Photoresist Market Expansion Projected to Reach USD 11 Billion by 2034, Achieving a 5.6% Annual Growth Rate
The global photoresist market experienced a significant growth of 5.6% from 2025 to 2034, driven by several key factors and fueled by the expansion of various sectors such as consumer electronics, automotive, healthcare, and telecommunications.
In 2024, the market was dominated by the electronics segment, which accounted for a 68.1% share. Notable developments in this year include ALLRESIST's expansion of its portfolio of high-resolution photoresists for microelectronics and MEMS applications.
Advancements in display technologies, particularly the transition from CRT to LCD and OLED displays, have increased the demand for photoresists used in touch screen manufacturing. This, coupled with the growth in consumer electronics and other sectors, has fuelled demand for high-performance photoresist materials in semiconductor packaging, flexible electronics, and MEMS technologies.
The shift towards advanced packaging and smaller, faster, more functional electronic devices requires precise photoresist applications for high-yield manufacturing. This, along with the adoption of environmentally friendly dry film photoresists, has contributed to the market's growth.
In 2024, the Photoresist for Touch Screen market was valued at USD 1174 million, with a projected CAGR of 7.2% through 2031. The Dry Film Photoresist segment was valued at approximately USD 939 million, expected to grow at a CAGR of 3.5% through 2031. The Thick Film Photoresist market stood at about USD 178.4 million, with strong growth anticipated over the next decade.
The global semiconductor and electronics manufacturing hubs, particularly Asia-Pacific regions such as China, South Korea, Japan, and Taiwan, are traditionally the largest consumers and producers of photoresists. The expansion of semiconductor ecosystems worldwide suggests these regions continue to hold the largest market share in 2024, driven by extensive consumer electronics production and technological innovation.
Key players in the market include Everlight Chemical, which introduced photosensitive polyimide (PSPI) resists for OLED and microLED displays, and Fujifilm Corporation, which developed next-generation ArF immersion photoresists for cutting-edge logic and memory chips. Companies are also investing in R&D for eco-friendly photoresist formulations to stay competitive and align with green manufacturing trends.
The growth of the global photoresist market significantly impacts the global economy, creating high-skill jobs in countries like China and South Korea. The market is projected to reach USD 11.0 billion by 2034, with the Asia-Pacific (APAC) region holding a 46.2% market share in 2024.
References: [1] [Market Research Report on Photoresist for Touch Screen Market](URL) [2] [Market Research Report on Global Photoresist Market](URL) [3] [Market Research Report on Thick Film Photoresist Market](URL)
- The expansion of the global photoresist market, driven by growth in sectors like consumer electronics, telecommunications, and healthcare, has also accelerated in the finance industry, as investors recognize the market's potential for considerable returns over the next decade.
- As technological advancements continue to fuel demand for high-performance photoresist materials in sectors such as semiconductor packaging, flexible electronics, and MEMS technologies, the cooperation between the finance, industry, and technology sectors becomes increasingly important to speed up innovative developments and secure a competitive edge in the global market.
