According to the research report titled ‘Global Photoacid Generators Market for Semiconductor Industry Size By Application Industry Analysis Report, Country Outlook Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global photoacid generators market for semiconductor industry is expected to attain significant expansion during 2020-2026.
 

Technological improvements and growing demand for advanced electronic appliances are key factors driving the growth of global photoacid generators market for semiconductor industry. For those unfamiliar, photoacid generators are used for chemically amplified photoresists as well as photocurable polymer formulations across microelectronics vertical.
 

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Based on application spectrum, the report states that photolithography segment generated revenues worth USD 4911.91 million and is expected to grow with a CAGR of 7.4% during the analysis timeframe, subsequently accounting for USD 8095.78 million by the year 2026.
 

According to the report, Tri (4-methoxy-3-methylphenyl) Sulfonium Nonafluorobutanesulfonate (MMP) segment is anticipated to witness a y-o-y growth rate of 7.7% between 2020 and 2026. Meanwhile, Tri (4-methoxy-3,5-dimethylphenyl) sulfonium nonafluorobutanesulfonate (MDP) segment is predicted to expand with a CAGR of 7.4% through 2026.
 

Further elaborating on photolithography applications, the sulphones segment is reckoned to experience a 7.4% CAGR during the analysis timeframe. The report claims that Imino sulphonates segment is also expected to register a growth rate of 7% during the period of 2020-2026.
 

As of ArF applications, Bis(4-tertbutylphenyl) iodonium perfluorobutanesulfonate segment is expected to grow with a CAGR of 7.3% during the estimated timespan. Meanwhile, oxime sulfonate segment in KrF applications is anticipated to showcase 6.6% growth rate through 2026.
 

In terms of photoengraving applications, the report cites that triarylsulfonium segment is slated to display 5.8% growth rate between 2020 and 2026, while Triamonium salts segment is likely to grow with a CAGR of 5.3% during the estimated timeframe.
 

As per the research analysis, sulfonyldiazomethane segment is predicted to expand with a CAGR of 6.4% during the period of 2020-2026.
 

Regionally speaking, photoacids generator market for semiconductor industry share in Latin America and Middle East & Africa is expected to record 6% CAGR and 3.7% CAGR respectively through 2026.
 

The major contenders in global photoacid generators market for semiconductor industry are The Dow Chemical Company, Merck KGaA, Changzhou Tronly New Electronic Materials Co. Ltd., Nippon Carbide Industries Co. Inc., Sumitomo Chemical Co. Ltd., JSR Corporation, Tokyo Ohka Kogyo Co. Ltd., Shin-Etsu Chemical Co. Ltd., Chembridge International Corp., San-Apro Ltd., FUJIFILM Corporation, Toyo Gosei Co. Ltd., and Heraeus Holding GmbH among others.