Blockchain Press Releases
The Global Silicon Metal Market Set to Grow by 5.4% by 2028: Government Regulations and Initiatives Shaping the Future: Ken Research
Fueling Growth through Government Initiatives: Subsidizing Semiconductors Industry – A Key End-User of Silicon Metal. Market Trends in New Energy Technologies and Growing Partnerships Propelling the Global Silicon Metal Market.
GURUGRAM, India, Aug. 16, 2023 /PRNewswire/ —
Story Outline
- USA: A Boost for Semiconductor Production and Research
- China: Subsidies for Semiconductor Companies
- Asia-Pacific: Government Support for Semiconductor Manufacturing
- Transitioning to Greener Alternatives and Technological Advancements and more
The current state of the global silicon metal market, focusing on how government regulations and initiatives are shaping its growth. It explores the USA’s significant investment in the semiconductor industry and China’s ambitious plans for subsidizing domestic semiconductor equipment. Additionally, it sheds light on Asia-Pacific countries supporting semiconductor companies with substantial financial aid. Also check key trends and recent developments in the silicon metal market, providing valuable insights into industry advancements.
1. Government Regulations and Initiatives Shaping the Global Silicon Metal Market: A Comprehensive Analysis.
USA – US signed a landmark bill to provide $52.7 Bn in grants for US semiconductor production and research as well as tax credit for chip plants estimated to be worth $24 Bn.
China – The Chinese government is projected to allocate up to $200 Bn towards subsidizing semiconductor companies by 2025, primarily focusing on providing financial aid for the procurement of domestic semiconductor equipment by Chinese firms.
Asia-Pacific – A semiconductor company opens a factory in Taiwan, government covers almost half of the land and construction costs & 25% of equipment costs.
In Singapore, government subsidies cut cost of owning computer-chip factory by more than a quarter.
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2. Exploring the Global Silicon Metal Market: Key Trends & Recent Developments.
South America – The demand for silicon metal is expected to continue the upward trend due to the new energy technologies underpinned by the growth of the polysilicon sector and its use in solar energy in countries like Brazil.
Asia Pacific – The production of aluminum-silicon alloys is expected to rise during the forecast period due to increased Asian automobile consumption. China is one of the world’s largest silicon metal producers, & thus expected to dominate APAC region.
North America – According to IEA (International Energy Agency), in the United States, the federal aim is for electric vehicles (EVs) to make up 50% of new passenger cars & light trucks sold by 2030. Thereby, increasing the demand for silicon metal.
3. Insights from Analyst Recommendations: Global Silicon Metal Market Analysis and Projections.
Analyst Recommendations
- Reducing the cost of production of Silicon metal.
- Opportunities in growing Electric Vehicle Market.
- Growing Partnerships.
- Strategies followed by leading players.
In a notable stride towards embracing a more environmentally conscious and economically efficient trajectory, industries are actively shifting towards greener alternatives. A significant leap in this direction comes from the collaboration between Trinso and Ferroglobe, who have collectively pioneered the development of an advanced silicon anode material that holds the potential to revolutionize battery charging technologies. This innovation isn’t merely limited to groundbreaking materials; it signifies a pivotal step in reshaping the energy landscape.
A prime example of this evolution can be seen through the endeavors of renowned silicon metal producers like FerroGlobe and REC Silicon. Recognizing the imperative of sustainability and innovation, these industry giants have embarked on strategic partnerships aimed at not only broadening their product offerings but also amplifying their bottom-line profitability. This strategic alignment underscores their commitment to aligning business goals with environmental responsibility, serving as a beacon of inspiration for others in the sector.
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Central to these advancements is a dedicated focus on perpetual product development, fortified by substantial investments in research and development. This approach isn’t merely reactive; it’s proactively designed to shape the industry’s future. The committed injection of resources into research and development forms the bedrock of this transformative journey, enabling these companies to remain at the forefront of innovation. Furthermore, their adaptable capabilities play a pivotal role. The capacity to swiftly respond to market dynamics and pivot strategies in alignment with emerging trends ensures that their efforts remain not only relevant but also impactful in a swiftly evolving landscape.
