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Yahoo
a day ago
- Business
- Yahoo
Semiconductor Gas Abatement Systems Market Poised to Reach USD 5.8 Billion by 2034
Semiconductor Gas Abatement Systems Market Outlook 2025-2034 Luton, Bedfordshire, United Kingdom, May 30, 2025 (GLOBE NEWSWIRE) -- The global semiconductor gas abatement systems market is valued at approximately $3.1 billion, driven by increasing demand for eco-friendly manufacturing processes in the semiconductor industry. The market is projected to reach about $5.8 billion by 2034, indicating a robust Compound Annual Growth Rate (CAGR) of around 6.6% over the forecast period from 2025 to 2034. Get a Sample PDF Brochure: Rising Need for Environmental Compliance and Worker Safety Semiconductor gas abatement systems are critical for managing the hazardous gases produced during chip manufacturing processes. As governments around the world enforce stricter emission standards, manufacturers are increasingly investing in advanced abatement technologies to remain compliant and safeguard worker health. Key regulations, such as the U.S. EPA's emission control measures and the EU's REACH regulations, are driving adoption. These systems also contribute to corporate sustainability goals and operational efficiency in fabs by ensuring safe exhaust treatment and minimizing environmental impact. Market Trends: Focus on Hazardous Process Gases With the evolution of semiconductor manufacturing processes, gases such as ammonia, hydrogen chloride, and sulfur hexafluoride have become increasingly common. This trend is fueling the demand for more advanced process gas abatement solutions, which are emerging as a fast-growing market segment. Their ability to safely neutralize toxic emissions makes them vital to next-generation fabrication facilities. Application Scope Across High-Growth Industries While the primary demand stems from semiconductor fabs, gas abatement systems also serve a broader range of sectors: Automotive: Supporting the production of microchips for EVs and ADAS. Healthcare: Enabling safe semiconductor component production for diagnostic and medical devices. Electronics: Meeting demand in IoT, 5G, and AI-enabled devices. The continued rise of connected technologies will further expand the market's reach. Key Market Insights Regional Performance North America led the market in 2023 with 35% share, followed by Asia Pacific (30%) and Europe (20%). Asia Pacific is the fastest-growing region, thanks to major semiconductor investments in China, South Korea, and Taiwan. Browse full Report - Technology Breakdown Combustion-wash systems dominated in 2023 with a 40% share. Wet abatement systems accounted for 25% and are the fastest-growing due to their effectiveness against complex gases. Other technologies include catalytic (20%), dry (10%), and plasma-wet systems (5%). Top Applications Plasma etching led applications with 35% of market share in 2023. CVD and ALD followed with 30% and are expected to be the fastest-growing segments, driven by demand for advanced chip architectures. Ion implantation (20%) and other applications (15%) round out the sector. Market Dynamics Growth Drivers Rapid semiconductor expansion to support 5G, AI, IoT, and automotive electronics. Increased global semiconductor sales, reaching $552 billion in 2021, and projected to grow further. Rising investments in R&D and green manufacturing, backed by policies promoting sustainable tech infrastructure. Integration of advanced scrubber systems to neutralize hazardous emissions efficiently. Market Restraints High upfront costs of abatement technologies can be a barrier for small and mid-sized semiconductor players. Complex integration with existing manufacturing infrastructure can cause operational disruptions. Rapid tech changes require constant system upgrades to meet evolving standards. Opportunities Development of eco-friendly abatement solutions like regenerative thermal oxidizers (RTOs) and catalytic converters. Annual R&D investments in semiconductors expected to hit $25 billion by 2025, presenting growth potential for innovation in abatement technologies. Challenges Keeping pace with fast-evolving semiconductor fabrication processes. Managing price competition without sacrificing quality and compliance. Navigating ever-shifting regulatory landscapes and global environmental standards. Buy Now : Market Segmentation Overview By Technology Type Plasma-Based Systems Thermal Oxidation Systems Wet Scrubbing Systems Electrostatic Precipitators Vacuum Systems By Application Silicon Wafer Processing Photolithography Doping Processes Etching Processes Packaging Applications By End-User Industry Semiconductor Fabrication Electronics Manufacturing Photovoltaic Sector Research Institutions Automotive Electronics By Gas Type Greenhouse Gases Volatile Organic Compounds (VOCs) Aerosols Corrosive Gases Toxic Industrial Chemicals By System Configuration Centralized Systems Decentralized Systems Modular Systems Integrated Systems Standalone Systems By Region North America Europe Asia Pacific Middle East & Africa Latin America Competitive Landscape Leading players in the market are continuously investing in innovation and expanding their global footprint. Key companies profiled include: Air Products and Chemicals, Inc. Linde PLC Praxair Technology, Inc. Entegris, Inc. Semicosm, Inc. Tokyo Electron Limited Applied Materials, Inc. Fujisawa Seisakusho Co., Ltd. Pure Gas, Inc. Lam Research Corporation SMC Corporation ARA Technologies MKS Instruments, Inc. Merck KGaA BASF SE These organizations are recognized for their