Global Ceramic Sanitary Ware Market 2018-2022
About Ceramic Sanitary Ware
Sanitary wares comprise of bathroom equipment primarily used for defecation and other hygiene applications. The durability, glossy surface, and easy cleaning properties makes ceramics the most extensively used material in sanitary ware applications.
Technavio’s analysts forecast the global ceramic sanitary ware market to grow at a CAGR of 7.80% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global ceramic sanitary ware market for 2018-2022. This market research report offers a comprehensive analysis of the market segmentation by product (ceramic wash basins, ceramic wash closets, ceramic cisterns, and others).
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ceramic Sanitary Ware Market 2018-2022
Technavio recognizes the following companies as the key players in the global ceramic sanitary ware market: Kohler, LIXIL Group, Masco, TOTO, and Villeroy & Boch.
Commenting on the report, an analyst from Technavio’s team said: “Due to its several benefits, biotoilets are increasingly being adopted by governments of various countries such as India, Kenya, and South Africa to improve sanitation facilities in the rural areas. Homeowners are also expected to adopt biotoilets in the future to reduce toilet maintenance costs. Thus, the adoption of biotoilets will be key trend driving market growth during the forecast period.”
According to the report, one of the major drivers for this market is the increasing expenditure on bathroom remodeling in both developing and emerging economies. The average expenditure cost on bathrooms in emerging economies such as India is expected to increase during the forecast period. Bathroom remodeling projects will also become popular in the developed regions such as the Americas and Europe.
Further, the report states that one of the major factors hindering the growth of this market is the crawling defects commonly found in ceramic sanitary ware products. Although precautionary measures are applied to reduce crawling effect, it cannot be completely eradicated. This increases the manufacturing and logistics cost of the manufacturer and thereby hamper market growth.
Villeroy & Boch