The Global Dry Film Market was valued at USD 909 Million in 2024 and is projected to reach USD 889 Million by 2032, exhibiting a decline with a negative Compound Annual Growth Rate (CAGR) of 0.3% during the forecast period. This market dynamic reflects a period of consolidation and technological transition, driven by intense competition from alternative photoresist technologies and pricing pressures amid evolving electronics manufacturing demands. Despite the slight overall contraction, key segments, particularly in advanced semiconductor packaging, continue to demonstrate resilience and targeted growth.

As the electronics industry pushes toward greater miniaturization and higher-performance components, the focus shifts to the specialized material suppliers enabling this precision. Dry film photoresists remain a cornerstone of printed circuit board (PCB) fabrication and semiconductor packaging. In this blog, we profile the Top 10 Companies in the Dry Film Industry—a group of chemical giants and specialized manufacturers whose innovations in material science are critical to the future of global electronics.

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🔟 1. Hitachi Chemical Co., Ltd. (Now Part of Showa Denko Materials)

Headquarters: Tokyo, Japan
Key Offering: Full range of dry film photoresists (≤20µm to ≥40µm)

Hitachi Chemical, now integrated into Showa Denko Materials following a merger, has long been a dominant force in the dry film market. The company’s products are essential for manufacturing high-density interconnect (HDI) PCBs and advanced semiconductor packages, known for their exceptional resolution and thermal stability.

Technological Initiatives:

• Pioneering ultra-thin films for fan-out wafer-level packaging (FOWLP)

• Development of halogen-free and low-VOC formulations for environmental compliance

• Strategic R&D focus on materials for next-generation 3D IC integration

Download FREE Sample Report: Dry Film Market – View in Detailed Research Report

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9️⃣ 2. Asahi Kasei Corporation

Headquarters: Tokyo, Japan
Key Offering: High-performance dry film photoresists for PCBs and IC substrates

Asahi Kasei is a major global supplier of dry film, leveraging its deep expertise in polymer chemistry. The company’s products are widely used by leading PCB manufacturers in Asia and are critical for applications requiring fine-line patterning and high reliability, such as in automotive and telecommunications electronics.

Technological Initiatives:

• Investment in advanced production facilities to increase capacity for high-end films

• Focus on developing photosensitive materials with improved adhesion and developing properties

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8️⃣ 3. Eternal Materials Co., Ltd.

Headquarters: Kaohsiung, Taiwan
Key Offering: Comprehensive portfolio of dry film photoresists, including solder masks

Eternal Materials is a key player in the Asian dry film market, with a strong presence in Taiwan and mainland China. The company provides a wide range of photoresist products that cater to various PCB manufacturing processes, from standard multilayer boards to complex HDI designs.

Technological Initiatives:

• Expansion of production capabilities to serve the growing Southeast Asian market

• Development of cost-effective dry film solutions for mass-market consumer electronics

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7️⃣ 4. KOLON Industries Inc.

Headquarters: Seoul, South Korea
Key Offering: Dry film photoresists for flexible PCBs and semiconductor packaging

KOLON Industries is a leading South Korean chemical company with a significant stake in the dry film market. Its products are renowned for their quality and are extensively used by the country’s robust electronics sector, particularly for flexible printed circuits found in smartphones and wearable devices.

Technological Initiatives:

• R&D into dry films suitable for flexible and stretchable electronics

• Enhancement of product lines to meet the demands of 5G infrastructure components

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6️⃣ 5. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Riston® dry film photoresists and other electronic materials

DuPont’s Riston® brand is one of the most recognized names in the dry film industry, with a long history of innovation. As a major player in Western markets, DuPont supplies high-performance photoresists for demanding applications in aerospace, defense, and high-end computing.

Technological Initiatives:

• Continuous improvement of the Riston® product line for finer feature resolution

• Sustainability-focused R&D to reduce the environmental footprint of photoresist processing

Download FREE Sample Report: Dry Film Market – View in Detailed Research Report

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5️⃣ 6. Changchun Group

Headquarters: Taipei, Taiwan
Key Offering: Dry film photoresists for PCB manufacturing

Changchun Group is a significant Taiwanese chemical company with a growing presence in the dry film sector. It supplies photoresist materials to PCB fabricators across Asia and is increasingly competing with larger players through competitive pricing and reliable product performance.

Technological Initiatives:

• Capacity expansion to capture market share in the competitively priced segment

• Development of products tailored for the Chinese domestic PCB industry

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4️⃣ 7. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Specialty chemicals, including dry film photoresists

Mitsubishi Chemical, a global chemical conglomerate, offers dry film photoresists as part of its broad portfolio of electronic materials. The company leverages its vast R&D resources to develop advanced materials for the semiconductor and electronics industries.

Technological Initiatives:

• Integration of dry film solutions with other electronic material offerings

• Research into next-generation photoresist chemistries for extreme ultraviolet (EUV) lithography applications

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3️⃣ 8. Elga Japan (Part of the SACCH Group, Italy)

Headquarters: Milan, Italy (Parent Company), with operations in Japan
Key Offering: Dry film photoresists and related chemical products

Elga Japan represents a significant international presence in the market, connecting European chemical expertise with the Asian electronics manufacturing hub. The company supplies specialized dry films to various manufacturers, focusing on quality and technical support.

Technological Initiatives:

• Focus on niche applications and customized dry film solutions

• Ensuring compliance with stringent international environmental and safety standards (e.g., REACH, RoHS)

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2️⃣ 9. FIRST Applied Materials

Headquarters: Guangdong, China
Key Offering: Dry film photoresists for the domestic Chinese market

FIRST Applied Materials is a key Chinese manufacturer capitalizing on the country’s massive PCB production industry. The company plays a crucial role in the domestic supply chain, providing photoresists to local fabricators and contributing to China’s position as the world’s largest producer of dry films.

Technological Initiatives:

• Rapid scaling of production capacity to meet local demand

• Development of products that compete with international brands on cost-performance metrics

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1️⃣ 10. EMS-American Grilon

Headquarters: Sumter, South Carolina, USA (EMS-Grivory)
Key Offering: High-performance polymer films, including substrates for dry film photoresists

EMS-American Grilon, part of the EMS-Chemie Holding Group, is a leading producer of high-quality polyester and polyamide films. While not a direct photoresist formulator, the company is a critical supplier of the base film substrates that leading dry film manufacturers rely on, making it an essential part of the value chain.

Technological Initiatives:

• Production of ultra-clear, dimensionally stable PET films for high-resolution photoresists

• Continuous improvement of film properties to support the industry’s trend toward thinner photoresists

Read Full Report: Dry Film Market – View in Detailed Research Report

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🔬 Outlook: The Future of Dry Film Is Precision and Specialization

The dry film market is navigating a period of strategic evolution. While traditional PCB applications face pressure, the industry is pivoting toward high-value, specialized applications in advanced semiconductor packaging and next-generation electronics, driven by relentless innovation in material science.

📈 Key Trends Shaping the Market:

• Accelerated adoption of ultra-thin films (≤20μm) for 3D IC and fan-out packaging

• Growing demand for environmentally compliant, halogen-free, and low-VOC formulations

• Consolidation among top players to achieve economies of scale and R&D synergies

• Geographic shift in PCB production, creating new demand centers in Southeast Asia

Read Full Report: Dry Film Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials for today’s electronics—they are engineering the advanced solutions that will enable the devices of tomorrow.