The technical ceramics market is expected to grow at a CAGR of over 7% during the forecast period. The market is driven by factors, such as increasing demand from the medical industry. The growth in end-user applications in the electronics and automotive industries is expected to drive the demand for the market during the forecast period.New York, Sept. 08, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Technical Ceramics Market – Growth, Trends, and Forecast (2020 – 2025)” – https://www.reportlinker.com/p05962007/?utm_source=GNW – High capital cost is likely to hinder the market growth. – Increased demand for industrial applications (metallurgy and industrial machinery) is projected to act as an opportunity for the market in the future. Key Market Trends Non-oxide Ceramics to Drive the Market Growth – Ceramic materials compounds of silicon and aluminum with nitrogen or carbon belong to the group of non-oxide technical ceramics. In general, non-oxide ceramics demonstrate a high share of covalence bonding, which provides them with very good mechanical properties, even when being used at high temperatures. – Non-oxide ceramics are basically categorized into Carbide and Nitride groups. – Silicon Nitride (Si3N4) is a material that offers a hitherto unattainable combination of outstanding properties including extremely high strength, very high toughness, and excellent wear resistance, very low thermal expansion, high thermal conductivity, outstanding thermal shock resistance, and very good chemical resistance. – The sintering process of silicon nitride has to take place by a very high mechanical pressure in a controlled atmosphere. Depending on the process the result can be a sintered silicon nitride (SSN), gas pressure sintered silicon nitride (GPSSN) or hot-pressed silicon nitride (HPSN). – SILICON ALUMINIUM OXYNITRIDE (SIALON) is mainly based on compounds or solid solutions of a four-component system silicon – aluminum – oxygen – nitrogen. On account of its fracture toughness, it is often used for cutting tools. Due to the low wettability through nonferrous metals, SIALON is a standard material for thermocouple protection tubes. – Aluminium Nitride (ALN) is an irresistible material due to its extraordinary high thermal conductivity: up to 180 Wm-1 K-1. Moreover, the combination of properties like best thermal conductivity, high electrical insulation, thermal expansion similar to Si (‹Al2O3), inert behavior towards melting of the iii-v-compounds, and high rigidity. – ALN is especially suitable as a substrate for semi-conducting components and power electronic modules. – All the mentioned properties of nonoxide ceramics are increasing their application in different end-user industries China to Dominate the Asia-Pacific Market – In Asia-Pacific, China is the largest economy, in terms of GDP. The country witnessed about 6.1% GDP growth rate in 2019, even after the trade disturbance caused due to its trade war with the United States. – Although China was the first country affected by COVID-19 and its related lockdown, it was the first country to come out of lockdown as well. However, the country has been witnessing recurring cases of COVID-19, leading to further lockdowns. Additionally, manufacturing is heavily impacted, and it is expected to continue with slow growth in 2020. Moreover, a significant share of the Chinese economy is linked to foreign exports, where demand is still low due to lockdowns being practiced in various countries because of the COVID-19 outbreak. This has negatively affected the Chinese industry, in 2020. – China has the world’s largest electronics production base. Electronic products, such as smartphones, TVs, wires, cables, portable computing devices, gaming systems, and other personal electronic devices, recorded the highest growth in the electronics segment. The country serves not only domestic demand for electronics, but also exports electronic output to other countries. In China, with the increase in the disposable income of the middle-class population and the rising demand for electronic products countries importing electronic products from China, the production of electronics is projected to grow. With the growing electronics and construction industry, the demand for technical ceramics is expected to increase. However, the COVID-19 outbreak is expected to hamper the growth of the electronics market in the country, during 2020-2021. – The Chinese automotive manufacturing industry is the largest in the world. The industry witnessed a slowdown in 2018, wherein the production and sales declined. A similar trend continued with the production, witnessing a 7.5% decline in 2019. According to the China Association of Automobile Manufacturers (CAAM), the automotive production is expected to decline by about 2% in 2020. The performance of the automotive industry was affected by the economic shifts and the US-China trade war. – In Q1 2020, the manufacturing facilities have shut down and halted production in the country, due to the COVID-19 pandemic. Thus, this is expected to hamper the automobile production in the country, in 2020. However, in Q2 2020, the manufacturing plants have resumed operations. The manufacturing activities are picking up pace, thus, driving the demand for technical ceramics. – China’s power generation rose by over 7% Y-o-Y in 2019, holding a share of almost 26%, globally. Chinese solar panel manufacturers are formulating output-boosting innovations to ensure continued survival in the market. For instance, JinkoSolar Holding is currently developing solar modules with a back sheet that can generate power from light by reflected off the