Market Overview

According to latest research, the market is set to witness steady growth during 2021-2031 with CAGR of 4.5 to 5% between 2021 and 2031. The reviving semiconductor sector and increasing demand for cutting-edge semiconductor devices are driving market expansion.

One of the primary factors for market expansion during the projection period is the advancement of automation technologies in the automobile sector. The automotive industry’s need for semiconductor wafers has risen quickly in recent years, owing to the rising need for vehicles with excellent guidance and drive control systems.

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What is Driving Demand for Photoresist Stripper?

The widespread adoption of nanotechnology has aided the transition to MEMS and NEMS devices. Nanodevices are becoming increasingly popular across the world because to their smaller size, reduced weight, reduced power consumption, and reduced manufacturing costs.

Furthermore, with numerous technical breakthroughs, the commercialization of such devices has increased the market potential for photoresist and photoresist ancillaries. Intel, for example, is fast moving away from 28nm and toward new technologies based on 20nm. The semiconductor industry is likely to see a surge in demand for photoresist and photoresist ancillaries as a result of such shifting trends.

One of the primary factors for market expansion during the projection period is the advancement of automation technologies in the automobile sector. The automotive industry’s need for semiconductor wafers has risen quickly in recent years, owing to the rising need for vehicle electronics, such as automatic guidance and drive assistance systems.

For various purposes such as automobile navigation and display, entertainment, collision detection technology, GPS, anti-breaking system, and driving, automation technology necessitates a significant number of electronic components to be placed in vehicles. The need for semiconductor wafer production processes, and related chemicals such as photoresist stripper, will grow dramatically over the next four years as the need for automobiles with sophisticated functions rises.

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Semiconductor Foundries likely to Augment Demand

Foundries are predicted to expand the most in this market throughout the projected period, owing to the movement toward fabless models, which will force IDMs to boost their order quantity to foundries.

Because of the sector’s movement to fabless models, the foundries sector will continue to dominate this industry. As a result of the recent transition to fabless models, IDMs will be compelled to raise their order quantity to foundries, which will raise demand for photo stripping equipment from this market in order to enhance production capacity, thus stimulating growth for Photoresist Stripper market.

Asia Pacific Photoresist Stripper Market Outlook

The Asia Pacific region emerged as the most important geographical market. In the future years, market expansion will be fueled by an expected increase in demand from APAC nations, as well as the presence of a number of semiconductor foundries in the area. The market in this area is being driven by increased manufacturing of high-end semiconductor chips and ICs, as well as increased demand for sensors in countries such as Taiwan, China, Japan, and South Korea.

China and Japan are two of the world’s major producers of consumer electronics, including LED displays, cellphones, and gaming consoles. This is an important aspect in supporting the regional market’s growth. Furthermore, the development of communications infrastructure in the Asia Pacific area, as well as a large increase in the usage of consumer electronic devices, are driving the expansion of the Photoresist Stripper market.

North America Demand Outlook for Photoresist Stripper

North America is another major user of photoresist strippers across the world. The increase can be ascribed to the defense and aerospace industries’ increased expenditure in research and development. The government of North America is encouraging the use of energy-efficient gadgets by awarding contracts to various enterprises in the area.

The US government, for example, gave Raytheon Integrated Defense Systems a contract of USD 50.9 million in March 2015 to improve GaN semiconductor production. GaN semiconductors are rapidly being used in radio frequency devices in the region’s ICT industry. Thus the growing production of electronic components and related research activities bode well for Photoresist Stripper market development.

Who are the Key Manufacturers and Suppliers of Photoresist Stripper?

Some of the leading manufacturers and suppliers of Photoresist Stripper include

• Lam Research
• Mattson Technology
• PSK
• S3 Alliance
• Surplus Global
• Nagase Chemtex Corporation
• Daxin
• Technic Inc
• Solexir
• Anji Microelectronics
• Others

This industry is characterized by the presence of a few established suppliers due to the highly consolidated structure of the business and the vital necessity for technical competence. Manufacturers consistently invest heavily in R&D to suit market needs in this industry, and the presence of a number of foundries in APAC nations would make this industry extremely competitive in the area.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Photoresist Stripper Market Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

Note: Although care has been taken to maintain the highest levels of accuracy in FMI’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.