Market Size of Asia-Pacific Ceramic Sanitary Ware Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | < 9.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Ceramic Sanitary Ware Market Analysis
The Ceramics sanitaryware market in the Asia Pacific is anticipated to witness strong growth in the forecast period owing to the rising disposable income of people, expansion of infrastructure industries and increased manufacturing of ceramic sanitary ware products.
Countries such as China, Japan, India, and Thailand are also witnessing growing awareness about personal hygiene which is further fuelling the demand for sanitary ware products. China is one of the leading ceramic sanitary ware markets at the country level in the Asia Pacific.
Various government initiatives are also being introduced in countries like India to increase awareness about sanitation. India is one of the key countries which observed significant growth in its sanitary ware industry. The demand was largely triggered by initiatives such as the Swachh Bharat Abhiyan which is a government-sponsored scheme to make India defecation free by 2019. As of January 2019, nearly 90 million toilets were constructed across the country. This drive towards sanitation by emerging countries such as India is likely to positively influence the demand for ceramics in the production of sanitary wares.
Consumers are also increasing their expenditure on bathroom remodeling in the developing economies. The average expenditure cost on bathrooms in emerging economies such as India is also expected to increase during the forecast period which will further boost the demand for ceramics sanitaryware products.