The global sanitary ware market is projected to grow at a CAGR of 6.36% over the forecast period of 2019-2025. The report covers segments, by product, material type, and end user.
Prasad Patil
Sanitary Ware Market (Product - Commode, Wash Basin, Urinals, Faucets, Sinks, and Others; Material Type - Ceramic, Metal, and Synthetic; End User - Residential, and Commercial): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025
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Published : March, 2020
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Rep Id : SWM342020
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No. of Pages : 185
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In 2018, LIXIL Corporation, a global leader in sanitary ware
has acquired India-based Sentini Sanitarywares Pvt. Ltd. The acquisition is
done as an expansion strategy and to produce ceramic ware in India. In 2019,
Jaquar & Co Pvt. Ltd has acquired a sanitary ware factory from Euro
Ceramics Ltd for $15.5 million. The company has done this acquisition to
increase its production capacity in India. The manufacturers are expanding
their business by acquiring local manufacturers in the developing market like
India. The sanitary ware market to witness robust growth in developing
countries due to growing sanitary awareness enriched by an increased level of
income and government programs for educating households about safe sanitation.
In general terms, sanitary ware refers to sanitary appliances
found in installations, such as toilets and bathrooms. Nowadays, sanitary
facilities are improving owing to the increasing demand for better sanitation
facilities as well as growing supply chain efforts from industry participants.
Consumers are investing in high and premium sanitary ware products and hence
the manufacturers are focusing on design and technological aspects. The factors
such as increasing new construction activities across the world and growing
awareness about cleanliness and hygiene are the major driving factors for the
sanitary ware market. The construction activities in countries such as the
U.S., China, and India is high and it drives the demand for sanitary ware
products in this region. Furthermore, the government is taking initiatives ad
arranging various programs for cleanliness and hygiene purposes. Conversely, the
extraction cost of raw materials especially ceramic and high transportation
cost hinders the market growth. Moreover, the rising initiatives by the
government to improve the sanitation conditions provide growth opportunities to
the market players.
Geographically, the global sanitary ware market is bifurcated
into North America, Europe, Asia Pacific, and RoW (the Middle East &
Africa and South America) regions. Asia-Pacific dominates the global sanitary
ware market. The rising construction activities in the Asia-Pacific countries
such as China, India, and Indonesia are driving the demand for sanitary ware
products in this region. The infrastructure and construction explosion in the
Asia Pacific region in the future with a healthy spread of projects shared between
residential, industrial and infrastructural sectors. The strong infrastructure
spending in countries such as India, Indonesia, China, Australia, Singapore,
Philippines, Thailand, Myanmar, and Vietnam. Indonesia is likely to invest
heavily in infrastructure until 2025. Europe is the second-largest market for
the sanitary ware due to the presence of major sanitary ware manufacturers such
as Roca Sanitario, S.A., Duratex, Sanitec S.A. (Geberit Group), Cersanit, Ideal
Standard (UK) Ltd, Duravit AG, among the others.