ground. – Additionally, China is focusing on developing solar projects and investing around USD 367 billion in renewable power generation until 2020. Such investments in the country are likely to increase the demand for technical ceramics in the power sector, over the forecast period. – Moreover, China’s appetite for aviation is likely to grow exponentially. High demand for aviation has led to the government’s decision to introduce airport building programs, which include huge investment in terminals and runways. The aircraft parts and the assembly manufacturing sector in the country are growing at a rapid pace, with the presence of over 200 small aircraft part manufacturers. Major manufacturers are concentrated in Nanchang, Shanghai, Chengdu, Xi’an, Harbin, Shijiazhuang, and Shenyang. – As of now, China holds around 235 airports, which the government plans to increase airports to 260 by 2021. Furthermore, some of the airport construction projects, which are either in development or planning stage include Beijing Capital International Airport, Chengdu Shuangliu International Airport, Chongqing Jiangbei International Airport, Guangzhou Baiyun International Airport, etc. Besides, the government’s long-term target remains around 450 airports for the country by 2035. Thus, with an increase in the number of airports, China’s aircraft requirement has also increased. – Besides, the country’s total civil aircraft fleet has been increasing steadily for the past five years. Moreover, the Chinese airline companies are planning to purchase about 7,690 new aircraft, in the next 20 years, which are valued at approximately USD 1.2 trillion. – Furthermore, under the plan, Made in China 2025, it is expected that China may supply over 10% home-made commercial aircraft to the domestic market, by 2025. However, this growth may be affected by the COVID-19 outbreak, thereby, experiencing a slow growth. – However, currently, the economic activities and industrial manufacturing activities have been affected significantly in the country, due to the COVID-19 outbreak. Moreover, as of March 2020, China has lifted the lockdown and started various industrial operations, while other countries are still aggressively engaged in lockdowns and treatments. Hence, from the factors mentioned above, the demand for technical ceramics in China is likely to remain affected in the short run. However, the industrial demand is expected to normalize, from 2021. Competitive Landscape The market is partially fragmented, with major 4 companies holding individual shares between 4-8% in the market (in terms of revenues generated). Key players in the technical ceramics market include 3M, Morgan Advanced Materials, CoorsTek Inc., KYOCERA Corporation, and NGK SPARK PLUG CO.,LTD., among others. Reasons to Purchase this report: – The market estimate (ME) sheet in Excel format – 3 months of analyst support Read the full report: https://www.reportlinker.com/p05962007/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place. __________________________ CONTACT: Clare: firstname.lastname@example.org US: (339)-368-6001 Intl: +1 339-368-6001
Desperation sets in as CERB is set to end; these three Canadians are among the millions living on the bubble – Toronto Star
Canadians who’ve been relying on the Canada Emergency Response Benefit (CERB) to make ends meet during COVID-19 say there’s a sense of desperation and panic as the program nears its end later this month.
Stephanie Cohen was receiving EI payments before the pandemic as a result of losing her job as a copywriter at a digital marketing agency in Montreal. She transitioned to CERB in May and the $2,000 has kept her going since then.
The money has helped her pay basic bills and assisted her mother in buying groceries and other home necessities. Even though it’s less than what she was making at her work, it provided a much-needed financial boost and a little bit of “peace of mind” during a difficult period. Having zero income “would have been devastating,” she said.
As others do, she knows very little about the new benefits that will be offered to jobless Canadians starting Sept. 27.
“It is a pretty big concern, considering I’m in the category of people who exhausted their previous EI benefits,” Cohen said.
She’s especially worried new recovery programs, which are just proposals at this point and won’t be solidified until after the government’s Speech from the Throne on Sept. 23, will ignore people such as she, who were job-hunting prior to COVID-19. The pandemic, she said, put her hunt on hold and the economic hit to business across a variety of sectors makes it hard to know when people will start hiring again.
“I haven’t been able to receive a clear answer as to how I move forward,” she said about the lack of information on the upcoming benefit programs. “If I am not eligible to re-apply for EI, I’ll have zero income coming in, which would be a hard blow for me financially.”
A recent analysis from the Canadian Centre for Policy Alternatives warned millions of Canadians who depended on CERB will be hard hit by the upcoming change.
CERB had been instrumental in helping Jordan Troy, a Guelph resident who had just completed college and was looking for a job as an elevator mechanic when the pandemic hit. The 23-year-old said he recently started working a few hours a week at local restaurants when they reopened, but still makes less than $1,000 per month.
“I’m worried, of course. I don’t know if I will qualify for EI or any of the new programs, and there is no information right now,” he said. “At least with CERB, you knew you weren’t going to go hungry or miss a rent payment. Now everything is up in the air.”
