2014-01-30 05:22:04 - Global Cover Glass Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Cover Glass market is to grow at a CAGR of 21.8 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing adoption of mobile phones. The Global Cover Glass market has also been witnessing an increased number of collaborations among enterprises. However, high production costs could pose a challenge to the growth of this market.
One of the main trends witnessed in the Global Cover Glass market is the increasing government regulations. For instance, the adoption of set top boxes has been made mandatory by governments in some developing countries, thus driving the adoption of digital TVs. Digitization is one of the major factors driving the demand for LCD TVs, which
in turn contributes to the growth of the Global Cover Glass market, as LCD TV displays increasingly use cover glasses.
One of the main factors driving the market is the increasing need for better glazing applications for automotive OEMs. Automotive OEMs using cover glasses in glazing applications experienced many benefits such as better fuel economy, faster acceleration, lighter liftgate, theft security, and less heat load.
One of the main challenges is the falling demand of desktop PCs. As a result of the emergence of portable display devices such as smartphones and tablets, there has been a decline in the demand for desktop PCs.
The key vendors dominating this space include Asahi Glass Co. Ltd., Corning Inc., Nippon Electric Glass Co. Ltd., and Schott AG.
The other vendors mentioned are Apple Inc., LG Corp., Nokia Corp., Samsung Electronics Co. Ltd., and Samsung Corning Precision Materials Co. Ltd.
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