1. Growth in steel production: The increase in global steel production capacity will drive the growth in demand for ferrosilicon. Steel is widely used in construction, manufacturing, and infrastructure, so the demand for ferrosilicon will increase accordingly.

2. Development of the foundry industry: The foundry industry is another major application area for ferrosilicon. With the development of industries such as automobiles, aerospace, and engineering machinery, the demand for casting products is also increasing, which has driven the growth of the ferrosilicon market.

3. The rise of emerging economies: Some emerging economies, such as China, India, and Brazil, are undergoing rapid industrialization. The substantial increase in demand for ferrosilicon in these countries will become an important driving force for the growth of the ferrosilicon market.