PUBLISHER: Grand View Research | PRODUCT CODE: 1751405
PUBLISHER: Grand View Research | PRODUCT CODE: 1751405
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.