Display Glass Shipments to Hit New Records in 1H 2021 and Corning Announces Glass Price Increase
Pulled by strong demand for large-screen LCD panels, display glass shipments are expected to increase by 4% in the second quarter of 2021 to an all-time high of 165M square meters, according to the latest update to DSCC’s Quarterly Display Glass Report, released last week. Shipments in the first quarter of 2021 have been flat Q/Q compared with Q4 2020, despite the reduced number of working days and the supply constraints stemming from a power outage at NEG’s Takatsuki plant. Considering the strong demand and constraints on glass supply by its two Japanese competitors, Corning announced an increase in glass prices for Q2 2021. With Corning’s announcement on March 26th that glass prices in Q2 2021 will increase, we expect that revenues will increase by 7% Q/Q and 18% Y/Y in Q2 2021 to ¥186B.
Learn More