Global Sanitary Ware Market Overview
The global sanitary ware market is expected to grow rapidly at a compound annual growth rate (CAGR) of XXXX% during 2016-2022. This increase in demand can be attributed to the increased awareness of health and hygiene issues among people, who are driving this industry’s growth. Asia-Pacific currently accounts for the largest share of the global sanitary ware market; however, expect this geographical region to expand by a smaller amount than other regions.
In this report, you’ll find an overview of the global sanitary ware market and the trends that are driving it. Learn about the definitions and product segments, along with its size and forecast in regions. It also includes a discussion on recent trends.
The sanitary ware market has been segmented into four major types: feminine hygiene products, incontinence products, napkins, and towels. These segments are split into two main areas: applications such as hospitals/clinics or schools/colleges, and geographically it looks at North America (U.S., Canada), Europe (Germany, U.K., France), Asia Pacific (China, Japan), Latin America (Brazil), Middle East and Africa (Saudi Arabia), and Rest of World.
If you’re looking for feminine hygiene products, they’re the most popular and make up the largest share of the global sanitary ware market. Napkins are the fastest growing type, and are estimated to account for XX% of the global market by 2022.
After examining the application market, it’s estimated that hospitals and clinics account for the largest share in the global sanitary ware market. Restaurants and cafes are expected to see a growth in demand during 2016-2022.
Global Sanitary Ware Market Forecast 2020-2026
The ceramic sanitary ware market is projected to grow at a compound annual growth rate of XXXX% from 2020-2026. This signifies the increasing awareness about hygiene and the need for sanitation in various parts of the world.
A recent study found that the Asia-Pacific region will be the fastest growing region during the forecast period. This is largely due to the increasing need for sanitary ware in countries such as China and India. North America is also expected to experience significant growth, driven by increased awareness about sanitation and hygiene issues in this region.
The key players in the global sanitary ware market are BASF SE (Germany), Clorox Company (U.S.), Henkel AG & Co KGaA (Germany), IKEA Group (Sweden), Kimberly-Clark Corporation (U.S.), Procter & Gamble Company (U.S.) and Unilever NV (Netherlands).
Global Sanitary Ware Market Size, Share and Growth
The sanitary ware industry is expected to grow at an annualized rate of XXXX% during 2016-2021. The two major segments of the sanitary ware market institutional and domestic are projected to respectively account for XXXX% and XXXX% of the total market shares during the forecast period from 2016-2020.
The market is currently valued at $XXXX and is projected to reach $XXXX billion by 2021, with a compound annual growth rate of XXXX% during the period 2016-2021.The Asia-Pacific region is going to dominate the global ad spending market with a revenue share during this time. Europe will be second, and North America will be third.
The increasing awareness of hygiene and sanitation issues, the rising geriatric population, the increase in disposable income among households, and the increasing spending on luxury goods such as home appliances are all key factors driving the growth of the sanitary ware market.
Global Sanitary Ware Market Competitive Landscape
The global sanitary ware industry is expected to reach $XX million by 2025, growing at a CAGR of XX% between 2017 and 2025.The sanitary ware market can be segmented by product type, end-user, and geography. The pH neutral sanitary ware segment will make up the largest of the three segments over the forecast period. This is due to several factors, including increased awareness about hygiene among consumers and increased demand for these items from commercial buildings. The acid-free sanitary ware segment is expected to grow at a higher rate than the pH neutral section thanks to plenty of factors, including regulation that pertains to environmental health hazards and safety regulations in industrial settings.
The competitive landscape in the market has been characterized by intense competition among vendors. As a result, companies are now focusing on differentiating their products by adding unique features that will drive customer preference. Some of the key players in the global sanitary ware markets are BASF SE (Germany), Henkel AG (Germany), Reckitt Benckiser Group plc (U.K.), SABMiller Plc (U.K.), Colgate-Palmolive Co., Inc. (US), Unilever N.V./Ireland/UK (Netherlands), Danone SA (France), Pernod Ricard SA (France) and The Procter & Gamble Company, which operates primarily in North America and Asia Pacific regions, but also has limited operations in Europe and other parts of the world
Conclusion Global Sanitary Ware Market
The market is expected to grow at a CAGR of XXXX% during 2020-2026, according to a new report by Grand View Research. The growing health consciousness of people and the rising need for better sanitation facilities will be two key drivers in this growth. Also, the Asia Pacific region is expected to experience the fastest growth in the sanitary ware market while North America and Europe will follow closely behind.
