Theglobal ceramicsanitary ware market size is anticipated to hit USD 74.52 billion by2028 and exhibit a CAGR of 7.4% during the forecast period. The increasing
construction activities due to rising urbanization, industrialization, and the
growing trend of smart homes is projected to boost the market growth. Fortune Business InsightsTMhaspresented this information in its report titled, “Ceramic Sanitary Ware Market,2021-2028”. The market size stood at USD 44.17 billion in2020 and USD 45.24 billion in 2021.
Additionally,the growing trend of adopting ceramic water closets across urban and rural
areas is anticipated to uptick the market growth in the forthcoming years.
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COVID-19 Impact-
Theconstruction sector took a major hit from the coronavirus pandemic. Halted
construction activities and labor shortages due to strict curfews and lockdowns
resulted in delayed projects and diminished revenues. This consequently reduced
the demand for ceramic sanitary ware. Furthermore, the closure of manufacturing
plants of ceramic sanitary ware hampered the market growth. However, the market
is gaining significant traction due to the efficacious vaccination drives. The
market is projected to prosper in the forthcoming years.
Report Coverage-
- It provides a comprehensive market assessment.
- It assimilates key market drivers and restraints.
- It profiles the rankings of key market players accordingly.
- It includes key market developments and information on different market segments.
- It assesses the COVID-19 pandemic’s impact on the market.
Segmentation-
Onthe basis of product type, the market is segmented into urinals, wash basin,
water closets, and others. On the basis of end-use, the market is trifurcated
into renovation, commercial, and residential. Geographically, the market is
classified into Latin America, Europe, Asia Pacific, North America, and the
Middle East & Africa.
