Corning sees LCD glass market growth

Corning Inc., the world's largest maker of fiber-optic cable, on Wednesday said it expects the market for liquid crystal display glass to grow up to 50 percent annually over the next several years thanks to strong demand for such products as laptop computers.

The Corning, New York-based company said it expects global LCD glass market volume will grow between 30 percent and 50 percent for the next several years and growth in 2004 will be at the top half of that range.Corning also cited the continued penetration of LCD glass in desktop monitors and the emergence of LCD televisions.Corning Senior Vice President Donald McNaughton cited the company's recent increased first-quarter forecast for LCD demand."We are very pleased to see strong demand continuing in quarter one and we are focusing our efforts to accelerate additional capacity to better serve the industry," he said in a statement.

Notebook computer sales should continue to be a stable source of demand for LCD glass, as total notebook penetration of the computer market could reach 30 percent by 2006, Corning said.

"LCD monitors are on track to displace traditional cathode ray tubes as the display of choice this year and remain on pace to exceed 75 percent of monitors sold by 2006," McNaughton said.

He added that Corning expects LCD TVs to be up to 16 percent of the worldwide TV market within three years.

600450 Corning sees LCD glass market growth

See more news about:

Others also read

The glass sector has the increasingly widespread requirement of having an unlimited catalogue of parametric shapes and creating new ones in a simple way without being an expert in the field.
Shoaib Akhtar is going to be back on Indian TV screens. He is going to be featured in the new TV ad campaign for Asahi Glass.
Glass Confusion is starting the New Year with Beginning Fused Glass group classes. The three-week course will be held Wednesdays from 10 a.m. to 1 p.m. and again from 5 p.m. to 9 p.m.
Worldwide glass-substrate capacity is expected to continue to grow more than 40% each quarter through 2005, as a result of capacity expansion by existing glass-substrate suppliers and new companies joining the market, according to DisplaySearch.
Western Pennsylvania’s once-thriving glassmaking industry is dwindling, as did the domestic steel industry and for many of the same reasons: competition and cost.
Architects Robert and Esteve Terradas of Barcelona describe the city’s newly-renovated and expanded (45,000 m2) Science Museum (completed September 2004) as "a living museum that will set new standards in terms of transparency - a very modern construction that will enable the plants and animals inside to really live and breathe." The project was made possible by the use of an innovative grade of DuPont™ SentryGlas© Plus™ structural interlayer that is "UV-breathable, on the flat roof of an Amazonian rainforest exhibit".The UV-breathable 938 m2 laminated glass roof is rectangular in shape.

Add new comment