The Global LCD Color and Black Photoresists Market was valued at approximately USD 1.8 Billion in 2025 and is projected to reach USD 3.1 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period (2024–2034). This steady growth is fueled by persistent demand for large-area LCD panels for televisions and monitors, alongside the sustained production of displays for laptops, tablets, and smartphones, even as the industry navigates competition from alternative technologies like OLED.

As display technology advances toward higher resolutions, wider color gamuts, and more energy-efficient designs, the critical role of photoresist suppliers becomes increasingly apparent. These companies provide the essential light-sensitive materials that define the vibrant color filters and precise black matrices in every LCD screen. In this blog, we profile the Top 10 Companies in the LCD Color and Black Photoresists Industry—a group of chemical giants and specialized manufacturers who are driving the innovation that shapes our visual world.

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🔟 1. JSR Corporation

Headquarters: Tokyo, Japan
Key Offering: High-performance Color and Black Photoresists for Advanced LCDs

JSR Corporation is a global leader in material science and a dominant force in the photoresist market. The company supplies advanced photoresist formulations to major display panel manufacturers worldwide, with a strong focus on materials for high-resolution and high-color-gamut applications. Their R&D efforts are concentrated on developing next-generation products for 8K displays and emerging hybrid display technologies.

Innovation Initiatives:

• Pioneering development of photoresists for ultra-fine pixel patterning

• Strong focus on materials compatible with Mini-LED and Quantum Dot enhancement films

• Extensive collaboration with leading panel makers to customize formulations

Download FREE Sample Report:
LCD Color and Black Photoresists Market – View in Detailed Research Report

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9️⃣ 2. Sumitomo Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Comprehensive portfolio of Color Resists and Black Matrix Materials

Sumitomo Chemical is one of the largest suppliers of LCD photoresists globally, with a market share that underscores its technological prowess. The company offers a full suite of materials for color filter manufacturing, including pigments, dispersions, and photoresists. Its products are known for high color purity, excellent durability, and consistency, which are critical for mass production.

Innovation Initiatives:

• Investment in production capacity expansion to meet growing demand

• Development of environmentally friendly photoresist formulations with reduced VOC content

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8️⃣ 3. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Color Photoresists, Black Photoresists, and Functional Materials

Mitsubishi Chemical holds a leading position in both color and black photoresist segments. The company leverages its broad chemical expertise to develop materials that meet the stringent requirements of modern display manufacturing, including thermal stability and chemical resistance. Its products are essential for applications ranging from large-screen TVs to high-end mobile displays.

Innovation Initiatives:

• Advanced R&D focused on photoresists for flexible and bendable displays

• Integration of proprietary pigment technologies to enhance color performance

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7️⃣ 4. Toyo Ink SC Holdings Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Color Filter Resists, Black Matrix Resists, and Related Chemicals

Toyo Ink is a key player with deep expertise in color science and pigment technology. The company’s photoresists are renowned for their vibrant color reproduction and reliability. Toyo Ink serves a global client base and is actively involved in developing solutions for the next generation of displays, including those for automotive and specialized industrial applications.

Innovation Initiatives:

• Focus on high-reliability materials for automotive-grade displays

• Development of low-cure-temperature photoresists for sensitive substrates

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6️⃣ 5. Dai Nippon Printing Co., Ltd. (DNP)

Headquarters: Tokyo, Japan
Key Offering: Color Resists, Black Matrix Materials, and Color Filter Services

DNP is a unique player as it is both a major supplier of photoresist materials and a leading manufacturer of color filters themselves. This vertical integration gives DNP unparalleled insight into the practical challenges of display manufacturing, allowing them to develop highly optimized photoresist products that improve yield and performance for their customers.

