Spin on carbon refers to a polymer solution with a high carbon content used in the microchip fabrication process. It is the intrinsic angular momentum of its electrons, creating a magnetic moment. It is a basic characteristic that is essential to materials science and quantum physics. Different spin configurations are made possible by carbon\'s special electrical structure, which is crucial for applications like spintronics and MRI. The public awareness and perception of CCS (carbon capture and storage) as well as the growth in marine and automotive applications are providing lucrative market growth opportunities. The growing demand for advanced wafer packaging solutions, the popularity of miniature electronic devices, and the complexity of integrated circuits are bolstering the market growth. Further, the growing need for advanced lithography processes is promoting the global spin on the carbon market. On the contrary, the availability of substitute competitive materials is restraining the market.