robust product portfolios, R&D capabilities, strategic partnerships, and regional market leadership. This report is also available in the following languages : Japanese (半導体ガス除去システム市場), Korean (반도체 가스 저감 시스템 시장), Chinese (半导体气体减排系统市场), French (Marché des systèmes de réduction des gaz à semi-conducteurs), German (Markt für Halbleitergasminderungssysteme), and Italian (Mercato dei sistemi di abbattimento dei gas semiconduttori), etc. Get a Sample PDF Brochure: More Research Finding – Semiconductor Exhaust Gas Treatment Scrubbers Market The global semiconductor exhaust gas treatment scrubbers market is valued at approximately USD 2.5 billion in 2024, reflecting significant investments in semiconductor manufacturing technology and environmental compliance. The market is projected to grow to around USD 4.5 billion by 2034, driven by stricter environmental regulations and rising demand for cleaner manufacturing processes. This represents a Compound Annual Growth Rate (CAGR) of approximately 6.0% during the forecast period from 2025 to 2034. Chlorine Scrubbers Market The global chlorine scrubbers market is valued at approximately $2.8 billion, with expectations to reach around $4.6 billion by 2034. This growth trajectory reflects a robust Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period from 2025 to 2034. The market is currently influenced by stringent environmental regulations aimed at reducing chlorine emissions and enhancing industrial safety protocols. Mercury Scrubbers Market The global mercury scrubbers market is estimated to reach a value of approximately $2.7 billion in 2024, driven by stringent environmental regulations and increasing awareness of mercury emissions' health impacts. By 2034, the market is projected to grow significantly, potentially reaching around $5.2 billion, reflecting a robust Compound Annual Growth Rate (CAGR) of 7.1% from 2025 to 2034. Sicherheits Absaugsystem Market The global market for Sicherheits Absaugsystem (safety exhaust systems) is valued at approximately $2.5 billion in 2024, with expectations to reach about $4 billion by 2034, driven by increasing occupational safety regulations and a heightened focus on worker health. This indicates a compound annual growth rate (CAGR) of around 5.1% during the forecast period from 2025 to 2034. Dry Type Dust Control System Market The dry type dust control system market is valued at approximately $2.5 billion in 2024, with a projected growth to around $4.5 billion by 2034, driven by heightened awareness of environmental regulations and the demand for cleaner industrial practices. The market is expected to exhibit a robust Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period from 2025 to 2034. Semiconductor OHT (Overhead Hoist Transport) Market The global semiconductor Overhead Hoist Transport (OHT) market is projected to reach a value of approximately $2.1 billion in 2024. By 2034, the market is expected to expand significantly, with a projected value of around $4.5 billion, reflecting robust growth driven by advancing semiconductor manufacturing technologies and increased automation. This translates to a Compound Annual Growth Rate (CAGR) of about 8.1% during the forecast period from 2025 to 2034. Semiconductor Diaphragm Valve Market The global semiconductor diaphragm valve market is valued at approximately $1.2 billion in 2024, with projections indicating a growth trajectory towards $2.1 billion by 2034. This reflects a robust Compound Annual Growth Rate (CAGR) of about 6.3% over the 2025-2034 forecast period, driven by increasing demand for efficient fluid control in semiconductor manufacturing processes. Semiconductor Metal Heater Market The global semiconductor metal heater market is valued at approximately $3.8 billion in 2024, with expectations to reach around $6.2 billion by 2034. This growth represents a Compound Annual Growth Rate (CAGR) of about 5.3% during the forecast period from 2025 to 2034. Semiconductor Metrology and Inspection Market The global semiconductor metrology and inspection market is poised to reach approximately $4.5 billion in 2024, driven by the heightened demand for advanced semiconductor technologies and miniaturization in electronics. Forecasted growth indicates a market value of around $9 billion by 2034, reflecting robust expansion during the upcoming decade. Semiconductor Pyrometers Market The global semiconductor pyrometers market is estimated to reach a value of approximately USD 430 million in 2024, driven by the increasing adoption of reliable temperature measurement solutions in semiconductor manufacturing and processing. The market is expected to witness significant growth over the forecast period from 2025 to 2034, with an anticipated market value of around USD 620 million by 2034, representing a Compound Annual Growth Rate (CAGR) of about 4.0%. Semiconductor FOUP and FOSB Market The global semiconductor Front Opening Unified Pod (FOUP) and Front Opening Shipping Box (FOSB) market is valued at approximately $1.5 billion in 2024, driven by the increasing demand for advanced semiconductor packaging and automation in semiconductor fabrication. By 2034, the market is projected to reach about $3.5 billion. This growth is underpinned by a compound annual growth rate (CAGR) of 8.5% during the forecast period from 2025 to 2034. Halogen Lamp for Semiconductor Market The global halogen lamp market for semiconductors is projected to reach approximately $1.2 billion in 2024, driven by increasing demand in the electronics sector, especially for lighting solutions in semiconductor manufacturing processes. As industries