The global 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. FortuneBusiness InsightsTMhas presented this information in its reporttitled, “Ceramic Sanitary Ware Market, 2021-2028”. The marketsize stood at USD 44.17 billion in 2020 and USD 45.24 billion in 2021.
Additionally, the growing trend ofadopting ceramic water closets across urban and rural areas is anticipated to
uptick the market growth in the forthcoming years.
COVID-19 Impact-
The construction sector took a majorhit 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.
Segmentation-
On the basis of product type, themarket 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.
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.
