StrategyR is a trade mark of Global Industry Analysts, Inc. USA
A trade mark of Global Industry Analysts, Inc.
Global Market Trajectory & Analytics
VALIDATED EXECUTIVE ENGAGEMENTS
Number of executives repeatedly engaged by snail & email outreach*
POOL + OUTREACH
Interactions with Platform & by Email *
Unique # Participated *
Responses Validated *
* Login to view program details and full enterprise executive list.
GLOBAL EXECUTIVE SURVEY
Impact of Pandemic & Economic Slowdown
Monitor Market Dynamics! Early March 2020, we reached out to senior enterprise executives who are driving strategy, business development, marketing, sales, product management, technology and operations at competitive firms worldwide. Our ongoing survey is focused on how this will this affect their business ecosystems. We invite you to participate in our survey and add to collective perspectives. Market movements are tracked for 2020, 2021 and broadly for the period of 2022 through 2025. Critical changes are monitored dynamically for the rest of this year. Updated analytics will reflect new and evolving market realities. Our first update scheduled for May 2020 and another in the Fall. Clients receive complimentary updates during 2020. If your company is a recent client for this project, we may have already reached out to your colleagues to participate in our program. If you're an active player in the space but hasn't yet subscribed to our project, we invite you to participate and share your perspectives. Please sign-up here.
The global market for Ferrosilicon is expected to slump by -10.7% in the year 2020 highlighting a US$1.1 billion erosion in market value. Thereafter the market is expected to recover and reach US$10.9 billion by the year 2027 trailing a post-COVID-19 CAGR of 2% over the analysis period 2020 to 2027.In parallel to the steel industry, the ferrosilicon market is also slumping. Ferrosilicon alloys are used widely in steel and aluminum production. Global steel market is expected to slump by -5.5% in the year 2020 highlighting a 6.5 million metric ton erosion in consumption. The construction industry which accounts for 45.7% of world steel consumption is facing the brunt of labor migration, capital constraints and disruptions in construction material supply chain. Diversion of government funds from infrastructure development to pandemic firefighting has additionally impacted the construction industry, which is dependent to a large extent on infrastructure projects. In several countries, all non-essential construction projects have been put on hold with the exception of building emergency hospitals for COVID-19 care. Residential construction is taking a beating with millions of people worldwide pushed into unemployment as businesses either go bankrupt or layoff workforce to stay afloat. Unemployment rates are climbing to worrisome levels in both developed and developing economies alike. For the construction industry, this brings bad news as new housing starts go into deep freeze. The long shadow of the coronavirus is thwarting home-buying plans of consumers. With countries seeing a second wave of infections, the Covid-19 resurgence is likely to undermine the much awaited chances of a V-shaped recovery. Challenges of maintaining social distancing at construction sites is resulting in difficulties in obtaining project clearances from regulatory authorities. Ensuring raw material availability still remains a challenge for most construction contractors.
The machinery industry which is accounts for 18.1% share of global steel consumption is also feeling the weight of falling industrial output and a crumbling manufacturing sector. The worst affected industry in this pandemic driven crisis is manufacturing with its complex supply chains, labor intensive processes, and interdependencies. Division of labor, modular manufacturing strategies, outsourcing to reduce costs and increase the efficiency, consistency, and quality of each operations, have made the manufacturing sector most vulnerable amid the lockdown restrictions. An indication of the grim state of affairs is the fact that global manufacturing PMI is already declining and will fall to an estimated all-time low of 35.4 points in 2020 as compared to 53.8 in 2019. This indicates severe contraction of manufacturing activity including new orders, production, employment, supplier deliveries, inventories, customers` inventories, commodity prices, order backlog, new export orders, and imports. Global industrial output is plummeting sharply with the U.S posting steep declines of -16.5% & -15.2% in March & April 2020. The slumping demand for machine tools in response to these challenges is impacting steel demand and consumption. Transportation and household appliances, which together accounts for 19.2% of world steel consumption, are also feeling the heat of the crumbling aviation, automobile, ship building and consumer durable goods industry. The aviation industry has been brought down to its knees hurt by grounded flights as countries across the world sealed their borders amid stringent travel restrictions imposed in 1Q of 2020. Several airline companies across the world, especially low cost carriers, have already voiced concerns about going bankrupt without timely aid and financial rescue measures from the government. Widespread travel bans and sealing up of international and regional borders by governments worldwide to contain the spread of the disease has been a significant financial blow for airline operators. Even as governments cautiously begin to ease restrictions in 2Q of 2020, the rising second wave of infections is doing but little to bring hope to the aviation industry. With all non-essential travel coming to a halt and with the tourism industry virtually decimated a longer-term impact is more than likely to be felt by the aviation industry. The industry which suffered over US$32.6 billion in April 2020 will likely see the losses mount to over US$120.2 billion by December 2020.
