PORTLAND, Oregon, August 21, 2018 /PRNewswire/ --
A new report published by Allied Market Research, titled, "Sanitary Ware Marketby Product Type (Toilet Sinks/ Water Closets, Wash Basins, Pedestals, and Cisterns) and Material (Ceramics, Pressed Metals, Acrylic Plastics & Perspex, and Others): Global Opportunity Analysis and Industry Forecast, 2018
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Pedestals Segment To Dominate The Industry
The study includes various product types of sanitary ware such as toilet sinks/ water closets, wash basins, pedestals, and cisterns. The toilet sinks/ water closets segment accounted for the largest revenue in 2017, accounting for nearly one-third share. On the other hand, the pedestals segment is expected to reach a dominant position by 2025, growing by 61% in volume.
Ceramic Materials To Rule The Roost
The report is segmented based on material into ceramics, pressed metals, acrylic plastics & Perspex, and others. Ceramic materials accrued the highest revenue of $7.298 billion in 2017, accounting for more than three-quarters of the total market value. However, the demand for acrylic plastics & Perspex is expected to increase gradually through 2025.
Money-making Regions For The Market
The report provides an in-depth analysis of several geographical regions, which include North America, Europe, Asia-Pacific, and South America, Middle East and North Africa (MENA). In 2017, the Asia-Pacific region generated the highest revenue and is expected to maintain its dominance during 2018-2025 by registering growth of more than 50%. It is followed by MENA, which is projected to garner $1,665 billion by 2025.
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Catalysts In The Industry
The report includes profiles of the key companies in the global sanitary ware market, which include Kohler Co., Toto Ltd., Villeroy & Boch, LIXIL Corporation, Roca Sanitario, S.A., and Sanitec Corporation. Leading companies have adopted several strategies including mergers & acquisitions, collaborations, partnerships, and new product launch to maintain their position in the market.
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SOURCE Allied Market Research
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