The Global Dry Film Market was valued at USD 909 Million in 2024 and is projected to reach USD 889 Million by 2032, declining at a Compound Annual Growth Rate (CAGR) of -0.3% during the forecast period (2024–2032). Despite this overall slight contraction, sustained demand from the printed circuit board (PCB) industry and rapid growth in semiconductor packaging applications are creating significant opportunities for innovation-focused players. The market’s evolution is being shaped by the shift toward miniaturization in electronics and the development of advanced, eco-friendly photoresist formulations.

As the electronics manufacturing industry advances toward higher-density interconnects and sophisticated packaging, the critical role of dry film photoresists becomes increasingly evident. In this blog, we profile the Top 10 Companies in the Dry Film Industry—a group of chemical giants and specialized manufacturers driving precision, performance, and sustainability in global electronics production.

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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 (20-40µm), including high-resolution films for HDI PCBs and semiconductor packaging

Hitachi Chemical, now operating under Showa Denko Materials following a merger, has long been a dominant force in the dry film market. The company’s photoresist products are renowned for their exceptional resolution, thermal stability, and chemical resistance, making them the preferred choice for high-end PCB fabrication and advanced semiconductor packaging applications worldwide.

Innovation Initiatives:

• Pioneering developments in ultra-thin dry films (≤20µm) for fan-out wafer-level packaging

• Investment in halogen-free and environmentally friendly formulations to meet stringent RoHS directives

• Strategic focus on R&D for next-generation packaging technologies including 2.5D and 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: AWP series dry film photoresists, including products for flexible PCBs and high-frequency applications

Asahi Kasei maintains a strong position in the global dry film market through its advanced photoresist technologies and extensive manufacturing capabilities. The company’s products are particularly noted for their excellent adhesion properties and resolution capabilities, serving demanding applications in automotive electronics and communication devices.

Innovation Initiatives:

• Development of low-dielectric constant dry films for 5G applications

• Expansion of production capacity in Southeast Asia to better serve global electronics manufacturers

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8️⃣ 3. Eternal Materials Co., Ltd.

Headquarters: Kaohsiung, Taiwan
Key Offering: Comprehensive dry film photoresist portfolio for various PCB types and semiconductor packaging

Eternal Materials has established itself as a key player in the Asian dry film market, leveraging Taiwan’s strategic position in the global electronics supply chain. The company offers a wide range of photoresist products that balance performance with cost-effectiveness, making them popular among PCB manufacturers across different tiers.

Innovation Initiatives:

• Focus on water-developable dry films to reduce environmental impact

• Strategic partnerships with Chinese PCB manufacturers to capture growing domestic demand

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7️⃣ 4. KOLON Industries Inc.

Headquarters: Seoul, South Korea
Key Offering: KCF series dry film photoresists, including specialized products for IC substrate manufacturing

KOLON Industries brings strong technical expertise and manufacturing excellence to the dry film market, with particular strength in products for high-density interconnect PCBs and semiconductor substrates. The company’s close relationships with major Korean electronics giants provide a stable demand base and opportunities for collaborative development.

Innovation Initiatives:

• Investment in R&D for advanced packaging materials including photosensitive polyimide films

• Expansion of product portfolio to address emerging applications in automotive and display technologies

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6️⃣ 5. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Riston dry film photoresists, including high-performance products for advanced PCB and packaging applications

DuPont remains the Western leader in dry film technology with its renowned Riston product line, which has set industry standards for decades. The company’s strong R&D capabilities and global technical support network make it a preferred supplier for high-reliability applications in aerospace, defense, and telecommunications.

Innovation Initiatives:

• Development of next-generation dry films with improved resolution for miniaturization trends

• Focus on sustainable formulations with reduced environmental footprint

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

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5️⃣ 6. Changchun Group

Headquarters: Taoyuan, Taiwan
Key Offering: Dry film photoresists for mainstream PCB applications and speciality chemicals for electronics

Changchun Group has grown significantly in the dry film market by offering competitive products that meet the needs of Taiwan’s extensive PCB manufacturing ecosystem. The company’s integrated chemical operations provide advantages in raw material sourcing and cost management.

Innovation Initiatives:

• Expansion into photoresists for liquid crystal display manufacturing

• Development of environmentally compliant products for European and North American markets

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4️⃣ 7. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Specialty dry film photoresists for advanced applications, including photosensitive insulating materials

Mitsubishi Chemical brings its substantial chemical industry expertise to the dry film market, focusing on high-value segments that require specialized performance characteristics. The company’s products are particularly strong in applications demanding exceptional thermal and chemical resistance.

Innovation Initiatives:

• Development of multi-functional dry films combining resist and insulation properties

• Research into novel polymer systems for next-generation semiconductor packaging

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3️⃣ 8. Elga Japan (Part of Mitsubishi Chemical Group)

Headquarters: Milan, Italy (Japanese ownership)
Key Offering: Specialist dry film products for European PCB manufacturers and niche applications

Elga Japan serves as Mitsubishi Chemical’s European arm for dry film photoresists, providing localized technical support and customized solutions for the region’s diverse electronics manufacturing base. The company focuses on quality and reliability for demanding industrial and automotive applications.

Innovation Initiatives:

• Adaptation of products to meet stringent EU environmental regulations

• Development of application-specific formulations for automotive electronics

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2️⃣ 9. FIRST Applied Materials

Headquarters: Shenzhen, China
Key Offering: Cost-competitive dry film photoresists for China’s domestic PCB manufacturing sector

FIRST Applied Materials has capitalized on China’s position as the world’s largest PCB producer by offering affordable dry film solutions tailored to local manufacturing requirements. The company benefits from proximity to customers and understanding of regional market dynamics.

Innovation Initiatives:

• Focus on improving product quality to compete with international brands

• Expansion of product range to address growing semiconductor packaging market in China

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1️⃣ 10. EMS-American Grilon

Headquarters: Sumter, South Carolina, USA
Key Offering: Specialty polymer films and custom dry film formulations for North American market

EMS-American Grilon focuses on serving the North American electronics market with specialized dry film products and custom formulations. The company’s strength lies in its ability to provide tailored solutions for specific customer applications and rapid technical support.

Innovation Initiatives:

• Development of custom formulations for defense and aerospace applications

• Investment in small-batch production capabilities for prototyping and specialty orders

Get Full Report Here: Dry Film Market – View in Detailed Research Report

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🌍 Outlook: The Future of Dry Film Technology Is Smarter and More Sustainable

The dry film market is navigating a period of strategic transformation. While traditional PCB applications face pricing pressures and competition from alternative technologies, advanced semiconductor packaging represents a significant growth frontier. The industry is investing heavily in next-generation formulations, thinner films, and environmentally sustainable products to maintain relevance in the evolving electronics manufacturing landscape.

📈 Key Trends Shaping the Market:

• Accelerated adoption of ultra-thin films (≤20µm) for advanced semiconductor packaging

• Growing regulatory pressure driving development of eco-friendly, halogen-free formulations

• Increasing consolidation among manufacturers to achieve economies of scale

• Geographic shift of PCB production to Southeast Asia creating new regional demand patterns

Get Full Report Here: Dry Film Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials for electronics manufacturing—they’re driving the technological innovation that enables smaller, faster, and more powerful electronic devices.