Ceramic Sanitary Ware Market Pegged for Robust Expansion During 2021-2031

Transparency Market
Research delivers key insights on the global ceramic
sanitary ware market. In terms of revenue, the global ceramic sanitary ware
market is estimated to expand at a CAGR of 6.5% during the
forecast period, owing to numerous factors, regarding which TMR offers thorough
insights and forecasts in its report on the global ceramic sanitary ware
market.

Companies are
heavily investing in R&D to launch an exclusive collection of ceramic
sanitary ware. Manufacturers are expanding their product lines to meet the
increasing demand for ceramic sanitary ware. Moreover, the growing demand from
the residential and commercial sectors is expected to boost the market during
the forecast period.

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Ceramic Sanitary Ware Market: Key Segments

In terms of product
type, the water closets segment is expected to lead the global market, in terms
of revenue generation, followed by washbasin and kitchen sinks in the ceramic
sanitary ware market. However, in terms of volume, washbasin and kitchen sinks
segment is anticipated to lead the market, followed by the water closets
segment during the forecast period. As per the CAGR trend in product type, the
washbasin and kitchen sinks segment is projected to expand at a prominent CAGR,
followed by the water closets segment, during the forecast period. Developing
countries such as India, Brazil, South Africa, and China are witnessing significant
economic growth, along with rise in population, increase in disposable income,
and changing taste and preference of consumers. All these factors are
increasing the demand for esthetically designed ceramic washbasins and kitchen
sinks.

Based on technology,
the slip casting segment is expected to lead the global market, in terms of
revenue generation and units sold, followed by the spagless segment, during the
forecast period. However, the pressure casting segment is projected to expand
at a notable growth rate, followed by the slip casting segment during the
forecast period. The jiggering segment is expected to expand at a relatively
lower CAGR and account for a minor share, in terms of value and volume, of the
ceramic sanitary ware market.

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In terms of
application, the residential segment is expected to dominate the ceramic
sanitary ware market during the forecast period. However, the commercial
segment is estimated to expand at a prominent CAGR during the forecast period.
The construction sector in developing countries has witnessed tremendous
expansion as a result of increased government spending. The construction
industry in developing countries critically impacts regional socio-economic
growth and advancement. Moreover, increasing urbanization in developing
countries is predicted to accelerate the demand for ceramic sanitary ware over
the next few years.

In terms of
distribution channel, the offline segment is expected to dominate the ceramic
sanitary ware market, both in terms of revenue generation and volume, during
the forecast period. Moreover, third party distributors is expected to hold a
major share of the offline segment, in terms of revenue and volume, during the
forecast period. However, the study suggests that the online segment is
projected to expand at a significant pace, in terms of sales of ceramic
sanitary ware products during the forecast period.

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Ceramic Sanitary Ware Market: Prominent Regions

The market in Asia
Pacific is expected to expand at the highest CAGR and become an upcoming market
for ceramic sanitary ware sales. Asia Pacific is home to a majority of emerging
economies, which are witnessing urbanization and commercialization. The market
in Asia Pacific is anticipated to expand at a prominent growth rate during the
forecast period, as the governments of Asia Pacific countries are increasingly
focused on infrastructure investment and large-scale affordable housing schemes
due to expansion of tourism in the region. Increased spending on public
infrastructure and residential construction is expected to boost infrastructure
growth in Asia Pacific countries and thus expected to further boost the ceramic
sanitary ware market in Asia Pacific.

As compared to other
regions, the market in Middle East & Africa and South America is expected
to witness slower growth rate during the forecast period.

Ceramic Sanitary Ware Market: Key Players

Key players
operating in the global ceramic sanitary ware market are Eros Sanitary ware,
Foster + Partners, Grohe AG, Hansgrohe SE, Jaquar Group, Laufen Bathroom AG,
Toto Ltd., Villeroy & Boch AG, Duravit AG, Roca Sanitario S.A., Lixil
Corporation, Geberit AG, Ideal Standard International, Cersanit SA, etc.

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