Vietnam Sanitary Ware & Bathroom Accessories Market Classification, Opportunities, Types and Applications, Status and Forecast 2021 to 2030 – Taiwan News
The Vietnam sanitary ware & bathroom accessories market size was valued at $419 .0 million in 2017 and is expected to reach $685.2 million by 2025, registering a CAGR of 6.4% from 2018 to 2025.
Sanitary ware and bathroom accessories refers to products used in bathrooms and kitchens. These include wash basins, toilet sinks, pedestals, cisterns, showers, faucets, and other bathroom accessories such as soap holders and towel rings. Traditionally manufactured using porcelain, a ceramic material, is now available in wide variety of materials such as metals, glass, and plastics. However, the ceramic sanitary wares have excellent resistance to chemical attacks, are cost effective, and are able to withstand heavy loads as well
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The file offers market sizing and forecast throughout 5 primary currencies – USD, EUR GBP, JPY, and AUD. It helps corporation leaders make higher choices when foreign money change records are available with ease. In this report, the years 2020 and 2021 are regarded as historic years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2030 are viewed as the forecast period.
Factors such as rise in new home sales, increase in urbanization, growth in disposable income, and improvement in standard of living fuel the demand for sanitary ware & bathroom accessories in the region. In addition, introduction of new technologies such as dual flush, aerators, and smart technologies in faucets and showers are the major factors that augment the growth of the Vietnam sanitary ware & bathroom accessories market. However, stringent government regulations and environmental policies are some of the major factors that might hamper the Vietnam sanitary ware& bathroom accessories market growth.