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Liquid Photoresist Market Size, Share, Growth, and Industry Analysis, By Type (Positive Photoresist and Negative Photoresist) By Application (Semiconductors & ICS, LCDs, Printed Circuit Boards and Others), Regional Insights and Forecast From 2025 To 2034
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LIQUID PHOTORESIST MARKET OVERVIEW
The global Liquid Photoresist Market was valued is expected to rise to USD 2.82 billion in 2025, eventually reaching USD 5.74 billion by 2034, expanding at a CAGR of 5.1% from 2025 to 2034.
A material that is light-sensitive called photoresist is utilized in photolithography and photoengraving processes. It protects electronic equipment from harmful UV radiation. It is used in the production of printed circuit boards, microelectromechanical systems (MEMS), flat-panel liquid crystal displays, magnetic recording heads, and printing plates (PCBs). Contrarily, photoresist ancillaries are products that help the photolithography or photoengraving process be more effective and precise. Growing application in advanced semiconductors, ICs, PCBs, LCD displays, and other technology will augment the liquid photoresist market share in the forthcoming years.
KEY FINDINGS
- Market Size and Growth: The global Liquid Photoresist Market was valued is expected to rise to USD 2.82 billion in 2025, eventually reaching USD 5.74 billion by 2034, expanding at a CAGR of 5.1% from 2025 to 2034.
- Key Market Driver: Over 60% of global liquid photoresist consumption is linked to semiconductor manufacturing, with rising demand for high-density ICs and dynamic display technologies fueling rapid market expansion.
- Major Market Restraint: Petrochemical-derived feedstocks account for more than 70% of raw material inputs, making price volatility in crude oil and gas a significant constraint on production stability.
- Emerging Trends: Positive photoresist formulations now hold more than 65% market share, with ongoing innovation targeting higher resolution patterning for advanced lithography processes.
- Regional Leadership: Asia Pacific accounts for over 55% of global demand, led by China, South Korea, Japan, and Taiwan due to their strong electronics and semiconductor manufacturing base.
- Competitive Landscape: The top five players, including DuPont, JSR Corporation, and Tokyo Ohka Kogyo, collectively control over 50% of the global market, supported by strong R&D pipelines and integrated supply chains.
- Market Segmentation: The positive photoresist segment leads with more than 65% market share, while semiconductor and consumer electronics applications collectively account for over 70% of total usage.
- Recent Development: In 2024, Shin-Etsu Chemical expanded its photoresist production capacity in Japan by over 20% to meet increasing demand from advanced semiconductor fabrication facilities.
COVID-19 IMPACT
Disrupted Supply Chains to Threaten the Market Trends
The ongoing COVID-19 pandemic had a detrimental effect on the photoresist market as well as the manufacturing of electrical and electronic products. The second wave of COVID-19 also caused losses in the photoresist sector in the first few months of 2021, although the market was not as adversely hit as it was in 2020. However, it is anticipated that the impact of COVID-19 would diminish by mid-2022, restoring the market's situation to pre-COVID-19 pandemic. In addition, it will lead to an increase in photoresist-related production, strengthening the liquid photoresist market outlook during the forecast period.
LATEST TRENDS
Frequent Use of in Different Sectors to Push the Market Growth
The International Trade Association estimates that the U.S. semiconductor sector produced USD 166 billion in global sales. The U.S. has several of the top export industries, including the semiconductor and circuit manufacturing industry. Over 250,000 Americans have indirect employment in the semiconductor business, according to the Semiconductor Industry Association (SIA). Thus, the market for photoresists is projected to be driven by the semiconductor industry's fast expansion and the ongoing desire for increased component density in electronic devices. Growing semiconductor industry across North America and Asia Pacific will positively influence the liquid photoresist market outlook in the future
LIQUID PHOTORESIST MARKET SEGMENTATION
By Type
By type, market is segmented into positive photoresist and negative photoresist. The positive photoresist segment will dominate the market in the coming years.
By Application
Based on applications, the market is classified into control and guide rivers and floods, protect channels and river beds, road protection and other. The control and guide rivers and floods segment will lead the global share through forecast period.
