Global Photoresist & Photoresist Ancillaries market growth 2024, Forecast To 2033

The photoresist & photoresist ancillaries market has shown strong growth, increasing from $3.86 billion in 2023 to $4.15 billion in 2024, reflecting a CAGR of 7.5% during the historical period. This growth is attributed to semiconductor manufacturing and lithography, expansion in the electronics and microelectronics industries, advancements in photolithography technology, the development of high-resolution displays, and the expansion of printed circuit board production. Looking ahead to 2028, the market is expected to reach $5.58 billion with a CAGR of 7.7%. Anticipated drivers of this growth include the adoption of extreme ultraviolet (EUV) lithography, growth in flexible electronics and OLED displays, the development of sustainable and environmentally friendly resists, increased use in photomask production, and ongoing research and development in quantum computing. Major trends in the forecast period include high-resolution and multi-layer photoresists, double patterning and directed self-assembly, EUV resist and mask materials, bio-based and biodegradable photoresists, resist for advanced packaging technologies, and compliance with regulatory standards in semiconductor materials.