INDIA CERAMIC SANITARYWARE MARKET ANALYSIS

India Ceramic Sanitaryware MarketSize and Trends

The India Ceramic Sanitaryware market is estimated to account for 3,824.0 Mn in terms of value by the end of 2022 a CAGR of 11. 90 %  in terms of revenue, over the forecast period (2023 to 2030) to reach 10,635.3 Mn by 2030. Other materials like steel, fibre, etc. are not significantly replacing sanitary ware in the market owing to  its superior qualities, such as its resistance to abrasion, corrosion, and glassy surface, as well as its beautiful color options. Ceramic is a good option since it is affordable, simple to maintain, and has a wide range of colors. Sanitary products are a wise commercial choice.

Market Trends 

• Rising demand from the residential and commercial sector

Expansion of production capacity by major manufacturers in order to cater to rising demand from the residential and commercial sectors is expected to gain traction in the market. For instance, in May 2017, Tile maker Somany Ceramics is looking beyond its mainstream business and is expanding its sanitaryware portfolio, with an objective to make pan India presence by next year. The company, which had a turnover of US$ 29.99 ast year, expects the sanitaryware segment to contribute about Rs. 400 crore in the overall revenue in the next three to four years.

By end use, the India Ceramic Sanitaryware Market is categorized into residential and commercial. Residential segment held the largest market share in 2022 and is further projected to grow at the highest CAGR during the forecast period owing to rising ceramic sanitaryware wide use in homes and other residential sectors. Moreover, the increase in the demand for modern and visually pleasing bathroom products, practically ceramic sanitaryware, is the result of growing urbanization and rising disposable incomes. In addition, the market for ceramic sanitaryware in the residential sector is being driven by the trend of renovating and upgrading bathrooms with smart and energy-efficient products.

Figure 1. India Ceramic Sanitaryware Market, By End use, 2022

Figure 2. India Ceramic Sanitaryware Market, By India, 2022