Nick Cunningham had been working in the live music industry at a Toronto talent agency, helping with the booking of venues and organizing tours for Canadian artists. For the first few months of the pandemic, his agency managed to keep a small group of employees at work as they helped artists run virtual concerts and drive-in shows. But he was laid off last month.
“Everything was so sudden. I was working one day and the next day I wasn’t,” said Cunningham. “These past six months have been incredibly stressful, with so much uncertainty and repeated work, it felt like groundhog day every day, until I lost my job.”
So far, Cunningham has collected the CERB just twice. While he said he’s grateful for the support, he is “scared” that the switch to EI and other programs could leave him short of what he needs to get by.
“It’s already hard to survive in Toronto on $2,000, and I feel like it’s about to get even harder with these new changes,” said Cunningham, who says special support for people in the live music industry is needed.
“Our government is not doing anything to address this industry’s shutdown, and I am getting anxious. I have spent my entire life getting to where I am now, and unfortunately things feel bleak with the soon-to-be removal of CERB.”
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Nuvei’s Red-Hot IPO Marks Canada’s Largest Tech Offering – Bloomberg
Payments company Nuvei Corp. jumped 31% in its trading debut on Thursday, riding the wave of demand for technology shares that has swept the globe in recent months.
Montreal-based Nuvei, which supplies payment technology to the retail, travel, gaming and other sectors, is among a cluster of firms benefiting from the shift to e-commerce during pandemic lockdowns. The deal raised $700 million, making it the biggest tech offering in the history of the Toronto Stock Exchange, the exchange said in a statement.
“The rebound in technology names is a good sign for the private tech companies with plans to publicly list their shares in the coming weeks,” CIBC analyst Stephanie Price wrote in a note. With tech IPOs such as Snowflake Inc. surging more than 100%, investor demand remains strong, she added.
Nuvei will take in proceeds $625 million before costs and fees, while $75 million goes to selling shareholders.
Information technology stocks are up 80% from their March 16 low on Canada’s largest exchange, compared to a 57% gain in the S&P 500 information tech index. Nuvei’s listing follows Dye & Durham Ltd.’s July offering, which raised C$172.5 million ($131 million). Another Montreal company in the merchant software business, Lightspeed POS Inc., raised C$276 million in an IPO last year.
Shares of Nuvei were priced at $26 but climbed as high as $35.04. They ended the day at C$45.05 ($34.12).
Backed by Caisse de Depot et Placement du Quebec and private equity firm Novacap Investments Inc., Nuvei has about 50,000 customers and supports transactions in nearly 150 currencies. The company connects business owners and customers “no matter where or how they do business,” Nuvei Chairman and Chief Executive Officer Philip Fayer said in an statement.
The global mobile commerce and e-commerce market is expected to increase to $6.3 trillion by 2024 from $3.4 trillion in 2019, according to Nuvei’s prospectus, citing eMarketer, a market research company. Nuvei generated revenue of $245.8 million and adjusted Ebitda of $87.2 million for fiscal 2019, according to its prospectus.
Nuvei’s shares are trading on so-called “if-and-when-issued basis” until the offering closes on Sept. 22, according to a separate statement by the company.
Bank of Canada's second-in-command to step down when her term ends next year – Financial Post
Article content continued
Experience away from the central bank appears to have become a requirement for running it
Experience away from the central bank appears to have become a requirement for running it. Wilkins, who broke one glass ceiling when she won the competition to become senior deputy governor, is still young enough to be governor. Macklem, 59, will have reached retirement age when his term ends in 2027.
But that’s the future. Here in the present, Wilkins’ decision to leave will trigger a reshuffling of the Bank of Canada’s leadership group ahead of what promises to be an exceptional period in the central bank’s history.
The central bank has already committed to doing its part to fight the COVID-19 recession by keeping interest rates near zero for at least a couple of years, evidence that the country’s biggest collection of PhD economists think the economy is extraordinarily weak.
Canadian policy-makers for the first time have deployed quantitative easing, or QE, in which the central bank uses its unique power to create money in order to buy debt worth hundreds of billions of dollars. The experience of the U.S. Federal Reserve and other central banks suggests the aggressive strategy will work, but QE remains an experiment that must be closely watched.
Wilkins’ mandate review, which could result in a decision to replace the Bank of Canada’s inflation target with a new approach to setting interest rates, also looms. All told, it won’t be a casual seven years for Macklem and his deputies.
Like the governor, the senior deputy governor is a cabinet appointment, so Chrystia Freeland, who replaced Morneau last month as finance minister, will influence the decision. At the same time, convention grants the governor significant say over who serves as his top lieutenant. The independent directors of the Bank of Canada’s board will lead the search and recommend candidates to Freeland.
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