Lithographic Chemicals Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI1442
Global Lithographic Chemicals Market size is anticipated to expand at moderate growth rate during the forecast period. The market is mainly driven by wide use of lithographic chemicals in electronics industry.
Lithographic chemicals are primarily used in electronics industry for microelectronic and semiconductors devices manufacturing. These devices are used in television sets and smart phones. Semiconductors are used in most of the electronic gadgets. Increase in global population and rising disposable income of youth have resulted in developed electronics industry, boosting lithographic chemicals market.
Lithography is used for artistic illustration and expressions. Advancement in plate making, photography and press design had enhanced lithography as a popular and viable printing media. In today’s era, photography is at its peak and printing industry is experiencing a significant growth. Thus, lithographic chemicals market is anticipated to have a modest growth rate owing to thriving printing and photography industry over the forecast period.
Lithographic chemicals are extensively used in silicon wafers and electronic circuits for circuit boards packaging. These circuit boards are used in the manufacturing of computers and laptops. Demand for computers are boosting due to the upsurge in information technology industry and need for laptops in corporate offices. Thus, advancement in technology had flourished electronics industry that complements lithographic chemicals market.
Lithographic chemicals are majorly used in the manufacturing of optoelectronic devices, that are integrated in flat panel display products. Many companies are focusing on intense advertisements and marketing of their products, increasing the demand for these kind of flat panel displays. Moreover, these displays are attractive and seek attention of customers providing a competitive edge to the advertiser. Hence, rise in product and service based companies globally had led to significant growth of lithographic chemicals market.
These chemicals have applications in consumer and industrial sectors in different machineries and consumer durable goods. Business-friendly government policies have grown up industrial sector and rise in spending capacity of people had boosted the consumer durable goods market. Global lithographic chemicals market is anticipated to exhibit a promising growth owing to these favorable market conditions.
Manufacturers need to comply with stringent government rules and regulations for producing lithographic chemicals. These regional norms can act as a barrier for entry of new entrants in lithographic chemicals market. Moreover, some human health hazards were reported during the handling of lithographic chemicals that can slow down its market in coming years.
On the basis of products, the market is bifurcated as removers, strippers, developers, deposition precursors, etchants, dopants, resists and others. The major applications for lithographic chemicals are microelectronic, semiconductor devices, optoelectronic devices, electronic circuits, and silicon wafers. Based on end-user industries, lithographic chemicals market can be classified as electronics industry, photography industry, and printing industry.
Asia Pacific is anticipated to be a major contributor in the global lithographic chemicals market during the forecast period. Demand for electronic products and other consumer durable goods in developing countries such as, India, South East Asia is making this region a significant contributor in the market. North America is expected to grow at a decent growth rate in the lithographic chemicals market owing to the advanced technology and established electronics market in the region. Europe is following Asia Pacific and North America in the growth trend of lithographic chemicals market. Semiconductor usage is increasing in the region owing to well-established and flourishing automobile industry. Increasing semiconductors requirement has boosted lithographic chemicals consumption in Europe. Middle East & Africa region is at a nascent stage in both automobiles and electronics industry, but is estimated to exhibit a positive outlook in the forecast period.
Major manufacturers in lithographic chemicals market are RD chemicals, Mitsubishi materials Corp, Honeywell electronic material, Dow corning co, Taiyo Nippon sansoWako, Air Products and Chemicals, Inc., Sumitomo Chemical Co., Ltd., Dow chemical co, Du-Pont, General chemical corp, Nikko materials, Eternal chemical co., ltd, Huntsman, Applied materials In
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