Market Overview:
The global photosensitive solder resist ink market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for miniaturization and higher density in electronic devices, rising demand for advanced packaging solutions, and growing trend of 3D printing. In terms of volume, the global photosensitive solder resist ink market is projected to reach 2,811 kilotons by 2030. Based on type, the global photosensitive solder resist ink market can be segmented into solvent-based and non-solvent-based types. The solvent-based type is expected to hold a larger share of the market during the forecast period owing to its superior properties such as high resolution and excellent adhesion over various substrates. However, with advancements in technology and development of new photo resists that do not require solvents for application purposes, non-solvent based types are anticipated to witness significant growth during the forecast period. On basis of application, automotive & aerospace sector held majority share in 2017 due high requirement for miniaturization across these industries followed by instrumentation sector .
Product Definition:
Photosensitive solder resist ink is a type of ink that can be used to create patterns on a surface that will help to protect it from solder. The ink is applied in a pattern and then exposed to light. When the light hits the ink, it causes it to harden and form a protective barrier against the solder. This helps to keep the surface from being damaged by the heat and flux associated with soldering.
Solvent Based:
Solvent-based solder ink is widely used in the electronics industry for soldering of printed circuit boards (PCB). It is also applicable to a wide range of applications such as wire harnesses, automotive components, and household appliances. The growth factor for solvent-based solder ink depends on its usage in various end-use industries. Increasing demand from the electronic component manufacturing sector including PCBs and electronic devices will drive market growth over the forecast period.
Non Solvent Based:
Non-solvent based solder resist ink is a type of photoresistive ink which contains no solvents. It has been developed to overcome the problems associated with traditional solvent-based photoresistive inks. Solvent-based photoresistive inks have high evaporation rates and low dry times, but they are expensive due to their complex manufacturing process.
Application Insights:
The photosensitive solder resist ink is used in a wide range of applications including automotive and aerospace, instrumentation, consumer electronics and other. The other application segment includes power generation equipment, medical devices and military & defense equipment. In terms of volume, the automotive & aerospace industry dominated the global market with over 24% share in 2017 owing to its rising requirement for high-quality products that are reliable under adverse environmental conditions such as heat and moisture. Moreover, stringent regulations on environment protection by regional governments are further driving the demand for environment-friendly products which will eventually benefit market growth.
Regional Analysis:
Asia Pacific was the leading revenue contributor in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a large share of global population, which makes it a potential customer base for various products. Moreover, rapid industrialization and urbanization have resulted in an increase in disposable income, thereby fueling product demand from end-use industries such as automotive and consumer electronics among others.
The market is also driven by technological advancements coupled with increasing government initiatives pertaining to environment-friendly manufacturing processes that reduce carbon footprint are anticipated to augment industry growth over the forecast period. Europe accounted for more than 25% of global photosensitive solderresist ink market share owing to high production volume of electronic devices along with their component assembly lines located mainly in Germany, U.K.
Growth Factors:
- Increasing demand for miniaturization in electronic devices
- Rising demand from the automotive and aerospace industries
- Growing popularity of 3D printing technology
- Proliferation of LED lighting fixtures
- Increasing demand for solar energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Photosensitive Solder Resist Ink Market Research Report
By Type
Solvent Based, Non Solvent Based
By Application
Automotive and Aerospace, Instrument, Consumer Electronics, Other
By Companies
TAIYO, Nan Ya Plastics, TAMURA, Ajinomoto Fine-Techno, Shenzhen Rongda, Jiangsu Kuangshun, Showa Denko, Coants Electronic, HUNTSMAN
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Photosensitive Solder Resist Ink Market Report Segments:
The global Photosensitive Solder Resist Ink market is segmented on the basis of:
Types
Solvent Based, Non Solvent Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive and Aerospace, Instrument, Consumer Electronics, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TAIYO
- Nan Ya Plastics
- TAMURA
- Ajinomoto Fine-Techno
- Shenzhen Rongda
- Jiangsu Kuangshun
- Showa Denko
- Coants Electronic
- HUNTSMAN
Highlights of The Photosensitive Solder Resist Ink Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solvent Based
- Non Solvent Based
- By Application:
- Automotive and Aerospace
- Instrument
- Consumer Electronics
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photosensitive Solder Resist Ink Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Photosensitive solder resist ink is a type of resist material that becomes activated by exposure to light. When exposed to light, the photosensitive material changes its physical properties, such as becoming less dense or more porous. This can cause unwanted blemishes or defects in the Resist layer on printed circuit boards (PCBs).
