Photosensitive Materials Market - Global Industry Analysis, Size, Share, Trends, Growth, and Forecast 2017 - 2025
Photosensitive Materials Market - Global Industry Analysis, Size, Share, Trends, Growth, and Forecast 2017 - 2025
Photosensitive material is one which changes its chemical composition when exposed to electromagnetic radiation.

Photosensitive material is one which changesits chemical composition when exposed to electromagnetic radiation.Photosensitivity was discovered by K.O Hill in 1978. It triggered thetechnological development in optical elements, primarily in fibers and waveguides.Photosensitivematerials undergo various changes such as abrasions whenthey come in contact with other materials or with each other during the manufacturingprocess such as coating, drying, processing, etc. For example, when the cameraoperates, there is formation of cracks and scratches. The photosensitivematerials help to protect the camera running properties. Thus, the invention ofphotosensitive materials has improved the mechanical process of variousapplications including semi-conductors, photographic applications, and graphicswithout causing any damage to the properties such as transparency, coatingproperties, bonding power, etc.

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Photosensitive materials can be divided intovarious types having different capabilities. They can be classified byphotosensitive wavelength such as visible rays, ultraviolet light, excimerlaser (far-infrared), extreme ultraviolet (EUV), X ray, and electron beam.Based on product type, photosensitive materials can be segregated as positivephotosensitive materials and negative photosensitive materials. Positivephotosensitive materials are composed of naphthoquinone-diazide compounds. Theyare commonly used in micro-fabrication of semiconductor integrated circuits andliquid crystal display. In negative photosensitive materials, on the otherhand, bisazido compounds are used as crosslinking agents for photo-effectresins. These compounds are used in the manufacturing of color filters andsemiconductor integrated circuits. Companies manufacturing photosensitivematerials have come up with numerous technological developments in order toenhance the physical properties of these materials. This, in turn, enhances thein-built quality of applications by working smoothly without any damage inapplication such as magazine, cameras, projector etc.

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The market for photosensitive material is estimated to expanddue to various factors such as technological development in semiconductorapplication and sudden increase in the demand for semiconductors,cost-effective installation, flexibility in design, availability, etc. Photosensitive materials provide excellent in-built properties toelectronic appliances such as cameras, projectors, etc., thereby enhancing theircost effectiveness. This property also helps in providing flexibility duringthe manufacturing of photographic appliances.

Based on application, the photosensitive materials market can besegmented into semiconductors, photographic appliances, textiles & garments,graphics, and automotive. Photosensitive materials are widely used insemiconductors and photographic appliances. Photosensitive materials are alsoused in textiles due to technological developments. By using photosensitivematerials in textiles, the adaptive polymer responds to special wavelength oflight. The adaptive polymer is used in clothes for protection against harmfullights.

Based on geography, the global photosensitive materials marketcan be classified into Asia Pacific, Europe, North America, Latin America, andMiddle East & Africa. North America and Europe are the major markets forphotosensitive materials, led by the rise of the semiconductor industry, upturnin development for photographic appliances, increase in sale of textiles, andexpansion of the automotive industry in these region. Asia Pacific is anotherprominent market for the photosensitive materials, owing to the development ofphotographic appliances, rise in the automotive industry, etc. 

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Major players operating in the global photosensitive materialsmarket are SEKISUI CHEMICAL CO., LTD., Nantong Xingchen Synthetic Material Co.,Ltd., MURAKAMI CO., LTD., Toyo Gosei Co., Ltd, Hitachi Chemical Co., Ltd.,Asahi Kasei Corporation, JNC Corporation, etc. These companies constitute asignificant share of the market. Thus, the photosensitive materials marketexperiences intense competition.

This study by TMR is all-encompassing framework of the dynamicsof the market. It mainly comprises critical assessment of consumers' orcustomers' journeys, current and emerging avenues, and strategic framework toenable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS thatoffers detailed visualization of four elements:

·        Customer ExperienceMaps

·        Insights and Tools based on data-drivenresearch

·        Actionable Resultsto meet all the business priorities

·        Strategic Frameworks to boost the growthjourney

The study strives to evaluate the current and future growthprospects, untapped avenues, factors shaping their revenue potential, anddemand and consumption patterns in the global market by breaking it intoregion-wise assessment.

The following regional segments are covered comprehensively:

·        North America

·        Asia Pacific

·        Europe

·        Latin America

·        The Middle East andAfrica