As industries embrace the dual mantle of environmental stewardship and business prosperity, it’s clear that the paradigm shift isn’t just about singular innovations; it’s about orchestrating a holistic transition towards a more sustainable and competitive future. The emphasis on collaborative ingenuity, sustained research efforts, and the ability to flexibly navigate change serves as a testament to the metamorphic potential within industries, signaling a promising path ahead.
The global silicon metal market is experiencing significant changes driven by government regulations and initiatives worldwide. The USA and China’s massive financial backing for the semiconductor industry is expected to boost production and research capabilities. Meanwhile, Asia-Pacific countries’ support for semiconductor companies contributes to industry expansion. Additionally, exploring key trends and recent developments reveals exciting advancements and opportunities in the silicon metal market. Analyst recommendations emphasize the importance of sustainability, innovation, and strategic partnerships to thrive in this dynamic industry.
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Market Taxonomy
Global Silicon Metal Market Segmentation
By Product Type
- Metallurgy Grade
- Chemical Grade
By Application
- Aluminum Alloys
- Silicones
- Solar Panels
- Semiconductors
- Others
By Geography
- Asia-Pacific
- Europe
- North America
- Middle East & Africa
- South America
Asia Pacific Silicon Metal Market Segmentation
By Region
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
By Product Type
- Metallurgy Grade
- Chemical Grade
By Application
- Aluminum Alloys
- Silicones
- Solar Panels
- Semiconductors
- Others
Europe Silicon Metal Market Segmentation
By Region
- Germany
- UK
- France
- Italy
- Rest of Europe
By Product Type
- Metallurgy Grade
- Chemical Grade
By Application
- Aluminum Alloys
- Silicones
- Solar Panels
- Semiconductors
- Others
North America Silicon Metal Market Segmentation
By Region
- US
- Canada
- Mexico
By Product Type
- Metallurgy Grade
- Chemical Grade
By Application
- Aluminum Alloys
- Silicones
- Solar Panels
- Semiconductors
- Others
Middle East & Africa Silicon Metal Market Segmentation
By Region
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
By Product Type
- Metallurgy Grade
- Chemical Grade
By Application
- Aluminum Alloys
- Silicones
- Solar Panels
- Semiconductors
- Others
South America Silicon Metal Market Segmentation
By Region
- Brazil
- Argentina
- Rest of South America
By Product Type
- Metallurgy Grade
- Chemical Grade
By Application
- Aluminum Alloys
- Silicones
- Solar Panels
- Semiconductors
- Others
For more insights on market intelligence, refer to the link below: –
Related Reports By Ken Research:-
According to Ken Research Analysis, the Global Oleochemicals Market is expected to record a positive CAGR of ~9% during the forecast period (2022-2028) and is expected to reach approximately US$ 50 billion by 2028. The opportunity to replace conventional petroleum-based products in various sectors along with the easy availability of raw materials required for the production of oleochemicals is positively impacting the market. Petroleum is a fossil fuel that when used poses a risk to the environment. Governments are enforcing stricter regulations for the sparing use of petroleum which can be replaced by oleochemicals.
Over the next five years, the Biocomposites market in North America is forecasted to grow at least 12% CAGR, owing to the stable long-term usage among end-user industries and government efforts for use of more eco-friendly products, especially in developed countries such as the USA. Consumer products such as music instruments, casings and cases, furniture, tables, toys, combs, and trays are made from wood and natural fiber plastic granulates. Customer preferences for these products due to their distinct appearance and feel, great quality, and value will help the Biocomposites market to grow.
India adhesives market showcased a stagnant growth rate in the last few years and recorded a CAGR of 7.5% during FY’15-FY’20. Surging demand for water based adhesives in India is contributing to the growth of the adhesives industry in India. Government initiatives such as Make in India and Smart Cities projects are contributing to adhesive market growth. There is significant demand from the Western Region of India. Fluctuating raw material prices (VAM), which move in tandem with crude oil prices, high setup costs and high R&D expenditure required in the adhesives market is posing as a challenge to the adhesives industry in India.
