The Global Sanitary Ware Market to Develop with a CAGR of 4.01% by 2028

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The Global Sanitary Ware Market to Develop with a
CAGR of 4.01 by 2028

• Triton Market Research presents the Global
  Sanitary Ware Market report segmented by
  Application (Residential, Commercial), Sales
  Channels (Retail Distribution, Wholesale
  Distribution), Type (Toilets, Wash Basins,
  Urinals, Cisterns, Other Types), Material
  (Ceramic, Pressed Metal, Acrylic Plastic
  Perspex, Other Materials), and Geography
  (Asia-Pacific, Europe, Latin America, North
  America, Middle East and Africa). It further
  discusses the Market Summary, Industry Outlook,
  Impact of COVID-19, Key Insights, Porters Five
  Forces Analysis, Market Attractiveness Index,
  Vendor Scorecard, Key Market Strategies, Drivers,
  Challenges, Opportunities, Company Profiles,
  Research Methodology Scope, Global Market Size,
  Forecasts Analysis (2022-2028).
• Tritons report puts forth that the global
  sanitary ware market is likely to expand with a
  CAGR of 4.01 in terms of revenue during the
  evaluated period 2022-2028. Whereas, in terms of
  volume, the market is likely to develop with a
  CAGR of 3.57 over the same period.

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t-free-sample With the growth in population and
increased immigration, the demand for housing and
commercial infrastructure has risen
significantly. This is expected to drive the
construction industry. Sanitary ware is largely
used in construction activities. Therefore, the
increase in infrastructure projects is expected
to aid the growth of the sanitary ware market.
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However, the prices of basic raw materials
required to manufacture ceramic tiles are
constantly fluctuating. This acts as a major
challenge for the manufacturers, as it ultimately
increases the production cost and reduces their
profit margin. Therefore, the volatile prices of
raw materials largely restrain the market
growth. The market in the Asia-Pacific is
expected to evolve at the fastest rate over the
estimated period. China is presently the largest
market in the region, accounting for the highest
revenue share. Housing authorities in the country
have launched a number of measures to begin the
construction of low-cost housing units. They are
heavily investing in these projects to
consolidate the construction industry. This will
fuel the demand for sanitary ware as well,
ultimately boosting the market growth in the
region. The major companies profiled in this
market comprise Toto Ltd, Cera Sanitaryware
Limited, Roca Sanitario SA, Duravit AG, Grohe AG,
Laufen Bathrooms AG, Rak Ceramics, Masco
Corporation, Duratex, HSIL Limited, Lixil Group
Corporation, Ideal Standard International,
Villeroy Boch AG, Jaquar Group, Elkay
Manufacturing Company, Geberit AG, Corona,
Fortune Brands Home Security Inc, Lecico Egypt,
and Kohler Co. The high cost of manufacturing
sanitary ware products and the need to comply
with environmental standards are major barriers
for new players that want to enter the market.
This is why only a few players dominate the
global market, which makes it reasonably
fragmented and intense. The bigger players are
increasing their market share via mergers,
acquisitions, and new product development, which
intensifies the rivalry. For instance, UAE-based
ceramic ware manufacturer, RAK Ceramics,
established its new showroom in the United
Kingdom in 2019 to expand its global
footprint. Contact Us sales_at_tritonmarketresearch
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