Photoresists & Ancillaries

SUMMARY

US demand to grow 12% yearly through 2007

Demand for photoresists and ancillaries (encompassing photoresists used in the production of both semiconductors and printed circuit boards, as well as related lithographic chemicals such as strippers/removers, developers and antireflective coatings) is forecast to expand twelve percent per year to $1.2 billion in 2007, with gains based on a projected recovery in electronic component shipments from a weak 2001 base.

New generation electronics to drive gains

The semiconductor industry currently is enduring a steep and protracted downturn that emerged at the end of 2000 and extended through the end of 2002 with only moderate relief. Nevertheless, long-term prospects for semiconductors and related materials such as photoresists remain favorable, with future growth driven by the processing requirements of new generations of wireless communications, handhelds, video/graphics, smartcard applications and laptop and notebook computers.

In this intense environment, electronic chemical suppliers are teaming up with equipment suppliers and customers to meet the inexorable drive to make smaller chips, increase memory and speed, and streamline fabrication processes. Since the ability to shrink device sizes is directly dependent upon the ability of the photolithography process to improve resolution and overlay parameters and thus create finer circuit widths, photoresists and ancillaries are a highly competitive and research-intensive sector.

Major material-related trends in the electronic components industry include the shift to 300 mm wafers, the use of copper interconnects over aluminum, a move to low-k dielectric materials, and the continuing rapid diffusion of chemical mechanical planarization (CMP) processes in wafer fabrication.

Conventional products to remain dominant

The downturn of 2001-2002 removed many less costefficient production lines but also had the effect of impeding technological development and the implementation for new technologies, particularly the move to 193 nanometer (nm) design nodes and a shift to deep ultraviolet (DUV) photoresists. In this environment, I-line photoresists have retained their industry dominance much longer than expected, and these workhorse products will continue to show solid growth through 2007, though they will continue to yield market share to next generation products, particularly DUV. Older g-line photoresists remain an important segment, based on the existing base of steppers based on 436 nm technology, though demand will gradually decline as these processes are phased out.

Demand for dry film resists, used in PCB manufacturing, will post below average gains based on a weaker outlook for the PCB sector overall. In part, this will reflect the exodus of PCB from North America to Asia, particularly China. Among ancillaries, antireflective coatings are expected to post the strongest annual gains based upon their ability to improve the results of photolithography operations for semiconductor fabrication.

Study coverage

Details on these and other findings are available in the new Freedonia study, The study provides historical data and forecasts to 2007 and 2012 by product and application. The study also examines the market environment, details industry structure and market share, and profiles major suppliers including Clariant, DuPont and Rohm and Haas.

TABLE OF CONTENTS

Introduction

EXECUTIVE SUMMARY

MARKET ENVIRONMENT

• General
• Macroeconomic Overview
• Population Trends
• Personal Consumption Expenditures
• Manufacturing Sector Overview
• Electronics Industry Overview
• Electronic Component Shipments
  • Semiconductors
  • Printed Circuit Boards
  • Passives & Other Components
• Environmental & Regulatory Trends
• International Activity & Foreign Trade

TECHNOLOGY

• General
• Electronic Component Manufacturing
  • Silicon Wafer Fabrication
  • Integrated Circuit Fabrication
  • Printed Circuit Board Manufacturing
• Lithographic Equipment Trends
• New Technology Developments

OVERVIEW & APPLICATIONS

• General
• Semiconductor Applications
  • Photoresists Demand
  • Standard Photoresists
  • Advanced Photoresists
  • Ancillaries Demand
• Printed Circuit Board Applications
  • Photoresists Demand
  • Ancillaries Demand
• Other Electronic Component Applications

PHOTORESISTS

• General
• Dry Film Resists
  • Demand by Application
  • Suppliers & Product Trends
• G-Line Photoresists
  • Demand by Application
  • Suppliers & Product Trends
• I-line Photoresists
  • Demand by Application
  • Suppliers & Product Trends
• Deep Ultraviolet (DUV) Photoresists
  • Demand by Application
  • Suppliers & Product Trends
• Emerging & Other Photoresists