adopt more advanced technologies, the market is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2025 to 2034, potentially reaching around $2.1 billion by the end of the forecast period. Excimer Lamps Market The global excimer lamps market is valued at approximately $1.2 billion in 2024, projected to reach around $2 billion by 2034, reflecting a robust growth trajectory. This equates to a Compound Annual Growth Rate (CAGR) of approximately 6% during the forecast period from 2025 to 2034. ALD and CVD Precursors for Semiconductor Market The global market for Atomic Layer Deposition (ALD) and Chemical Vapor Deposition (CVD) precursors in the semiconductor industry is projected to reach approximately $3.2 billion in 2024. This market is expected to expand significantly, reaching an estimated $5.6 billion by 2034, driven by increasing demand for advanced semiconductor devices and innovative applications in sectors like artificial intelligence and Internet of Things (IoT). OHT for Semiconductor Manufacturing Lines Market The global Overhead Transport (OHT) market for semiconductor manufacturing lines is valued at approximately $2.3 billion in 2024. It is expected to reach $4.9 billion by 2034, indicating significant growth driven by the increasing demand for advanced semiconductor technologies and miniaturization in electronic devices. The projected Compound Annual Growth Rate (CAGR) for this period is approximately 8.1%. SMT Stencil PrinterMarket The global SMT (Surface Mount Technology) stencil printer market is valued at approximately $1.2 billion in 2024, with expectations to reach $1.8 billion by 2034, reflecting a robust growth trajectory. The Compound Annual Growth Rate (CAGR) for the forecast period (2025–2034) is projected at around 5.5%. CMP Polishing Pad Trimmer Market The global CMP polishing pad trimmer market is valued at approximately $500 million in 2024, with projections indicating growth to around $800 million by 2034. This trajectory reflects a Compound Annual Growth Rate (CAGR) of about 6% during the forecast period from 2025 to 2034. The market is currently characterized by a robust demand driven by advancements in semiconductor manufacturing and the increasing need for precision polishing in the electronics sector. High Purity Tungsten Sputtering Targets Market The market for high purity tungsten sputtering targets is valued at approximately $320 million, driven by the increasing demand for advanced semiconductor applications and photovoltaic technologies. Expected growth during the forecast period from 2025 to 2034 positions the market value at around $520 million, reflecting a robust upward trajectory in high-tech industries. Semiconductor Pedestals Market The global semiconductor pedestal market is estimated to reach a value of approximately $8.5 billion in 2024, driven by increasing demand for advanced semiconductor manufacturing processes and technologies. The market is projected to expand significantly over the forecast period from 2025 to 2034, reaching an estimated value of $15.2 billion by 2034. This growth translates to a robust Compound Annual Growth Rate (CAGR) of about 6.2%. CONTACT: Contact Data Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@ in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Semiconductor Gas Abatement Systems Market Poised to Reach USD 5.8 Billion by 2034
Semiconductor Gas Abatement Systems Market Outlook 2025-2034 Luton, Bedfordshire, United Kingdom, May 30, 2025 (GLOBE NEWSWIRE) -- The global semiconductor gas abatement systems market is valued at approximately $3.1 billion, driven by increasing demand for eco-friendly manufacturing processes in the semiconductor industry. The market is projected to reach about $5.8 billion by 2034, indicating a robust Compound Annual Growth Rate (CAGR) of around 6.6% over the forecast period from 2025 to 2034. Get a Sample PDF Brochure: Rising Need for Environmental Compliance and Worker Safety Semiconductor gas abatement systems are critical for managing the hazardous gases produced during chip manufacturing processes. As governments around the world enforce stricter emission standards, manufacturers are increasingly investing in advanced abatement technologies to remain compliant and safeguard worker health. Key regulations, such as the U.S. EPA's emission control measures and the EU's REACH regulations, are driving adoption. These systems also contribute to corporate sustainability goals and operational efficiency in fabs by ensuring safe exhaust treatment and minimizing environmental impact. Market Trends: Focus on Hazardous Process Gases With the evolution of semiconductor manufacturing processes, gases such as ammonia, hydrogen chloride, and sulfur hexafluoride have become increasingly common. This trend is fueling the demand for more advanced process gas abatement solutions, which are emerging as a fast-growing market segment. Their ability to safely neutralize toxic emissions makes them vital to next-generation fabrication facilities. Application Scope Across High-Growth Industries While the primary demand stems from semiconductor fabs, gas abatement systems also serve a broader range of sectors: Automotive: Supporting the production of microchips for EVs and ADAS. Healthcare: Enabling safe semiconductor component production for diagnostic and medical devices. Electronics: Meeting demand in IoT, 5G, and AI-enabled devices. The continued rise of connected technologies will further expand the market's reach. Key Market Insights Regional Performance North America led the market in 2023 with 35% share, followed by Asia Pacific (30%) and Europe (20%). Asia Pacific is the fastest-growing region, thanks to major semiconductor investments in China, South Korea, and Taiwan. Browse full Report - Technology Breakdown Combustion-wash systems dominated in 2023 with a 40% share. Wet abatement systems accounted for 25% and are the fastest-growing due to their effectiveness against complex gases. Other technologies include catalytic (20%), dry (10%), and plasma-wet systems (5%). Top Applications Plasma etching led applications with 35% of market share in 2023. CVD and ALD followed with 30% and are expected to be the fastest-growing segments, driven by demand for advanced chip architectures. Ion implantation (20%) and other applications (15%) round out the sector. Market Dynamics Growth Drivers Rapid semiconductor expansion to support 5G, AI, IoT, and automotive electronics. Increased global semiconductor sales, reaching $552 billion in 2021, and projected to grow further. Rising investments in R&D and green manufacturing, backed by policies promoting sustainable tech infrastructure. Integration of advanced scrubber systems to neutralize hazardous emissions efficiently. Market Restraints High upfront costs of abatement technologies can be a barrier for small and mid-sized semiconductor players. Complex integration with existing manufacturing infrastructure can cause operational disruptions. Rapid tech changes require constant system upgrades to meet evolving standards. Opportunities Development of eco-friendly abatement solutions like regenerative thermal oxidizers (RTOs) and catalytic converters. Annual R&D investments in semiconductors expected to hit $25 billion by 2025, presenting growth potential for innovation in abatement technologies. Challenges Keeping pace with fast-evolving semiconductor fabrication processes. Managing price competition without sacrificing quality and compliance. Navigating ever-shifting regulatory landscapes and global environmental standards. Buy Now : Market Segmentation Overview By Technology Type Plasma-Based Systems Thermal Oxidation Systems Wet Scrubbing Systems Electrostatic Precipitators Vacuum Systems By Application Silicon Wafer Processing Photolithography Doping Processes Etching Processes Packaging Applications By End-User Industry Semiconductor Fabrication Electronics Manufacturing Photovoltaic Sector Research Institutions Automotive Electronics By Gas Type Greenhouse Gases Volatile Organic Compounds (VOCs) Aerosols Corrosive Gases Toxic Industrial Chemicals By System Configuration Centralized Systems Decentralized Systems Modular Systems Integrated Systems Standalone Systems By Region North America Europe Asia Pacific Middle East & Africa Latin America Competitive Landscape Leading players in the market are continuously investing in innovation and expanding their global footprint. Key companies profiled include: Air Products and Chemicals, Inc. Linde PLC Praxair Technology, Inc. Entegris, Inc. Semicosm, Inc. Tokyo Electron Limited Applied Materials, Inc. Fujisawa Seisakusho Co., Ltd. Pure Gas, Inc. Lam Research Corporation SMC Corporation ARA Technologies MKS Instruments, Inc. Merck KGaA BASF SE These organizations are recognized for their robust product portfolios, R&D capabilities, strategic partnerships, and regional market leadership. This report is also available in the following languages : Japanese (半導体ガス除去システム市場), Korean (반도체 가스 저감 시스템 시장), Chinese (半导体气体减排系统市场), French (Marché des systèmes de réduction des gaz à semi-conducteurs), German (Markt für Halbleitergasminderungssysteme), and Italian (Mercato dei sistemi di abbattimento dei gas semiconduttori), etc. Get a Sample PDF Brochure: More Research Finding – Semiconductor Exhaust Gas Treatment Scrubbers Market The global semiconductor exhaust gas treatment scrubbers market is valued at approximately USD 2.5 billion in 2024, reflecting significant investments in semiconductor manufacturing technology and environmental compliance. The market is projected to grow to around USD 4.5 billion by 2034, driven by stricter environmental regulations and rising demand for cleaner manufacturing processes. This represents a Compound Annual Growth Rate (CAGR) of approximately 6.0% during the forecast period from 2025 to 2034. Chlorine Scrubbers Market The global chlorine scrubbers market is valued at approximately $2.8 billion, with expectations to reach around $4.6 billion by 2034. This growth trajectory reflects a robust Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period from 2025 to 2034. The market is currently influenced by stringent environmental regulations aimed at reducing chlorine emissions and enhancing industrial safety protocols. Mercury Scrubbers Market The global mercury scrubbers market is estimated to reach a value of approximately $2.7 billion in 2024, driven by stringent environmental regulations and increasing awareness of mercury emissions' health impacts. By 2034, the market is projected to grow significantly, potentially reaching around $5.2 billion, reflecting a robust Compound Annual Growth Rate (CAGR) of 7.1% from 2025 to 2034. Sicherheits Absaugsystem Market The global market for Sicherheits Absaugsystem (safety exhaust systems) is valued at approximately $2.5 billion in 2024, with expectations to reach about $4 billion by 2034, driven by increasing occupational safety regulations and a heightened focus on worker health. This indicates a compound annual growth rate (CAGR) of around 5.1% during the forecast period from 2025 to 2034. Dry Type Dust Control System Market The dry type dust control system market is valued at approximately $2.5 billion