The global market for Photoresists and Ancillaries is projected to reach $3.8 billion by the year 2017, driven by the growth in semiconductor shipments and increase in demand for high-cost photoresists. Sustained focus on miniaturization is also likely to enhance demand for advanced photoresists.

Photoresists are photosensitive resins or light-sensitive materials used in semiconductor manufacturing process. Photoresist developers and ancillaries play an important role in designing patterns on micro devices and integrated circuits through the process of photoengraving and photolithography. Growth prospects in the photoresist and ancillaries market are significantly influenced by the cyclical nature of the semiconductors industry, as seen in steep decline due to the global financial crisis in 2008 and 2009. Despite such adversities, the global semiconductor photoresists market is expected to display strong growth driven by the significant demand for topcoat materials and ArF photoresists. Growing demand for flash memory, DRAM and microprocessors is also expected to drive revenue growth in the photoresists market. Continuous advancements in the microprocess technology are expected to enhance the overall value of photoresists, offering new opportunities for market participants.

According to Global Industry Analysts, Asia-Pacific, Europe and the United States account for a major share of the global photoresists and ancillaries market. Increasing demand from developing countries such as China and India is expected to stimulate revenue generation in photoresists market. Though the global recession and weak consumer demand for electronics and personal computers led to steep fall in revenues for memory chipmakers in Asia in recent years, the improving market conditions are favoring a rise in demand for chips leading to an increase in chip prices. Advanced Photoresists represents the largest segment. Growth in the US photoresists and ancillaries market is anticipated to be driven by the recovery in semiconductor shipments, along with the rise in demand for high priced photoresist products. Growth is also anticipated for high-performance ancillaries, such as antireflective coatings, that are capable of increasing throughput, resolution, and etch rates.

ArF resists, a high growth market, was affected by the freeze on investment and capacity expansions due to the recession. However, the sustained focus on miniaturization is expected to foster demand for ArF resists. Growth would be driven by increased demand from DRAM, and NAND flash and logic ICs segments. DRAM chips are used in personal computers, while NAND flash chips are utilized in storage and memory in cell phones, cameras and digital music players.

The global photoresist and ancillaries market is consolidated with the top three players accounting for a predominant share of the total sales. The photoresists market involves the presence of major players offering standard as well as advanced photoresist products. Major players profiled in the report include Avantor^TM Performance Materials Inc., AZ Electronic Materials S.a.r.l, BASF SE, Dow Chemical Company, E. I. du Pont de Nemours and Company, Fujifilm Electronics Materials Co., Ltd., JSR Corporation, Shin-Etsu Chemical Company Ltd., Sumitomo Chemical Co., Ltd., and Tokyo Ohka Kogyo Company Ltd.

The research report titled Photoresists and Ancillaries: A Global Strategic Business Report by Global Industry Analysts Inc., provides a strategic review of the industry, key market trends, recent product launches, strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections by the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Key segments and sub-segments analyzed include Photoresists (Advanced, Positive, Negative) and Others. Global Industry Analysts

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