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Blockchain Press Releases
Bitget Wallet Lists Ecosystem Token BWB on Native Launchpad, Seeks to Capitalize on Market Momentum
VICTORIA, Seychelles, May 20, 2024 /PRNewswire/ — Bitget Wallet, one of the largest multi-chain wallets, has announced that its official ecosystem token will be listed on its native launchpad from May 23, 18:00 (UTC+8). This move marks a significant milestone in Bitget Wallet’s commitment to revolutionizing the digital asset landscape and providing users with unparalleled opportunities for growth and engagement.
Users who have accumulated at least $200 worth of transactions in the month of May on Bitget Swap, the wallet’s native trading platform, will be eligible for the public round of the launchpad.
“For a project to launch its own token, careful and robust consideration of various factors have to be made,” Alvin Kan, COO of Bitget Wallet comments. “A clear understanding of a project’s unique value proposition on the market, together with a strong community to back it, are paramount requirements that need to be met before a token launch. We are satisfied that these conditions have been adequately met at this point in time, which have led us to this strategic move.”
BWB Tokenomics
Following the recent conclusion of the BWB Points campaign, the BWB token, set to launch on Solana, Ethereum, and Base chains, will be capped at a total supply of 1 billion. 47% of this total supply will be allocated to the community treasury and 10% will go to investors, while 5% will be reserved for the pre-TGE (token generation event) airdrop.
Aside from community governance rights, BWB can also be used to cover gas fees on multiple chains, staking, and will qualify holders for future airdrops from Bitget Wallet. The token will soon make its way to the wallet’s native launchpad.
Bitget Wallet Launchpad: Democratizing DeFi
Distinguishing Bitget Wallet from other wallets by providing new and innovative ways to improve the overall user experience has been a central focus of Bitget Wallet’s development roadmap this year. By introducing a native launchpad, the wallet aims to provide an avenue for users to better discover new and upcoming projects that have been carefully vetted by the Bitget Wallet team. In doing so, not only will users be able to better capitalize on various “low risk, high return” opportunities in the DeFi space, it also empowers retail investors to follow smart money and trends in the industry.
“The democratization of investment opportunities is an important goal that we are working towards, as this allows users to participate in high-quality projects and strengthens the participation and reward mechanism of the entire ecosystem,” Alvin says.
Being one of the first wallets on Web3 to integrate a native launchpad also means that users will be able to participate in leading projects right from the convenience of their Bitget Wallet mobile application. The launch of the platform’s ecosystem token on its very own native launchpad marks a pivotal milestone in Bitget Wallet’s aims to expand its global influence and deepen customer engagement.
About Bitget Wallet
Bitget Wallet is Asia’s largest and a leading global Web3 wallet with over 20 million users worldwide. It offers a comprehensive range of features, including asset management, intelligent market data, swap trading, launchpad, inscribing, NFT, DApp, and token earning center. Currently, it supports more than 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. Bitget Wallet enhances liquidity by aggregating it across hundreds of top DEXs and cross-chain bridges, facilitating seamless trading on nearly 50 blockchains.
For more information, visit: Website | Twitter | Telegram | Discord
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Blockchain Press Releases
KuCoin Ventures Announces Strategic Investments in ELFi Protocol to Enhance Derivatives Trading Experience
VICTORIA, Seychelles, May 20, 2024 /PRNewswire/ — KuCoin Ventures, the investment arm of the global cryptocurrency exchange KuCoin, has announced a strategic investment in ELFi, a cutting-edge decentralized derivatives trading platform. This collaboration marks a significant milestone in the evolution of the cryptocurrency derivatives market, emphasizing the strategic partnership between the two entities.
ELFi has been at the forefront of innovation in the decentralized finance (DeFi) space, offering a suite of advanced trading functionalities that cater to both retail and institutional investors. As a pioneer in supporting Portfolio Margin within the P2Pool model, ELFi has demonstrated its commitment to providing sophisticated risk management systems for listing contracts across various risk levels.
The strategic partnership between KuCoin Ventures and ELFi is expected to unlock new opportunities for both parties. Leveraging the industry insights of KuCoin Ventures, ELFi is set to achieve substantial growth. Conversely, ELFi’s innovative trading solutions will diversify services offered by KuCoin Ventures. Some of the key highlights of the partnership include: enhanced liquidity for ELFi, advancements in risk management for all participants and innovation in pool designs.
