FPD Photomask Market

The FPD photomask market has been segmented on the basis of product, application, and region. On the basis of product, the FPD photomask market is segmented into organic and inorganic. The inorganic FPD photomasks are mainly used in electronics, while the organic FPD photomasks are used in various other industrial applications such as healthcare, gaming, food and beverage, and others. The application segment comprises three major applications: medical devices, printing and packaging materials, and others.

One trend that is expected to drive market growth over the forecast period is the increasing demand for drug-device combinations owing to their potential to reduce treatment costs and improve patient outcomes. The growing number of devices being used in combination with drugs is also anticipated to bolster the demand for FPD photomasks.

The global FPD photomask market was estimated at around US$XX billion in 2018 and is projected to grow at a CAGR of around **% during the forecast period of 2019–2031. This growth can be attributed to factors such as increasing demand from the industrial and electronics sectors for photo-quality masks used in various applications such as electronic printing, lithography, semiconductor fabrication, solar energy conversion, medical imaging, food packaging, and others.

Another trend that is expected to propel market growth over the forecast period is the increasing demand from healthcare providers for more reliable and accurate images. This increase in demand is attributable to factors such as improving patient safety, reducing adverse events, and decreasing time spent on photo documentation.

Some of the leading players in the FPD photomask market are Hoya Corporation, Dai Nippon Printing, SK Electronics, Toppan Photomasks, Photonics (PKL), LG Innotek, Shenzhen Qingyi Photomask, Shenzhen Newway Photomask, Taiwan Mask Corporation.