Market Trends of Sanitaryware Industry
This section covers the major market trends shaping the Sanitaryware Market according to our research experts:
Ceramic Sanitaryware Products are Dominating the Market
With the increasing customer knowledge and practices of safe sanitation across the world, the demand for sanitaryware products is rising. Owing to the glossy finish offered by the ceramic, along with other properties including resistance to stains, heat, and easy cleaning majority of customers have been choosing them for their sanitaryware. They are also easily available in the market and comes at budget-friendly prices and also easily go with the interiors and bring more elegance to the surroundings making them more suitable for both residential and commercial applications. Owing to these factors the ceramic sanitaryware products are anticipated to continue to dominate the market in the forecast period as well.
Asia-Pacific is Anticipated to Continue to Record more Revenues
Asia-Pacific is the largest sanitaryware products exporter in the world and recorded an increase in its share of world exports from 58% to 62.8%% in 2019 which was a result of exports from China, India, and Vietnam. The exports were largely affected during 2020 due to COVID-19, with the changing situations in the region, the market returned to the growth track in production and exports in 2021. China continued to top the rankings with 1.75 million tons in 2019, up from 768,000 tons in 2009 and achieved 14% growth over 2018 to set a new all-time record. China alone accounted for 79% of Asia and 60.6% of world exports. India with 9% growth over 2018 to 199,000 tons, continued to be the 3rd largest exporter of sanitaryware products in the year preceded by Mexico. This trend is anticipated to continue in the forecast period as well and bring more revenues to the market studied.
