The Patterning Material Market size is estimated to reach US$5.7 billion by 2027, growing at a CAGR of 5.9% during the forecast period 2022-2027. The use of the Patterning Material Market in the electrical & electronics industry has increased significantly. Patterning materials, also known as photoresists, are light-sensitive materials used in photolithography to form patterned coatings on the surface of wafers used in electronics and semiconductors. Due to the rising global demand for electronics products, the patterning material market is expected to expand rapidly during the forecast period. According to the Semiconductor Industry Association (SIA), global semiconductor sales totaled US$151.7 billion in the first quarter of 2020, showing an increase of 23% over the first quarter of 2021.
Patterning Material Market: The Electrical & Electronics Segment Leads the Market
On the basis of the end-use industry, the Patterning Material market can be segmented into transportation, medical & healthcare, electrical & electronics and others. The leading segment in the patterning material market has been evaluated to be electrical & electronics. During the forecast period 2022-2027, the electrical & electronics segment is expected to grow with a CAGR of 6.2%. Patterning material is a critical process that enables the production of integrated circuit electronics and all devices that rely on them, such as computers, cell phones, digital cameras, calculators, compact sensors and displays. According to the Japan Electronics and Information Technology Industries Association, computer and information terminal manufacturing in Japan was worth 1,041,122 million yen in 2017 and 1,251,283 million yen in 2019. According to OBERLO, the total revenue of consumer electronics in the US is expected to increase by 7.5% in 2023.
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Patterning Material Market: Asia-Pacific Holds the Largest Share
On the basis of geography, the Patterning Material market can be segmented into North America, South America, Europe, APAC and ROW. According to IndustryARC’s analysis, Asia-Pacific has emerged as the most profitable region in the market. In 2022, the Asia-Pacific region held a 42% share of the total revenue earned by the market globally. Asia-Pacific countries, including India and China, are ahead comparatively in terms of consumer electronics products. According to the India Brand Equity Foundation, Electronics consumption would increase to US$400 billion by 2025, up from US$33 billion in FY20. By 2025, India is predicted to be the world's fifth-largest consumer electronics and appliances market.
The Patterning Material market would also gain demand from the North American region. The USA and Canada are emerging as competitive countries in the Patterning Material market.
Patterning Material Market: Competitive Landscape
Key companies holding major shares in the Patterning Material market are Applied Materials, Inc., Brewer Science, Inc., Dongjin Semichem Co., Ltd., Honeywell Electronic Materials, Inc., JSR Micro, Inc., Microchem Corporation, Shin-Etsu Chemical Co., Ltd., Sumitomo Chemicals Co., Ltd., the Dow Chemical Company and Tokyo Ohka Kogyo Co., Ltd.
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