Photoresists

Photoresists Market Outlook

The global photoresists market is poised for substantial growth, with a projected market size expected to reach approximately USD 5.1 billion by 2035, growing at a compound annual growth rate (CAGR) of 6.8% from 2025 to 2035. The market is primarily driven by the increasing demand for advanced electronic devices, which in turn fuels the need for high-performance photoresists in various applications such as semiconductors and integrated circuits. Additionally, innovations in technologies such as lithography and the miniaturization of electronic components play a critical role in propelling market growth. The expansion of the automotive sector, particularly in the domain of electric vehicles, further amplifies the need for reliable, efficient, and high-resolution photoresists. Furthermore, the ongoing advancements in nanotechnology and the rise of smart wearable devices contribute to the escalating demand for photoresist materials across different industries.

Growth Factor of the Market

The growth of the photoresists market can be attributed to several key factors. One significant driver is the accelerated pace of technological advancement in the semiconductor industry, which necessitates the development of more sophisticated and efficient photoresist materials. As devices become more compact and complex, the demand for high-resolution lithographic processes increases, thereby enhancing the market for photoresists. Additionally, the rising trend towards miniaturization of electronics significantly influences photoresists usage, as smaller features require more precise materials. Moreover, the growing adoption of renewable energy technologies, such as solar cells, is creating new avenues for photoresist applications, particularly in the manufacturing of photovoltaic cells. Alongside these factors, increasing investments in research and development to innovate photoresist formulations and improve their performance will also contribute to the market's growth in the forthcoming years.

Key Highlights of the Market

• The global photoresists market is projected to reach USD 5.1 billion by 2035.
• Anticipated CAGR of 6.8% from 2025 to 2035.
• Demand driven by advancements in semiconductor technologies and electronics.
• Increasing applications in automotive and renewable energy sectors.
• Strong focus on R&D for innovative and high-performance photoresist formulations.

By Type

Positive Photoresists:

Positive photoresists are characterized by their ability to become soluble in the developer solution after exposure to light. This property makes them highly suitable for creating intricate patterns on semiconductor wafers and other substrates. The increasing complexity of electronic devices, alongside the advancements in photolithography techniques, is driving the demand for positive photoresists. As technology continues to progress towards smaller feature sizes and higher integration levels, the necessity for high-resolution positive photoresists is expected to grow. Additionally, these photoresists are widely used in various applications, including integrated circuit fabrication, where precision and clarity are paramount. Manufacturers are continuously enhancing the performance of positive photoresists, leading to innovations that allow for improved resolution and process efficiency.

Negative Photoresists:

Negative photoresists exhibit the opposite behavior of positive photoresists; they become insoluble in the developer after exposure to light. This characteristic makes them ideal for applications that require high-resolution patterning and robust features. The demand for negative photoresists is on the rise, particularly in industries where durability and resistance to etching are critical, such as in the fabrication of microelectromechanical systems (MEMS) and optics. Negative photoresists are favored for their excellent dimensional stability and high aspect ratios, making them suitable for a wide variety of applications including printed circuit boards and optical devices. Continuous improvements in formulation and technology are facilitating better performance and expanding their application scope, further driving their adoption in the market.

Lift-off Photoresists:

Lift-off photoresists are unique in that they are specifically designed for liftoff processes, which involve the removal of unwanted material after deposition. These photoresists are crucial in applications where precise layering of materials is required, such as in the production of thin-film circuits and high-frequency devices. The growing trend towards miniaturization and the need for complex multilayer structures in electronic devices have significantly boosted the demand for lift-off photoresists. Furthermore, advancements in material science are leading to the development of lift-off photoresists with enhanced characteristics, such as improved adhesion and resolution, which are crucial for high-performance applications. As the electronics industry continues to evolve, the importance of lift-off photoresists in achieving device functionality and efficiency will further augment their market presence.

