In a recent published report, Kenneth Research has updated the market report for Global Ceramic Sanitary Ware Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Ceramic Sanitary Ware Market products.
REPORT HIGHLIGHT
The ceramic sanitary ware market was valued at USD 37.02 billion by 2017, growing with 9.83% CAGR during the forecast period, 2018-2025
Market Dynamics
Global ceramic sanitary ware are products that are a part of the plumbing set up. These are part of the washroom or bathroom set up. Sanitary ware is intentionally made of materials that are easy to clean and durable in nature. The purpose of it is to promote hygiene in places such as bathrooms and washrooms. Ceramic material is resistant to corrosion, abrasion and is available in a variety of colours, therefore making it the ideal choice for sanitary ware product manufacture. It has a glossy surface and can be made of alternatives such as steel or fiber.
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The key driver for this industry remains the growth of commercial and residential setups that invariable need sanitary ware products. Rise in institutions such as malls, hospitals and hotels results in the growth of this industry. Countries are promoting personal hygiene by giving access to public toilets thus a rise in the public sanitary ware market is expected. A restraining factor that could be attributed to the industry is that once fixed it cannot be replaced unless renovation procedures are carried out. Another factor involves the emission of waste into the air, wastewater and solid waste that could pose environmental concerns. Hence, newer technologies may be developed in the future that could limit this challenges.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Product Takeaway
Product categorization wise, this industry can be easily segmented into wash basins, water closets, cisterns, bidets etc. Some of the other attachments that could also be a part of this product categorization include shower plates, bidets, and furniture accessories for luxury bathrooms. A sizable portion of the sanitary ware industry is used for the manufacture of toilet-based products for the ceramic sanitary ware industry. Sub categorization of these products includes wall mounted, wall hung, and two-piece. An increase in demand for chic sanitary ware products has increased the demand for products such as bathtubs and shower plates. An increase in bathroom re-modelling and renovations will definitely result in the consistent growth of the global sanitary ware industry.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Technology Takeaway
Technology wise, the products can be further categorized into slip casting and pressure casting. In terms of market share, slip casting helps the maximum market share. Slip casting is expected to grow steadily over the forecasted period.
End USE Takeaway
When it comes to the sanitary ware market, the two major end use category is residential and commercial. With a rise in hygiene practices promoted by government bodies of emerging developing countries, the public toilet set ups are one of the key areas where the product is used. Besides these, the most common applications that are found are hotels and hospitals where the quality and standard is both important and non-negotiable.
Regional Takeaway
The Asia Pacific is one of the region that is largest in terms of revenue generation. Government bodies promoting hygiene practice resulting in a higher demand for these products. Therefore, developing countries are expected to witness significant growth with respect to the global ceramic sanitary ware market. Countries such as China, Turkey, and Brazil are also considered to be the key leaders in this industry. India and Thailand are forecasted to gain further traction owing to the population and overall product demand. European markets are anticipated to emerge as one of the key players in the industry in future.
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Key Vendor Takeaway
Key market players when it comes to the ceramic sanitary ware market are Jaquar, Duravit AG, Roca Sanitario, RAK Ceramics, S.A. Lixil Corporation, Sanitec Corporation, Kohler Company, Villeroy & Boch AG, H&J Johnson, and TOTO Limited. Key companies are actively engaged in developing new designed cost-effective products to increase their customer base.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
BY PRODUCT TYPE
Wash Basins
Half Pedestal
Table-Top
Pedestal
Wall Hung
Others
Water Closets
One-Piece
Two-Piece
Wall Mounted
European Water Closets
Cisterns
High Level Cistern
Low Level Cistern
Close Coupled Cistern
Bidets
Rim-Supply Bidet
Over-Rim-Supply Bidet
Others
BY TECHNOLOGY
Pressure Casting
Isostatic Pressing
Slip Casting
Tape Casting
BY END USE
Commercial
Residential
MARKET, BY REGION
North America
U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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