In the post COVID-19 period, increasing use of silicon in the production of aluminum alloys and growing demand for ferrosilicon from high-volume end-use applications such as ferrous foundries, steel and magnesium, will bring back growth. Defined as a ferroalloy of iron and silicon, ferrosilicon typically features silicon content between 15 and 90 wt% and is used in various applications such as manufacture of cast iron; corrosion and high-temperature resistant ferrous silicon alloys; silicon steel for electromotor and transformer cores; prealloys like magnesium ferrosilicon; semiconductor pure silicon and silicon copper, among others. In the automotive and aerospace industry, the growing engineering focus on reducing weight and increasing fuel efficiency will result in increased use of aluminum-silicon alloys. Aluminum when alloyed with silicon enables ease of casting by reducing the melting temperature and increasing the fluidity of the melt; features high strength-to-weight ratio; superior corrosion resistance; high thermal conductivity and ability to recycle over 85% of aluminum during end of life reclamation. Polysilicon or polycrystalline silicon, which finds use in solar applications, will be among the fastest growing end-use markets for silicon. The growing need for deoxidization of various ferrous alloys in steel manufacturing process is expected to favor growth in the FeSi market. Asia-Pacific will remain a major market supported by abundance of raw materials; rise of Asia as the global manufacturing hub backed by the relatively low cost of power and labor; large electronics and semiconductor manufacturing and construction industries and a parallel rise in steel production and processing activities. China ranks as the leading producer and consumer of silicon and ferrosilicon.
» Application (Deoxidizer, Inoculants, Other Applications) » End-Use (Carbon & Alloy Steel, Stainless Steel, Electric Steel, Cast Iron, Other End-Uses)
» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Spain » Russia » Rest of Europe » Asia-Pacific » Australia » India » South Korea » Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » Rest of Latin America » Middle East » Africa
INSIDER ACCESS PRIVILEGES
Users of our portal have insider access to our data stacks based on project relevance and engagement status. Tiered access is offered to data stacks, managed based on user status - Opt-in, Active Panelist, Inactive Panelist, Active Client or Inactive Client.
Registration is required to access our data stacks.
We are firmly committed to build upon perspectives from global executive insights. These engagements enrich our projects. Our primary research programs are fully validated and accessible by clients. (Its a common industry-wide* practice that no validated primary research is done! For the most part, remote resident analysts curate and write reports drawing on search engine research and data modeling.)
* A review of 262 off-the-shelf market report publishers worldwide.
WHAT SETS US APART Client companies can access multiple features on our MarketGlass™ platform.
Clients have full-stack insider access to our ongoing primary research program. We have a very successful incentive driven primary research program that benefits participating executives regardless of their purchase decision. Our platform presents a unique opportunity to collaborate with peers and review competitors’ inputs and response clusters.
Detailed engagement stats are presented for every company and executive contacted. This is made available for our client reviews. (no other publisher offers this!)
A full-stack access to clients of all primary and secondary source content. This can often run into thousands of pages.
Where relevent and possible we present competitive brands.
Peer-to-peer online interactive collaborations. Allows for team curated bespoke analytics.
Customers can update and build bespoke versions of our analytics. Bespoke updates are fulfilled within a two-day turnaround.
Discretely bounce off queries to participant pool of executives. Our embedded AI selectively pings participants geographically and by domain acumen.
We pride in our commitment to provide support to our clients. We go beyond the scope of the study to get you timely answers.
Unlike the industry’s published PDF’s that are frozen in time from date of release, our research programs are ongoing and dynamic. Our reports are updated whenever there’s a major event impacting the marketplace. Your license offers seamless updates for one year.
All updates are offered for one year from date of your purchase without charge. Clients can opt for annual auto renewal and stay current without interruption.
EXPERT PANEL REGISTRY
We're excited to add you to our Domain Expert Panel! Let's get you started.
*All fields are mandatory.
YOUR PRIVACY MATTERS TO US!
Our robust permission-based engagement strategy requires a one-time double opt-in and/or re-consent for all users. We will re-establish consent once a year from date of last use. Both these practices exceed GDPR mandates. What we store: Primary coordinates such as email, company address and phone. In-house developed influencer rank. How we store: Encrypted and additionally secured by firewalls. How we use your data: Only to contact you directly. We never share your coordinates with any individual or entity outside our company for any reason.