Photoresist Stripper Market Size

Photoresist Stripper Market size is poised to reach USD 833 Million by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of photoresist stripper was USD 464 Million. The market is witnessing expansion due to the increasing demand for semiconductor devices and electronics in various industries, including automotive, healthcare, and telecommunications.

For instance, in 2022, global semiconductor sales will exceed USD 618 billion, a more than 30% increase in just two years. Using photoresist strippers to remove photoresist coatings from semiconductor wafer surfaces is an essential step in producing high-quality semiconductor devices. The photoresist strippers market is developing as a result of the increased need for high-performance microchips, sensors, semiconductor manufacturing machinery, and other electronic components.

In addition to these, factors that are believed to fuel the growth of the market are the increasing demand for high-performance electronic devices such as smartphones, tablets, and laptops, along with the growing demand for advanced automotive electronics and the adoption of IoT and AI technologies.