Innovation Initiatives:

• Leveraging in-house color filter production to refine material properties

• R&D into photoresists for augmented reality (AR) and virtual reality (VR) displays

Download FREE Sample Report:
LCD Color and Black Photoresists Market – View in Detailed Research Report

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5️⃣ 6. Tokyo Ohka Kogyo Co., Ltd. (TOK)

Headquarters: Kawasaki, Japan
Key Offering: Specialty Black Photoresists and High-Performance Materials

TOK is a globally recognized specialist in photoresist technology, with a strong presence in the black photoresist segment. The company’s materials are critical for creating the precise black matrix that separates subpixels, preventing light leakage and enhancing contrast ratios. TOK’s expertise is particularly valued in high-end display applications where performance is paramount.

Innovation Initiatives:

• Development of ultra-high-contrast black matrix materials

• Focus on improving processing latitude and defect reduction

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4️⃣ 7. NIPPON STEEL Chemical & Material Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Black Matrix Photoresists and Functional Polymer Materials

NIPPON STEEL Chemical & Material is a significant supplier of black photoresists, building on its heritage in material science. The company’s products are known for their excellent light-blocking capabilities and adhesion properties. They work closely with display makers to ensure their materials meet the evolving demands for thinner bezels and higher aperture ratios.

Innovation Initiatives:

• Investment in carbon-based black matrix technologies for superior performance

• Enhancement of material properties for improved manufacturing yield

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3️⃣ 8. ADEKA Corporation

Headquarters: Tokyo, Japan
Key Offering: Specialty Black Photoresists and Additives

ADEKA is a key chemical company with a focused offering in the black photoresist market. Its products are used to create the essential light-shielding layers in LCDs. ADEKA emphasizes the development of materials with high chemical resistance and thermal stability, which are necessary to withstand the harsh conditions of the panel manufacturing process.

Innovation Initiatives:

• Research into novel photo-initiators and polymer systems

• Customization of products for specific customer process requirements

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2️⃣ 9. CHIMEI Corporation

Headquarters: Tainan, Taiwan
Key Offering: Color Photoresists and Display Materials

CHIMEI is a major Taiwanese supplier that has grown to become a significant alternative to Japanese manufacturers. As part of the Innolux Corporation group, a leading panel maker, CHIMEI benefits from synergistic R&D and a guaranteed base demand. This position allows them to compete effectively on both technology and cost, serving the vast Asian display manufacturing ecosystem.

Innovation Initiatives:

• Leveraging vertical integration within the Innolux group for rapid product iteration

• Expansion of production capacity to capture greater market share

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1️⃣ 10. Dongjin Semichem Co., Ltd.

Headquarters: Hwaseong, South Korea
Key Offering: Etchants, Photoresists, and Electronic Chemicals for Displays

Dongjin Semichem is a leading South Korean supplier of electronic materials, including photoresists for the display industry. The company has strategically grown its presence by supplying the major Korean display giants. Dongjin Semichem focuses on providing high-quality, cost-competitive materials and is actively expanding its technological capabilities to challenge the dominance of established Japanese players.

Innovation Initiatives:

• Aggressive R&D investment to close the technology gap with market leaders

• Strategic partnerships with Korean panel makers for co-development

Get Full Report Here:
LCD Color and Black Photoresists Market – View in Detailed Research Report

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🌍 Outlook: The Future of LCD Photoresists is Higher Precision and New Applications

The LCD color and black photoresists market is undergoing a strategic evolution. While traditional LCD demand remains robust, the industry is investing heavily in advanced material formulations to enable higher-resolution displays and penetrate new application areas beyond consumer electronics.

📈 Key Trends Shaping the Market:

• R&D focus on photoresists for 8K+ resolution and ultra-high pixel density

• Growing demand for materials suited to automotive displays requiring high reliability and wide temperature tolerance

• Development of photoresists for hybrid display technologies like Mini-LED backlit LCDs

• Geographic diversification of supply chains to reduce concentration risk

Get Full Report Here:
LCD Color and Black Photoresists Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials for today’s displays—they’re engineering the foundation for future visual technologies.