PHOTORESIST ANCILLARIES

• General
• Strippers & Residue Removers
  • Demand by Application
  • Suppliers & Product Trends
• Developers
  • Demand by Application
  • Suppliers & Product Trends
• Antireflective Coatings
  • Demand by Type
  • Suppliers & Product Trends
• Other Ancillaries & Related Materials
  • Demand by Type
  • Suppliers & Product Trends

RAW MATERIALS

• General
• Polymers
• Solvents
• Photo Active Compounds (PACs)
• Additives & Other Raw Materials

INDUSTRY STRUCTURE

• General
• Suppliers & Market Share
• Acquisitions/Divestitures/Industry Restructuring
• Joint Ventures & Cooperative Agreements
• Research and Development Trends
• Competitive Strategies
• Marketing & Distribution

Company Profiles

List of Tables

EXECUTIVE SUMMARY

• 1 Summary Table

MARKET ENVIRONMENT

• 1 Macroeconomic Outlook
• 2 Population & Demographic Trends
• 3 Personal Consumption Expenditures
• 4 Manufacturers\' Shipments
• 5 Electronic Product Shipments by Type
• 6 Electronic Component Shipments by Type
• 7 Semiconductor Shipments by Type
• 8 Passive Component Shipments by Type
• 9 Printed Circuit Board Shipments by Type

OVERVIEW & APPLICATIONS

• 1 Photoresists & Ancillaries Demand by Type & Application
• 2 Semiconductor Fabrication Applications for Photoresists &Ancillaries
• 3 Semiconductor Fabrication Applications for Photoresists
• 4 Semiconductor Fabrication Applications for Standard Photoresists
• 5 Semiconductor Fabrication Applications for Advanced Photoresists
• 6 Semiconductor Fabrication Applications for Photoresist Ancillaries
• 7 Printed Circuit Board Applications for Photoresists & Ancillaries
• 8 Printed Circuit Board Applications for Photoresists
• 9 Printed Circuit Board Applications for Photoresist Ancillaries
• 10 Other Electronic Component Applications for Photoresists & Ancillaries

PHOTORESISTS

• 1 Photoresist Demand by Type & Application
• 2 Dry Film Photoresist Demand
• 3 G-Line Photoresist Demand by Type & Application
• 4 I-Line Photoresist Demand by Type & Application
• 5 Deep Ultraviolet Photoresist Demand by Type & Application
• 6 Emerging & Other Photoresist Demand by Type & Application

PHOTORESIST ANCILLARIES

• 1 Ancillaries Demand by Type & Application
• 2 Strippers & Residue Removers Demand by Type & Application
• 3 Developers Demand by Type & Application
• 4 Antireflective Coatings Demand by Type & Application
• 5 Other Ancillaries Demand by Type & Application

RAW MATERIALS

• 1 Raw Material Demand in Photoresists & Ancillaries by Type
• 2 Polymers Demand in Photoresists & Ancillaries
• 3 Solvents Demand in Photoresists/Ancillaries
• 4 Photoactive Compounds Demand in Photoresists
• 5 Additives & Other Raw Materials Demand in Photoresists & Ancillaries

INDUSTRY STRUCTURE

• 1 Photoresists & Ancillaries Sales by Company, 2002
• 2 Acquisitions/Divestitures in the Photoresists & Ancillaries Industry, 2001-2002
• 3 Cooperative Agreements in the Photoresists & Ancillaries Industry, 2001-2002
• 4 Research/Development Expenditures for Key Suppliers of Photoresists & Ancillaries

List of Charts

OVERVIEW & APPLICATIONS

• 1 Photoresists & Ancillaries Demand by Type, 2002
• 2 Photoresists & Ancillaries Demand by Application, 2002

PHOTORESISTS

• 1 Photoresists Demand by Type, 2002

PHOTORESIST ANCILLARIES

• 1 Ancillaries Demand by Type, 2002

RAW MATERIALS

• 1 Raw Materials Demand by Type, 2002

INDUSTRY STRUCTURE

• 1 Market Share in Photoresists & Ancillaries by Company, 2002
• 2 Market Share in Photoresists by Company, 2002
• 3 Market Share in Ancillaries by Company, 2002