Plumbing Fixtures and Fittings Market is expected to show significant growth by 2022

(IT-NEWSWIRE.COM, October 12, 2017 ) One of the key drivers for the growth of Plumbing Fixtures & Fittings Market is the increasing consumer interest for high value products. Demand for plumbing fixtures and fittings are projected to be boosted by the strong consumer interest in bathroom and kitchen renovation projects. Efforts for reducing water consumption is leading the house and business owners to replace old, less-efficient fixtures and fittings with new models that require less water, which further drives the growth of the market. The growing awareness of water scarcity will drive the environmentally conscious consumers towards replacing the traditional plumbing equipment with the new and advanced plumbing fixtures and fittings for saving water. Renovation in terms of shifting to new decorative Plumbing Fixtures and Fittings from older Fixtures and Fittings is being done extensively by hotels and restaurants for impressing visitors and guests by improving aesthetics and boosting the property values.

The report has been analyzed based on the materials, applications and regions. On the basis of materials, the vitreous china segment is expected to contribute the largest market share as vitreous china is the most cost-effective material for domestic fixtures such as toilet bowls and washbasins. Plastic Plumbing Fixtures & Fittings, made from a wide range of polymers such as fiberglass, cast polymer, and acrylic are also expected to grow significantly as they are tough and portable.

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Market Highlights:

The Global Plumbing Fixtures & Fittings Market is majorly driven by the growth in construction activity and efforts undertaken by the consumers to replace old and less-efficient valves and showerheads with newer models that use less water. The adoption of new Plumbing Fixtures and Fittings ensures savings on water bills. Advanced features such as sensor-operated touch less control increase convenience and improves hygiene for users. Rapid urbanization and the smart city initiatives majorly drive the growth of the Plumbing Fixtures & Fittings Market in developing nations.

Market Research Analysis:

Among all materials, vitreous china is expected to grow the highest as it is the most common and the most economical material for domestic fixtures such as toilet bowls, urinals, and washbasins. Properties of vitreous china such as resistance to spills and staining make it fit for use even in the wet bathroom conditions, driving modern manufacturers towards their use. It can be used on larger stand-alone tubs and kitchen fixtures.

Asia-Pacific region is expected to observe healthy growth during the forecast period. The market in Asia-Pacific is projected to be the fastest-growing market with the increase in population and rising income that accelerates the per capita spending on construction. The Plumbing Fixtures and Fittings Market in countries such as China and India are projected to be profitable during the forecast period, owing to the rising middle-class population and the overall rise in consumer spending on plumbing products.

Scope of the Report:

This study provides an overview of the Global Plumbing Fixtures & Fittings Market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Plumbing fixtures & fittings market by its material, product and region.

By Material

• Vitreous China

• Metal

• Plastic

By Product

• Bathroom fixtures & fittings

• Kitchen and Sink fixtures & fittings

• Toilet fixtures & fittings

By Region

• North America

• Asia-Pacific

• Europe

• Rest of the World

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Plumbing Fixtures and Fittings Market is expected to show significant growth by 2022