South Asia is expected to be the most profitable market in the sanitary ware market, followed by North America. Commercial segment contributes to the maximum revenue share in ceramic sanitary ware market. The Indian Sanitary Ware Market is expected to grow at a CAGR of 7.8% during the forecast period 2022-2032.
NEWARK, Del., September 15, 2022 /PRNewswire/ — The global Ceramic Sanitary Ware Market is anticipated to offer lucrative growth opportunities during the estimate period, by registering a CAGR of 5.3% from 2022 to 2032. The market is expected to be valued at US$33,170.0 million in 2021 and is expected to be achieved US$58,929.8 million until 2032.
According to the historical analysis, between 2014 and 2021, the revenue of Sanitary Ware Market increased at a CAGR of 6.2% in 2014 and 2021 as the increasing applications account for a fair share of the global market.
The rising preference for disinfection and hygiene around the world is expected to boost sales in the sanitary ware market. Prevailing government initiatives are helping to promote disinfection, especially in developing countries, which is one of the key factors driving the sanitary ware market. Supported by these factors, the global sanitary ware market is expected to be reached US$35,160.2 million in 2022.
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- Due to the numerous advantages of the ceramic material, it is being used extensively in the construction sector due to its excellent chemical and scratch resistance, and its cost-effectiveness is expected to drive demand. In addition, a shift in preferences towards luxury items with aesthetic appeal will further boost the sanitary ware market.
- In addition, increasing demand in the construction sector is causing demand for residential real estate to escalate, which is expected to fuel the expansion of the global sanitary ware market in the coming years.
- Ceramic sanitary ware consists of components and fixtures that are used for disinfection. It includes a wide range of products such as toilets, sinks, bathtubs and faucets. Strength and chemical resistance are the most important characteristics of sanitary ware products, which are associated with economy and ease of maintenance.
- There are several advantages of ceramic sanitary ware, one of which is its low cost. Another benefit is that they are stiffer than metals of traditional structure and also offer an excellent return on investment due to the durability of sanitary ware. In addition, they have an exceptionally high melting point and are very resistant to corrosion. Supported by these factors, the sanitary ware market is expected to drive growth during the forecast period.
- Furthermore, the rapid commercialization and rising government infrastructure spending are expected to have a significant impact on the sanitary ware market over the forecast period. Additionally, the increasing number of promotional programs launched by the public and private sectors to raise awareness of the use of hygiene products are expected to drive the growth of the market.
- Due to these advantages, the demand for ceramic sanitary ware has increased immensely and is expected to continue to increase US$35,160.2 million by 2022, increasing 1.7 times over the forecast period (2022-2032).
To meet the ever-increasing demand for sanitary ware, manufacturers have increasingly focused on emerging markets in recent years. Various key players are concerned about improving their manufacturing capabilities, R&D investments, mergers and acquisitions, and expanding production capacity.
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Major market players are focused on strengthening their distribution channels to make ends meet. Leading market manufacturers also launch new and innovative products to maintain and expand their market share. Key Players – Geberit Group, Kohler Co., LIXIL Group Corporation, TOTO Ltd., Roca Sanitario SA, Villeroy & Boch AG, RAK Ceramics, Duravit AG, Duratex SA, HSIL, SOMANY CERAMICS Limited, Eros Sanitaryware, Jaquar Group, Foster + Partner , Cersanit SA, Kajaria Ceramics Limited
More insights into the sanitary ware market
India is expected to hold a sizeable portion of the global market to become a prominent market South Asia & Pacific over the forecast period as a result of ongoing investments and developments there. The increasing popularity of “concept bathrooms” along with “coordinated sanitary ware” is increasing the demand for ceramic ware India.
Several government initiatives will be implemented shortly India What helps is raising awareness. One such awareness program is Swachh Bharat Abhiyan (2019). These factors are forecast to drive the sanitary ware market to grow at a CAGR of 7.8% over the forecast period.
In countries like East Asia and ChinaThe sanitary ware market is expected to grow significantly due to increasing construction and infrastructure projects. China is expected to maintain its leading position in the East Asian market during the projected period. The Chinese market is expected to register a 7.1% CAGR growth during the assessment period.
Ceramic Sanitary Ware Market by Category
By product type:
- bathroom sink
- Half Pedestal
- wall hung
- Under over
- water closets
- One piece
- Two pieces
- Mounted on the wall
By End User:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- middle East & Africa
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Table of Contents
1.1. Global Market Outlook
1.2. Trends on the demand side
1.3. Trends on the supply side
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. market definition
3. Key Trends & Success Factor
3.1. Key trends affecting the market
3.2. success factor
4. Global Ceramic Sanitary Ware Market Demand Analysis 2014-2021 and Forecast, 2022-2032
4.1. Analysis of historical market volume (units), 2014 – 2021
4.2. Current and future market volume (units) forecasts, 2022 – 2032
5. Global Sanitary Ware Market – Price Analysis
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