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(Construction.IndustryNews247.Com, September 03, 2019 ) The report "Ceramic Sanitary Ware Market by Type (Wash Basins, Toilet Sinks/Water Closets, Urinals, Cisterns), Application (Commercial and Residential), Technology (Slip Casting, Pressure Casting, Tape Casting, Isostatic Casting), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market size is estimated to be USD 37.4 billion in 2017 and is anticipated to reach USD 59.2 billion by 2022, at a CAGR of 9.6%.
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The market for ceramic sanitary ware is driven majorly by the growth of the real estate sector and the increasing demand for such sanitary ware products in Southeast Asian countries. Rise in disposable income of the middle-class population, increasing hygiene awareness, and rapid urbanization have shaped consumer preferences and expanded the market. Moreover, the shift of manufacturing facilities to the emerging economies has enabled affordable availability in the developing markets of Southeast Asia.
The residential application segment accounted for the larger share of the ceramic sanitary ware market in 2016
The market for ceramic sanitary ware has been segmented based on application as commercial and residential. The residential segment is estimated to be the dominant consumer of ceramic sanitary ware. This dominance by the residential segment is expected to continue during the period between 2017 and 2022 as well. Increasing disposable income and improving standard of living are fueling the demand for ceramic sanitary ware in the residential sector, especially in the emerging economies. Moreover, the various upcoming projects in the residential sector are anticipated to increase the demand for ceramic sanitary ware during the forecast period.
The demand for toilet sinks is expected to witness the highest growth in the overall ceramic sanitary ware market
The toilet sinks/water closets segment is projected to grow at the fastest rate in the global ceramic sanitary ware market during the forecast period. The rise in disposable income has driven the demand for sanitary ware, especially toilet sinks/water closets.
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Browse in-depth TOC on "Ceramic Sanitary Ware Market"
123 - Market Data Tables
30 - Figures
158 - Pages
Asia Pacific is the largest market for ceramic sanitary ware
Asia Pacific is the largest market for ceramic sanitary ware, globally. The region is also expected to continue dominating the market during the period between 2017 and 2022. Rapid growth in urbanization and expansion of the real estate sector are fueling the demand for ceramic sanitary ware in this region. The overall growth of the economy in the region is leading to the implementation of various infrastructure projects, including the residential sector. This is likely to drive the market for ceramic sanitary ware products in the region in the near future.
The major players operating in the ceramic sanitary ware market include Roca Group (Spain), Geberit Group (Switzerland), LIXIL Corporation (Japan), Toto Inc. (Japan), RAK Ceramics (UAE), Duravit AG (Germany), HSIL Ltd. (India), Ideal Standard International S.A. (Belgium), Villeroy & Boch (Germany), and Duratex S.A. (Brazil).
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