Global Ceramic Sanitary Ware market will reach 32 million US$ by the end of 2025
Published Date: 2019/11/25
In a recent study published by QY Research, titled, “Global Ceramic Sanitary Ware Market Professional Survey Report 2019”, they have presented a thorough analysis of the market. The report is segregated into various sections pertaining to different areas of the market. In order to keep the data in the report accurate, researchers have use primary and secondary methodologies. The report elaborates the various factors governing the growth of the market including political, economic, social, technological, environmental, and legal.
The global ceramic sanitary ware market was valued at around US$22 mn in 2018 and is estimated to reach more than US$32 mn by the end of 2025, rising at a CAGR above 5% between 2018 and 2025.
Availability of Wide Variety of Colors and Textures to Drive Market
Global ceramic sanitary ware market is one of the fastest-growing market owing to its increasing popularity in the construction industry. Ceramic sanitary wares are cost-effectiveness, require low maintenance, and show excellent resistance to chemicals and scratches. They are available in wide variety of colors and textures, which can cater to desired functional and aesthetic requirements. These qualities makes it excellent product for interior designers to use across commercial and domestic applications. Rising demand for luxury sanitary ware including private spas, saunas, large bath, shower systems, and others, is further contributing to the growth of the market.
In addition, the rising consumer awareness regarding the requirements of proper sanitary products in urban regions of developing economies like China and India is also boosting the market growth.
Toilet Segment to Dominate Global Ceramic Sanitary Ware Market
The global ceramic sanitary ware market is divided into two segment, type and application. The type segment includes wash basins, toilet, urinals, and bathtubs. Toilet segment is currently dominating the global ceramic sanitary ware market due to consumer requirements for innovative, conventional sanitary products with aesthetic appeal. The application segment includes commercial and residential.
North America to lead Ceramic Sanitary Ware in Luxury Sector
Asia Pacific is expected to dominate the market due to its expansion of infrastructural and middle-class income groups in developing countries like India and China. Additionally, low labor cost and convenient availability of material have attracted many major manufacturers in the region. However, North America will also register an increased consumer base as demand of luxury sanitary products with aesthetic appeal will rise. Other regions studied in the report includes Europe, the Middle East and Africa, South Asia, and others.
Manufacturers to Develop More Compact and Stylish Ceramic Sanitary Ware
Geberit is one of the major manufacturers in the global ceramic sanitary ware market. In their recent project for Marco Apartments developers in Melbourne CBD they saved about $876,000 from space gains as well as reduced labor and time requirement. Geberit Sovent fittings helped save 04sqm of usable space, reducing the number of stacks required for the building’s drainage system. In addition, these fittings were not only able to save space but eliminate the need to install a parallel ventilating stack and increase the capacity of the discharge stacks more than 30 per cent.
Manufacturers are focusing on space reduction as houses are getting more compact. This is expected to give them advantage over other competitions and help their expansion urban spaces. Other major manufacturers studied in this report includes Arrow Bathware, HEGII, JOMOO International, Masco Corporation, Fortune Brands Home & Security, Kohler, LIXIL Corporation, TOTO, Roca, Geberit, Villeroy & Boch, Huida Group, and others.
Click to view the full report: https://www.qyresearch.com/sample-form/form/1276812/global-cryogenic-valve-market
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