North America Photoresist Process Chemicals Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Solvents, Binders, Sensitizer, and Others), and Application (Microelectronics, Printed Circuit Boards and Others)

TIPRE00023451 | Pages: 92 | Chemicals and Materials | Jul 2021 | Type: Regional | Status: Published

Market Introduction

The North America photoresist process chemicals market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Adoption of IoT and connected devices has been on a steady rise since the last decade. The COVID-19 pandemic-induced lockdowns have further augmented the adoption of IoT in order to facilitate remote working. Many enterprises have been utilizing IoT in their organizations. The lockdown has led to new participants for the IoT sector. According to a survey conducted by Eclipse Foundation, 40% of the respondents have adopted IoT in their organizations and 22% plan to deploy it within the next year. Barriers to IoT adoption have come down significantly with the increase in industry competition. This has resulted in competitive pricing for IoT devices and fueled innovation. The number of IoT connected devices was 3.6 billion in 2019 and it has grown to over 11 billion in 2019. IoT devices depend on sensors and integrated circuits (ICs) to function. Hence, they all require semiconductors with high density and highly integrated circuit patterns. This is enabled through lithography using photoresist chemicals. The IoT market represents a significant growth opportunity for semiconductors, allowing them to maintain an average 3–4% annual growth. The demand for semiconductors from smartphones has begun to saturate. IoT devices will increase the demand for memory, sensors, ICs, microcontrollers, and connectivity.

In case of COVID-19, in North America, especially US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of photoresist process chemicals manufacturing activities. Downfall of other chemical and materials manufacturing sectors has subsequently impacted the demand for photoresist process chemicals during the early months of 2020. Moreover, decline in the overall semiconductor manufacturing activities has led to discontinuation of photoresist process chemicals manufacturing projects, thereby reducing the demand for photoresist process chemicals. Similar trend was witnessed in other North America countries, i.e., Mexico, Canada, Panama and Costa Rica. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.

 


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Market Overview and Dynamics

The photoresist process chemicals market in North America is expected to grow from US$ 774.85 million in 2020 to US$ 1,123.67 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2020 to 2028. 5G is the fifth-generation technology in cellular networks and the upcoming and upgraded version of the existing 4G technology. It provides a network that connects virtually everything including devices, objects, and machines. 5G will deliver higher peak data speeds, low latency, and a substantial network capacity. Although only a few devices have been available in the market that support 5G connectivity, the deployment of 5G networks has witnessed tremendous growth in 2019. The US had 7,583 cities with a 5G network, which was the highest, followed by Germany, Austria, the Netherlands, and Switzerland. At these growth rates, soon most nations will have access to 5G. Although it is a few years away, the biggest hurdles we face are telecom networks rolling it out for their customers, as 5G takes consumes more power, and a better battery technology. This poses a challenge for semiconductor manufacturers to design products suitable for 5G network as well as a new avenue of great opportunity. Chipmakers are taking up the challenge to innovate to the next generation of product scaling, and the evolution of photoresists and lithography process would play a key role in the performance of the semiconductors and their applications.

Key Market Segments

Based on product type, the solvents segment accounted for the largest share of the North America photoresist process chemicals market in 2019. Based on application, the microelectronics segment held a larger market share of the North America photoresist process chemicals market in 2019. Microelectronics is basically a field in electronics that used tiny, or micro, components to produce electronics. As demand for small as well as less expensive devices grows, this field continues to expand. Microelectronic devices, including transistors, capacitors, and resistors, comes within an active chip, needs some protection from the environment, also both electrical & mechanical connections to the surrounding components. Hence, photoresist solvent, sensitizers, polymers, and other chemicals are used for this purpose. While making a transistor photoresist polymer is utilized. The photoresist polymer is usually a very thin coating of polymer employed to the wafer surface which further react with light to create areas that are soluble in different solvents. A photoresist is utilized over the layer of the resistor composition, and then a desired pattern in the photoresist is created, where the pattern further leaves certain regions of the resistor composition layer uncovered by the photoresist. The resistor composition layer that is uncovered mainly by the photoresist is etched under some conditions, which are effective to leave a mass of loosely bound resistor particles particularly at regions of the resistor composition which are not fully covered by photoresist.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the North America photoresist process chemicals market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Tokyo Ohka Kogyo Co., Ltd.; Tokuyama Corporation; Dupont; Integrated Micro Materials; Microchemicals Gmbh; Dischem Inc. and Sumitomo Chemical Co., Ltd.