Chemically Amplified Photoresists:

Chemically amplified photoresists (CARs) are known for their ability to amplify the effects of the incident light through a chemical reaction, allowing for the creation of extremely fine features. This attribute makes them particularly valuable in advanced photolithography processes used in semiconductor manufacturing. The push for smaller, more efficient electronic devices is driving the demand for CARs, as they enable the production of components with high density and minimal defect rates. Moreover, the automotive and aerospace sectors increasingly rely on CARs for their intricate designs and reliability requirements. As manufacturers strive for greater process efficiency and cost-effectiveness, the adoption of chemically amplified photoresists is expected to increase, further solidifying their role in the evolving photoresists market.

Others:

The category of 'Others' encompasses a range of specialized photoresists that may not fit neatly into the aforementioned classifications. These include hybrid photoresists and those designed for specific applications or industries, such as nanotechnology and biomedical applications. The growing demand for customized solutions in the photoresists market is leading to the development of these alternative materials, offering unique properties that cater to niche applications. As industries continue to innovate, the 'Others' segment is expected to expand, driven by emerging technologies and the need for specialized materials. The versatility and adaptability of these photoresists will play a crucial role in meeting the diverse demands of various sectors, enhancing their overall market share.

By Application

Semiconductor & IC:

The semiconductor and integrated circuit (IC) application segment is the largest in the photoresists market, driven by the ever-increasing demand for more sophisticated electronic devices. Photoresists play a critical role in the photolithography processes used in IC manufacturing, where they are essential for creating intricate patterns on silicon wafers. The ongoing advancements in miniaturization and the trend toward smaller, more powerful chips have heightened the need for high-performance photoresists that can produce finer features with greater accuracy. This segment is further supported by rapid technological developments in the semiconductor industry aimed at enhancing chip performance, resulting in an increase in the adoption of advanced photoresist materials capable of meeting stringent requirements.

LCDs:

The application of photoresists in liquid crystal displays (LCDs) is gaining momentum, driven by the rising demand for high-resolution displays in consumer electronics, including smartphones, televisions, and computer monitors. Photoresists are used in the manufacturing process of LCDs to create alignment layers and pixel structures, which are crucial for achieving optimal display quality. As the demand for larger and higher-resolution screens continues to grow, manufacturers are increasingly relying on advanced photoresist technologies to meet these requirements. The shift towards OLED (organic light-emitting diode) displays also influences this segment, as the production of OLED screens requires specialized photoresists that can facilitate intricate design patterns, further boosting market opportunities in the LCD application segment.

MEMS:

Microelectromechanical systems (MEMS) represent a burgeoning application area for photoresists, as these devices are integral to a wide array of electronic products, including sensors, actuators, and microprocessors. The demand for MEMS devices is on the rise, driven by their applications in automotive, medical, and consumer electronics sectors. Photoresists used in MEMS fabrication must exhibit excellent resolution and stability to create the microscopic structures essential for device functionality. The increasing adoption of MEMS technology in various industries is expected to propel the demand for specialized photoresists designed specifically for MEMS applications, further solidifying this segment's potential for growth in the coming years.

Printed Circuit Boards:

Printed circuit boards (PCBs) constitute a significant application segment for photoresists, as they are crucial in the assembly and interconnection of electronic components. The demand for PCBs is driven by the growing electronics market, which includes consumer electronics, telecommunications, and automotive applications. Photoresists used in PCB manufacturing must provide high resolution and excellent adhesion to withstand the various manufacturing processes involved. The rise of smart devices and the Internet of Things (IoT) is further amplifying the demand for complex and multi-layered PCBs, leading to increased consumption of photoresists. As the need for innovative and efficient PCB designs continues to grow, the photoresists market within this application is poised for considerable expansion.

Others:

The 'Others' application segment includes various niche and emerging applications of photoresists, such as in the fields of optoelectronics, automotive lighting, and biomedical devices. As technology advances, the demand for customized photoresist solutions tailored to specific requirements is expected to grow. Innovations in areas such as 3D printing and flexible electronics are also creating new opportunities for photoresists, as these technologies often rely on unique formulations to achieve the desired properties. This segment's growth will be driven by ongoing research and development activities aimed at creating specialized photoresists that can address the evolving needs of various industries, further enhancing overall market dynamics.

