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Global LCD Photoresists Market Insight2021-12-31 Comments
The LCD Photoresists is forecast to crazy increase over the next years. According to the World Knowledge Information (WKI) “Global LCD Photoresists Professional Survey Report 2021, Forecast to 2026”, The factors driving market growth are the recovery of the electronics industry and the growing demand for LCD photoresist products. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 2.35% base on WKI regression analysis model.
“Global manufacturers are relatively concentrated. If they want to occupy a position in the market, they should vigorously develop scientific research and innovation.”said Jennie, Senior analyst, Chemical industry Market Research Center in WKI.
The huge market acceptance of nanotechnology has contributed to the shift to MEMS and NEMS devices. Due to the smaller size, lighter weight, lower power consumption and lower manufacturing cost of nano devices, the use of nano devices on a global scale is gaining momentum. In addition, with various technological advancements, the commercialization of such equipment has promoted the market potential of photoresist and photoresist auxiliary equipment.However, the lack of local manufacturing of electronic products limits the demand for photoresist and photoresist accessories in emerging economies such as India and Brazil. The operating costs associated with the manufacture of electronic products have resulted in low consumption of photoresist and photoresist accessories in developing countries. Various taxes and fees levied in the form of tariffs and import logistics account for about 7-8% of manufacturing costs. These factors limit the growth of the LCD photoresist market.
On September 22, 2021, JSR Corporation (Representative Director and CEO: Eric Johnson) decided to establish a subsidiary “JSR Electronic Materials Singapore Pte. Ltd.” in Singapore to strengthen the sales and marketing of semiconductor materials business in Singapore and Southeast Asia Activity. It is scheduled to start operations around December.The major players in the global LCD photoresist market include: JSR, Everlight Chemical, Toyo Ink, Chimei, MCC, SUMITOMO (Dongwoo), DNP, NSCC, Daxin, LG Chemical.
Segmentation of LCD Photoresists Market:
According to the product type, the market can be subdivided into: color resistance (RGB) and black matrix (BM).Among them, color resistance (RGB) occupies a larger share in the market because the RGB color space is relatively intuitive and easy to understand.According to the application, the market can be subdivided into: phones, personal computers, TVs, tablets, and laptops.Among them, the telephone occupies a large share in the market. Because the telephone is an indispensable communication tool in people’s lives, the demand for it is the greatest, which also promotes the development of the LCD photoresist market.
LCD Photoresists Market: Regional Analysis
In terms of geography, the global LCD Photoresists market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia-Pacific region will occupy the largest share of the global LCD photoresist market. Because the LCD photoresist industry is highly concentrated, there are few manufacturers in the world, and high-end products mainly come from Japan, South Korea and Taiwan. , And the increasing demand for sensors in countries such as Taiwan, China, Japan, and South Korea are driving the market in this region.
Largest share area：Asia-Pacific
Largest share country：china