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The market is witnessing expansion due to the increasing demand for semiconductor devices and electronics in various industries, including automotive, healthcare, and telecommunications.
For instance, in , global semiconductor sales will exceed USD 618 billion, a more than 30% increase in just two years. Using photoresist strippers to remove photoresist coatings from semiconductor wafer surfaces is an essential step in producing high-quality semiconductor devices. The photoresist strippers market is developing as a result of the increased need for high-performance microchips, sensors, semiconductor manufacturing machinery, and other electronic components.
In addition to these, factors that are believed to fuel the growth of the market are the increasing demand for high-performance electronic devices such as smartphones, tablets, and laptops, along with the growing demand for advanced automotive electronics and the adoption of IoT and AI technologies.
In photoresist stripper market, aqueous segment is likely to account for more than 57% share by the end of . Aqueous photoresist strippers use water as the primary solvent, offering environmental advantages and cost-effectiveness. They are favored for their ability to efficiently remove photoresist materials in semiconductor and electronics manufacturing processes.
Aqueous solutions are generally considered more sustainable and safer compared to the semi-aqueous segment the dominant choice, reflecting industry preferences for environmentally friendly and economically viable solutions in the market.
In photoresist stripper market, positive photoresist stripping segment is predicted to capture over 53% revenue share by . Positive photoresist stripping involves removing the exposed portions of the photoresist material, leaving the desired pattern intact. This process is more widely used as it is versatile and suitable for various applications in semiconductor manufacturing.
Positive photoresists offer higher resolution and better pattern transfer capabilities, making them prevalent in advanced microfabrication processes. The market dominance of positive photoresist stripping is driven by its effectiveness in achieving precise and intricate patterns, meeting the demands of modern semiconductor and electronics industries.
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Asia Pacific industry is expected to dominate majority revenue share of 35% by . The market growth in the region is also expected on account of the rapid expansion of the semiconductor industry and technological advancements. With a strong emphasis on electronics and a persistent desire for innovation in semiconductor technology, nations like China, South Korea, and Taiwan emerged as major participants. This created a significant need for high-performance photoresist strippers.
The main production hub for semiconductors is Asia Pacific. More than 90% of global semiconductor foundry revenues are accounted for by Taiwan, South Korea, and China which together account for more than 60 % of the market. As the needs of the semiconductor industry changed, Asia Pacific emerged as a center for semiconductor fabrication, drawing large expenditures in R&D.
There was fierce competition on the industry, with businesses vying to create innovative methods for efficient photoresist removal. As a result, the Asia Pacific market made a substantial contribution to the region's technological leadership and economic progress, as well as to the worldwide semiconductor scene.
The North America region will also witness huge growth for the photoresist stripper market during the projection period and will hold the second position owing to the growing emphasis on environmental sustainability in the region. The demand for advanced photoresist strippers was driven by the expanding semiconductor industry, particularly in the United States. Companies in North America focused on developing high-performance solutions to meet the stringent requirements of evolving semiconductor technologies.
Further, the market dynamics were influenced by a constant pursuit of efficiency of precision in semiconductor fabrication processes. The North American market marked by technological prowess and environmental consciousness, reflected the region’s commitment to maintaining a competitive edge in semiconductor manufacturing.