Ceramic Sanitary Ware Market Size, Share, Demand, Growth & Trends by 2032
The global ceramic sanitary ware market is projected to exhibit lucrative growth opportunities over the estimation period by exhibiting a CAGR of 5.3% from 2022 to 2032. The market is predicted to be valued at US$ 33,170.0 Mn in 2021 and is anticipated to reach US$ 58,929.8 Mn by 2032.
As per the historical analysis between 2014 to 2021,
the sales of the ceramic sanitary ware market increased at a CAGR of 6.2% in 2014
and 2021, owing to the rising applications accounting for a reasonable portion
of the global market.
The rising preference for sanitization and hygiene
across the world is expected to fuel sales in the ceramic sanitary ware market.
Prevailing government initiatives are helping in promoting sanitization,
especially in developing countries is one of the key factors driving the
ceramic sanitary ware market. Backed by these factors, the global ceramic
sanitary ware market is expected to reach US$ 35,160.2 Mn in 2022.
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Key Factors
- Owing
to the numerous benefits of ceramic material it has been excessively used
in the construction sector due to its excellent chemical and scratch
resistance and cost-effectiveness is expected to drive the demand. In
addition to that, a shift in preferences toward luxury items with aesthetic
appearance will further boost the ceramic sanitary ware market.
- In
addition to that, the rising demand for building and construction sectors
is escalating the demand for residential real estate, which is predicted
to propel the expansion of the global ceramic sanitary ware market in the
forthcoming years.
- Ceramic
sanitary ware consists of components and fixtures that are utilized for
sanitization. It comprises a wide array of products such as water closets,
wash basins, bathtubs, and faucets. Starch and chemical resistance are the
key characteristics of ceramic sanitary ware products which come with
cost-effectiveness and ease of maintenance.
- There
are several benefits of ceramic sanitary ware, one of which is its low
cost. Another benefit is that they are more rigid than traditional
structure metals and also provide an excellent return on investment due to
the longevity of ceramic sanitary ware. In addition to that, they also
have an exceptionally high melting point and are highly resistant to corrosion.
Backed by these factors, the ceramic sanitary ware market is expected to
drive growth over the projection period.
- Moreover,
rapid commercialization and rising government infrastructure spending are
anticipated to have a significant influence on the ceramic sanitary ware
market over the forecast period. Furthermore, the increasing number of
promotional programs launched by the public and private sectors in order
to raise awareness about the utilization of sanitary products is expected
to drive growth in the market.
- On
the back of these benefits, the demand for ceramic sanitary welfare market
has propelled immensely and is expected to reach US$ 35,160.2 Mn by
2022, increasing at 1.7x over the forecast period (2022-2032).
Competitive Landscape
To meet the ever-rising demand for ceramic sanitary
ware, manufacturers are inclining their focus on emerging markets in recent
years. Various key players are concerned about improving their manufacturing
capabilities, R&D investments, mergers and acquisitions, and production
capacity expansion.
The key market players are focused on strengthening
their sales channels in order to make ends meet. Prominent market manufacturers
are also launching novel 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 + Partners, Cersanit SA, Kajaria Ceramics Limited
More Insights into the Ceramic Sanitary
Ware Market
India is expected to hold a sizable portion of
the global market to become a prominent market in South Asia &
Pacific over the forecast period as a result of ongoing investment and
development there. The rising popularity of ‘concept bathroom’ along with
‘coordinated sanitary ware’ is surging demand for ceramic ware in India.
Several government initiatives are rapidly being
implemented in India which is helping is raising awareness. One such
awareness programs are Swachh Bharat Abhiyan (2019), these factors are
projected to grow the ceramic sanitary ware market at a CAGR of 7.8% during the
forecast period.
In countries like East Asia and China, the
ceramic sanitary ware market is expected to grow at a substantial rate owing to
increasing construction and infrastructure projects. China is
expected to maintain its top position in the East Asian market during the
projected period. The Chinese market is expected to register a growth of 7.1%
CAGR throughout the assessment period.
Ceramic Sanitary Ware Market by Category
By Product Type:
- Wash
Basins
- Pedestal
- Half
Pedestal
- Wall
Hung
- Table
Top
- Under
& Over
- Water
Closets
- One
Piece
- Two
Piece
- Wall
Mounted
- EWC
- Cisterns
- Vanity
Basins
- Accessories
By End User:
- Commercial
- Residential
By Region:
- North
America
- Latin
America
- East
Asia
- Europe
- South
Asia & Pacific
- Middle
East & Africa
Browse
Full Report: https://www.futuremarketinsights.com/reports/india-ceramic-sanitaryware-market
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