Status Quo and Competition Analysis of the Global Photoresist Industry; Fast Market Growth in China; Japanese Enterprises Taking the Leading Position

Release time:

2023-02-06 00:00

Source:

1、 The global photoresist market continues to grow in size, and the Chinese market has great development potential

Photoresist, also known as photoresist, refers to a corrosion resistant film material whose solubility changes due to irradiation or radiation by ultraviolet light, electron beam, ion beam, X-ray, etc. The production and sales of photoresist worldwide started in the 1950s, and the overall market size has maintained growth. From 2010 to 2020, the global photoresist market grew from $5.55 billion to $8.7 billion, with a CAGR of around 4.6%. With the progress of electronic technologies such as automobiles, artificial intelligence, and national defense, it is expected that the photoresist CARG will reach 5.5% in 2020-2026, and will exceed 12 billion US dollars by 2026.

Data source: China Photoresist Industry Status Analysis and Development Trend Prediction Report (2023-2030)

According to the "In depth Analysis and Development Trend Prediction Report on the Status Quo of China's Photoresist Industry (2023-2030)" released by Guanyan Report.com, from the perspective of domestic development, with the transfer of the downstream industry of photoresist to the Asia Pacific region, China's photoresist industry has grown rapidly, growing faster than the world. According to data, the market size increased from 2.69 billion yuan to 8.74 billion yuan from 2010 to 2020, with a CAGR of 12.5%. Currently, the domestic photoresist market size accounts for no more than 20% of the global market size, with a large growth space. It is expected that China's photoresist CARG will reach 7.2% in 2020-2026, and the market scale will reach 15.64 billion yuan in 2026.

Data source: China Photoresist Industry Status Analysis and Development Trend Prediction Report (2023-2030)

2、 The downstream market distribution of photoresist is balanced, with the proportion of semiconductor photoresist continuing to grow

As a key electronic product in the fine processing technology of electronic products, photoresists are widely used in semiconductor, liquid crystal display (LCD), printed circuit board (PCB), and other fields. LCD photoresist is divided into color photoresist and black photoresist, touch screen photoresist, TFT-LCD photoresist, etc. PCB photoresist is divided into dry film photoresist, wet film photoresist, optical imaging solder resist ink, etc. Semiconductor photoresist includes G-line photoresist, I-line photoresist, KrF photoresist, ArF photoresist, EUV photoresist, etc.

Classification of photoresists

Source: China Photoresist Industry Status Analysis and Development Trend Prediction Report (2023-2030)

The demand for photoresist in the three major fields of semiconductor, liquid crystal display (LCD), and printed circuit board (PCB) accounts for over 70%, respectively accounting for 23.3%, 25.9%, and 23.6% of the global total consumption. The main reason why the demand for semiconductor photoresist applications in photoresists has increased rapidly is that with the development of new energy vehicles, 5G communications, the Internet of Things, and other industries, the demand for downstream applications such as power semiconductors, sensors, and memory has expanded, and the rapid development of the semiconductor industry has also driven the growth in demand for upstream semiconductor materials.

Data source: China Photoresist Industry Status Analysis and Development Trend Prediction Report (2023-2030)

3、 The photoresist industry is highly concentrated, with Japanese companies occupying a leading position

The performance indicators of photoresist include resolution, contrast, sensitivity, viscosity, adhesion, corrosion resistance, and surface tension. They require high production technology, mainly reflected in three aspects: formulation technology, quality control technology, and raw material technology. In addition to technical barriers, there are also customer barriers and raw material barriers in the photoresist industry. The photoresist industry has a high entry threshold and a highly concentrated market, with about 70% of CR4.

Barriers to the photoresist industry.

Source: China Photoresist Industry Status Analysis and Development Trend Prediction Report (2023-2030)

Data source: China Photoresist Industry Status Analysis and Development Trend Prediction Report (2023-2030)

From the perspective of competition, the global photoresist market is mainly monopolized by Japanese and American companies, among which Japanese companies have increased their efforts to achieve coordinated development of upstream and downstream based on policy support, firmly occupying a leading position. According to data, in 2020, Japanese companies accounted for at least 60% of the semiconductor photoresist market. In the semiconductor photoresist market segment, in 2020, Tokyo Yinghua of Japan ranked first in the world in the G/I line, KrF, and EUV photoresist markets, with 25.2%, 31.4%, and 51.8% respectively; In the ArF photoresist product market, Japan JSR ranks first in the world with a market share of 24.9%; In addition, DuPont also has a significant advantage in the G/i line photoresist market, with a market share ranking among the top two in the world.