Reasons to buy report

  • To understand the North America photoresist process chemicals market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America photoresist process chemicals market
  • Efficiently plan M&A and partnership deals in North America photoresist process chemicals market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America photoresist process chemicals market
  • Obtain market revenue forecast for market by various segments from 2018-2028 in North America region.


North America Photoresist Process Chemicals Market Segmentation

North America Photoresist Process Chemicals Market -By Product Type

  • Solvents
  • Binders
  • Sensitizer
  • Others

North America Photoresist Process Chemicals Market -By Application

  • Microelectronics
  • Printed Circuit Boards
  • Others

North America Photoresist Process Chemicals Market – By Country

  • US
  • Canada
  • Mexico

North America Photoresist Process Chemicals Market – Company Profiles

  • DisChem, Inc.
  • Sumitomo Chemical Co., Ltd.
  • Tokyo Ohka Kogyo Co., Ltd.
  • Tokuyama Corporation
  • DuPont
  • Integrated Micro Materials
  • Microchemicals Gmbh  

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Photoresist Process Chemicals Market – By Product Type

1.3.2        North America Photoresist Process Chemicals Market – By Application

1.3.3        North America Photoresist Process Chemicals Market – By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country Level Data:

4.           North America Photoresist Process Chemicals Market Landscape

4.1         Market Overview

4.2         Pest Analysis

4.3         Expert Opinions

5.           Photoresist Process Chemicals Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Growth of Semiconductor Industry

5.1.2        Increase in Penetration of Internet of Things (IoT) and Connected Devices

5.2         Market Restraints

5.2.1        Volatility in Raw Material Prices

5.3         Market Opportunities

5.3.1        Deployment of 5G technology

5.4         Future Trends

5.4.1        High Demand for Medical Electronics such as Rapid Diagnostic Systems after COVID-19

5.5         Impact Analysis of Drivers and Restraints

6.           Photoresist Process Chemicals – North America Market Analysis

6.1         North America Photoresist Process Chemicals Market Overview

6.2         North America Photoresist Process Chemicals Market Forecast and Analysis

7.           North America Photoresist Chemicals Market Analysis – By Product Type

7.1         Overview

7.2         Photoresist Chemicals Market, By Product Type (2019 and 2028)

7.3         Solvent

7.3.1        Overview

7.3.2        Solvent: Photoresist Chemicals Market Analysis and Forecast to 2028

7.4         Binders

7.4.1        Overview

7.4.2        Binders: Photoresist Chemicals Market Analysis and Forecast to 2028

7.5         Sensitizer

7.5.1        Overview

7.5.2        Sensitizer: Photoresist Chemicals Market Analysis and Forecast to 2028

7.6         Others

7.6.1        Overview

7.6.2        Others: Photoresist Chemicals Market Analysis and Forecast to 2028

8.           North America Photoresist Chemicals Market Analysis – By Application

8.1         Overview

8.2         Photoresist Chemicals Market, By Application (2019 and 2028)

8.3         Microelectronics

8.3.1        Overview

8.3.2        Microelectronics: Photoresist Chemicals Market – Revenue and Forecast to 2028 (US$ Mn)

8.4         Printed Circuit Board

8.4.1        Overview

8.4.2        Printed Circuit Board: Photoresist chemicals Market – Revenue and Forecast to 2028 (US$ Mn)

8.5         Others

8.5.1        Overview

8.5.2        Others: Photoresist Chemicals Market – Revenue and Forecast to 2028 (US$ Mn)

9.           North America Photoresist Chemicals Market –Country Analysis

9.1         North America: Photoresist Chemicals Market

9.1.1        North America: Photoresist Chemicals Market, by Key Country

9.1.1.1          US: Photoresist Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

9.1.1.1.1          US: Photoresist Chemicals Market, Product Type

9.1.1.1.2          US: Photoresist Chemicals Market, Application

9.1.1.2          Canada: Photoresist Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

9.1.1.2.1          Canada: Photoresist Chemicals Market, Product Type

9.1.1.2.2          Canada: Photoresist Chemicals Market, Application

9.1.1.3          Mexico: Photoresist Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

9.1.1.3.1          Mexico: Photoresist Chemicals Market, Product Type

9.1.1.3.2          Mexico: Photoresist Chemicals Market, Application

10.        Impact of COVID-19 Pandemic on North America Photoresist Process Chemicals Market

10.1      Overview

10.2      North America: Impact Assessment of COVID-19 Pandemic

11.        Company Profiles

11.1      DisChem, Inc.

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.2      Sumitomo Chemical Co., Ltd.

