Global Sanitary Ware Market (2020 to 2025) - Technological Advancements Present Lucrative Opportunities - ResearchAndMarkets.com

DUBLIN--()--The "Ceramic Sanitary Ware Market by Type (Toilet Sinks/Water Closets, Washbasins, Urinals, Cisterns), Application (Commercial, Residential), Technology (Slip Casting, Pressure Casting, Type Casting, Isostatic Casting), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global ceramic sanitary ware market size is projected to grow from USD 32.1 billion in 2020 to USD 44.6 billion by 2025, at a CAGR of 6.8%.

The increasing demand from developing nations drives the ceramic sanitary ware market. Historically, the awareness regarding personal hygiene was low in developing nations. Therefore, the ceramic sanitary ware market had limited growth and development. However, due to the multiple initiatives taken by the governments of developing countries, the awareness about hygiene and proper sanitation is increasing. According to the latest data by the WHO, 45% of the global population used the safely managed sanitation service in 2017. This number is expected to increase in the coming years due to the rising public awareness, professional marketing of sanitation to those lacking the access, and initiatives of the private sector in public sanitation.

The increasing industrialization in emerging markets, such as Brazil, China, and India, and increasing consumer awareness about hygiene and purchasing power are driving the demand for ceramic sanitary ware.

Toilet sinks/Water closets is projected to account for the largest share of the overall ceramic sanitary ware market, in terms of value, between 2020 and 2025.

Toilet sinks/Water closets are the basic ceramic sanitary ware. Most of the rural population in developing countries do not have access to this basic sanitation system, and hence a country like India is taking initiatives under its Swachh Bharat Abhiyan program to build public toilets in rural areas. This is the major factor for the growth of the ceramic sanitary ware market in India.

The toilet sinks/water closets segment is further classified into, one piece, two piece, EWC, wall hung closets, and others. The demand for one piece toilet sinks is very high due to its low cost and easy availability.

Commercial is the larger application in the overall ceramic sanitary ware market in terms of value.

The consumption of ceramic sanitary ware is very high in the commercial application. This is mainly due to the heavy use and frequent replacement of the ceramic sanitary ware in the commercial application. The commercial segment is further classified into hospitality, industrial, institutional & retail, and offices. Hospitality is the largest sub-segment of the commercial application. The increasing international tourism over the last ten years, coupled with the increasing number of luxurious hotels, resorts, and villas, is supporting the growth of the ceramic sanitary ware market in the hospitality sub-segment.

Low cost to drive the demand for ceramic sanitary ware in slip casting.

Ceramic sanitary ware market by technology is segmented into slip casting, pressure casting, tape casting, and isostatic casting. Slip casting is the most popular technology for the manufacturing of ceramic sanitary wares. This is the most economical technology as it does not require any technical expertise to conduct operations, unlike other technologies. Hence, the labor cost is saved in the case of slip casting technology.

Rapid industrialization in APAC to drive the demand for ceramic sanitary ware.

The APAC ceramic sanitary ware market is projected to be the largest during the forecast period. The growing industrialization and infrastructural development in the region have offered enormous opportunities for the use of ceramic sanitary ware across various applications in the region. The major ceramic sanitary ware markets in APAC are China, Japan, India, Indonesia, and Malaysia. China is the major hub for manufacturing activities, globally, followed by Japan and India.

As a result of the global pandemic due to COVID-19, the ceramic sanitary ware market is expected to witness slow growth for the year of 2020. According to the IMF, the GDP growth rate of APAC will fall to 0% in 2020. However, the ongoing and upcoming huge construction projects in India and Japan are expected to support the growth of the ceramic sanitary ware market during the forecast period.

Market Dynamics

Drivers

  • Initiatives Taken by the Public Sector to Improve Access to Proper Sanitation
  • Change in Lifestyle and Increase in Purchasing Power of Middle-Class Population

Restraints

  • Fluctuation in Housing Demand
  • Environmental Impact

Opportunities

  • Technological Advancements

Companies Profiled

  • Geberit Group
  • Lixil Group Corporation
  • Villeroy & Boch AG
  • Rak Ceramics
  • Toto Ltd.
  • Kohler Co.
  • Duravit AG
  • HSIL
  • Duratex Sa
  • Roca Sanitario S.A.
  • Lecico Bathrooms
  • Eczacibasi
  • Sanita
  • Catalano
  • Porcelanosa Group (Noken)
  • Jaquar
  • Saudi Ceramics
  • Shanghai Aquacubic Sanitary Ware Co. Ltd
  • Cera Ceramics
  • Eagle Ceramics Limited
  • Coto Ceramics Pvt. Ltd.
  • Sanso Sanitary Ware
  • Sanyo Ceramics
  • Devon & Devon
  • Creavit
  • Ideal Standard International SA

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900