PORTLAND, Oregon, August 21, 2018 /PRNewswire/ --
A new report published by Allied Market Research, titled, "Sanitary Ware Market by Product Type (Toilet Sinks/ Water Closets, Wash Basins, Pedestals, and Cisterns) and Material (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.
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Pedestals Segment To Dominate The Industry
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.
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Catalysts In The Industry
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.
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