GLOBAL SANITARY WARE MARKET 2022-2028
MARKET OUTLOOK
According to Triton’s analysis, the global sanitary ware market is likely to display a positive market trend over the forecasting duration from 2022-2028, with a CAGR of 4.01% by revenue and 3.57% by volume.
Factors such as the growth of the construction industry and the rise in infrastructure projects are the primary factors fueling the growth of the market. Also, increased preference for ceramic sanitary ware is another factor fueling the industry growth.
However, stringent regulations pertaining to sanitary ware product manufacturing are majorly affecting the market demand. In addition, the volatility in the prices of raw materials required to make these products are also hampering the growth of the sanitary ware market.
On the bright side, opportunities for manufacturers to expand their business on online platforms, along with infrastructural development in emerging economies, are offering various growth avenues to the market.
REGIONAL OUTLOOK
The global market for sanitary ware spans across the regions Latin America, North America, the Middle East and Africa, Europe, and the Asia-Pacific.
The Asia-Pacific presently leads the global market, accounting for the largest share. Moreover, it is expected to grow the fastest, compared to other regions, over the evaluated period. The rise in demand for sanitary ware products, such as washbasins, sinks, water closets, and toilets, along with the growth of the construction sector, is the primary factor raising the demand for sanitary ware. Also, factors such as the growing disposable incomes, a surge in concerns regarding personal hygiene, and the development of the hospitality industry, are contributing to the sanitary ware market’s growth in the region.
COMPETITIVE OUTLOOK
Companies contending in the sanitary ware market are Kohler Co, Corona, Villeroy & Boch AG, Grohe AG, Rak Ceramics, Ideal Standard International, Lixil Group Corporation, Cera Sanitaryware Limited, Masco Corporation, and Geberit AG, Jaquar Group, Lecico Egypt, Fortune Brands Home & Security Inc, Duravit AG, Roca Sanitario SA, Toto Ltd, Laufen Bathrooms AG, Duratex, Elkay Manufacturing Company, and HSIL Limited.
Roca Sanitario SA is a renowned player in the sanitary ware industry that manufactures bathroom products. The company was founded in 1917, and boasts decades of experience. It offers basin & unit solutions, bathtubs, bathroom accessories, kitchen sinks, shower columns, cabins, trays & screens, faucets, spas, and ecological tiles. Roca Sanitario is a global brand, with a business presence in more than 170 countries. It also has 78 production plants.
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