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.3      Tokyo Ohka Kogyo Co., Ltd.

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.4      Tokuyama Corporation

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.5      DuPont

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.6      Integrated Micro Materials

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.7      Microchemicals Gmbh

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

12.        Appendix

12.1      About The Insight Partners

             12.2      Glossary of Terms

LIST OF TABLES

Table 1.             North America Photoresist Process Chemicals Market Revenue and Forecasts to 2028 (US$ Mn)

Table 3.             US Photoresist Chemicals Market, Product Type – Revenue and Forecast to 2028 (US$ Mn)

Table 4.             US Photoresist Chemicals Market, Application – Revenue and Forecast to 2028 (US$ Mn)

Table 5.             Canada Photoresist Chemicals Market, Product Type– Revenue and Forecast to 2028 (US$ Mn)

Table 6.             Canada Photoresist Chemicals Market, Application– Revenue and Forecast to 2028 (US$ Mn)

Table 7.             Mexico Photoresist Chemicals Market, Product Type – Revenue and Forecast to 2028 (US$ Mn)

Table 8.             Mexico Photoresist Chemicals Market, Application – Revenue and Forecast to 2028 (US$ Mn)

Table 9.             Glossary of Term: Photoresist Process Chemicals Market

LIST OF FIGURES

Figure 1.           Photoresist Process Chemicals Market Segmentation

Figure 2.           North America Photoresist Process Chemicals Market Segmentation - Country

Figure 3.           Photoresist Process Chemicals Market Overview

Figure 4.           Microelectronics Segment Held Larger Share of Photoresist Process Chemicals Market In 2019

Figure 5.           US Dominated the North America Photoresist Process Chemicals Market In 2019

Figure 6.           North America – pest analysis

Figure 7.           Photoresist Chemicals Market Impact Analysis of Driver and Restraints

Figure 8.           North America Photoresist Process Chemicals Market Revenue Forecast and Analysis To 2028 (US$ Mn)

Figure 9.           Photoresist Chemicals Market Revenue Share, By Product Type (2019 and 2028)

Figure 10.        Solvent: Photoresist Chemicals Market Analysis and Forecast To 2028 (US$ Mn)

Figure 11.        Binders: Photoresist Chemicals Market Analysis and Forecast To 2028 (US$ Mn)

Figure 12.        Sensitizer: Photoresist Chemicals Market Analysis and Forecast To 2028 (US$ Mn)

Figure 13.        Others: Photoresist Chemicals Market Analysis and Forecast To 2028 (US$ Mn)

Figure 14.        Photoresist Chemicals Market Revenue Share, By Application (2019 and 2028)

Figure 15.        Microelectronics: Photoresist Chemicals Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 16.        Printed Circuit Board: Photoresist chemicals Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 17.        Others: Photoresist Chemicals Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 18.        North America: Photoresist Process Chemicals Market, by Key Country – Revenue (2019) (USD Million)

Figure 19.        North America: Photoresist Chemicals Market Revenue Share, by Key Country (2019 and 2028)

Figure 20.        US: Photoresist Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 21.        Canada: Photoresist Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 22.        Mexico: Photoresist Chemicals Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 23.         Impact of COVID-19 Pandemic in North American Country Markets

  1. DisChem, Inc.
  2. Sumitomo Chemical Co., Ltd.
  3. Tokyo Ohka Kogyo Co., Ltd.
  4. Tokuyama Corporation
  5. DuPont
  6. Integrated Micro Materials
  7. Microchemicals Gmbh
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America photoresist process chemicals market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America photoresist process chemicals market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America photoresist process chemicals market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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