Ceramic Sanitary Ware Market- Growing demand from Southeast Asian countries

Real-Estate
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Ceramic Sanitary Ware Market

The Ceramic Sanitary Ware Market size is estimated to be USD 37.4 billion in 2017 and is anticipated to reach USD 59.2 billion by 2022, at a CAGR of 9.6%.

The market for ceramic sanitary ware is driven majorly by the growth of the real estate sector and the increasing demand for such sanitary ware products in Southeast Asian countries. Rise in disposable income of the middle-class population, increasing hygiene awareness, and rapid urbanization have shaped consumer preferences and expanded the market. Moreover, the shift of manufacturing facilities to the emerging economies has enabled affordable availability in the developing markets of Southeast Asia.

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The emerging economies of Southeast Asian countries are witnessing rapid growth in the infrastructure industry, which has increased the demand for infrastructure projects. Such infrastructure development will play an important role in driving the need for ceramic sanitary ware. The following infrastructure development and construction activities will provide growth opportunities to the market:

Indonesia: It is one of Asia’s biggest and fastest-growing construction market. The government is investing billions in infrastructure projects. Infrastructure and construction is a major part of its economic growth. For instance, the Kertajati Airport project worth approximately USD 200 million will support the demand for ceramic sanitary ware in the country.

Malaysia: The Malaysian construction industry is expected to be supported by the government’s plan to improve its transport network, tourism infrastructure, and increase the volume of renewable projects. For instance, mega projects such as Signature Tower, KL 118, and Bukit Jalil city are accounted to drive the market for ceramic sanitary ware. 

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