Photoresist Electronic Chemical Market Poised for Growth, Expected to Reach .12 Billion by 2028
Photoresist Electronic Chemical Market Poised for Growth, Expected to Reach .12 Billion by 2028

Photoresist Electronic Chemical Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

The Business Research Company’s Photoresist Electronic Chemical Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

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LANDON, GREATER LANDON, UK, June 27, 2024 / — The global market for photoresist electronic chemicals, specialized for semiconductor manufacturing and microelectronics, is experiencing robust growth. It is projected to increase from $10.18 billion in 2023 to $11.14 billion in 2024, marking a compound annual growth rate (CAGR) of 9.4%. This growth is driven by advancements in microelectronics, increasing demand for consumer electronics, and the globalization of electronics manufacturing.

Expanding Applications Drive Market Growth
The photoresist electronic chemical market is anticipated to continue its strong growth trajectory, reaching $15.12 billion by 2028, with a CAGR of 7.9%. Factors contributing to this growth include the expansion of the Internet of Things (IoT), integration of artificial intelligence (AI) and machine learning, the electric vehicle (EV) revolution, and a heightened focus on environmental sustainability and supply chain resilience.

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Key Players and Market Trends
Major companies such as BASF SE, Honeywell International Inc., and Merck KGaA are at the forefront of the photoresist electronic chemical market, focusing on innovation to meet industry demands. For instance, Merck KGaA introduced the green solvent AZ 901 remover, enhancing performance while reducing environmental impact in semiconductor manufacturing.

Market Segments
• Type: Positive, Negative
• Substrate: Silicon, Glass, Metal, Other Substrates
• Application: Semiconductor Manufacturing, Printed Circuit Boards (PCBs), Liquid Crystal Displays (LCD), Micro-Electro-Mechanical Systems (MEMS), Other Applications
• End User: Semiconductor Industry, Electronics Industry, Display Industry, MEMS Industry, Other Industries
Geographical Insights: North America Leads

North America emerged as the largest region in the photoresist electronic chemical market in 2023. The region’s technological advancements and strong presence of semiconductor manufacturing contribute significantly to its market leadership.

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Photoresist Electronic Chemical Global Market Report 2024 from TBRC covers the following information:
1. Market size data for the forecast period: Historical and Future
2. Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
3. Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Photoresist Electronic Chemical Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on photoresist electronic chemical market size, photoresist electronic chemical market drivers and trends, photoresist electronic chemical market major players, competitors’ revenues, market positioning, and market growth across geographies. The photoresist electronic chemical market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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Article originally published on as Photoresist Electronic Chemical Market Poised for Growth, Expected to Reach $15.12 Billion by 2028