2014-04-24 06:37:01 - Global LCD Glass Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Liquid-crystal Display (LCD) Glass market is to grow at a CAGR of 6.6 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing penetration of LCDs. The Global LCD Glass market has also been witnessing a reduction in the thickness of substrates. However, the low demand for LCD flat panel displays could pose a challenge to the growth of this market.
A reduction in the thickness of LCD glass substrates used in flat panel displays facilitates the use of thinner and lighter LCD panels. Thinner and lighter LCD displays have a huge potential for usage in mobile applications, which is expected to increase the demand for LCD glass in the market.
This will in turn help flat panel display manufacturers to enhance their value proposition to customers. As a result, the demand for LCD TVs is expected to increase during the forecast period, thereby propelling the demand for LCD glass.
One of the major drivers in this market is the increasing popularity of LCDs among consumers. LCDs are increasingly being preferred over the conventional display systems such as CRT displays. Moreover, LCDs offer several advantages over CRT displays due to their light weight and better display quality. Thus, the increasing popularity of LCD devices will drive the adoption of LCD glass, thereby fostering the growth of the market during the forecast period.
One of the key challenges in this market is the high cost of LCDs, resulting in their weak demand. The weak demand for LCDs is also attributed to the decreased adoption of computer PCs and notebook PCs.
The key vendors dominating this space include Asahi Glass Co. Ltd., Corning Inc., Nippon Electric Glass Co. Ltd., and Samsung Corning Precision Materials Co. Ltd. The other vendors mentioned are Avanstrate Inc. and IRICO Group Electronics Co. Ltd.
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