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Vietnam Sanitary Ware & Bathroom Accessories Market to Exhibit CAGR of 6.4% during 2018 to 2025

03-04-2020 07:05 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Vietnam Sanitary Ware & Bathroom Accessories Market

Vietnam Sanitary Ware & Bathroom Accessories Market

Vietnam sanitary ware & bathroom accessories market was estimated at $419 million in 2017, and is expected to reach $685.2 million by 2025, growing at a CAGR of 6.4% from 2018 to 2025. The report offers an in-depth analysis of the top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, top investment pockets, and changing market trends.

Emergence of concept bathrooms and rise in construction activities in Vietnam spur the growth of the Vietnam sanitary ware & bathroom accessories market. On the other hand, environmental concerns coupled with stringent regulations check the growth to some extent. Nevertheless, different prospects to expand business on online platform have created lucrative opportunities in the industry.

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oThe toilet/water closets segment to lead the trail till 2025-
Based on product type, the toilet/water closets segment accounted for nearly one-third of the total market share in 2017 and is expected to dominate throughout the study period. The wash basins segment, on the other hand, is projected to grow at the fastest CAGR of 8.2% by 2025.

oThe ceramics segment garnered the lion's share in 2017-
Based on material, the ceramics segment contributed to more than three-fourths of the total market revenue in 2017 and is anticipated to retain its dominance through 2018-2025. The same segment is also predicted to showcase the fastest CAGR of 6.8% during the estimated period.

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oFrontrunners in the industry-
The key players analyzed in the report include Gessi SpA, Jaquar Group, Innoci Vietnam, Thien Thanh Sanitaryware Joint Stock Company (Thien Thanh), LIXIL Group, Roca Sanitario, S.A., TOTO Ltd., Viglacera Corporation, Italisa (Vietnam) Co. Ltd., and CAESAR Bathroom. These players have incorporated a number of exclusive strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others to maintain their strong stand in the market.

Read Full Report Summary: https://www.alliedmarketresearch.com/vietnam-sanitary-ware-and-bathroom-accessories-market

Source: https://www.globenewswire.com/news-release/2019/08/22/1905531/0/en/Vietnam-Sanitary-Ware-Bathroom-Accessories-Market-to-Reach-685-2-Million-by-2025-at-6-4-CAGR-Says-AMR.html

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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