Blockchain Press Releases
Advanced Ceramics Market worth $15.1 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 10, 2023 /PRNewswire/ — The report “Advanced Ceramics Market by Material (Alumina, Zirconia, Titanate, Silicon Carbide), Application, End-Use Industry (Electrical & Electronics, Transportation, Medical, Defense & Security, Environmental, Chemical) and Region – Global Forecast to 2028″, size is projected to reach USD 15.1 billion by 2028 from USD 11.2 billion in 2023, at a CAGR of 6.1% during the forecast period.
Advanced ceramics are high strength, corrosion-resistant, lightweight, and non-metallic ceramic materials, which are well-known for their high chemical purity. They play a critical role in electronics, telecommunication, manufacturing, transportation, medical, defense, and space exploration industries. The market for advanced ceramics has exhibited high growth in these end-use industries owing to the expanding demand in applications such as 5G connectivity, AI, IoT, and 3D printing technology. This rise in demand is backed by the superior properties of ceramics to withstand corrosive, high-temperature, and hazardous chemical environments.
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Silicon carbide ceramics is second fastest growing segment based on material type, in terms of value, during the forecast period.”
Silicon carbide ceramics have numerous application areas, and they are ideal for use in various sectors such as nuclear energy, space technology, automobile, marine engineering, and electrical & electronics. They are toxicologically safe and can be used in the food & beverage industry as well. They are considered the most promising material for manufacturing rocket nozzles, gas turbines, and engine components in the aerospace and automotive sectors. They are also used in the manufacturing of cutting tools, bearings, seals and pump parts, corrosion-resistant containers, and other parts & components required in power, OEM, oil & gas, and chemical industries.
Ceramic coatings segment is estimated to be the second largest advanced ceramics consuming application, in terms of value, during the forecast period.
Ceramic coatings possess a significantly higher level of abrasion resistance than most metals and can maintain their integrity under elevated temperatures. The type of ceramic coating, its thickness, and means of deposition depend on the final use of the components to be coated and their functional environment. Ceramic coatings are suitable for high-wear, high-temperature, and corrosion-resistant applications. Ceramic coatings are widely consumed by the aerospace, automobile, medical, and electronics industries. Growing plasma-sprayed coatings in semiconductor and LCD equipment are driving their market.
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Electrical & electronics is expected to be the largest end use industry, in terms of value, during the forecast period.
Ceramic components possess good insulation, piezoelectric & dielectric properties, and superconductivity, which make them highly preferred in the electronics industry. They are used in a wide range of applications, including substrates for hard disk drives, accelerator tubes for electronic microscopes, kitchen utilities, and cellular phones. The growth of the electronics industry in major markets such as China, India, and the Middle East led to a rise in the consumption of advanced ceramics in electrical & electronic equipment.
Europe likely to emerge as the third largest advanced ceramics market, in terms of value, during the forecast period.
Europe was the third-largest market for advanced ceramics. The strong industrial base in developed economies, such as the UK, Italy, France, and Germany, drives the advanced ceramics market in Europe. Germany, France, the UK, and Italy are the leading markets for advanced ceramics in Europe. The European market is at a mature stage, which is primarily because of the gradual shift of the manufacturing industry to countries with high demand and lower production cost. However, growing investments in AI, IoT, and 3D printing technologies are resulting in demand for advanced ceramics. The increasing demand for advanced ceramics from the transportation and medical industries is also among the major drivers of the market in Europe.
Kyocera Corporation (Japan), Saint-Gobain Ceramic Materials (US), Ceram Tec (US), CoorsTek (US), Morgan Advanced Materials (UK), and 3M (US) are some of the key players in the advanced ceramics market. These players have established a strong foothold in the market by adopting strategies, such as new product launches, expansions, joint ventures, and mergers & acquisitions.
Browse Adjacent Market: Ceramics and Glass Market Research & Consulting
Related Reports:
Automotive Ceramics Market – Global Forecast to 2022
Ceramic Coatings Market – Global Forecast to 2020
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
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Blockchain Press Releases
Surprises Guaranteed: Bybit Card Dishes Out Rewards in Holiday Giveaway
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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