Global Ceramic Sanitary Ware Market
is expected to reach USD 77.75 Billion by 2024 from USD 37.62 Billion in 2016 at a CAGR of 9.5%. Government initiatives to improve sanitation is the major factor driving the global market. Rising rapid urbanization and increased disposable income will boost the ceramic sanitary ware market. Improved standard of living in the urban regions is also boosting the market. Slow growth in the residential real estate sector may hinder the ceramic sanitary ware market growth.
Wash basins, toilet sinks/water closets, cisterns, urinals and others are type segment of ceramic sanitary ware market. Toilet sinks/water closets holds major share owing to government initiatives to improve sanitation and hygiene in emerging countries for different types of sanitary ware products. Based on technology, ceramic sanitary ware market has been segmented into slip casting, tape casting, pressure casting and isostatic casting. Slip casting is expected to grow at a high CAGR during the forecast period. Commercial segment is leading the market among application segment. Geographically, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia-Pacific is expected to be one of the largest markets for ceramic sanitary ware market during the forecast period. This is due to large infrastructural developments in the Asia Pacific region that is further contribute to the rising demand for ceramic sanitary ware products in this region.
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About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healt..