in 2024, with a projected growth to around $4.5 billion by 2034, driven by heightened awareness of environmental regulations and the demand for cleaner industrial practices. The market is expected to exhibit a robust Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period from 2025 to 2034. Semiconductor OHT (Overhead Hoist Transport) Market The global semiconductor Overhead Hoist Transport (OHT) market is projected to reach a value of approximately $2.1 billion in 2024. By 2034, the market is expected to expand significantly, with a projected value of around $4.5 billion, reflecting robust growth driven by advancing semiconductor manufacturing technologies and increased automation. This translates to a Compound Annual Growth Rate (CAGR) of about 8.1% during the forecast period from 2025 to 2034. Semiconductor Diaphragm Valve Market The global semiconductor diaphragm valve market is valued at approximately $1.2 billion in 2024, with projections indicating a growth trajectory towards $2.1 billion by 2034. This reflects a robust Compound Annual Growth Rate (CAGR) of about 6.3% over the 2025-2034 forecast period, driven by increasing demand for efficient fluid control in semiconductor manufacturing processes. Semiconductor Metal Heater Market The global semiconductor metal heater market is valued at approximately $3.8 billion in 2024, with expectations to reach around $6.2 billion by 2034. This growth represents a Compound Annual Growth Rate (CAGR) of about 5.3% during the forecast period from 2025 to 2034. Semiconductor Metrology and Inspection Market The global semiconductor metrology and inspection market is poised to reach approximately $4.5 billion in 2024, driven by the heightened demand for advanced semiconductor technologies and miniaturization in electronics. Forecasted growth indicates a market value of around $9 billion by 2034, reflecting robust expansion during the upcoming decade. Semiconductor Pyrometers Market The global semiconductor pyrometers market is estimated to reach a value of approximately USD 430 million in 2024, driven by the increasing adoption of reliable temperature measurement solutions in semiconductor manufacturing and processing. The market is expected to witness significant growth over the forecast period from 2025 to 2034, with an anticipated market value of around USD 620 million by 2034, representing a Compound Annual Growth Rate (CAGR) of about 4.0%. Semiconductor FOUP and FOSB Market The global semiconductor Front Opening Unified Pod (FOUP) and Front Opening Shipping Box (FOSB) market is valued at approximately $1.5 billion in 2024, driven by the increasing demand for advanced semiconductor packaging and automation in semiconductor fabrication. By 2034, the market is projected to reach about $3.5 billion. This growth is underpinned by a compound annual growth rate (CAGR) of 8.5% during the forecast period from 2025 to 2034. Halogen Lamp for Semiconductor Market The global halogen lamp market for semiconductors is projected to reach approximately $1.2 billion in 2024, driven by increasing demand in the electronics sector, especially for lighting solutions in semiconductor manufacturing processes. As industries adopt more advanced technologies, the market is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2025 to 2034, potentially reaching around $2.1 billion by the end of the forecast period. Excimer Lamps Market The global excimer lamps market is valued at approximately $1.2 billion in 2024, projected to reach around $2 billion by 2034, reflecting a robust growth trajectory. This equates to a Compound Annual Growth Rate (CAGR) of approximately 6% during the forecast period from 2025 to 2034. ALD and CVD Precursors for Semiconductor Market The global market for Atomic Layer Deposition (ALD) and Chemical Vapor Deposition (CVD) precursors in the semiconductor industry is projected to reach approximately $3.2 billion in 2024. This market is expected to expand significantly, reaching an estimated $5.6 billion by 2034, driven by increasing demand for advanced semiconductor devices and innovative applications in sectors like artificial intelligence and Internet of Things (IoT). OHT for Semiconductor Manufacturing Lines Market The global Overhead Transport (OHT) market for semiconductor manufacturing lines is valued at approximately $2.3 billion in 2024. It is expected to reach $4.9 billion by 2034, indicating significant growth driven by the increasing demand for advanced semiconductor technologies and miniaturization in electronic devices. The projected Compound Annual Growth Rate (CAGR) for this period is approximately 8.1%. SMT Stencil PrinterMarket The global SMT (Surface Mount Technology) stencil printer market is valued at approximately $1.2 billion in 2024, with expectations to reach $1.8 billion by 2034, reflecting a robust growth trajectory. The Compound Annual Growth Rate (CAGR) for the forecast period (2025–2034) is projected at around 5.5%. CMP Polishing Pad Trimmer Market The global CMP polishing pad trimmer market is valued at approximately $500 million in 2024, with projections indicating growth to around $800 million by 2034. This trajectory reflects a Compound Annual Growth Rate (CAGR) of about 6% during the forecast period from 2025 to 2034. The market is currently characterized by a robust demand driven by advancements in semiconductor manufacturing and the increasing need for precision polishing in the electronics sector. High Purity Tungsten Sputtering Targets Market The market for high purity tungsten sputtering targets is valued at approximately $320 million, driven by the increasing demand for advanced semiconductor applications and photovoltaic technologies. Expected growth during the forecast period from 2025 to 2034 positions the market value at around $520 million, reflecting a robust upward trajectory in high-tech industries. Semiconductor Pedestals Market The global semiconductor pedestal market is estimated to reach a value of approximately $8.5 billion in 2024, driven by increasing demand for advanced semiconductor manufacturing processes and technologies. The market is projected to expand significantly over the forecast period from 2025 to 2034, reaching an estimated value of $15.2 billion by 2034. This growth translates to a robust Compound Annual Growth Rate (CAGR) of about 6.2%. CONTACT: Contact Data Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Los Angeles Times
