Selbyville, Delaware, Sept. 03, 2020 (GLOBE NEWSWIRE) -- Based on Global Market Insights Inc., report, the global photoacid generators market for the semiconductor industry was estimated at $2.59 billion in 2019 and is slated to exceed $4.03 billion by 2026, registering a CAGR of 6.7% from 2020 to 2026. The report provides a detailed analysis of the competitive scenarios, drivers and opportunities, main investment avenues, wavering industry trends, market estimations as well as size, and top winning strategies.
The rapidly increasing growth of the semiconductor and electronics industry and growing use of microelectronic assemblies in numerous hi-tech devices like vehicles, robots, laptops, mobile phones among others will fuel the photoacid generators market share over the coming years. Moreover, rising efforts towards the alteration of photoresist composition structures for improving the functional properties as well as the performance of photoacid generators that are used within semiconductor applications is likely to stimulate market growth.
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In terms of application, the rising production of chips and PCB units which are utilized in the electronic components will boost the growth of the photolithography application segment in the industry landscape. In 2019, the EUV process dominated the photolithography application segment, representing a market size of approximately $59.19 million. This is mainly ascribed to rising demand for high-tech electronic gadgets and changing consumer lifestyle.
Additionally, the EUV application segment is likely to witness substantial growth over the coming years. from its 2019 market valuation of approximately $59.19 million, the segment is expected to reach an overall valuation of more than $98.80 million by the end of the analysis timeframe. The photoacid generators market segment is slated to grow at an impressive CAGR of more than 7.6% over the forecast time period to reach the valuation.
Key reasons for photoacid generators market growth:
- Growing demand for microelectronic components in electronic assemblies.
- The rapid adoption of lithographic and photoengraving processes.
- Growing consumer preference for technologically advanced electronic devices.
Europe Photoacid generators market for the semiconductor industry is slated to witness substantial growth over the coming years. In 2019, the region accounted for a market size of approximately $582.11 million and will continue to show considerable growth due to the increasing consumer preference towards the use of electronic gadgets that contain semiconductors and microprocessors. The efforts undertaken by the European Commission to implement the use of embedded computing systems as well as semiconductors is also likely to promote the growth of the market across the region. For example, The European Commission has launched the Artemis and ENIAC JTIs (Joint Technology Initiatives), or independent public-private partnerships, between The European Commission, a massive number of Member States, the ARTEMIS Industry Association (a non-profit association joining the embedded systems industry) for Artemis and AENEAS (the industry association in the semiconductors industry) for ENIAC. Also, such efforts by the EU might further stimulate the photoacid generators market growth across the European region.
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Leading market players analyzed in the photoacid generators industry research include Shin-Etsu Chemical Co., Ltd., San-Apro Ltd., Heraeus Holding, TOKYO OHKA KOGYO CO., LTD., FUJIFILM Corporation, Sumitomo Chemical Co., Ltd., Toyo Gosei Co., Ltd., Chembridge International Corp, Ltd, and JSR Corporation among many others.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
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