Government Initiatives to Improve Sanitation Help Propel Global Sanitaryware Market
Biotoilets are increasingly being adopted by governments of countries such as India, Kenya, and South Africa to improve sanitation facilities in rural areas.
The global ceramic sanitaryware market is projected to grow at a CAGR of 7.8% from 2018-2022, according to a report available from Research and Markets. Due to several benefits, biotoilets are increasingly being adopted by governments of countries such as India, Kenya, and South Africa to improve sanitation facilities in rural areas. Homeowners are also expected to adopt biotoilets in the future to reduce toilet maintenance costs. The adoption of biotoilets will therefore represent a key trend driving market growth during the forecast period.
According to the report, another major driver for the sanitaryware market is the increasing expenditure on bathroom remodeling in both developing and emerging economies. The average expenditure cost on bathrooms in emerging economies such as India is expected to increase during the forecast period. Bathroom remodeling projects will also become popular in developed regions such as the Americas and Europe.
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