my country’s LCD industry is developing rapidly, and the market demand for color photoresist is showing a growing trend

Color filters are an important component for LCD displays to display colors, accounting for about 20% of the panel cost. Their production costs directly affect the selling price and competitiveness of LCD products. Among color filters, black photoresist and color photoresist account for about 45% of the overall cost. Color photoresist is an important raw material for the development of the LCD industry and a key element to ensure product color and contrast. Benefiting from the development of the LCD industry, the market demand for color photoresists is showing a growing trend, and the industry has good development prospects.

Panel photoresist has multiple subdivided products, such as color photoresist, black photoresist, touch screen photoresist, TFT-LCD photoresist, etc. Among them, color photoresist is a high-end product. The development of the color photoresist industry is related to LCD production demand. As the global panel industry gradually shifts to my country, my country’s LCD production continues to rise. In 2020, my country’s LCD production capacity will account for about 52% of the world’s total production capacity. At present, LCD accounts for a relatively high proportion of my country’s panel display market, reaching more than 75%. In 2020, my country’s LCD output will be 350 million square meters. Benefiting from the rapid development of the LCD industry, the market demand for color filters has increased, thereby promoting the development of the color photoresist industry.

According to the “Global Color Photoresist Industry In-depth Market Research and Key Area Research Report 2022-2026” released by the Industrial Research Center , the technical threshold for panel photoresist production is high, the current localization rate is low, and the production capacity is concentrated in the low-end touch screen photoresist field, and the color or black photoresist market with higher added value is monopolized by Japan and South Korea. The current global color photoresist market is mainly occupied by companies such as Tokyo Onka, LG Chemical, Toyo Ink, Sumitomo Chemical, Mitsubishi Chemical, and Chi Mei. Companies in Japan, South Korea, and Taiwan account for about 88% of the market.

my country’s color photoresist industry is still in its infancy, with relatively small production capacity and reliance on imports for market demand. There will be large room for domestic substitution in the future. Benefiting from the development of the LCD industry, my country’s color photoresist industry has good development prospects, attracting domestic companies to deploy. Currently, local companies that can produce color photoresists include Yongtai Technology, Yak Technology, Beijing Dingcai, and Fuyang Xinyihua, etc. , but the scale of the above enterprises is too small and cannot meet the market demand. In the future, with the continued development of my country’s LCD industry and the improvement of domestic LCD photoresist production technology, the localization of color photoresists will gradually be realized.

Industry analysts said that color photoresist is a subdivision of LCD photoresist and an important product in LCD production. Benefiting from the rapid development of my country’s LCD industry, the market demand for color photoresists continues to rise, and the industry has developed rapidly. In terms of production, my country’s color photoresist localization rate is low, domestic color photoresist production capacity is low, and product quality lags behind imported products. The current market demand still relies on imports, and there is a large space for localization in the future.