3 days ago
- Business
- Los Angeles Times
Target learns that bowing to anti-DEI backers can be costly, a lesson for those bowing to Trump
Has any American company run away from a public commitment faster than Target? In an Aug. 19, 2020, conference call, Target Chief Executive Brian Cornell forthrightly put his company in the forefront of the quest for racial and ethnic justice. George Floyd had been murdered by Police Officer Derek Chauvin, abetted by several other officers in Minneapolis, Target's home city, only about three months earlier. Calls for recognition of the racism exposed by the killing were still reverberating nationwide. 'Our team is passionately demanding equity and justice for our Black colleagues and guests,' Cornell said. 'We are united in that passion and committed ... to playing an active role in addressing the persistent racial injustices that have sparked protests around the world.' He said Target would put its influence to work 'to determine actions and resources that will move us towards a more inclusive, equitable and just society.' The company ultimately committed to increase the racial diversity of its workforce and to spend billions of dollars with Black-owned suppliers. How times change. This January, Target backed down. On Jan. 24 — just four days after President Trump launched his second term with a flurry of antidiversity executive orders — Target announced it was 'concluding our three-year diversity, equity and inclusion goals' and its 'Racial Equity Action and Change initiatives.' (REACH was an initiative Cornell had announced in that 2020 call.) The company also said it was withdrawing from 'all external diversity-focused surveys,' including a widely followed Corporate Equality index sponsored by the Human Rights Campaign, which tracks corporate policies on LGBTQ+ rights and inclusion. And it said it was 'evolving' its 'supplier diversity team to 'supplier engagement.' Target may have thought it was tacking toward consumer preferences, or that DEI was a craze that had faded out. But here's the punch line: Target's sales have cratered, at least in part because consumers were angry about its reversals. The company's management has been a little vague about the impact of all this. At a May 21 conference call with Wall Street analysts following its release of earnings for the first quarter ended March 31, Cornell alluded to the backlash without going into detail. He attributed the company's ugly performance — comparable-store sales down by 5.7% from a year earlier — to several factors, including 'the reaction to the updates we shared ... in January.' That was an obvious allusion to the dropping of DEI initiatives. But Cornell said 'we can't reliably estimate the impact of each [factor] separately.' It's true that Target, like other big retailers, has had disappointing sales recently. In the last quarter, most have attributed any sales slump to consumer uncertainty about Trump's confusing tariff pronouncements. But the fact that Cornell felt obligated to mention the consumer reaction to Target's altered diversity policies is notable, and appears to be unique in the retail industry. I asked Target for further comment on the issue but received no reply. But since Target had given its commitment to diversity a central role in its corporate persona, it's proper to take a closer look — not only at the company's experience, but also the course of corporate antidiscrimination policies more generally. It's also worth noting that Target isn't the first institution to discover that abandoning principle isn't a sure path to material success or public esteem. That's been the experience of big law firms and major universities that kowtowed to Trump in his anti-DEI drive this year. Several major firms that were threatened with or hit with White House sanctions made deals with Trump that included confessing to misbehavior that may not even have occurred and committing to hundreds of millions of dollars' worth of pro bono work that may be dictated by Trump — a departure from pro bono tradition, which typically means providing underserved groups or individuals with free legal representation. The firms may have thought that meeting Trump's terms would be the best way to keep clients who might have been rattled by Trump's attacks on their lawyers. As it happens, some clients have fled anyway, possibly concluding that big firms that won't fight Trump might not defend them aggressively against other adversaries. Some also have lost lawyers, dismayed by the pusillanimous behavior of their leaders. It turns out that law firms that have steadfastly rejected Trump's threats have been winning in their lawsuits against the White House's allegedly illegal and unconstitutional threats and sanctions. Federal judges have granted the firms Jenner & Block, WilmerHale and Susman Godfrey temporary restraining orders against Trump's sanctions. Federal Judge Beryl Howell of Washington, D.C., ruled Trump's executive order targeting the firm Perkins Coie unconstitutional and granted the firm summary judgment against the government. Howell went further, taking a swipe at the firms that had capitulated to Trump. 