In a recent published report, Kenneth Research has updated the market report for Negative Photoresist Chemicals Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Negative Photoresist Chemicals Market products.
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The Global Negative Photoresist Chemicals Market is anticipated to exhibit a decent growth during the forecast period owing to the increase in research and development activities. Furthermore, rising demand for dynamic display technology is likely to stimulate the product demand. In addition, the industry is prophesied to improve owing to its growing applications in key end-use industries. Application of negative photoresist chemicals as effective rinses for the unexposed type of negative photoresists is projected to create opportunities in the worldwide market. Some of the popular application areas for negative photoresist chemicals are photolithography and photoengraving. The use of negative photoresist chemicals in stripping negative photoresists from chrome, gallium arsenide, silicon, and other substrates is predicted to highlight the global market. Strong growth of the electronic industry gaining from the technological advancements is further attracting the industry growth. The overall industry is foreseen to witness a new trend with the introduction of negative photoresist chemicals with proprietary solvent blends.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Asia Pacific accounted for significant revenue share. The industry is foretold to witness substantial growth in this region owing to the strong demand of electronic products in countries such as India and China. Rise in the number of photovoltaic installations could be another factor augmenting the demand for negative photoresist chemicals in the region.
Key Vendor Takeaway
The global negative photoresist chemicals market is fragmented in nature. Companies namely Mitsui Chemicals America, Fujifilm Holdings America Corporation, Shiny Chemical Industrial Company, The Dow Chemical Company, MicroChem Corporation, Transene Company, Inc., JSR Corporation, Sumitomo Chemical Advance Technologies, and Tokyo Ohka Kogyo America, Inc. are actively operating in this industry.
Of these players, Fujifilm Holdings America Corporation captured significant revenue share. The company is engaged in manufacturing products for a range of industries including regenerative medicine, biopharmaceutical contract manufacturing, pharmaceutical, medical imaging and informatics, and photographic. Fujifilm’s industrial segments include graphic arts services and products. During the year 2019, May, the company announced marketing alliance with the US software development company, Skylum, for providing photographers with interactive opportunities, premium tools and education that the two companies have to offer.
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The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPE
MARKET, BY COATING TYPE
BY END USE
Printed Writing Boards
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of the World
Middle East and Africa
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