By Use Industry

Electronics:

The electronics industry is the primary end-use sector for photoresists, encompassing applications in semiconductor manufacturing, consumer electronics, and telecommunications. As the demand for high-performance electronic devices continues to rise, so does the need for advanced photoresists that can support intricate lithography processes. The integration of photoresists in the manufacturing of integrated circuits and printed circuit boards is vital for ensuring device functionality, reliability, and performance. The rapid evolution of consumer electronics, particularly with the proliferation of smartphones, tablets, and smart home devices, further propels the demand for innovative photoresist formulations tailored to meet the specific requirements of these applications. As a result, the electronics industry is expected to remain a significant driver of growth in the photoresists market.

Automotive:

The automotive industry is witnessing an increasing reliance on electronic components, leading to a growing demand for photoresists used in various applications, including sensors, displays, and control systems. The surge in electric vehicle (EV) production and the integration of advanced driver-assistance systems (ADAS) are contributing to the heightened demand for high-performance photoresists that can ensure the reliability and functionality of automotive electronics. Photoresists play a crucial role in the manufacturing of printed circuit boards and MEMS devices used in these applications, making them indispensable to the automotive sector. As the industry shifts towards greater electrification and automation, the demand for specialized photoresists designed for automotive applications is expected to grow significantly.

Aerospace:

The aerospace industry is another significant end-use market for photoresists, driven by the need for high-performance electronic components and systems in aircraft and spacecraft. Photoresists are utilized in the fabrication of advanced electronic devices, including communication systems, control units, and navigation equipment, which are critical to the operation and safety of aircraft. The stringent requirements for reliability and performance in aerospace applications necessitate the use of specialized photoresists capable of withstanding harsh environmental conditions. As the aerospace sector continues to innovate and adopt advanced technologies, the demand for photoresists designed for aerospace applications is anticipated to rise, further enhancing market growth in this segment.

Medical:

The medical industry has increasingly adopted photoresists for applications such as diagnostics, imaging, and medical devices. The demand for miniaturized and high-precision components in medical technology has propelled the adoption of advanced photoresist materials. Photoresists are essential in the fabrication of microfluidic devices, lab-on-a-chip technologies, and various sensing applications, which require intricate patterns and high dimensional accuracy. Ongoing advancements in healthcare technology, particularly in telemedicine and remote diagnostics, are expected to drive the demand for specialized photoresists tailored to the unique requirements of medical applications. As the medical industry continues to evolve and embrace new technologies, the role of photoresists will become increasingly vital.

Others:

The 'Others' segment signifies a diverse range of industries utilizing photoresists, including telecommunications, defense, and energy. As technological advancements continue to reshape these industries, the demand for specialized photoresists is expected to grow. In telecommunications, photoresists are utilized in the manufacturing of optical devices and fiber optics, whereas in defense, they play a crucial role in the production of advanced imaging systems. The energy sector, especially in renewable technologies like solar panels, is also witnessing an increase in the use of photoresists for creating efficient and effective photovoltaic cells. As industries evolve and expand their technological capabilities, the 'Others' segment will continue to emerge as a significant contributor to the overall photoresists market.

By Region

The regional analysis of the photoresists market indicates that Asia Pacific holds the largest share, accounting for approximately 45% of the total market. This dominance can be attributed to the region's robust semiconductor manufacturing base, particularly in countries such as China, South Korea, and Taiwan. The continuous investments in technology and infrastructure to support the growing electronics industry also play a pivotal role in the region's market performance. Additionally, the increasing demand for consumer electronics and automotive applications in Asia Pacific is expected to drive the growth of photoresists, with a projected CAGR of 7.2% during the forecast period. The region's commitment to research and development further enhances its position as a leader in the photoresists market.

