Global Sanitary Ware Market Overview
The global sanitary ware market is going to grow by XXXX% during the forecast period. This growth can be attributed to increasing awareness about health and hygiene issues worldwide, which will lead to a corresponding rise in demand for sanitary ware. The Asia-Pacific region is poised to assume the largest share of the sanitary ware market from 2016-2022.
This study explores the global bathroom accessories market, outlining trends and discussing its primary driving forces. Key topics in this research include product type, segmentation, value and volume by region, and competition landscape.
The market has been split into three major segments: type, application, and geography. The first segment is by type. This means that the market can be divided into feminine hygiene products, incontinence products, napkins, towels, or any other types of sanitary ware products. The second segment is by application or as it relates to where people use them. For example, the segment could be hospitals/clinics or schools/colleges. The third segment is by geography – for example, North America (United States and Canada), Europe (Germany and U.K.), Asia Pacific (China and Japan). This report only covers those three segments.
The feminine hygiene products industry is expected to account for the largest share in the global sanitary ware market, followed by incontinence products. Napkins are expected to be the fastest-growing type of segment from 2016-2022.
Machines for sanitary applications are estimated to account for the largest share in the global sanitary ware market from 2016 to 2022. Machines used in restaurants and cafes as well as other applications are expected to be the fastest growing application segments over the forecast period.
Global Sanitary Ware Market Forecast 2020-2026
The global sanitary ware industry will be worth an estimated $ XXXX billion in 2020 and is forecast to grow at a rate of XXXX% for the next five years, reaching $ XXXX billion by 2026 This rapid increase in demand is driven by rising awareness about the importance of hygiene and sanitation all around the world.
The Asia-Pacific region is expected to be the fastest growing region during this forecast period because of increased demand in China and India. North America is also expected to see significant growth due to raised awareness about hygiene and sanitation issues in this region.
There are a number of companies that lead the sanitary ware market. Some of them 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).
Sanitary Ware Market Size, Share and Growth
The ceramic sanitary ware market is expected to grow at a CAGR of XXXX% from 2016-2021. The industry is split into two major segments — institutional and domestic. The institutional segment is expected to account for the majority of the total market share during the forecast period.
The market was valued at USD XX million in 2016 and is expected to reach USD XX billion by 2021, growing XXXX% each year during 2016-2021.
Asia-Pacific is the fastest-growing region when it comes to market revenue generation. North America and Europe will be much smaller than other regions in terms of revenue generated.
A variety of factors have driven the growth of the sanitary ware market in recent years, including increased awareness about hygiene and sanitation issues among consumers, an increasing population of older adults, greater disposable income among households, and increased spending on luxury items like home appliances.
Global Sanitary Ware Market Competitive Landscape
The market is expected to reach $XX million by 2025, growing at an annualized rate of XXXX% between the years of 2017 and 2025.
The sanitary ware industry is segmented on the basis of product type, end user, and geography. The pH neutral sanitary ware segment is expected to be the largest during the forecast period. This is due to increased awareness about hygiene among consumers and an increase in demand for these products from commercial buildings. Acid-free sanitary ware is expected to grow at a higher rate than pH neutral, owing to government regulations pertaining to health hazards and stringent safety norms in industrial settings.
Companies in the sanitary ware market are fighting for dominance by offering unique features on their products. One way this is achieved is by having a competitive landscape with intense competition among vendors across all segments. The key players in the sanitary ware market are BASF SE (Germany), Henkel AG (Germany), Reckitt Benckiser Group plc (U.K.), SABMiller Plc (U.K.), Colgate-Palmolive Co., Inc. (U.S.), Unilever N.V./Ireland/UK (Netherlands), Danone SA (France), Pern od Ricard SA (France) and The Procter & Gamble Company (U.S.).
Conclusion Global Sanitary Ware Market
The market is projected to grow at a CAGR of XXXX% during 2020-2026. This growth is at least partly due to the increased awareness of people’s personal health and their need for sanitation facilities that help protect it. The Asia Pacific region will see the fastest growth among all regions in the sanitary ware market during this period, followed closely by North America and Europe.