ceramic sanitary ware
The global ceramic sanitary ware market size was stood at USD 30.64 billion in 2019 and likely to reach USD 53.52 billion by 2027, growing at a CAGR of 6.92% during the forecast period 2020-2027. The key factors are growth in the construction industry and various developing countries initiatives to improve sanitation levels across the regions. Additionally, the rising urbanization and the change in consumer lifestyle across the globe will promulgate the growth of the global ceramic sanitary ware industry in the coming years. Further, the swelling construction activities in the residential, commercial, and industrial sectors are propelling the growth of the ceramic sanitary ware market across the world. Due to their durability, high resistance, low maintenance requirement, and higher resistance to environmental conditions, the surge in demand for ceramic sanitary ware will bolster the growth of the global ceramic sanitary ware market in the forecast span.
Moreover, the increasing inclination towards luxury residential fittings and the construction of many commercial malls and complexes in developing countries is expected to foster global market growth. Furthermore, the steady growth of the real estate sector and in developing countries; government initiatives aimed at improving the sanitation levels, will boost the global ceramic sanitary ware market share in the coming years. The growing expenditure on bathroom remodeling for better ergonomics will positively impact the ceramic sanitary ware market. The upsurge in demand for ceramic sanitary ware products in various sectors, including residences, hotels, industries, and hospitals, etc. will stimulate market growth.
Type Overview in the Global Ceramic Sanitary Ware Market
Based on the type, the global ceramic sanitary ware market classified into toilet sinks/water closets, washbasins, urinals, cisterns, and others. The toilet sinks/water closets segment will be the fastest-growing segment in the forecast period. It is attributable to the growing disposable income of consumers, the mounting demand for luxurious products, and mounting consumer requirements for the replacement of conventional sanitary products with innovative and advanced ceramic sanitary ware.
Technology Overview in the Global Ceramic Sanitary Ware market
Based on the technology, the global ceramic sanitary ware market segregated into slip casting, pressure casting, typecasting, and isostatic casting. The slip casting segment is projected to grow at the highest CAGR during the forecast period due to the slip casting specialized way of using plaster molds for mass production of ceramics. It is suitable for the production of complex shapes.
Application Market Overview in the Global Ceramic Sanitary Ware Market
Based on the application, the global ceramic sanitary ware market segregated into commercial and residential. The commercial segment estimated to dominate the ceramic sanitary ware market by 2027. Due to the increasing urbanization, heavy use, and frequent replacement of ceramic sanitary ware in the commercial sector and expansion of commercial properties and hospitality industries at a global level.
The residential segment projected to grow with a significant CAGR due to the government's supportive policies aimed at improving sanitation.
Regional Overview in the Global Ceramic Sanitary Ware Market
By geography, the global ceramic sanitary ware market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific accounted for the maximum revenue share in 2019. Due to the region's economic conditions, it is improving swiftly, increasing income levels, increasing consumer preference for superior interior designs, and growing industrial sector.
Global Ceramic sanitary ware Market: Competitive Landscape
Companies such as Geberit Group, Kohler Co., TOTO Ltd., LIXIL Group Corporation, Roca Sanitario SA, Villeroy & Boch AG, RAK Ceramics, Duravit AG, Duratex SA, HSIL, Lecico Bathrooms, Sanita, Catalano, Jaquar, Shanghai Aquacubic Sanitary Ware Co., Ltd, and Cera Ceramics Eagle Ceramics Limited are the key players in the global ceramic sanitary ware market.
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