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The Global Sanitary Ware Market to Acquire $63.22 Billion in Revenue by 2028

12-23-2021 01:28 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Triton Market Research

The Global Sanitary Ware Market

The Global Sanitary Ware Market

According to Triton’s report, the global sanitary ware market, which acquired $48.00 billion in 2021, is predicted to observe growth at 4.01% of CAGR by 2028.

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

Request Free Sample of the Global Sanitary Ware Market Report @ https://www.tritonmarketresearch.com/reports/sanitary-ware-market#request-free-sample

Triton’s report estimates the global sanitary ware market to develop at a CAGR of 4.01% and 3.57% based on revenue and volume, respectively, during the evaluated period from 2022 to 2028. It is expected to attain $63.22 billion in revenue and 262.63 million pieces by volume by 2028.

The sanitary ware market has witnessed robust growth in the past few years owing to economic growth. And, with the increase in disposable income and expansion of the residential sector, there has been a rise in the demand for concept bathrooms. New trends of concept bathrooms, eco-friendly sanitary ware, and customization are augmenting the market’s growth. Furthermore, the demand for sustainable materials and the emergence of new water-saving technologies are further propelling the growth of the sanitary ware market.

However, the prices of the basic raw materials needed to manufacture ceramic tiles are constantly fluctuating. This is posing a major challenge to manufacturers, and is hampering the growth process.

The global market for sanitary ware is broadly segmented into material, type, sales channels, and applications. The material segment is sectioned into acrylic plastic & perspex, pressed metal, ceramic, and other materials. The type segment is categorized into cisterns, urinals, washbasins, toilets, and other types. The material segment is classified into wholesale distribution and retail distribution. Lastly, the application segment is bifurcated into commercial and residential.

Globally, the Asia-Pacific market for sanitary ware is expected to showcase the fastest growth rate during the considered years. According to the Asian Development Bank, the region has invested $8-$9 trillion in infrastructure development during the ten-year period from 2010 to 2020 to maintain its economy. In India, the government launched numerous ambitious programs, such as Swachh Bharat Abhiyaan (Sanitation for All by 2019), Smart Cities Mission, and Housing for All by 2022, to develop the construction industry. This has provided a significant impetus to the demand for sanitary ware. This, in turn, is influencing the growth of the sanitary ware market in the region.
Villeroy & Boch AG, Jaquar Group, Geberit AG, Fortune Brands Home & Security Inc, Roca Sanitario SA, Grohe AG, HSIL Limited, Duratex, Ideal Standard International, Corona, Kohler Co, Lixil Group Corporation, Rak Ceramics, Masco Corporation, Elkay Manufacturing Company, Laufen Bathrooms AG, Toto Ltd, Cera Sanitaryware Limited, Duravit AG, and Lecico Egypt are the established players competing in the market.

Purchase this Report @ https://www.tritonmarketresearch.com/reports/sanitary-ware-market#purchase-option

Question & Answer: Sanitary Ware Market

Question 1: What factors are propelling the growth of the sanitary ware market?
Answer: The sanitary ware market has witnessed robust growth in the past few years owing to economic growth. And, with the increase in disposable income and expansion of the residential sector, there has been a rise in the demand for concept bathrooms. New trends of concept bathrooms, eco-friendly sanitary ware, and customization are augmenting the market’s growth. Furthermore, the demand for sustainable materials and the emergence of new water-saving technologies are further propelling the growth of the sanitary ware market.

Question 2: What is hampering the sanitary ware market’s growth process?
Answer: The prices of the basic raw materials needed to manufacture ceramic tiles are constantly fluctuating. This is posing a major challenge to manufacturers, and is hampering the growth process.

Question 3: Which region is expected to showcase the fastest growth rate during the considered years?
Answer: Globally, the Asia-Pacific market for sanitary ware is expected to showcase the fastest growth rate during the considered years. According to the Asian Development Bank, the region has invested $8-$9 trillion in infrastructure development during the ten-year period from 2010 to 2020 to maintain its economy.
In India, the government launched numerous ambitious programs, such as Swachh Bharat Abhiyaan (Sanitation for All by 2019), Smart Cities Mission, and Housing for All by 2022, to develop the construction industry. This has provided a significant impetus to the demand for sanitary ware. This, in turn, is influencing the growth of the sanitary ware market in the region.

Question 4: Which are the established players competing in the sanitary ware market?
Answer: Villeroy & Boch AG, Jaquar Group, Geberit AG, Fortune Brands Home & Security Inc, Roca Sanitario SA, Grohe AG, HSIL Limited, Duratex, Ideal Standard International, Corona, Kohler Co, Lixil Group Corporation, Rak Ceramics, Masco Corporation, Elkay Manufacturing Company, Laufen Bathrooms AG, Toto Ltd, Cera Sanitaryware Limited, Duravit AG, and Lecico Egypt are the established players competing in the market.

Related Report:

Global Quartz Market

The global quartz market is likely to display growth in its revenue during the forecasting period 2020-2028. It is expected to display a CAGR of 4.94%, while attaining a revenue worth $9.91 billion by 2028.

Solar energy is one of the best-known sources of renewable energy, and is also easy to use. As the cost of solar energy-powered devices continues to drop and efficiencies continue to rise, it is becoming more and more viable across the world.

Quartz is used as a raw material for making silicon metal, which is used in PV solar cells for producing environmentally-sound energy. Also, the solar industry consumes glassware and crucibles in producing these cells. Overall, the growing solar industry is thus driving the demand for quartz.

This is expected to benefit the market growth over the forecast period. However, quartz mining has visible impacts on the environment, which is largely impeding the growth of the market.

Triton Market Research
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