Photoresist Market To Reach $6.70 Billion By 2030 | CAGR 5.24%

Photoresist Market Growth & Trends

The global photoresist market size is anticipated to reach USD 6.70 billion by 2030, registering a CAGR of 5.24% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is a critical component of the global electronics and semiconductor industry, playing an indispensable role in advanced lithographic patterning processes.

Photoresists, light-sensitive materials used to transfer circuit patterns onto semiconductor wafers, are foundational to integrated circuit (IC) fabrication, flat-panel displays, and memory devices. Their relevance spans from logic and memory chips to emerging applications such as micro-LEDs and MEMS devices. As the demand for high-performance electronics intensifies across automotive, consumer electronics, data centers, and telecommunication infrastructure, the need for precision photolithography materials continues to rise globally.

A key driver of the market is the accelerated investment in next-generation semiconductor fabrication technologies. As nodes scale down to 5nm and below, extreme ultraviolet (EUV) lithography adoption is surging, necessitating a new class of photoresists with enhanced sensitivity, line edge roughness control, and etch resistance. Moreover, ongoing innovation in chemically amplified resists and metal-oxide-based materials is supporting the development of high-resolution patterning essential for advanced logic and memory devices. Simultaneously, growing demand for flat-panel displays, particularly OLED and high-resolution LCD panels, is expanding the market for specialized photoresists used in display photolithography. These trends, coupled with regional policy incentives to strengthen domestic semiconductor supply chains, are collectively reinforcing the market’s upward trajectory.

The market players are focusing on various strategic initiatives such as mergers, acquisitions, and collaborations. For instance, in January 2025, China's semiconductor industry accelerated efforts to localize photoresists, a key material used in chip manufacturing, driven by strong government support, technological progress, and increasing market demand. This push aimed to reduce reliance on foreign suppliers and enhance the competitiveness of China's high-end semiconductor production.

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Photoresist Market Report Highlights

• Based on ancillary type, anti-reflective coatings accounted for the largest share of 44.82% in 2024.

• Based on product, ARF immersion accounted for the largest share of 44.00% market size in 2024.

• Based on application, semiconductors and ICS accounted for the largest share of 42.33% market size in 2024.

• Asia Pacific dominated the market in 2024. Rising smartphone penetration and consumer electronics manufacturing in Asia Pacific are significantly boosting regional demand for advanced photoresists.

• China was the leading photoresist market in the Asia Pacific region and captured around 45% of the revenue share in 2024.

Photoresist Market Segmentation

Grand View Research has segmented the global photoresist market on the basis of ancillary type, product, application, and region:

Photoresist Ancillary Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Anti-reflective Coatings

• Removers

• Developers

• Other Ancillary Types

Photoresist Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• ARF Immersion

• ARF Dry

• KRF

• G-Line and I-Line

Photoresist Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Semiconductors and ICS

• LCDs

• Printed Circuit Boards

• Other Applications

Photoresist Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Australia

  • Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

  • UAE

List of key players in the photoresist market

• DuPont

• Lam Research

• FUJIFILM Holdings America Corporation

• JSR Corporation

• Sumitomo Chemical Advanced Technology

• Tokyo Ohka Kogyo Co.,Ltd.

• Shin-Etsu Chemical Co., Ltd.

• Allresist GmbH

• MicroChemicals GmbH