The global ceramic sanitary ware market accounted for a value of USD 29.3 billion in 2019. Ceramic sanitary ware market projected to register growth at a CAGR of 5.8% during forecast period.
COVID-19 has impacted the ceramic sanitary ware market negatively as the building and construction activities have to halt to control the spread of corona virus. The manufacturing units have shut for months due to lockdown imposed by government. The supply chain got disrupted due to travel restriction. The demand for ceramic sanitary ware has been declined due to decrease in demand from various end-users such as commercial and residential sectors. The pandemic caused significant decline in ceramic sanitary ware market during forecast period.
For more details, please visit: Global Ceramic Sanitary Ware Market By Product (Wash Basins, Urinals, Others), By Technology (Slip Casting, Tape Casting, Others.), By Application (Commercial, Residential, Others) By Region, Forecast & Opportunities to 2026
The lifestyle of people is improving across the world. People are adopting high standard of living and the income level is also improving across various regions around the world. The concern towards sanitation and hygiene is increasing among population. People are interested in spending more and more amount on sanitary products. This is likely to drive growth in ceramic sanitary ware during forecast period.
On the basis of product, the ceramic sanitary ware market is segmented into wash basins, toilets sinks & water closets, urinals and others. The toilet sinks and water closet market accounted for 40.0% of total market share in 2018 and it is estimated to be fastest growing market. The consumers are replacing conventional sanitary products with new advanced sanitary products. There are various new advanced products are launched in India in 2019 which boosts the sanitary market in the country. This drives growth in toilets sinks and water closet during forecast period.
On the basis of product, the ceramic sanitary ware market is segmented into commercial and residential application. The commercial application is estimated to be fastest growing segment during forecast period. In commercial segment the replace rate of sanitary ware is high as it involves heavy use. The infrastructure is improving as government is spending good amount and installing developed products in commercial buildings. The adoption of luxurious ceramic sanitary ware is increasing in hospitals, resorts, hotels and villas. The demand for ceramic sanitary ware is high in commercial segment and this drives growth in this segment during forecast period.
Asia-Pacific region is estimated to hold largest market share during forecast period. This region is estimated to grow at a CAGR of 14.3% during forecast period. The population is growing rapidly in this region. The infrastructures are developing which involves installation of ceramic sanitary ware. The income level is also rising in this region and people are shifting towards new advanced products for their residence which increases demand and adoption of ceramic sanitary ware. This drives growth in Asia-Pacific region during forecast period.
The key market players in ceramic sanitary ware are 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, Eczacibas, Sanita, Captalano, Porcelanosa Group, Jaquar and Saudi Ceramics.
- What are the expected industry trends over the next three to five years?
- Which of the Ceramic Sanitary Ware technology is likely to lead by 2025?
- Which of the application segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?