According to the publisher’s analysis, the global sanitary ware market is likely to display a positive market trend over the forecasting duration from 2022-2028, with a CAGR of 4.01% by revenue and 3.57% by volume.
Factors such as the growth of the construction industry and the rise in infrastructure projects are the primary factors fueling the growth of the market. Also, increased preference for ceramic sanitary ware is another factor fueling the industry growth.
However, stringent regulations pertaining to sanitary ware product manufacturing are majorly affecting the market demand. In addition, the volatility in the prices of raw materials required to make these products are also hampering the growth of the sanitary ware market.
On the bright side, opportunities for manufacturers to expand their business on online platforms, along with infrastructural development in emerging economies, are offering various growth avenues to the market.
Post time: Mar-07-2023