Market Trends of Ceramic Sanitary Ware Industry
This section covers the major market trends shaping the Ceramic Sanitary Ware Market according to our research experts:
Residential Segment Dominates the Ceramic Sanitary Ware Market
The residential category is witnessing increased growth for ceramic sanitaryware products and the segment is expected to grow further in the forecast period. The consumption of ceramic sanitary ware products is higher in urban areas when compared to rural areas. Some of the key emerging economies like China and India are witnessing a significant demand for ceramic sanitary ware products due to an increase in residential construction activities.
Furthermore, the usage of ceramic sanitary ware products will continue to grow in the residential segment owing to the increasing real estate industry, which is influenced by technological advancements; and demographic shifts such as rapid urbanizations and changing lifestyles of millennials.
A lot of increased residential construction activity is being observed majorly in countries like China, Indonesia, Thailand, and India due to high growth in the real estate market. These factors are likely to fuel the growth of ceramic sanitaryware products in the residential segment.
North America Accounts for a Major Percentage of the Market Share
In North America, countries such as the US and Canada are showing an increased demand for ceramic sanitaryware products driven by factors such as increasing per capita income of the population and increasing consumer preference for superior interior designs in countries in the region. The North American ceramic sanitary ware market is expected to witness prominent growth over the forecast period as the market is expected to witness increased demand for sanitary products across institutional and commercial sectors coupled with proactive initiatives by the government and the ruling authorities to provide affordable ceramic sanitary ware.
