TECHCET is forecasting a 7% increase in photolithography materials revenue in 2025, reaching $5.06 billion, driven by a recovery in the semiconductor market. This growth will be led by a significant rise in the demand for advanced photoresists, particularly EUV, which is expected to see a 30% growth YoY. Ancillary and extension materials will also experience robust growth as chip production volumes rise especially for advanced nodes devices in the logic and DRAM chip segments. Looking even further ahead, the lithography materials market is projected to grow at a 6% CAGR through 2029 according to TECHCET’s 2025 Critical Materials Report on Lithography Materials.
In 2024, photolithography materials saw a modest 1.6% revenue growth, reaching $4.74 billion. Photoresists grew by 1%, with EUV showing the largest increase at 20% YoY. Ancillaries and extensions performed well, growing by 2% each, respectively. The demand for photoresists, particularly EUV, has been steadily increasing due to the growth in advanced node processes, while traditional photoresists such as KrF and ArF increased use for 3D NAND also contributed to the market’s positive performance.
Moving forward, photolithography market growth will be influenced by supply chain localization, with new facilities being built in the U.S., South Korea, Taiwan, and China. Geopolitical tensions, particularly restrictions on advanced materials and China’s development of advanced lithography technologies, will impact material availability. Innovations like dry photoresist deposition and nanoimprint lithography will also be crucial in meeting the demand for advanced nodes, while the industry adapts to challenges such as the shift away from PFAS-related chemicals. At least one large photoresist company has developed a good performing non-PFAS KrF resist.
For more details on Lithography market segments and growth trajectory, including profiles on JSR, DuPont/Qnity, Fujifilm, EMD/Merck, Dongjin, Brewer Science, Kehua Microelectronics and more, go to: https://techcet.com/product/lithography-materials/