North America follows closely as a key player in the photoresists market, accounting for roughly 30% of the global market share. The United States is a significant contributor to this segment, driven by its advanced technology and innovation in semiconductor manufacturing and electronic devices. The presence of major semiconductor companies, along with a strong focus on research and development, is fostering growth in this region. Furthermore, the increasing demand for high-performance electronic components in various industries, including aerospace and automotive, is expected to sustain the upward trajectory of the photoresists market in North America. Meanwhile, Europe captures around 20% of the market share, where the aerospace and automotive sectors play a significant role in driving the demand for advance photoresists.

Opportunities

The photoresists market is poised for significant opportunities driven by rapid technological advancements and the ongoing demand for electronic devices across various sectors. One of the primary opportunities lies in the increased emphasis on developing advanced photolithography technologies that require innovative photoresist materials. As industries push for higher resolutions and more intricate designs, there is an urgent need for photoresists that can provide improved performance and reliability. Furthermore, the growing trend towards green technologies and sustainable manufacturing processes presents opportunities for photoresist manufacturers to develop eco-friendly materials that meet regulatory standards while ensuring high performance. The emergence of new applications in nanotechnology and flexible electronics is also creating avenues for growth, as these technologies often necessitate specialized photoresist formulations that can meet their unique requirements. As the industry anticipates and adapts to these changes, there will be numerous opportunities for stakeholders to capitalize on this expanding market.

Additionally, the rising demand for electric vehicles (EVs) and renewable energy technologies is opening new avenues for photoresist applications. As the automotive industry shifts towards electrification, there is an increasing need for advanced electronics, sensors, and control systems, all of which rely on high-quality photoresist materials. The integration of photoresists in the manufacturing of photovoltaic devices for solar energy applications represents another growth opportunity. Manufacturers can leverage this growing market by developing specialized photoresists that cater to the unique demands of solar cell production. Moreover, as the medical industry continues to innovate, the demand for advanced medical devices and diagnostics solutions is expected to rise, further driving the need for high-performance photoresists tailored to these applications. Overall, the ongoing developments and emerging trends in various sectors present significant opportunities for growth and innovation in the photoresists market.

Threats

Despite the promising prospects in the photoresists market, several threats could potentially hinder its growth trajectory. One of the primary concerns is the volatility in the prices of raw materials used in the production of photoresists. Fluctuations in the costs of chemicals and other essential materials can significantly impact profit margins for manufacturers, leading to increased production costs which may ultimately be passed on to consumers. Additionally, the rapid pace of technological advancements poses a challenge, as companies must continuously invest in research and development to keep pace with market demands. Failing to innovate or adapt to new technologies may result in a loss of competitive advantage and market share. Furthermore, the increasing competition from alternative materials and processes, such as direct writing or nanoimprint lithography, could shift the focus away from traditional photoresists, impacting their market position.

Regulatory challenges also present a potential threat to the photoresists market. Stricter environmental regulations related to chemical usage and disposal may necessitate changes in production processes and formulations, which could increase operational costs for manufacturers. Compliance with these regulations may require significant investments in technology and infrastructure, thereby affecting profitability. Moreover, the geopolitical landscape can influence supply chains, as trade tensions and tariffs may disrupt the availability of raw materials and components required for photoresist production. Companies operating in this market must remain vigilant and adaptable to navigate these challenges effectively, ensuring that they continue to grow and thrive in a dynamic and competitive environment.

Competitor Outlook

• Tokyo Ohka Kogyo Co., Ltd.
• Shin-Etsu Chemical Co., Ltd.
• DuPont de Nemours, Inc.
• Merck KGaA
• Sumitomo Chemical Co., Ltd.
• JSR Corporation
• Hodogaya Chemical Co., Ltd.
• Fujifilm Holdings Corporation
• Dow Inc.
• Allresist GmbH
• Microchemicals GmbH
• LG Chem Ltd.
• Agfa-Gevaert N.V.
• KMG Chemicals Inc.
• Avantor Performance Materials, LLC

The competitive landscape of the photoresists market is characterized by several leading players that dominate the industry and propel innovations in product development. Companies such as Tokyo Ohka Kogyo Co., Ltd. and Shin-Etsu Chemical Co., Ltd. are at the forefront, consistently investing in research and development to deliver advanced photoresist formulations that meet the ever-evolving demands of the semiconductor and electronics industries. These market leaders are recognized for their strong global presence and extensive product portfolios, which allow them to cater to various applications effectively. Additionally, DuPont de Nemours, Inc. has established itself as a key player by focusing on sustainable practices and environmentally friendly photoresist solutions, aligning with the growing industry emphasis on green technologies.

