Bathroom Vanities Market Advanced technologies & growth opportunities in global Industry by 2022

The Bathroom Vanities Market was worth USD 5.50 billion in the year of 2012 and is expected to reach approximately USD 9.54 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 5.08% during the forecast period. Developing inclination towards eco-friendly and green materials, for example, engineered stone and reused glass is relied upon to trigger requirement for the bathroom vanities market. Rising renovating and reconstruction exercises because of changing consumer inclinations is relied upon to support the requirement for bathroom vanities through the figure time frame. Furthermore, inclination towards customized premium highlights, for example, collected ledge vanities and DIY devices are relied upon to help volume interest for the material utilized. Fast advancement of infrastructure in developing economies is relied upon to positively affect market development. Requirement for formaldehyde free strong wood cabinets inferable from high level of awareness among purchasers are relied upon to upgrade item quality. For example, KCMA's Environmental Stewardship Program in the United States gives bureau makers a stage to make eco-friendly items agreeing to the California formaldehyde regulations associated with emission. Increasing demand for colorful countertop materials like marble, lava stone and engineered stone due to a variety of pattern, reasonable prices and utilization of these products in bathroom applications is anticipated to boost the development of this market.

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Material Outlook and Trend Analysis

Bathroom vanity materials comprise metal, wood, glass, stone and ceramic. Wood is majorly used as part in cabinets; contemporary cabinetry is generally frameless and usually built with materials that are engineered for example, chipboard, plywood or Medium density fiber (MDF). The apparent surface of this material is normally clad in plastic paint, timber finish, or laminates. Expanded concentrate on client experience or availability combined with copious enhancements, for example, creative storage choices, rollouts, pullouts for styling items, hair dryers or cosmetics is progressively picking up demand for better materials in the bathroom applications. Increasing demand for MDF in place of the solid wood material is anticipated to transform the wood-based cabinetry market. Engineered stone, for example, quartz has developed as a standout amongst the most favored materials for bathroom applications. This can be ascribed to the uniform inward structure, low upkeep, and solid polymer resin binding and non-porous features. Glass countertops are available in a wide range of assortments, for example, reused high-density polyethylene countertop material, strong glass, and glass with LED backlighting. The glass material can be utilized as a part of slabs, doors, and countertop applications. This material can likewise be utilized as backsplashes or tiles that are fixed with the bureau tops. Interest for reused glass in bathroom vanities market is anticipated to ascend throughout the following years. The material has non-permeable, non-chipping or splitting features and is likewise lighter than some other countertop material.

Market Classification

Bathroom Vanities Market, By Material, Estimates and Forecast, 2012-2022 ($Million)

Stone
Ceramic
Glass
Wood
Metal

Bathroom Vanities Market, By Application, Estimates and Forecast, 2012-2022 ($Million)

Residential
Non-Residential

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

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Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

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