Inkwood Research predicts that the Global Sanitary Ware Market is evaluated to record a CAGR of 4.16% in terms of revenue and 3.67% in terms of volume during the forecasted period of 2022-2030.“
Browse 68 Market Data Tables and 57 Figures spread over 241 Pages, along with an in-depth TOC on the Global Sanitary Ware Market Forecast 2022-2030.”
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Sanitary ware refers to wash basins, cisterns, toilet sinks, pedestals, and others. Although these products were traditionally manufactured using porcelain, a ceramic material, sanitary wares are now manufactured through the use of glass, metals, or plastics, as well as other materials. Ceramic sanitary wares entail outstanding resistance to chemical attacks, can withstand substantial loads, and are cost-effective.
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Government Initiatives for Infrastructural Development to Propel Market Growth
As the government encourages the development of the housing and construction sectors, it is projected that the demand for sanitary ware will also increase exponentially. In addition, the increasing personal disposable income (PDI) is expected to modify the perception of the middle and upper class in terms of bathrooms. This aspect will significantly shift the focus on larger and more improved bathrooms as a sign of luxury, thus providing the global sanitary ware market with lucrative growth opportunities. Furthermore, supportive government initiatives for infrastructure development, including ‘Housing For All’ and improved sanitation, are anticipated to bolster the demand for sanitary ware.
Wash Basins Segment to Lead the Product Type Category
A wash basin is a sink fitted with a water supply, utilized for cleaning hands and minor washing. Numerous types of wash basins are available in the market, primarily based on the consumer’s preference. These include countertop sinks, free-standing pedestal sinks, wall-mounted sinks, and console sinks. Moreover, different types of materials are used in the production of the same. Conventionally, wash basins were made from porcelain, coated with vitreous china. However, as consumer preferences transitioned, wash basins were then manufactured from granite, onyx, marble or travertine, glass, metal, and others.
Asia-Pacific to Lead and Dominate the Global Market by 2030
The significant market growth in the Asia-Pacific is mainly ascribed to the initiatives introduced by the government as well as the developing construction sector. For instance, China recently launched the campaign titled ‘New Infrastructure’ to offset the economic impression of the COVID-19 pandemic, in addition to boosting sustainable growthThe competition across the global sanitary ware market is intense. Several players globally manufacture and sell ceramic sanitary ware, with only a few dominating the market. Therefore, the market space is fairly fragmented. Furthermore, manufacturers frequently engage in technologically-driven projects in order to address the difficulties in areas such as cost reduction and product quality.Some of the key players operating in the market include Cera Sanitaryware Limited, Ideal Standard International, Jaquar Group, etc.
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