'If the founding history of this country is any guide,' she wrote, 'those who stood up in court to vindicate constitutional rights and, by so doing, served to promote the rule of law, will be the models lauded when this period of American history is written.' Universities such as Columbia are also discovering that the Trump administration has trouble taking 'yes' for an answer. Columbia publicly bent its knee to Trump in March, but that didn't save it from being hit with more sanctions from the White House last week over its supposed violations of civil rights law through purported 'deliberate indifference' toward harassment of Jewish students. That brings us to the capitulation of American corporations to the partisan, ideological assault on diversity, equity and inclusion, and specifically to the fix Target is in. I've written before about how corporate America is a thin reed to lean on as a counterforce to assaults from the political right wing on voting rights, women's access to reproductive healthcare and democracy itself. Many companies that once expressed a commitment to end or at least review their contributions to the 147 Republicans who voted against certifying the 2020 election soon resumed their contributions. Some made similar promises to oppose state laws restricting abortion or voting rights, or talked openly about reducing their activities in states enacting such measures. For the most part, these pledges have been all talk, no action. When Republicans campaigned against 'woke' policies or DEI — an abbreviation that had the virtue for the GOP of being vague enough to serve as an all-purpose slogan for conservatives — Walmart, Ford, Anheuser-Busch and John Deere, among other companies, rolled back their initiatives. One of the exceptions to take a strong stand on behalf of DEI is Costco Wholesale. In a response to a shareholder resolution proposed by the right-wing National Center for Public Policy Research insinuating that Costco's DEI program 'holds litigation, reputational and financial risks to the Company,' Costco management reiterated its commitment to DEI. 'Our efforts at diversity, equity and inclusion remind and reinforce with everyone at our Company the importance of creating opportunities for all. We believe that these efforts enhance our capacity to attract and retain employees who will help our business succeed.' The anti-DEI resolution was rejected by 98% of shareholders voting. Target seemed well placed to be another exception. It's one of America's biggest retailers, with more than $100 billion in annual sales. Early in 2023, Cornell boasted that 'our long-standing commitment to diversity, and equity, and inclusion ... has fueled much of our growth over the last nine years.' In 2022, in fact, Target published a scorecard of its DEI progress—a 33% increase in corporate officers of color, 62% increase in promotions for people of color, spending of $1.78 billion with 'diverse suppliers,' and so on. 'We are never done,' it pledged. About two weeks after Cornell's 2023 boast, the company capitulated to what I labeled a 'braying mob of anti-LGBTQ+ reactionaries' that had targeted Target during Pride Month, a celebration of LGBTQ+ communities every June. Even though the company's stores had featured Pride-related merchandise for years, in 2023 it told personnel in many stores to reduce or even eliminate their Pride-themed displays or move the merchandise to less conspicuous sections of the stores. Some LGBTQ+ designers reported that their products have been taken off the shelves. This year's retreat from DEI policies is merely a continuation of that craven approach. It has supplanted its straightforward commitment to diversity, equity and inclusion, as Cornell expressed it in 2020, with a steamy helping of corporate-speak mush. 'Belonging for all is an essential part of our team and culture, helping fuel consumer relevance and business results,' the company said in a publicly issued 'fact sheet' in January. 'We aim to create joyful experiences through an assortment of products and services that help all guests feel seen and celebrated, increasing relevance with consumers... . We build deep and lasting relationships with the communities we serve, driving impact, economic vitality and connection that fuels loyalty.' The communities most affected by the pullback didn't buy into these vague promises. Black pastors and others launched boycotts of the company; judging from Cornell's pained observation to the Wall Street analysts last week, the boycotts may have had an effect. Whether Target continues to see a slide in sales because of customer discontent isn't clear at this moment, and it's certainly possible that consumer concerns about Trump's tariffs and their consequent upward pressure on prices will wreak the most damage. But this is a lesson on the shallowness of corporate character. Trump, it has become evident, is himself all talk, no action. He doesn't have the legal power to end DEI initiatives at private businesses, and the cadre of followers who respond to his culture warfare may be nowhere as large as they think they are. But that only makes the faintheartedness of corporate America all the more dispiriting.