Some of the major players in the photosensitive solder resist ink market are TAIYO, Nan Ya Plastics, TAMURA, Ajinomoto Fine-Techno, Shenzhen Rongda, Jiangsu Kuangshun, Showa Denko, Coants Electronic, HUNTSMAN.
The photosensitive solder resist ink market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photosensitive Solder Resist Ink Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Photosensitive Solder Resist Ink Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photosensitive Solder Resist Ink Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Photosensitive Solder Resist Ink Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Photosensitive Solder Resist Ink Market Size & Forecast, 2018-2028
4.5.1 Photosensitive Solder Resist Ink Market Size and Y-o-Y Growth
4.5.2 Photosensitive Solder Resist Ink Market Absolute $ Opportunity
Chapter 5 Global Photosensitive Solder Resist Ink Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Photosensitive Solder Resist Ink Market Size Forecast by Type
5.2.1 Solvent Based
5.2.2 Non Solvent Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Photosensitive Solder Resist Ink Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Photosensitive Solder Resist Ink Market Size Forecast by Applications
6.2.1 Automotive and Aerospace
6.2.2 Instrument
6.2.3 Consumer Electronics
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photosensitive Solder Resist Ink Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photosensitive Solder Resist Ink Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Photosensitive Solder Resist Ink Analysis and Forecast
9.1 Introduction
9.2 North America Photosensitive Solder Resist Ink Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Photosensitive Solder Resist Ink Market Size Forecast by Type
9.6.1 Solvent Based
9.6.2 Non Solvent Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Photosensitive Solder Resist Ink Market Size Forecast by Applications
9.10.1 Automotive and Aerospace
9.10.2 Instrument
9.10.3 Consumer Electronics
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Photosensitive Solder Resist Ink Analysis and Forecast
10.1 Introduction
10.2 Europe Photosensitive Solder Resist Ink Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Photosensitive Solder Resist Ink Market Size Forecast by Type
10.6.1 Solvent Based
10.6.2 Non Solvent Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Photosensitive Solder Resist Ink Market Size Forecast by Applications
10.10.1 Automotive and Aerospace
10.10.2 Instrument
10.10.3 Consumer Electronics
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Photosensitive Solder Resist Ink Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Photosensitive Solder Resist Ink Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Photosensitive Solder Resist Ink Market Size Forecast by Type
11.6.1 Solvent Based
11.6.2 Non Solvent Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Photosensitive Solder Resist Ink Market Size Forecast by Applications
11.10.1 Automotive and Aerospace
11.10.2 Instrument
11.10.3 Consumer Electronics
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Photosensitive Solder Resist Ink Analysis and Forecast
12.1 Introduction
12.2 Latin America Photosensitive Solder Resist Ink Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Photosensitive Solder Resist Ink Market Size Forecast by Type
12.6.1 Solvent Based
12.6.2 Non Solvent Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Photosensitive Solder Resist Ink Market Size Forecast by Applications
12.10.1 Automotive and Aerospace
12.10.2 Instrument
12.10.3 Consumer Electronics
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Photosensitive Solder Resist Ink Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Photosensitive Solder Resist Ink Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Photosensitive Solder Resist Ink Market Size Forecast by Type
13.6.1 Solvent Based
13.6.2 Non Solvent Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Photosensitive Solder Resist Ink Market Size Forecast by Applications
13.10.1 Automotive and Aerospace
13.10.2 Instrument
13.10.3 Consumer Electronics
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photosensitive Solder Resist Ink Market: Competitive Dashboard
14.2 Global Photosensitive Solder Resist Ink Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TAIYO
14.3.2 Nan Ya Plastics
14.3.3 TAMURA
14.3.4 Ajinomoto Fine-Techno
14.3.5 Shenzhen Rongda
14.3.6 Jiangsu Kuangshun
14.3.7 Showa Denko
14.3.8 Coants Electronic
14.3.9 HUNTSMAN
