Corning's Growth Opportunities In The Automobile Industry
- Corning primarily manufactures glass, ceramics and related items but is also known for producing substrates and filters that are used in catalytic converters.
- The company is also expecting to benefit from the use of Gorilla Glass in automobiles. Gorilla Glass, a protective scratch resistant glass, is primarily used in consumer appliances and devices.
- Once this market opens up, even a 5% market share would mean a 30% increase in sales.
- As long as automobile sales keep increasing, emission standards keep getting revised and car manufacturers continue being innovative with their use of Gorilla Glass, the future for Corning looks bright.