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
Binance Announces Adjustment of Tick Size for Spot Trading Pairs
Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.
Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.
Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.
Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.
Source: blockchain.news
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Blockchain
OKX Announces Support for New USDC Spot Trading Pairs
According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.
In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.
OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.
For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.
Source: blockchain.news
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Blockchain
ShibaSwap rolls out major upgrade, moves to Shibarium
ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.
The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.
Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.
A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.
The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.
The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.
Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.
As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.
Source: cointelegraph.com
The post ShibaSwap rolls out major upgrade, moves to Shibarium appeared first on HIPTHER Alerts.
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