Sanitary Ware Market Sales Estimated to Hit USD 52.5 Billion by 2031; Expansion in the Hospitality Sector Gaining Traction: TMR Study

May 14, 2023

Wilmington, Delaware, United States, May 31, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global sanitary ware market stood at US$ 31.7 Bn in 2022 and is expected to reach US$ 52.5 Bn by 2031, expanding at a CAGR of 5.8% between 2023 and 2031. Rise in preference for opulent sanitary ware in developing countries is driving the demand for these products. Market demand for sanitary ware is anticipated to increase in the near future due to growth of the construction industry.

Online distribution channels are expected to witness an increasing amount of demand for sanitary ware products. Market players are projected to uncover attractive growth prospects as disposable income rises and people's awareness about cleanliness and sanitation increases.

The general public is becoming more interested in high-end and cutting-edge sanitary ware products as a result of higher disposable income and increase in environmental awareness. Manufacturers are providing environmentally-friendly bathroom fixtures to increase market share.

Porcelain is primarily used to make sanitary ware owing to its high chemical resistance and hygienic surface. Sanitary ware items can now be manufactured using alternative materials including plastic, metals, granite, and glass due to advances in science and technology.

Manufacturers of sanitary ware products place a strong emphasis on product innovation and R&D operations to provide specialized solutions to commercial organizations including hospitals, factories, and hotels.

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Market Snapshot:

Key Findings of Market Report

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Global Sanitary Ware Market: Growth Drivers

Global Sanitary Ware Market: Regional Landscape

Global Sanitary Ware Market: Key Players

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Global Sanitary Ware Market: Segmentation

Product Type

Technology

End-use

Distribution Channel

Regions

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