The report "Photoresist & Photoresist Ancillaries Market by Application (Semiconductor & IC,LCD, PCB), Photoresist Type (ArF Immersion, ArF Dry Film, KrF, G-line & I-line), Ancillary Type (Anti-reflective Coating, Remover, Developer), Region - Global Forecast to 2025", size is estimated to be USD 3.3 billion in 2020 and projected to reach USD 4.2 billion, by 2025, at a CAGR of 4.8%. The growth of the market is attributed to increasing demand for high-end semiconductors chip or ICs for applications such as nano-devices, IoT, 5G, and artificial intelligence.

COVD-19 impact on the semiconductor industry:

The Global photoresist and photoresist ancillaries market is impacted by the COVID 19, due to the disruption in the semiconductor industry globally:

During the pandemic situation, the shutdown of the manufacturing industry operations, such as automotive and other industries, had a severe impact on the semiconductor industry. At the same time, declining demand for consumer electronic products and devices, coupled with declining per capita spending across the globe, had a severe impact on the electronics and semiconductor industry. Moreover, disruption of the supply chain had a widened gap between the supply-demand, which, in turn, resulted in an increase in the raw material prices. Export growth is also expected to reduce drastically. Recovery is expected in the second half of the year, provided there is no emergence of another wave of the epidemic, and countries manage to control the spread quickly and resume normalcy.

Request a Report Sample to Gain Valuable Insights at https://www.marketsandmarkets.com/requestsampleNew.asp?id=184731291

China managed to recover from the repercussion of the COVID-19 pandemic. However, there are frequent instances of new cases in certain pockets. China is likely to recover in the second half of the year. However, the Eurozone, one of the hardest-hit regions, will undergo a recession throughout 2020. Also, Taiwan, which is the largest consumer of photoresist and photoresist ancillaries, was not much affected by COVID 19, and most of its industry was back on track quite early. Within the Eurozone, Germany, a manufacturing hub, will recover at a much slower pace than the other countries. The US economy is also likely to see an unprecedented slump, with unemployment set to rise. Recovery will be slow and will only be seen in the second half of the year

The impact of the COVID-19 pandemic is expected to be high in the semiconductor and ICs sector. This sector accounts for a major share of the photoresist and photoresist ancillaries market. The pandemic has led to the shutdown of many production plants and closure of business segments. Intel Group, the largest chip manufacturer in North America, was short on production, and COVID 19 scenario further worsened their performance and is expected to cease their domestic production for the future. Similarly, the demand for LCD was also affected globally, which led to Samsung announcing to stop the production of LCD for the future. These factors are likely to impact the consumption of photoresist and photoresist ancillaries in the coming years. The supply chain for the semiconductor industry was already affected by the US-China trade war, which was further impacted due to lockdown and stay at home orders put in place globally.

One positive impact of the COVID 19 on the photoresist and photoresist ancillaries market was the growth in the demand production of sensors. Many countries are using new diagnostic systems for the detection and prevention of COVID 19, which has led to an increase in the consumption of sensors. The COVID-19 pandemic has slowed the photoresist and photoresist ancillaries market, but the market is expected to pick up from 2021 onwards

“Anti-reflective coatings segment is the largest photoresist ancillaries in the overall photoresist and photoresist ancillaries market.”

The anti-reflective coatings segment is projected to register an above-average CAGR between 2020 and 2025 due to its properties, such as preventing light spreading and high resolution. Due to the growing usage of photoresist, the demand for ancillaries is also expected to grow in tandem.

“G-line is projected to be the fastest-growing photoresist by type in the overall photoresist and photoresist ancillaries market.”

The G-line segment is projected to register the fastest growth between 2020 and 2025 due to its increasing application in the production of various types of sensors. The major end-use applications are automotive power semiconductors, sensors, and LCDs. The G-line segment will be driven by the growth of automotive power semiconductors and sensors during the forecast period.

“Semiconductors & ICs application is expected to be the largest application in the photoresist and photoresist ancillaries market.”

Semiconductors are the devices made from materials that conduct under specific conditions. ICs are the smaller version of circuit boards consisting of thousands of small electronic components such as resistors, capacitors, and transistors. ICs are used in numerous electronic devices, including smartphones, mobile devices, PCs & laptops, tablets, and advanced gaming devices. The continuously increasing demand for the cutting edge chips and ICs due to the upcoming trends such as 5G, AI, and IoT is driving the market for photoresist and photoresist ancillaries in this application.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solutions for Your Business at https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=184731291

The key companies profiled in the photoresist and photoresist ancillaries market report are Tokyo Ohka Kogyo Co., Ltd (Japan), JSR Corporation (Japan), DuPont (US), Shin-Etsu Chemical Co., Ltd (Japan), Fujifilm Corporation (Japan), Sumitomo Chemical Co., Ltd. (Japan), ALLRESIST (Germany), Merck Group (Germany), Micro Resist Technology (Germany), and DJ MicroLaminates (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.