Photoresist Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis

The photoresist market is likely to grow at a promising CAGR of 4.3% during 2023-2028 to reach USD 2.7 billion in 2028. The increasing demand for smaller yet more powerful semiconductor components coupled with the growing trend towards the development of photoresist materials that could meet the stringent requirements of smaller semiconductor nodes, such as those below 10 nanometers (sub-10nm) led to a growing need for more advanced photoresist materials capable of producing finer circuit patterns. This trend also led to a rise in the demand for ArF (argon fluoride) and EUV (extreme ultraviolet) photoresists due to their ability to meet these advanced manufacturing demands.