The ceramic sanitary ware market is estimated to be USD 37.42 billion in 2017 and is projected to reach USD 59.17 billion by 2022, at a CAGR of 9.6% from 2017 to 2022. The growing demand for sanitary ware products and increasing hygiene concerns are factors driving the growth of the ceramic sanitary ware market.
In addition, increasing population, rising disposable income, changing lifestyle patterns, and increasing residential construction activities are further contributing to the high demand for ceramic sanitary ware.
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The ceramic sanitary ware market has been segmented on the basis of type, application, technology, and region. Based on type, the market has been classified into five segments, namely, wash basins, toilets sinks/water closets, urinals, cisterns, and others (bathtubs and bidets). The toilet sinks/water closets segment is projected to grow at the highest CAGR during the forecast period both, in terms of value and volume. This growth is mainly attributed to the basic sanitation requirements of consumers in emerging economies worldwide.
On the basis of application, the ceramic sanitary ware market has been classified into commercial and residential. The residential segment is projected to be the fastest-growing application segment of the ceramic sanitary ware market during the forecast period. This growth is mainly driven by rapid urbanization and expansion of the real estate sector in varied regions worldwide.
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The Middle East & Africa is estimated to be the fastest-growing market for ceramic sanitary ware during the forecast period. High economic growth of countries in the Middle East & Africa and increased investments in the real estate sector are anticipated to drive the demand for ceramic sanitary ware in this region. Furthermore, the ceramic sanitary ware market is the Asia-Pacific region is projected to witness significant growth, owing to the upcoming infrastructure projects in this region.
On the basis of technology, the ceramic sanitary ware market has been classified into four major categories, namely, slip casting, pressure casting, tape casting, and isostatic casting. Slip casting is the largest technology segment of the ceramic sanitary ware market, owing to factors such as low capital investments, homogenous production, and adaptability to complex designs.