Fashion United
4 days ago
- Health
- Fashion United
Indian textile industry faces scrutiny over toxic chemical contamination
A recent study by environmental advocacy group Toxics Link, in collaboration with the Environmental Defense Fund, has raised concerns over the presence of hazardous chemicals in India's textile industry. The report highlights the widespread use of nonylphenol and its ethoxylates (NPEs) in textile manufacturing processes, substances known for their endocrine-disrupting properties and environmental persistence. The research involved sampling various textiles, detergents, and environmental media across key industrial regions in India. Findings indicate that nonylphenol contamination is prevalent, not only in textile products but also in wastewater and surrounding ecosystems. This contamination poses risks to aquatic life and potentially to human health through water sources and food chains. Human exposure to NP and NPE occurs through multiple pathways, including ingestion of contaminated food and water, inhalation of polluted air, and contact with household dust. Additional exposure risks arise from NP migration from plastic packaging into food and beverages, as well as the use of textiles, detergents, and personal care products containing NP. - Report "TOXIC THREADS" Assessing Nonylphenol Contamination in Indian Textiles & the Environment. Despite global regulatory measures restricting the use of such chemicals—such as the European Union's REACH regulation and similar policies in other countries—India's regulatory framework remains less stringent. The continued use of NPEs in Indian textiles may have implications for international trade, especially as global markets increasingly demand environmentally compliant products. The report calls for urgent policy interventions, including stricter regulations on hazardous substances in textiles, improved wastewater treatment infrastructure, and increased transparency in chemical usage within the industry. It also emphasizes the need for consumer awareness and corporate responsibility to drive demand for safer, sustainable textile production practices. As the global textile market moves towards sustainability, India's industry faces the challenge of aligning with international environmental standards to maintain its competitiveness and protect public health.
Sydney Morning Herald
6 days ago
- Health
- Sydney Morning Herald
Annah was told to take her daughter home from hospital. She died the next day
NSW deputy coroner Joan Baptie will on Monday resume her inquiry into the care Pippa received in the days and hours leading up to her death – and whether her death was preventable. Sepsis occurs when the body's immune response to an infection causes damage to its own organs and tissues. A locum paediatrician involved in the toddler's treatment at Orange Hospital previously told the coroner Pippa would 'almost certainly' have survived if she had received antibiotics 12 to 18 hours earlier. Parents Annah and Brock, who will both give statements in court on Monday, hope the inquest will build momentum for system-wide reforms after a series of high-profile failures in NSW public hospitals. Annah White said recent tragedies, including the deaths of two-year-old Joe Massa and newborn Harper Atkinson at Sydney's Northern Beaches Hospital, showed families continued to be let down by the state's health system, and she could not grieve her daughter until things changed. 'I would prefer to just be grieving my daughter, but I can't grieve her because I know how bad the health system is,' White said. 'Nothing really has changed, and there's way more that needs to be done.' Loading After Joe Massa's death in September, Health Minister Ryan Park vowed to overhaul REACH (Recognise, Engage, Act, Call, Help is on its way) protocols to make it easier for parents and carers to raise concerns about the condition of their loved ones in hospital. White was aware of the REACH program through previous hospital visits with Pippa's twin brother Leo, and she tried to escalate her concerns with emergency staff. 'Nothing was done about it,' White said. 'No one's taking their child to an emergency department for fun or for a holiday, and I just feel like no one's taking parental concerns seriously.' The inquest runs all week. It will hear from nurses who treated Pippa, spokespeople from NSW Health, and medical experts who conducted a review of her treatment. White said she had read the expert's report, and it validated many of her concerns about Pippa's treatment. 'There were moments for different people to intervene. It wasn't one error, it was a chain of failures,' White said. 'It's weird to say that it was good to read that [report], but I knew she should have survived and that's why I asked for this inquest.' The White family and their supporters plan to attend every day of the inquest, wearing Pippa's favourite colour, yellow.