Merck KGaA and Sumitomo Chemical Co., Ltd. are also notable competitors, leveraging their expertise in material science to develop high-performance photoresists that support the miniaturization of electronic components. JSR Corporation and Hodogaya Chemical Co., Ltd. have made significant strides in expanding their product offerings to include photoresists with enhanced sensitivity and resolution, enabling manufacturers to achieve greater precision in their lithography processes. Furthermore, companies like Fujifilm Holdings Corporation and Dow Inc. are actively engaging in strategic partnerships and collaborations to enhance their competitive edge in the market. These companies aim to leverage their strengths in chemistry and technology to deliver innovative solutions that address the specific needs of various industries.

As the photoresists market continues to grow, the competitive landscape is expected to evolve with new entrants and innovations. Companies like Agfa-Gevaert N.V. and KMG Chemicals Inc. are increasingly focusing on niche applications and specialized formulations to differentiate themselves in the market. This trend toward specialization is indicative of the broader industry shift toward meeting the unique requirements of diverse sectors such as automotive, aerospace, and medical technologies. As competition intensifies, these companies must remain agile and responsive to market trends, ensuring that they stay ahead in the dynamic photoresists market. Overall, the competitive outlook for the industry is promising, as established players and emerging companies alike strive to innovate and capture market share in this rapidly evolving landscape.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Dow Inc.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Merck KGaA
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 LG Chem Ltd.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Allresist GmbH
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 JSR Corporation
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Agfa-Gevaert N.V.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 KMG Chemicals Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Microchemicals GmbH
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 DuPont de Nemours, Inc.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Tokyo Ohka Kogyo Co., Ltd.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Hodogaya Chemical Co., Ltd.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Sumitomo Chemical Co., Ltd.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Shin-Etsu Chemical Co., Ltd.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Fujifilm Holdings Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Avantor Performance Materials, LLC
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Photoresists Market, By Type
    • 6.1.1 Positive Photoresists
    • 6.1.2 Negative Photoresists
    • 6.1.3 Lift-off Photoresists
    • 6.1.4 Chemically Amplified Photoresists
    • 6.1.5 Others
  • 6.2 Photoresists Market, By Application
    • 6.2.1 Semiconductor & IC
    • 6.2.2 LCDs
    • 6.2.3 MEMS
    • 6.2.4 Printed Circuit Boards
    • 6.2.5 Others
  • 6.3 Photoresists Market, By Use Industry
    • 6.3.1 Electronics
    • 6.3.2 Automotive
    • 6.3.3 Aerospace
    • 6.3.4 Medical
    • 6.3.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Photoresists Market by Region
  • 10.3 Asia Pacific - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 India
      • 10.3.1.2 China
      • 10.3.1.3 Japan
      • 10.3.1.4 South Korea
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Photoresists market is categorized based on

By Type

• Positive Photoresists
• Negative Photoresists
• Lift-off Photoresists
• Chemically Amplified Photoresists
• Others

By Application

• Semiconductor & IC
• LCDs
• MEMS
• Printed Circuit Boards
• Others

By Use Industry

• Electronics
• Automotive
• Aerospace
• Medical
• Others

By Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Tokyo Ohka Kogyo Co., Ltd.
• Shin-Etsu Chemical Co., Ltd.
• DuPont de Nemours, Inc.
• Merck KGaA
• Sumitomo Chemical Co., Ltd.
• JSR Corporation
• Hodogaya Chemical Co., Ltd.
• Fujifilm Holdings Corporation
• Dow Inc.
• Allresist GmbH
• Microchemicals GmbH
• LG Chem Ltd.
• Agfa-Gevaert N.V.
• KMG Chemicals Inc.
• Avantor Performance Materials, LLC