The Silver Institute just published the research report “The Outlook for Silver Industrial Demand.” The research, executed by Thomson Reuters GFMS, examines the current and future outlook for global industrial silver demand.
We quote from the summary of the report:
At present, against a backdrop of a continuing sluggish global economy, a downturn in silver industrial demand is forecast for 2012, although a recovery in 2013 will see these losses entirely recouped. The report states that during 2012-14, some silver industrial market segments will outperform, including the use of silver in ethylene oxide (EO) plants, which is already experiencing a strong performance this year. Silver oxide is employed as a catalyst to produce EO, which is then used as a key ingredient in a range of products such as polyester. The authors project photovoltaic offtake to broadly stabilize in 2013, following a forecasted downturn in 2012, and anticipate robust demand in the use of silver in photovoltaics in 2014.
The 14-page report is available here: