Surging Construction Activities facilitate the Global Sanitary Ware Market Growth

According to Inkwood Research, the Global Sanitary Ware Market is estimated to evolve a CAGR of 4.57% in terms of revenue and 3.87% in terms of volume during the forecast period, 2019-2028.

"Browse 64 Market Data Tables and 52 Figures spread over 150 Pages, along with an in-depth TOC on the Global Sanitary Ware Market Forecast 2019-2028."

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Sanitary ware, in general, is a term used to refer to appliances in bathrooms, toilets, macerators, incinerators, etc. There are conventionally made from porcelain, and can be referred to as ceramic or china sanitary ware. They are also made of a vast range of materials.

Rising Construction Activities Propel Market Growth

One of the most important factors evaluated to be propelling market growth is the surging construction activities in developing economies. The aforementioned aspect is observed in the Asia Pacific. The region has been witnessing a rapid increase in urbanization for a few years. The region encompasses a large population base. This boosts the demand for commercial and housing infrastructure, which fuels the market under study. Sanitary wares find vast application in the construction industry.

As per the Asia Development Bank, the region is projected to invest $8-$9 trillion in infrastructure development between 2010 and 2020. Moreover, government initiatives like Smart Cities Mission, Atal Mission for Rejuvenation and Urban Transformation (AMRUT), and Housing for All by 2022, etc. in countries like India, are estimated to be beneficial for the market growth. Favorable policies like minimized interest rates in terms of housing, will further influence the demand.

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Toilet Sinks/ Water Closets were the Major Product Type in 2019

A water closet is a sanitary hardware utilized in the disposal of feces and urine. They enhance sanitation, along with easing the cleaning process. It contains a plastic tank for storing water, and a seat for covering the toilet sink. Major materials used in its manufacturing are plastic and ceramic. The seat cover is made of polyurethane or polypropylene. One of the disadvantages of using a water closet is that it requires more water than conventional toilet sinks. For instance, a typical flush needs six liters of water.

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Asia Pacific is the Prominent Region in terms of Revenue and Volume

Asia Pacific encompasses a rising demand for sanitary ware products, along with the flourishing real estate sector. The rising disposable incomes, growing prioritization of personal hygiene, the thriving hospitality industry, and surging construction activities, are the other factors supplementing the growth of the market in the region.

The market is highly fragmented because of the extensive presence of companies. Cost-effective manufacturing and new product development are evaluated to be the crucial factors of success, for market players. Overall, the competitive rivalry is assessed to be high during the forecast period. Some of the renowned companies operating in the market include, Elkay Manufacturing Company, Jaquar Group, Laufen Bathrooms AG, Cera Sanitaryware Limited, Kohler Co, etc.

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