5th
LCD Growth from Corning
“Global consumer demand for LCD televisions and personal computers will be the primary driver behind the company’s anticipated 14% to 22% increase in total LCD glass demand in 2010. Total glass volume for the year could reach three billion square feet. In 2009, the worldwide glass market was 2.45 billion square feet. “The high end of our estimation represents one of the largest volume increases in the history of LCD glass manufacturing,” John L. Geniviva, division vice president and director of strategy and marketing, Display Technologies, will tell participants.
In 2009, worldwide television sales increased by only 1%, while LCD TV sales increased by 35%. Corning expects that approximately 171 million LCD TVs will be sold this year, representing a 21% year-over-year growth rate. The absolute growth of LCD TVs in North America will slow as market penetration in the U.S. reaches 90% in 2010, and China will become the world leader in total television sales this year. “We expect the China market to absorb about 37 million LCD televisions this year, a 32% year-over-year increase,” Geniviva will note. Corning also expects the personal computing market (notebooks, netbooks and monitors) to grow by about 13% this year.”
