Wilmington, Delaware, United States, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - Transparency Market Research report throws light on the ceramic sanitary ware market trends and the overall growth dynamics. The global ceramic sanitary ware market is projected to register a CAGR of 6.5% over the forecast period of 2021-2031. Concurrently, rising consumer disposable income and rapid industrialization and urbanization in emerging economies are prognosticated to drive the global market.
Ceramic sanitary ware is used in both the household and commercial sectors. It is harder than traditional construction metal items, is inexpensive, possesses a high melting point, and is corrosion-resistant. Consequently, its attractive appearance, adaptability, and lightweight aspect make it the most preferred material utilized to make high-quality sanitary fittings. As a result, the popularity of ceramic sanitary ware around the world is projected to rise significantly.
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Ceramic Sanitary Ware Market: Key Findings of the Report
- A large proportion of businesses prefer technologically innovative and convenient items. Manufacturers are conducting research and development activities to build technologically advanced products using 3D technology, such as water closets that enable integrated personal washing to create cleanliness and hygiene which will fuel the overall growth of the market.
- The rising number of bathroom remodeling in residential projects is creating value-grab opportunities. Ceramic shower tiles are promoted for their ease of modification. Subsequently, curved glass walls and ready-made shower pans are being used by contractors to improve the aesthetics of the bathroom. Furthermore, the utility of vitrified ceramic tiles is becoming more common in bathroom renovation projects. All these factors are projected to propel the growth of the ceramic sanitary ware market.
- Ceramic sanitary ware items are experiencing considerable growth in the residential market, segment. When compared to rural areas, urban areas have a higher usage of ceramic sanitary ware goods owing to growth in residential construction activities. Additionally, its use will increase in the residential sector due to the growing real estate market. Consequently, the influence of technological developments, as well as demographic changes including millennials' shifting lifestyles have created a positive impact on the growth trajectory.
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Ceramic Sanitary Ware Market: Regional Growth Dynamics
- Asia Pacific is estimated to lead the worldwide ceramic sanitary ware market and grow at a rapid CAGR, followed by North America. The Asia Pacific region is home to several growing economies, which are expanding their infrastructural development. The Asia Pacific market is extrapolated to rise at a rapid pace, as governments in the region are focusing more on infrastructure investment and large-scale affordable housing initiatives in response to the region's expanding tourism.
- Infrastructural growth in Asia Pacific countries is predicted to expand by rising commercialization. The demand for ceramic sanitary ware from a variety of commercial establishments will drive market growth. The growth of the global market is accelerated owing to the huge requirement for sanitary ware items, which provide numerous health and hygiene benefits. Furthermore, clients in developing countries are investing more in bathroom improvements which will enhance the market growth t across the region.
Ceramic Sanitary Ware Market: Key Players
The TMR research report includes the sales analysis of ceramic sanitary ware companies to analyze their financials, significant product offers, recent innovations, and strategies. Because of the presence of multiple companies, the ceramic sanitary ware sector is competitive. The emergence of more local players is estimated to strengthen the competition in the upcoming period.
The key companies operating in the global market are Villeroy & Boch, Foster and Associates, Jaguar Group, Toto Ltd. Grohe AG, Duravit AG, and Lixil Corporation,
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Ceramic Sanitary Ware Market: Segmentation
By Product
- Washbasin
- WC
- Cistern
- Pedestals
- Bidets
- Urinals
- Others
By Technology:
- Slip Casting
- Pressure Casting
- Tape Casting
- Isostatic Casting
By Application:
- Commercial
- Office
- Institutional and Retail
- Industrial
- Hospitality
- Residential
- Single Family
- Multi-Family
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End-Use that will favor growth in the market over the next 9 years.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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