Photoresist Electronic Chemical Market Report 2026

The photoresist electronic chemical market size has grown strongly in recent years. It will grow from $12.01 billion in 2025 to $12.87 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to growth of semiconductor manufacturing, expansion of consumer electronics, rising PCB production, demand for miniaturized electronics, development of photolithography techniques.

The photoresist electronic chemical market size is expected to see strong growth in the next few years. It will grow to $16.82 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to advanced node semiconductor development, expansion of EV electronics, growth of display technologies, rising MEMS applications, increased chip fabrication investments. Major trends in the forecast period include rising demand for advanced semiconductor fabrication, increasing use of high resolution photoresists, growing adoption in MEMS manufacturing, expansion of display and PCB production, higher focus on process precision and yield.

The increasing Internet of Things (IoT) adoption is expected to propel the growth of the photoresist electronic chemical market going forward. The Internet of Things (IoT) is a connected ecosystem of computing devices and electronic machinery equipped with unique identifiers (UIDs) that can transfer data without human intervention. Specialized photoresist electronic chemicals are essential for IoT device manufacturing, enabling miniaturization, precise layer-to-layer alignment, and strong adhesion required for stacked device structures. For instance, in October 2025, according to IoT Analytics, a Germany-based research firm, the number of connected IoT devices worldwide increased by 14% in 2025, reaching 21.1 billion, up from 18.5 billion in 2024. Therefore, the rising adoption of IoT is driving the growth of the photoresist electronic chemical market.

Major companies operating in the photoresist electronic chemicals market are advancing dynamic random-access memory (DRAM) technology through collaborative initiatives. These advancements enhance the performance of photoresists used in semiconductor fabrication, improving the efficiency and precision of the overall manufacturing process. For instance, in October 2024, Lam Research Corp., a US-based wafer fabrication equipment manufacturer, and Entegris Inc., a US-based provider of electronic materials, partnered with Gelest, Inc. to drive innovation in semiconductor manufacturing. The collaboration focuses on developing precursor chemicals for Lam’s advanced dry photoresist technology used in extreme ultraviolet (EUV) lithography. The partnership prioritizes research and development for next-generation logic and DRAM devices, which are essential for emerging technologies such as artificial intelligence and advanced mobile applications. Gelest Inc. is a US-based company specializing in photoresist electronic chemicals.

In June 2023, DIC Corporation, a Japan-based chemical company, acquired PCAS Canada Inc. for an undisclosed amount. This acquisition aims to accelerate DIC’s development of advanced process materials, expand production capabilities, and strengthen its organizational structure. PCAS Canada Inc. is a Canada-based company known for synthesizing, developing, and customizing photoresist electronic chemicals.

Major companies operating in the photoresist electronic chemical market are BASF SE, Honeywell International Inc., Merck KGaA, Mitsui Chemicals Inc., Hitachi Chemicals Co. Ltd., The Dow Chemical Company, LG Chem Ltd., Fujifilm Corporation, Sumitomo Chemical Co. Ltd., Shin-Etsu Chemical Co. Ltd., E.I. DuPont, Air Products And Chemicals Inc., Kolon Industries Inc., PhiChem Corporation, Eternal Chemical Co. Ltd., JSR Corporation, Tokyo Ohka Kogyo Co. Ltd., Electra Polymers Ltd., Ikonics Corp., Micro Resist Technology GmbH, Photo Sciences Inc., Jiangsu Kuangshun Photosensitivity New-Material Stock Co. Ltd., DJ Microlaminates Inc., Allresist GmbH, AZ Electronic Materials, Hitech Photopolymere AG, KemLab Inc., Kanto Chemical Co. Inc.

North America was the largest region in the photoresist electronic chemical market in 2025. The regions covered in the photoresist electronic chemical market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the photoresist electronic chemical market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The photoresist electronic chemicals market consists of sales of ceramic, quartz, and copper substrates. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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