of which provide gigabit speeds. Additionally, there have been about 240 networks launched globally as part of the ongoing 5G rollout. By the end of 2022, around 35 percent of the world's population will have access to 5G; by 2028, that number is expected to rise to almost 85 percent. Therefore, the aforementioned stats are expected to offer a lucrative opportunity for thick film photoresist market growth over the forecast period.
Environmental and regulatory concern poses a challenge to market growth
Stricter compliance requirements and higher manufacturing costs may result from environmental restrictions and worries about the potentially harmful chemicals used in particular photoresist materials. Alternatives that are greener and more sustainable may be needed by businesses; nevertheless, these can be expensive and influence profit margins. Thus, this is expected to pose a major challenge to the market growth during the forecast period.
Report Attributes | Report Details |
---|---|
Report Name | Thick Film Photoresist Market |
Market Size in 2024 | USD 178.4 Million |
Market Forecast in 2034 | USD 374.25 Million |
Growth Rate | CAGR of 7.1% |
Number of Pages | 208 |
Key Companies Covered | JSR, TOKYO OHKA KOGYO CO.Ltd. (TOK), Merck KGaA (AZ), DuPont, Shin-Etsu, Allresist, Futurrex, KemLab™ Inc, Youngchang Chemical, Everlight Chemical, Crystal Clear Electronic Material, Kempur Microelectronics Inc, Xuzhou B & C Chemical, and others. |
Segments Covered | By Type of Photoresist, By Application, By End-Use Industry, By Formulation, By Thickness Level, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2024 |
Forecast Year | 2025 to 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global thick film photoresist market is segmented based on Type of Photoresist, Application, End-Use Industry, Formulation, Thickness Level, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on Type of Photoresist, the global thick film photoresist market is divided into Positive Photoresist, Negative Photoresist, Hybrid Photoresist.
On the basis of Application, the global thick film photoresist market is bifurcated into Microelectronics, Optoelectronics, MEMS (Micro-Electro-Mechanical Systems), Solar Cells, Packaging Solutions.
By End-Use Industry, the global thick film photoresist market is split into Consumer Electronics, Automotive, Aerospace and Defense, Healthcare and Medical Devices, Telecommunications.
In terms of Formulation, the global thick film photoresist market is categorized into Solvent-Based Formulation, Water-Based Formulation, Powder-Based Formulation.
By Thickness Level, the global Thick Film Photoresist market is divided into Low Thickness (up to 10 andmicro;m), Medium Thickness (10 andmicro;m to 50 andmicro;m), High Thickness (above 50 andmicro;m).
The Regional, segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global thick film (or thick layer) photoresist market is heavily region-diversified, with the Asia–Pacific region controlling the lion’s share (around 40–45 % of revenue in 2023–24) and also leading in growth (projected CAGR 7–9 %) due to its major semiconductor hubs in China, Japan, South Korea, and Taiwan and heavy investments in advanced packaging and MEMS. North America ranks second (about 22–30 % share) and grows moderately (CAGR ~5–6 %), thanks to strong R&D, semiconductor infrastructure, and automotive electronics . Europe holds roughly 18–20 %, with steady ~4–5 % CAGR, driven by packaging technologies, automotive and electronics sectors, and increasing eco‑friendly resist adoption . Emerging markets—Latin America, the Middle East, and Africa—together contribute a smaller slice (~12–15 %) but are enjoying rising demand fueled by electronics, urbanization, and infrastructure growth, despite regulatory and supply‑chain challenges .
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the thick film photoresist market on a global and regional basis.
The global thick film photoresist market is dominated by players like:
The global thick film photoresist market is segmented as follows;
By Type of Photoresist
By Application
By End-Use Industry
By Formulation
By Thickness Level
FrequentlyAsked Questions
A photoresist, often referred to as a resist, is a substance that reacts to light and is employed in several techniques, including photolithography and photoengraving, to create patterned coatings on surfaces. In the electronics sector, this procedure is essential. A substrate is first coated with a light-sensitive organic substance in the procedure. The surface is then covered with a pattern mask to filter light, exposing just the areas of the material that are not covered. The surface is subsequently treated with a developer, a kind of solvent.
The global thick film photoresist market is expected to grow due to increasing demand for advanced packaging technologies in semiconductors, the miniaturization and growing complexity of electronic devices (like those for AI, 5G, and IoT), and the rising adoption of MEMS and 3D integration applications.
According to a study, the global thick film photoresist market size was worth around USD 178.4 Million in 2024 and is expected to reach USD 374.25 Million by 2034.
The global thick film photoresist market is expected to grow at a CAGR of 7.1% during the forecast period.
Asia-Pacific is expected to dominate the thick film photoresist market over the forecast period.
Leading players in the global thick film photoresist market include JSR, TOKYO OHKA KOGYO CO.Ltd. (TOK), Merck KGaA (AZ), DuPont, Shin-Etsu, Allresist, Futurrex, KemLab™ Inc, Youngchang Chemical, Everlight Chemical, Crystal Clear Electronic Material, Kempur Microelectronics Inc, Xuzhou B & C Chemical, among others.
The report explores crucial aspects of the thick film photoresist market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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