Photoresist Stripper Market Size & Share, by Product Type (Aqueous, Semi-aqueous); Process (Positive Photoresist Stripping, Negative Photoresist Stripping); Application (Via Etch, Poly Etch, Metal Etch); End-User (Memory, Foundries, IDM (Integrated Device Manufacturers)) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5553
  • Published Date: Jan 22, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Photoresist Stripper Market size is expected to reach USD 833 Million by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of photoresist stripper was over USD 464 Million. The market is experiencing significant growth due to the increasing demand for semiconductor devices and electronics in various industries, including automotive, healthcare, and telecommunications. According to a Research Nester analyst, annual sales have grown from USD 138 billion in 2001 to USD 573 billion by 2022, an increase of 312 %. In the same period, unit sales of semiconductors increased by 290 percent due to an increase in demand from all sectors of the economy. Photoresist strippers are used to remove photoresist coatings from the surface of semiconductor wafers, a critical step in the fabrication process of high-quality semiconductor devices. The rise in demand for high-performance microchips, semiconductor manufacturing equipment, sensors, and other electronic components is driving the growth of the market. Additionally, technological advancements in semiconductor manufacturing processes are further propelling the market’s growth.

Further, the increasing demand for high-performance electronic devices such as smartphones, tablets, and laptops, coupled with the growing demand for advanced automotive electronics and the adoption of IoT and AI technologies, is driving the growth of the market. As per statistics, by 2028, the number of electronic device users is expected to amount to around 2 billion, also user penetration by end of 2024 will grow, at a rate of 27%.


Photoresist Stripper Market
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Photoresist Stripper Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 5%

Base Year Market Size (2023)

~ USD 464 Million

Forecast Year Market Size (2036)

~ USD 833 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Photoresist Stripper Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Miniaturization Trends- As devices continue to shrink in size, especially in the fields of electronics and microelectronics, there is an increasing need for more precise and selective photoresist stripping processes. This demand is driving the development of new and improved photoresist strippers that offer high-performance capabilities. These innovative products can help meet the challenges of miniaturization and ensure the quality and reliability of electronic devices in various industries.
  • Advanced Technologies Adoption- Adopting advanced technologies such as extreme ultraviolet (EUV) lithography, drives the need for more efficient and specialized photoresist strippers. Companies invest in these technologies to stay competitive, propelling the market forward.
  • Stringent Environmental Regulations- Growing environmental concerns drive the demand for eco-friendly and less hazardous photoresist stripping solutions. Companies that offer environmentally friendly options can gain a competitive edge, stimulating market expansion.

Challenges

  • Material compatibility- The diversity of materials used in semiconductor manufacturing creates challenges in developing photoresist strippers that effectively remove photoresist without negatively impacting underlying materials. Achieving compatibility across various substrates is a persistent challenge.
  • Intense competition in the semiconductor industry places cost pressure on manufacturers, restricting the market’s growth.
  • The market is vulnerable to disruptions in the global supply chain.


Photoresist Stripper Segmentation

Product Type (Aqueous, Semi-aqueous)

The aqueous segment is estimated to hold 53% share of the global photoresist stripper market by 2036. 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 photoresist stripping market.

Process (Positive Photoresist Stripping, Negative Photoresist Stripping)

The positive photoresist stripping segment in the photoresist stripper market is poised to garner the majority of revenue share by 2036. 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.

Our in-depth analysis of the global market includes the following segments:

     Product Type

  • Aqueous
  •  Semi-aqueous

     Process

  • Positive Photoresist Stripping
  •  Negative Photoresist Stripping

     Application

  • Via Etch
  • Poly Etch
  • Metal Etch

     End-User

  • Memory
  • Foundries
  • IDM (Integrated Device Manufacturing)

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Photoresist Stripper Industry - Regional Synopsis

APAC Market Forecast

Asia Pacific Photoresist Stripper market is estimated to hold the largest market share, accounting for 35% of the global market. The region’s market experienced robust growth fuelled by the rapid expansion of the semiconductor industry and technological advancements. Countries like China, South Korea, and Taiwan emerged as key players, with a strong focus on electronics and the continuous drive for innovation in semiconductor technologies led to a substantial 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. Asia Pacific became a hub for semiconductor fabrication, attracting substantial investments in research and development to meet the evolving demands of the industry. The market was characterized by intense competition, with companies striving to develop cutting-edge solutions for effective photoresist removal. As a result, the Asia Pacific market played a pivotal role in shaping the global semiconductor landscape, contributing significantly to the region’s economic growth and technological leadership.

North American Market Statistics

North American photoresist stripper Market is set to attain significant revenue share. The market is propelled by the region's prominent position in semiconductor manufacturing and technological innovation. 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. Additionally, regulatory emphasis on environmental sustainability encouraged companies to invest in eco-friendly formulations. The North American market marked by technological prowess and environmental consciousness, reflected the region’s commitment to maintaining a competitive edge in semiconductor manufacturing.

Research Nester
Photoresist Stripper Market Size
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Companies Dominating the Photoresist Stripper Landscape

top-features-companies
    • DuPont de Nemours, Inc. 
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Ashland Inc.
    • Air Products and Chemicals, Inc. 
    • SCREEN Semiconductor Solutions Co., Ltd
    • Axcelis Technologies, Inc.
    •  Merck KGaA
    • Entegris, Inc.
    •  Avantor, Inc.
    • Solexir Technology
    • Technic Inc.

In-the-news

In The News

  • Air Products stated that it has entered into an investment deal worth USD 1 billion to purchase, own, and run a natural gas-to-syngas processing facility in Qashqadaryo Province, Uzbekistan, with the Government of the Republic of Uzbekistan and Uzbekneftegaz JSC ("UNG").
  • Merck launched a new line of green solvents for semiconductor manufacturing. AZ® 910 Remover dissolves photoresist patterns faster and cost-effectively. It has an excellent environmental footprint and resist-dissolution performance.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5553
  • Published Date: Jan 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for semiconductor devices, increasing proliferation of electronic portables, miniaturization trends, and stringent environmental regulations are some of the factors responsible for the market’s growth.

The market size of photoresist stripper is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Ashland Inc., Air Products and Chemicals, Inc., SCREEN Semiconductor Solutions Co., Ltd, Axcelis Technologies, Inc., Merck KGaA, Entegris, Inc., Avantor, Inc., Solexir Technology, Technic Inc., FUJIFILM Corporation and others.

The Aqueous segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Photoresist Stripper Market Report Scope
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