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According to our LPI (LP Information) latest study, the global LCD Photoresists market size was valued at US$ 1215.8 million in 2023. With growing demand in downstream market, the LCD Photoresists is forecast to a readjusted size of US$ 1423.8 million by 2030 with a CAGR of 2.3% during review period.
The research report highlights the growth potential of the global LCD Photoresists market. LCD Photoresists are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of LCD Photoresists. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the LCD Photoresists market.
LCD photoresists is a large class of photoresist. Their main ingredients include resins, photosensitive agents, solvents and additives, and other components, mainly Color resist, Black Matrix Resist, Overcoat Resist, Photo Spacer and others.
Color resists
Color resists, generally known as photoresist(s), are used to form color filter layers of LCD panels consisted of red, green and blue colors, they are key materials in determining color saturation and contrast for displays.
Color resists are produced by mixing pigments and polymeric binders together, with later additions of dispersants and solvents to create formulations that protect color underlayers during curing processes. The color resists predominantly provide resistance to fading, thermal and chemical degradation, but also provide secondary protection for parts created in the lattice formations that require further treatments and processing during LCD manufacturing.
Black Matrix
Black Matrix is arranged in the form of stripes, grids or mosaics between color patterns of the Red, Green and Blue pixel arrays in the color filter. This product is designed for high light-shielding properties to increase the contrast ratio of LCD panels. Additionally, black matrix is deposited to a glass substrate to prevent leakage of backlight and color mixing from adjacent pixel formations, which also enhances contrast.
The major players in global LCD Photoresists market include JSR, Toyo Ink, Sumitomo(Dongwoo) , etc. The top 3 players occupy about 55% shares of the global market. China and China Taiwan are main markets, they occupy about 60% of the global market. Color Resists(RGB) is the main type, with a share about 80%. Telephone and TV are main applications, which hold a share about 50%.
Key Features:
The report on LCD Photoresists market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the LCD Photoresists market. It may include historical data, market Segmentation by Type (e.g., Color Photoresist, Black Photoresist), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the LCD Photoresists market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the LCD Photoresists market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the LCD Photoresists industry. This include advancements in LCD Photoresists technology, LCD Photoresists new entrants, LCD Photoresists new investment, and other innovations that are shaping the future of LCD Photoresists.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the LCD Photoresists market. It includes factors influencing customer ' purchasing decisions, preferences for LCD Photoresists product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the LCD Photoresists market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting LCD Photoresists market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the LCD Photoresists market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the LCD Photoresists industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the LCD Photoresists market.
Market Segmentation:
LCD Photoresists market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- Color Photoresist
- Black Photoresist
- TFT-LCD Positive Photoresist
- LCD Spacer Photoresist
Segmentation by application
- TV
- Display
- Laptop & Tablet
- Mobile Phone
- Others
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- SUMITOMO
- JSR
- Mitsubishi Chemical
- Toyo Ink Group
- Merck
- DNP
- TOK
- ADEKA
- Nippon Steel Chemical & Material
- Chimei
- Daxin Material
- Crystal Clear Electronic
- Dongjin Semichem
- PhiChem Corporation
- Shenzhen RongDa Photosensitive Science & Technology Co., Ltd.
- Everlight Chemical
- LG Chemical
Key Questions Addressed in this Report
What is the 10-year outlook for the global LCD Photoresists market?
What factors are driving LCD Photoresists market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do LCD Photoresists market opportunities vary by end market size?
How does LCD Photoresists break out type, application?