A new report published by Allied Market Research, titled, "Sanitary Ware Market by Product Type (Toilet Sinks/ Water Closets, Wash Basins, Pedestals, and Cisterns) andMaterial (Ceramics, Pressed Metals, Acrylic Plastics & Perspex, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2025", estimates the global sanitary ware market to be worth $9.194 billion in 2017 and is projected to be valued $13.616 billion by 2025, registering a CAGR of 5.0% during 2018-2025. The springing era of capital integration and increasing awareness about personal hygiene drive the growth of the global sanitary ware market. In addition, growing demand for sanitary across commercial and institutional sectors such as hotels, offices, schools, and colleges coupled with proactive government initiatives to boost affordable housing has provided an impetus to the market growth. However, fluctuating demand in real estate and variable costs during production pose a challenge to the sanitary ware market. On the contrary, raising awareness about sanitary ware products in the developing countries is expected to provide lucrative opportunity to market players in the coming years.
The study includes various product types of sanitary ware such as toilet sinks/ water closets, wash basins, pedestals, and cisterns. The toilet sinks/ water closets segment accounted for the largest revenue in 2017, accounting for nearly one-third share. On the other hand, the pedestals segment is expected to reach a dominant position by 2025, growing by 61% in volume.
Ceramic Materials To Rule The Roost
The report is segmented based on material into ceramics, pressed metals, acrylic plastics & Perspex, and others. Ceramic materials accrued the highest revenue of $7.298 billion in 2017, accounting for more than three-quarters of the total market value. However, the demand for acrylic plastics & Perspex is expected to increase gradually through 2025.
Money-making Regions For The Market
The report provides an in-depth analysis of several geographical regions, which include North America, Europe, Asia-Pacific, and South America, Middle East and North Africa (MENA). In 2017, the Asia-Pacific region generated the highest revenue and is expected to maintain its dominance during 2018-2025 by registering growth of more than 50%. It is followed by MENA, which is projected to garner $1,665 billion by 2025.
The report includes profiles of the key companies in the global sanitary ware market, which include Kohler Co., Toto Ltd., Villeroy & Boch, LIXIL Corporation, Roca Sanitario, S.A., and Sanitec Corporation. Leading companies have adopted several strategies including mergers & acquisitions, collaborations, partnerships, and new product launch to maintain their position in the market.
Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact: Shriram Dighe 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: +1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1⟨855⟩550-5975 email@example.com