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 of adopting ceramic water closetsacross urban and rural areas is anticipated to uptick the market growth in the
forthcoming years.
COVID-19 Impact-
The construction sector took a major hit from the coronaviruspandemic. 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.
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Segmentation-
On the basis of product type, the market is segmented intourinals, 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.
