PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279778
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279778
Global Sanitaryware Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Sanitary ware includes pedestals, cisterns, washbasins, and toilet sinks. Porcelain, a type of ceramic material, has traditionally been used to create these objects. But currently, metals, glass, plastics, and other materials are used to make sanitary dishes. Cost-effective, highly resistant to chemical attacks, and able to support huge loads are all qualities of ceramic sanitary ware. The Sanitaryware market is expanding because of factors such as increasing in concerns related to health & hygiene and growing urbanization across the globe.
According to statista, in year 2015 around 53.9% of the world population resides in urban area which is expected to reach at 60.4% by year 2030 and it is projected to reach at 68.4% by year 2050. These rising urbanization would lead to promote more construction activities and would ultimately lead to rise the demand for sanitarywear. Furthermore, Unicef and WHO figures show that more than half of the world's population still lacks access to good sanitation, and at least 2 billion people consume water that has been tainted with excrement. To put an end to this, a number of NGOs (Non-Governmental Organisations) are launching campaigns and constructing toilets in a number of rural and underdeveloped areas to provide people with safe sanitation. This has aided in the market's expansion. In addition, increasing construction activities and rising product development activities across the globe is fostering the market growth. However, high cost of Sanitaryware may halt the market growth.
The key regions considered for the Global Sanitaryware Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of branded products, rising hygiene concern and product development activity in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising construction activities, an increase in the number of collaborations for product development, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Materialofferings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable