Sector brief: Economics & Trade
Corning sees strong demand for LCD products
February 8, 2010: Corning forecasts a good year coming in the sales of screens for electronic devices and an increase in demand for fiber.
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.
China will become the world leader in total television sales this year. Corning expects the China market to absorb about 37 million LCD televisions this year, a 32% year-over-year increase.
Fiber demand grew by more than 17% in 2009, driven by continued investment in the China broadband infrastructure, which itself improved by more than 70% year over year.
Market Watch reports that as the China 3G network slowly builds this year, Corning expects that worldwide optical fiber demand will level off and be even with or down about 5% compared to last year's strong performance.
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