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.
Download Report Sample FREE (Get PDF with Insights, Charts, Tables, Figures) @ https://www.researchmoz.us/request-free-sample/?reportid=758
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.
Product Type Disposition
- Washbasin and Kitchen Sinks
- Water Closets
- Others (Cisterns, Squatting Pans, Shower Trays, etc.)
- Slip Casting
- Pressure Casting
- Isostatic Casting
- Others (Tape Casting, Manual Casting, etc.)
Application Type Disposition
- Hotels and Restaurants
- Others (Malls and Multiplexes, Airports, etc.)