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Aug. 10, 2021, 12:38 a.m. EDT

Sanitaryware Market Size- Detailed Analysis of Current Industry Figures with Forecasts Growth By 2028

Aug 10, 2021 (Market Insight Reports) -- Selbyville, Delaware According to the research report titled 'GLOBAL Sanitaryware Market 2019-2028', available with Market Study Report LLC, global sanitaryware market is likely to showcase 5.92% CAGR in terms of revenue and 4.99% by volume share through 2028.

Increasing infrastructural development coupled with availability of abundant raw materials are some of the key factors driving the growth of global sanitaryware market. Favorable government initiatives, flourishing e-commerce sector, and innovative product launches are also stimulating the overall industry outlook.

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However, fluctuating prices of raw materials, rising environmental concerns, and strict regulatory scenario may act as a hindering factor to the growth of global sanitaryware market.

From the regional point of view, Asia-Pacific currently holds the largest market share and is likely to showcase similar growth trends in the ensuing years. Factors such as rapid urbanization, increasing construction activities, and growing demand for toilets, sink/water closets, and wash basins are favoring the regional market dynamics.

Surging disposable income, improving cognizance regarding personal hygiene and proliferating hospitality sector are also adding traction to Asia-Pacific sanitaryware industry size.

The prominent companies operating in global sanitaryware market are Duravit AG, Fortune Brands Home & Security Inc., Masco Corporation, Elkay Manufacturing Company, Toto Ltd., Roca Sanitario S.A., Lecico Egypt S.A.E., Laufen Bathrooms AG, Lixil Group Corporation, Kohler Co., The Jaquar Group, HSIL Limited, Geberit AG, CORONA, and Cera Sanitaryware Ltd. among others.

Question & Answer: Global Sanitaryware Market

Question 1: What factors are fueling global sanitaryware market growth?

Answer: Increasing infrastructural development coupled with availability of abundant raw materials are some of the key factors driving the growth of global sanitaryware market.

Question 2: How will global sanitaryware market expand through 2028?

Answer: Global sanitaryware market is likely to showcase 5.92% CAGR in terms of revenue and 4.99% by volume share through 2028.

Question 3: Why are sanitaryware witnessing high popularity in Asia-Pacific?

Answer: Factors such as rapid urbanization, increasing construction activities, and growing demand for toilets, sink/water closets, and wash basins are contributing towards the popularity of sanitaryware in Asia-Pacific.

Question 4: Which companies are profiled in global sanitaryware market report?

Answer: The prominent companies operating in global sanitaryware market are Duravit AG, Fortune Brands Home & Security Inc., Masco Corporation, Elkay Manufacturing Company, Toto Ltd., Roca Sanitario S.A., Lecico Egypt S.A.E., Laufen Bathrooms AG, Lixil Group Corporation, Kohler Co., The Jaquar Group, HSIL Limited, Geberit AG, CORONA, and Cera Sanitaryware Ltd. among others.

Complete Report At: https://www.marketstudyreport.com/reports/global-sanitaryware-market-2019-2028?utm_source=Marketwatch.com&utm_medium=AN

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