The ceramic sanitary ware market report contains numerous information about factors, such as market restraints, drivers, and opportunities. In addition, the report provides an in-depth review of industry developments and trends in the market that are influencing the ceramic sanitary ware market growth. Additionally, the database analyzes and estimates the ceramic sanitary ware market both globally and regionally.
The ceramic sanitary ware market size was estimated at $35,544.8 million in 2020 and is forecasted to grow at a CAGR of 7.2% during the forecast period from 2021 to 2027.
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Ceramic sanitary wares are fixtures required in homes as essentials. A few of the ceramic sanitary ware examples are washbasins, sinks, closets, and bathtubs. These tri-axial compounds are produced with the use of raw materials like clay, feldspar, and quartz. The global Ceramic sanitary wares market is witnessing significant growth in demand due to the inexpensive prices, chemical & scratch protection properties, and trouble-free maintenance. Additionally, the products are available in a variety of colors making them attractive enough to grace the place.
Factors Affecting
The global ceramic sanitary ware market is expected to witness promising growth, owing to the rise in construction and building sectors. Additionally, enhancing the requirements of residents can surge the growth of the market during the forecast period.
Government projects for the betterment of hygiene and sanitation will prompt a market expansion in the upcoming years.
Ceramic wares’ properties can amplify the growth of the market. The ceramic products are customizable and available in a wide range of patterns, colors, textures, and structure choices. It is expected to witness soaring opportunities in public transportation stations, hotels, hospitals, factories, and educational institutes in the upcoming years.
The ceramic sanitary ware market is witnessing the launch of innovative products. Various key companies are signing a partnership with other firms to improve their product portfolio. Additionally, the growth of technology is likely to strengthen their market in the future.
The leading companies in the global ceramic sanitary ware market are expanding their business reach to different locations. Hence, this creates an opportunity for growth to a wider extent. RAK Ceramics, a Ceramic Ware industry inaugurated its 250sqm flagship showroom in the UK. This promises a wide range of audience participation which will ultimately grow the market.
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COVID-19 Impact
The sudden outbreak of COVID-19 has formed a wide threat to the lives of people and businesses. The pandemic had a vital effect on worldwide trade, economy, and finance, which resulted in halting the entire production industry. The ceramic sanitary ware business also got deeply affected due to the complete shutdown of industries in several countries.
Key businesses in the ceramic sanitary ware market can afford to emerge from the lockdown loss by modifying their investment plans. Additionally, the recovery is expected shortly as the hike in COVID-19 cases will diminish with the help of vaccines. The market is expected to reinitiate in a short time and a complete recovery is expected by 2022.
Regional Analysis
Asia-Pacific held dominance in 2020 and is expected to witness promising growth during the forecast period. The increasing DPI (disposable income) of people, development of infrastructure industries, and extension of the manufacturing of ceramic sanitary ware products are key factors driving the further expansion.
The growing awareness regarding personal hygiene among the population in countries like China, Japan, India, and Thailand will further boost the requirement for sanitary ware products. The government has been taking measures in India to spread awareness about sanitation.
Global Ceramic Sanitary Ware market Segments
By Product Type
Toilet Sinks & Water Closet
Washbasins
Urinals
Others
By Distribution Channel
Online
Offline
By End-User
Residential
Non-residential
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key Companies
Geberit ag
Kohler co.
Toto ltd.
Lixil corporation
Roca sanitario s.a.
Villeroy & boch ag
R.a.k. ceramics
Duravit ag
Duratex s.a.
Hsil ltd.
Key questions answered in the global chemical market report are:
· How does a global company acquire markets?
· What are its core strategies and policies?
· What factors will influence the chemical market over the forecast period?
· What are the factors driving and restraining the market for chemicals?
· What are the leading competitors in the global market?
· Which region is growing at a higher pace in the global market?
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