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
KuCoin Shines at The Gateway Event, Advocating for Blockchain Innovation Through TON
DUBAI, UAE, Nov. 2, 2024 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency exchange arena, is thrilled to announce its active participation at this year’s premier TON community event, The Gateway. The annual conference, renowned for uniting key players in the TON ecosystem, aligns perfectly with KuCoin’s mission to democratize cryptocurrency and expand its reach across the globe.
Representing KuCoin at the event was Alicia, who took part in the insightful panel discussion on “Perspective Sectors on TON for VCs and Exchanges.” Her presence underscored the vibrant potential of the venture capital market within emerging blockchain technologies, particularly the TON ecosystem. Alicia’s discussion highlighted how TON’s seamless integration with Telegram presents unique opportunities for innovation and user engagement, resonating with KuCoin’s strategic initiatives to bridge social connectivity with financial transactions.
“TON’s integration with Telegram not only simplifies the user experience but also amplifies it, making it a gateway for millions to engage with Web3 technologies,” Alicia stated. She emphasized KuCoin’s commitment to leveraging this synergy to enhance secure, user-friendly trading experiences, thus furthering its mission of putting crypto in every pocket.
KuCoin’s participation in The Gateway event reinforces its dedication to fostering a secure, robust, and accessible trading environment, paving the way for a new era of crypto and blockchain integration.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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Blockchain Press Releases
UBS Asset Management launches its first tokenised Money Market Fund, available through DigiFT
SINGAPORE, Nov. 2, 2024 /PRNewswire/ — UBS Asset Management, launches its first tokenized investment fund “uMINT”, made available through authorized distribution partner, DigiFT.
With DigiFT, investors can subscribe to uMINT using their preferred custody wallet solution, gaining access to real-time redemption capabilities via DigiFT’s platform. uMINT, a Money Market investment underpinned by high quality money market instruments based on a conservative, risk-managed framework, is built on Ethereum distributed ledger technology and issued under UBS Tokenize, UBS’s in-house tokenization service, a full service offering for digital asset services, that seeks to open the door to the world of decentralized finance to a broader range of market participants.
“We’re honoured to be an authorized distribution partner for UBS Asset Management in launching their first tokenized money market fund. This is a significant milestone in the world of Web3, and a testament of our ability to transform capital markets. Not only does this partnership bridge traditional finance with digital and decentralized technologies, it also demonstrates our ability to deliver next-generation investment solutions on an open network – for a new generation of global investors,” said Henry Zhang, Founder & Chief Executive Officer of DigiFT.
As part of the partnership, DigiFT will provide infrastructure for managing and monitoring on-chain distribution activities and transactions for the new tokenized money market fund. Enabled by blockchain technology, DigiFT’s best-in-class, open infrastructure ensures all transactions are stored and recorded on an immutable ledger, providing real-time operational and audit visibility. Beyond streamlining administrative processes, DigiFT is able to leverage smart contracts and facilitate automated compliance and operational efficiencies, further allowing investors to invest and explore new financial Web3 use cases.
DigiFT is the first exchange deploying smart contract methods and processes, with an automatic market-making mechanism, to be recognized as a Recognised Market Operator (RMO) and awarded the Capital Markets Services (CMS) license by the Monetary Authority of Singapore.
Disclaimer: This article is not an advertisement making an offer or calling attention to an offer or intended offer
About DigiFT
DigiFT is the first exchange for on-chain real-world assets to be licensed by the Monetary Authority of Singapore. Find out more www.digift.sg
For media enquiries, please contact [email protected]
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Blockchain Press Releases
Bybit Protects First-Time Copy Traders Against Potential Fiat Losses in Limited-Time Offer
DUBAI, UAE, Nov. 1, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has introduced new fiat protection for trading novices to counter potential market risks. First-time depositors may enroll to protect their investment in Bybit’s Fiat Loss Coverage Frenzy campaign this season.
From now to Dec. 1, 2024, Bybit is offering up to 100 USDT in Fiat Loss Coverage Vouchers (“the Voucher”) for as little as 100 USDT in first-time trading. Users making a first-time deposit and lured by the power of Copy Trading may sign up for the exclusive event for a confidence boost as well as potential capital protection.
The generous offer is available for eligible users only and the number of Vouchers is limited. Users may follow three simple steps to seize an opportunity to minimize their risk of asset devaluation:
- Deposit: Users making a first-time deposit of at least 100 USDT in any currency via Bybit P2P, Fiat Deposit or One-Click Buy
- Claim the Voucher: Access the “Claim” button at the Bybit Copy Trading page for up to 100 USDT in Fiat loss coverage
- Explore Copy Trading: Choose the first Master Trader wisely and execute the first copy trade in the amount of at least 100 USDT in either Smart Copy Mode or Advanced Copy Mode. Should the trade result in a loss, holders of the Voucher will be reimbursed up to the Voucher value.
Fiat and crypto solutions on Bybit come with copious benefits and rewards, including innovative mechanisms to enhance Bybit’s protection of users’ interests. The exchange is also trusted for its deep liquidity and tried-and-tested reliability, 24/7 customer support, and diversity of products and solutions.
“Investing comes with risks, and for retail investors starting to diversify into crypto, we’ve got their back. This campaign is a gesture of support and an invitation into the world of digital assets for new users, and Bybit serves to take away some of the stress for a better trading experience,” said Joan Han, Sales and Marketing Director at Bybit. “I hope it offers extra protection for new traders as they embark on their journey,” she added.
Visit Bybit Fiat and explore Bybit Copy Trade for more information, terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
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