Photosensitive Coating Market Overview:
Photosensitive coating is also known as photoresist coating composition. It is a light-sensitive material used in several processes, such as photoengraving and photolithography to form a patterned coating. The photosensitive coating composition is used to form a conductive film, which comprises conductive nanomaterial and a photosensitive material. Photoresist coating is classified in two types, namely, positive photoresist and negative photoresist. A positive photoresist is a type of photoresist in which the portion of photoresist that is exposed to light becomes soluble to the photoresist developer. In addition, negative photoresist is a type of photoresist in which the portion of the photoresist that is exposed to light becomes insoluble to the photoresist developer.
The growth of the market is mainly driven by increase in demand for photosensitive coating for printing applications. Photosensitive coating market is widely used in manufacturing of printed circuit boards used in electronic systems. Owing to increase in disposable income of consumers, the demand and production of consumer electronics like LED TVs, laptops and smartphones has raised significantly across developing economies like India and China. This factor is expected to increase the demand for printed circuit boards and eventually drive the growth of the market. In addition, the rise in use of spin coating in microelectronics due to its short coating time is expected to drive the market growth. However, photosensitive coating has hazardous effects on the environment and is toxic in nature due to mixing of xylene solvent, which further restrains the overall market growth. Meanwhile, increase in investments on coating R&D for innovating new products for photosensitive coating market is expected to offer lucrative growth opportunities during the forecast period.
The market is segmented on the basis of type, technique, application, and region. By type, it is divided into photo-polymeric, photo-decomposing, and photo-crosslinking. By technique, it is segmented into spin coating, spray coating, and electrodeposition of photoresist. By application, it is classified into microcontact printing, printing circuit board, patterning & etching of substrates, and microelectronics. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East and Africa).
Some of the main market players operating in the photosensitive coating industry are Lechler Inc., Hitachi Chemical Co. Ltd., Merck KGaA, Focus Technology Co. Ltd., Toray Industries Inc., Brewer Science, Inc., Nikko-Materials Co. Ltd., TechNova, Kuraray Co. Ltd. and Headway Research Inc.
Key Benefits for Stakeholders:
- The global photosensitive coating market size has been analyzed across four major regions.
- Porter’s five force analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the photosensitive coating industry for building strategies.
- The report outlines the current market trends and future scenario of the market size to understand the prevailing opportunities and potential investment pockets.
- Major countries in each region have been mapped according to their individual revenue contribution to the regional market and illustrate photosensitive coating market share.
- The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
- The photosensitive coating market analysis covers in-depth information of major industry participants and illustrate the market forecast.
Questions answered in the unmanned underwater vehicles Market research report:
- What is the growth rate of the photosensitive coating market during the forecast period?
- What will be the global photosensitive coating market size ?
- What are the leading manufacturing companies in the photosensitive coating market?
- How the major current trends will shape the market in the future?
- What are the driving factors and opportunities in the market?
- Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
- Why are some of the segments flourishing at the highest growth rate while others experience a steady growth?
- What are the conclusions of the photosensitive coating market report?
Photosensitive Coating Market Report Highlights
Key Market Players
Headway Research, Inc., Hitachi Chemical Co., Ltd., Lechler, Inc., Nikko-Materials Co., Ltd., Brewer Science, Inc., Merck KGaA, KURARAY Co. Ltd., TechNova, TORAY INDUSTRIES, INC., Focus Technology Co., Ltd