DRIVING FACTORS
Increased Demand and Utilization to Drive the Market Forward
Since photoresist is primarily utilised in the production of consumer electronics, the market for it is expected to expand quickly. The market is anticipated to grow as a result of the expanding requirement for dynamic display technologies, the high demand for electronic goods in emerging nations, and the rising need for display technology. Additionally, the market is anticipated to rise as a result of higher demand brought on by enhanced semiconductor manufacturing and the increased need for micro-electronics globally.
Increasing Demand for Automobiles to Push the Market Growth
The liquid photoresist market, which employs photoresist materials for in-vehicle applications such display panels, will be driven by the automotive sector. Increased in-vehicle applications would be required as a result of increased automotive production, driving the photoresist industry ahead throughout the forecast period. The population is expanding, and smartphones are becoming more widely used, which will further accelerate the market's growth pace. Additionally, it is anticipated that increased consumer electronics demand, accelerated shipments of silicon wafers, and the expanding popularity of wearable technology would support market expansion.
RESTRAINING FACTORS
Volatile Cost of Oil and Gas to Lower the Market Demand
The price of oil and gas is directly linked to the photoresist chemicals since they are produced from petrochemicals. As a result, fluctuating crude oil and gas prices are anticipated to restrain market expansion. Therefore, throughout the anticipated period, this aspect will pose a challenge to the growth rate of the photoresist market. These factors could limit the global liquid photoresist market growth to some extent in the coming years.
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LIQUID PHOTORESIST MARKET REGIONAL INSIGHTS
Asia Pacific to Hold Dominant Share owing to Growing Per Capita Income
In terms of market share and revenue, Asia Pacific leads the liquid photoresist market share, and dominance will continue to dominate the industry over the course of the projected period. The rising per capita income of the population is responsible for the market expansion in this region. Additionally, the electronics industries in China, South Korea, India, and Japan have all seen rapid expansion, significantly assisting market growth.
North America, on the other hand, is anticipated to have profitable growth throughout the projection period as a result of the region's growing demand for consumer electronics and the widespread use of smartphones. The growth of the electrical and electronics sectors in the US was a significant contributor to the rise of regional market demand.
KEY INDUSTRY PLAYERS
Key Players Focus on Partnerships to Gain a Competitive Advantage
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio
List of Top Liquid Photoresist Companies
- DuPont
- Fujifilm Electronic Materials
- Tokyo Ohka Kogyo
- Merck Group
- JSR Corporation
- LG Chem
- Shin-Etsu Chemical
- Sumitomo
- Chimei
- Daxin
- Everlight Chemical
- Dongjin Semichem
- Great Eastern Resins Industrial
- Chang Chun Group
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
Attributes | Details |
---|---|
Market Size Value In |
US$ 2.82 Billion in 2025 |
Market Size Value By |
US$ 4.49 Billion by 2034 |
Growth Rate |
CAGR of 5.74% from 2025 to 2034 |
Forecast Period |
2025-2034 |
Base Year |
2024 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
|
By Type
|
|
By Application
|
FAQs
The Liquid Photoresist market is expected to exhibit a CAGR of 5.1% by 2034.
The Liquid Photoresist market is expected to reach USD 5.74 billion by 2034.
Increase in demand for automobiles to push the liquid photoresist market growth
LG Chem, Shin-Etsu Chemical, Sumitomo, Chimei and Daxin are some of the top companies operating the liquid photoresist market
Over 70% of raw material inputs are derived from petrochemicals, making the industry vulnerable to crude oil and gas price fluctuations.
In 2024, Shin-Etsu Chemical increased its production capacity in Japan by over 20%, while DuPont introduced next-generation photoresists compatible with EUV lithography systems.
Asia Pacific holds over 55% of total market share, supported by large-scale electronics production in China, South Korea, Japan, and Taiwan.
Liquid photoresist is primarily used in photolithography for manufacturing semiconductors, PCBs, MEMS, and LCD panels, with semiconductor applications accounting for over 60% of global demand.