“KuCoin Ventures is excited to partner with ELFi, a platform that shares our vision for a more open and accessible financial future. This investment is not just financial; it’s a strategic move to integrate ELFi’s innovative trading solutions into our ecosystem, providing our users with a superior trading experience.” Said Johnny Lyu, CEO of KuCoin Exchange.
KuCoin Ventures has been actively seeking out and investing in promising blockchain and cryptocurrency projects that align with its vision of a decentralized and inclusive financial ecosystem. The investment in ELFi is a testament to KuCoin’s commitment to supporting projects that bring transformative solutions to the market.
ABOUT KUCOIN VENTURES
KuCoin Ventures aims to invest in the most disruptive crypto and blockchain projects of the Web 3.0 era. As a community-friendly and research-driven investor, KuCoin Ventures works closely with portfolio projects throughout the entire life cycle, with a focus on DeFi, GameFi, and other Web3.0 infrastructures.
ABOUT ELFi Protocol
ELFi is a decentralized derivatives trading platform that focuses on delivering top-notch trading functionalities. It’s the pioneer in supporting Portfolio Margin within the P2Pool model, and boasts a sophisticated risk management system for listing contracts of various risk levels. Additionally, ELFi introduces innovative liquidity pool designs, offering industry-first zero-risk stablecoin liquidity pools and LSD re-collateralized liquidity pools. It strives to better meet market and user demands through features like risk isolation, asset pricing, and LST asset support.
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Blockchain
Merging Traditions with Fintech and Blockchain Innovations
Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations at MARE BALTICUM Gaming & TECH Summit
The financial industry is undergoing a seismic shift as fintech and blockchain technologies pave the way for unprecedented innovation and transformation. At the upcoming MARE BALTICUM Gaming & TECH Summit, a high-profile panel titled “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” will delve deep into this exciting evolution. This session will explore how established financial institutions are integrating these advanced technologies to revolutionize services, enhance security, and increase efficiency.
Moderator: Anna Agu
Leading the panel is Anna Agu, CEO and Managing Partner at Lex Law Office OU and Director at Lex Law Office LT UAB. With her extensive legal expertise in the fintech sector, Agu is perfectly positioned to guide the discussion, ensuring a thorough exploration of the delicate balance between maintaining traditional financial principles and embracing innovative technologies.
Panelists:
- Merit Leib – Compliance Consultant at LEIB Regulatory & Compliance Risk Consulting
- Astra Tikas – Founding Board Member of INO (Internet Native Organization)
- Dr. Dean Rakic – Chief Scientist at Blockcontrol
- Saulius Racevicius – Senior Associate of PSP Lab LLP and Board Member of the Fintech Hub LT
- Evaldas Krampas – CEO at SpectroCoin and Head of Crypto Hub Lithuania
Why Attend?
The “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” panel at the MARE BALTICUM Gaming & TECH Summit is a must-attend for professionals across the financial sector. Here’s why:
- Gain Comprehensive Insights: Learn from top experts about the latest trends, challenges, and opportunities in fintech and blockchain.
- Regulatory Perspectives: Understand the importance of compliance and how to navigate regulatory challenges effectively.
- Technical Knowledge: Dive deep into the technical aspects of blockchain integration and learn about cutting-edge developments.
- Practical Implementation: Gain practical insights into how traditional financial institutions are successfully integrating new technologies.
- Networking Opportunities: Connect with industry leaders and peers who are driving innovation in finance.
Join Us
This panel provides a unique opportunity to stay ahead of the curve in the rapidly evolving financial landscape. Join us at the MARE BALTICUM Gaming & TECH Summit to explore how fintech and blockchain technologies are reshaping finance and what it means for the future. Engage with industry leaders, gain actionable insights, and network with peers at the forefront of financial innovation.
Secure your spot today and be part of this transformational journey. Don’t miss the chance to be involved in discussions that will shape the future of finance. See you at the MARE BALTICUM Gaming & TECH Summit!
The post Merging Traditions with Fintech and Blockchain Innovations appeared first on HIPTHER Alerts.
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