The report forecasts the global ceramic sanitary ware market to grow at a CAGR of 7.22% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: "A key trend which is boosting market growth is the emergence of new designs with variety of finishes. Selection of bathroom fixtures and designs are considered to be important during the designing process to enhance the aesthetic appeal of restrooms. Some of the finishes and features offered by ceramic sanitary ware manufacturers are break resistance and glossy finish. To cater to the rising demand for designer sanitary ware, manufacturers focus on developing sanitary ware with varied designs that can blend easily with the design requirement of the bathroom décor and meet the customer requirements."
According to the report, a key growth driver is the increase in the sale and construction of housing projects across countries like US, China, India, South Korea, and the Middle-Eastern region. The rise in a number of privately owned housing units is also propelling the market growth. The rise in home renovation projects and increased interest in interior design also trigger the demand for ceramic sanitary ware. Consumers invest significantly in premium sanitary ware products to improve the aesthetic appeal of their washrooms, especially in a newly constructed house.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?