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The Global Sanitary Ware Market to Amount to $63.22 Billion by 2028

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The Global Sanitary Ware Market to Amount to $63.22 Billion by 2028

December 23
17:53 2021
The Global Sanitary Ware Market to Amount to $63.22 Billion by 2028
The Global Sanitary Ware Market
According to Triton’s report, the global sanitary ware market garnered $48.00 billion in 2021, and is assessed to gain a CAGR of 4.01% by 2028.

A recent study by Triton Market Research titled ‘Global Sanitary Ware Market’ consists of the Global Analysis and Forecasts by Sales Channels (Retail Distribution, Wholesale Distribution), Application (Residential, Commercial), Material (Pressed Metal, Ceramic, Acrylic Plastic & Perspex, Other Materials), Type (Washbasins, Toilets, Cisterns, Urinals, Other Types), and by Geography (North America, Middle East and Africa, Asia-Pacific, Europe, Latin America).     

 

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Triton’s research report denotes that the global sanitary ware market is likely to grow with a CAGR of 4.01% by revenue and 3.57% by volume, throughout the evaluated period 2022-2028. It is expected to generate $63.22 billion by revenue and 262.63 million pieces by volume by 2028.

Consumers are increasingly driven to buy sanitary ware products online due to price transparency. Furthermore, online channels offer the ease of finding products, with a wide variety in terms of shape, size, design, and material, making the process extremely convenient. Manufacturers thus have the opportunity to expand their business via digital platforms, which will aid the growth of the sanitary ware market.

However, manufacturing ceramic tiles is an extremely energy-intensive process and also a key contributor to the growing CO2 emissions. Several countries have therefore imposed regulations pertaining to their use. These regulations are largely limiting the market’s growth.

The global market for sanitary ware is segmented into sales channels, application, material, and type. Based on sales channels, the market is bifurcated into retail distribution and wholesale distribution. Whereas, based on application, it is divided into residential and commercial. On the basis of material, it is classified into pressed metal, ceramic, acrylic plastic & perspex, and other materials. Lastly, on the basis of type, it is divided into washbasins, toilets, cisterns, urinals, and other types.

The Asia-Pacific region holds the largest share of the global sanitary ware market, and is expected to reign over the evaluated period. The primary factor driving the market’s growth in this region is the rapidly expanding construction industry. For instance, Japan’s housing sector is expected to observe growth in the coming years, owing to increased investments. Also, with an increase in household spending, there has been a huge demand for remodeling houses. The rise in construction activity in the country is supplementing the demand for sanitary ware products. This is expected to propel the growth of the sanitary ware market in the region.

Duratex, Grohe AG, HSIL Limited, Rak Ceramics, Duravit AG, Toto Ltd, Fortune Brands Home & Security Inc, Corona, Laufen Bathrooms AG, Geberit AG, Elkay Manufacturing Company, Lecico Egypt, Masco Corporation, Ideal Standard International, Kohler Co, Lixil Group Corporation, Villeroy & Boch AG, Roca Sanitario SA, Jaquar Group, and Cera Sanitaryware Limited are some of the renowned companies in the market. 

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Question & Answer: Sanitary Ware Market

Question 1: What factor will aid the growth of the sanitary ware market?

Answer: Consumers are increasingly driven to buy sanitary ware products online due to price transparency. Furthermore, online channels offer the ease of finding products, with a wide variety in terms of shape, size, design, and material, making the process extremely convenient. Manufacturers thus have the opportunity to expand their business via digital platforms, which will aid the growth of the sanitary ware market.

Question 2: What is limiting the sanitary ware market’s growth?

Answer: Manufacturing ceramic tiles is an extremely energy-intensive process and also a key contributor to the growing CO2 emissions. Several countries have therefore imposed regulations pertaining to their use. These regulations are largely limiting the market’s growth.

Question 3: Which region is the largest market for sanitary ware globally?

Answer: The Asia-Pacific region holds the largest share of the global sanitary ware market, and is expected to reign over the evaluated period. The primary factor driving the market’s growth in this region is the rapidly expanding construction industry. For instance, Japan’s housing sector is expected to observe growth in the coming years, owing to increased investments. 

Also, with an increase in household spending, there has been a huge demand for remodeling houses. The rise in construction activity in the country is supplementing the demand for sanitary ware products. This is expected to propel the growth of the sanitary ware market in the region.

Question 4: Which are some of the renowned companies in the sanitary ware market?

Answer: Duratex, Grohe AG, HSIL Limited, Rak Ceramics, Duravit AG, Toto Ltd, Fortune Brands Home & Security Inc, Corona, Laufen Bathrooms AG, Geberit AG, Elkay Manufacturing Company, Lecico Egypt, Masco Corporation, Ideal Standard International, Kohler Co, Lixil Group Corporation, Villeroy & Boch AG, Roca Sanitario SA, Jaquar Group, and Cera Sanitaryware Limited are some of the renowned companies in the market.  

Related Report:

Global Quartz Market

The global quartz market is expected to surge at a CAGR of 4.94% during the forecast period of 2020-2028, gathering $9.91 billion in revenue by 2028.

Superfine quartz powder is gaining acceptance in a broad range of applications, owing to its excellent dielectric properties, high thermal conductivity, low thermal expansion co-efficiency, high chemical stability, and excellent physical properties. 

Also, owing to its water retention properties, the powder helps in preventing bleeding & segregation, thereby decreasing the resistance to concrete pumping significantly. Further, quartz powder also helps in improving the compactness of castable refractory materials. 

The growth of the ultrafine powder industry has increased the demand for quartz powder in several applications significantly. The emergence of such applications and the rising adoption of quartz powder in these applications are projected to drive the studied market’s growth over the coming years.

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