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Burgeoning Commercialization to Underpin the Ceramic Sanitary Ware Market

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May 17, 2022

Burgeoning Commercialization to Underpin the Ceramic Sanitary Ware Market

The global ceramic sanitary ware market is projected to witness a good growth at a CAGR of 6.5% from 2021 to 2031 and the same is expected to value USD42.91bn by the end of 2031 as compared to its valuation of USD 21. 74bn in 2020.

The surge in commercialization is anticipated to drive the growth in the global ceramic sanitary ware market during the forecast period.

Researchmoz sheds some light on the market dynamics of the global ceramic sanitary ware market which involves market size, trends, drivers, opportunities, restraints, regional dominance, and competitive edge during the forecast period.

Factors Driving And Restraining The Market

The factors that are anticipated to have a positive effect on the global ceramic sanitary ware market during the forecast period include-

  • The rapid urbanization across all the regions is expected to bolster the growth of the ceramic sanitary ware market during the forecast period.
  • The properties such as being highly efficient, corrosion-free, long-standing, and cost-effective as compared to metal wares make them viable for demand for ceramic sanitary ware in the coming years.
  • The modern lifestyle and increasing disposable income in the hands of consumers are expected to increase the demand for ceramic sanitary ware during the forecast period.
  • The better sanitization initiatives from the government are projected to boost the expansion of the global ceramic sanitaryware market in the coming years.
  • The residential sector is expected to augment the global ceramic sanitary ware market in the future.

However, there are certain restraints that are expected to hamper the ceramic sanitary ware market during the forecast period.

  • The low rate of replacement for bath and sanitary products is anticipated to hinder the growth of the global ceramic sanitaryware market in the coming years.
  • The wavering rates of raw materials are projected to restrain the growth of ceramic sanitary ware in the forecast years.

Despite these, the aesthetic looks that luxury sanitary ware provides are projected to drive the global ceramic sanitary ware market during the forecast period.

Analyst’s Views

The global ceramic sanitaryware market is anticipated to witness significant growth between 2021 to 2031.

The rising commercialization and rapid industrialization are a couple of major factors that are expected to expand the ceramic sanitaryware market during the forecast period.

In terms of product, the water closest segment is anticipated to thrive the ceramic sanitary ware product in the forecast years.

Further, the residential segment is expected to intensify the growth opportunities for ceramic sanitary ware in the future.

The Asia Pacific is likely to hold a larger share in the global ceramic sanitary ware market, owing to high demand from developing countries such as China and India.

Alternatively, North America is also projected to witness significant growth in the region, owing to the demand for luxury bath basics.

Competitive Landscape

The global ceramic sanitary ware market is highly competitive and fragmented due to the presence of prominent players.

These players are targeting on coming up with market strategies such as improving their product portfolio through new launches, mergers, collaborations, acquisitions etc.

The current stalwarts in the global ceramic sanitary ware market include-

  • Hansgrohe SE
  • Jaquar Group
  • Laufen Bathroom AG
  • Toto Ltd.
  • Villeroy & Boch AG
  • Duravit AG
  • Eros Sanitaryware
  • Foster + Partners
  • Grohe AG
  • Roca Sanitario S.A.
  • Lixil Corporation
  • Geberit AG
  • Ideal Standard International
  • Cersanit SA, etc.

 Key Takeaways

  • The global ceramic sanitary ware market is projected to witness substantial growth during the forecast period.
  • The increasing initiatives from the government to provide affordable housing schemes are expected to drive the demand for ceramic sanitary ware during the forecast period.
  • The rising awareness about sanitization and hygiene in rural and semi-urban regions is projected to bolster the demand for ceramic sanitary ware during the forecast period.
  • The global lockdown due to the covid-19 pandemic had a slowdown in the construction sector, however, now the economy is picking up and so is the construction sector as well, thus owing to the demand for the global ceramic sanitary ware.

Product Type Disposition

  • Washbasin and Kitchen Sinks
  • Faucets
  • Water Closets
  • Bathtubs
  • Bidets
  • Urinals
  • Others (Cisterns, Squatting Pans, Shower Trays, etc.)
  • Technology
    • Slip Casting
    • Spagless
    • Jiggering
    • Pressure Casting
    • Isostatic Casting
    • Others (Tape Casting, Manual Casting, etc.)

Application Type Disposition

  • Residential
  • Commercial
  • Hotels and Restaurants
  • Offices
  • Hospitals
  • Others (Malls and Multiplexes, Airports, etc.)

Regional Disposition

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico

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