Worldwide trend towards the adoption of dry films as an environment friendly alternative to traditional polyethylene based films, is expected to drive the market over the period of forecast. The Global Dry film market is projected to reach USD 1,070.32 million by 2027, at a CAGR of 2.6% over the forecast period(2021 to 2027) according to QuantAlign Research. Moreover, the evolving applications for PCB in the new generation of information-based industries, material industries, high-end equipment manufacturing industries, bio-industries, automotive industry, and digital creative industries has actuated the market growth. Additional use of PCB in medical devices, consumer electronics, aerospace equipment and other lighting applications is projected to generate new opportunities for dry films

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Global Dry Film Market Outlook, COVID-19 Impact, Trend Analysis by Thickness, Type, Application (Integrated Circuit, Printed Circuit Board, Semiconductor Imaging, Lubrication, Laser direct imaging), Industry Estimates 2021-2027 –  “https://quantalignresearch.com/global-dry-film-market-report “

Key insights: 

• By Application, Printed circuit board (PCB) application accounted for the largest share of the market in 2020, and is anticipated to augment at a considerable rate due to the expanding electronic industry across the globe. However, lubrication segment is expected to propel at the fastest CAGR

• The global dry film photoresist industry markets are primarily concentrated in United States, Taiwan, Japan, South Korea and China. The industry concentration is very high. The leading players include Asahi Kasei, Hitachi Chemical, DuPont, and other account for almost 90% the market share in 2020
• Based on thickness, the 25-50μm segment held the largest share of the global market in 2020, and the trend is likely to continue over the forecast period (2021-2027)
• Regionally, Asia Pacific dominated the overall market demand in 2020, and the trend is likely to continue over the forecast period. The aforementioned growth can be attributed to the rapid industrialization combined with the presence of major manufacturers in the region.

Key players operating in the market include:Mitsubishi Chemical Holdings, Hitachi Chemicals Company, Ltd., The Chemours Company, Kolon Industries, DuPont, Elga Japan, Changchun group, Vitracoat America Inc., EMS, Asahi kasei, are among others.