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Select a topic or subject Materials for LCD Displays: A new 1.6 Billion Dollar Market for Chemical Companies

| Editor: Dominik Stephan

The boom of LCD displays and flatscreens opens new market opportunities for the chemical industry: The demand for the four primary chemical materials used in thin-film transistor (TFT) liquid crystal display could reach US $ 1.6 billion this year.

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The boom of flatscreens and LCD displays has created a US $ 1.6 billion market for several key chemicals.
The boom of flatscreens and LCD displays has created a US $ 1.6 billion market for several key chemicals.
(Picture: Unsplash (CC0))

Santa Clara, California/USA – Especially the revenues for of etchant, used for electrode patterning, will reach a staggering US $ 850 million, market analysts HIS assume. More than 660,000 tons of etchant will be consumed by the display industry this year.

“The TFT LCD manufacturing process consumes more etchant than any other chemical in the electronics industry,” said Kihyun Kim, senior analyst of chemical material research for IHS Technology. “With screen resolution increasing, use of this component is on the rise.”

By the end of this year, photoresist, which is also widely used in the display industry’s photo-lithography process, is expected to reach US $ 270 million; stripper, used to remove photoresist in the photo-lithography process, will exceed US $ 310 million; and developer, used to develop photoresist when exposed to light, will reach US $ 130 million, according to recent HIS figures. Revenue for RGB resist, resin BM, and photo spacer, which are used in color filtering, will reach US $ 1.4 billion this year.

“The display chemical materials market will grow continuously, due mainly to Chinese panel makers’ aggressive manufacturing investment plans,” Kim said. “Larger fabs consume more chemical materials; however, revenue growth for chemical materials could be slower than consumption growth, because of severe price erosion.”

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