Ceramic Sanitary Ware Revenue Market Size Over five years grows at 7.9% CAGR
Market Overview: Market growth factors include rise in demand for construction, increased investment in building sectors, government funding of sanitation initiatives, growing recognition worldwide of the health benefits provided by good sanitation, and increased demand for residential real estate. The industry’s growth has been boosted by government measures supporting efforts to improve hygiene and sanitation standards throughout the world.
Ceramic sanitary ware is customizable with variety being available in the form of patterns, structures, textures, and colors.
Growth in disposable income in India has led people to invest more money and resources on their residences, leading to rising demand for sanitary ware in that region. The global ceramic sanitary ware market is impacted by a longer lifespan and higher concern for hygiene. Technological developments and manufacturing improvements in techniques to produce these products will considerably lower the costs, increasing affordability and uptake in the market.
The ceramics sector is faced with a number of competitiveness challenges, many of which have been fueled by globalization. Increased environmental regulation continues to be an issue. The increase in the number of comparative low-cost ceramics products being imported from emerging economies is a sign that in some sectors, particularly in the ceramic tableware sub-sector, the local competitive advantage on the basis of cost is diminishing.
Washbasins accounted for 39.5% of the global ceramic sanitary ware market. In residential ceramic sanitary products, washbasins account for 75 percent of the market share.
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Excluding Sales Tax |
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