Ceramic Sink Market Revenue Drivers, Pricing Trends, Regional Outlook & Forecast, 2023
Growing inclination toward contemporary home aesthetics is driving demand for innovation in ceramic sinks. Apart from aesthetics, the market is driven by the fact that these fixtures are easier to maintain, especially in regions prone to dust as the particles are clearly visible on such surfaces.
(firmenpresse) - The global ceramic sink market is expected to witness a major overhaul in the years to come. Sinks are one of the most fundamental fixtures and range from classic to modern based on evolving aesthetics. While these fixtures come in a host of materials, ceramic variants are preferred due to their conventional look, easy maintenance and superior quality. Growing inclination toward contemporary home aesthetics is driving demand for innovation in ceramic sinks.
Apart from aesthetics, the market is driven by the fact that these fixtures are easier to maintain, especially in regions prone to dust as the particles are clearly visible on such surfaces. However, build-up of bacteria in the sink can act as a major hindrance to market growth. Water accumulated on the countertop end up housing bacteria and dirt, which, when ignored, can form mold. Nevertheless, regular disinfection can address this problem, with a solution of vinegar or lemon juice proving to be quite effective.
The ceramic sink market is segmented by design, method of installation, and geography. Major product designs include single bowl, double bowl, and one+half bowl. According to method of installation, the market comprises undermount, Belfast, and inset. By geography, the market is segmented into Europe (Russia, Germany, France, U.K., and others), North America (Canada, U.S., and others), Latin America (Argentina, Brazil, and others), MEA (Saudi Arabia, South Africa, and others), and Asia Pacific (Australia, India, Japan, China, and others).
Asia Pacific holds the largest market share, which could be credited to majority manufacturers being headquartered in Japan. Another driving factor is the emergence of smart cities in economies like India. Increased spending on beautification of homes as well as workplaces is a prominent trend in these countries, fueled primarily by rising disposable income. North America and Europe have already attained saturation in this regard.
Key players in the ceramic sink market include LIXIL Corporation; Toto Ltd.; BLANCO GmbH + Co KG; and Kohler Co., Inc. Product innovation has been a go-to strategy in this arena. For instance, in October 2016, LIXIL came up with AQUA CERAMIC. This technology simplifies toilet scrubbing, making limescale a thing of the past.
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Datum: 24.06.2020 - 11:19 Uhr
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