Ceramic material acquired the largest market revenue share in the Pakistan Sanitary Ware market in year 2021 – 6Wresearch
Ceramic material acquired the largest revenue share in 2021 in Pakistan sanitary ware market owing to its dominant application in key revenue generating sectors such as residential and commercial segment since it is durable and has aesthetic appeal. Ceramic sanitary wares used in commercial applications are frequently replaced due to their heavy use. Hence, the demand for ceramic sanitary ware is high in the commercial and hospitality segment as the country expects to see a rise in the number of visitors by nearly 30% until 2030..
In year 2020, due to COVID-19 pandemic led measures, lockdowns and restriction on international trade resulted in a slight slowdown in the sanitary ware market due to supply chain disruption as Pakistan is highly dependent on import for raw materials. However, with upliftment of lockdown restrictions and regulatory measures to revive economic activity, demand for sanitary wares returned to its growth trajectory in final quarter of 2020.
According to 6Wresearch, Pakistan Sanitary Ware Market revenue size is projected to grow at a CAGR of 6.8% during 2022-2028. Pakistan sanitary ware market grew significantly in the period of 2018-2019 on account of rising urbanization in the country reaching 37.1% of the total population in 2020 from 34.9% in 2010 and surging construction sector. According to Ministry of Information and Broadcasting, the federal and provincial governments approved construction projects of $6.1 billion in July 2021. However, during 2020, covid-19 significantly impacted the overall sanitary ware market owing to the lockdown imposed by the government that led to halt in construction of new projects and other economic activities owing to which the market witnessed a considerable decline. The market is expected to register robust growth in the coming years owing to growing infrastructure projects such as Smart City Project in Islamabad to be completed by 2022 and launch of Naya Pakistan Housing Programme which is expected to be completed by 2023.
According to Rishabh Singh Bhandari, Research Analyst, 6Wresearch, “Toilet sink/water closet acquired the largest revenue share in the market owing to its higher price as they are priced three times more than a wash basin along with government objective to increase sanitation facilities across rural and urban areas. The government developed Pakistan Approach to Total Sanitation (PATS) and have allocated $2.97 million for sanitation that would further boost the market growth in the coming years.”
Some of the major companies in Pakistan Sanitary ware market include Porta Ceramic (Group) Co. Ltd., Master Sanitary Fittings Industries Limited, Polo Ceramics Mandahar Mills (Pvt) Limited, Fine Trading Corporation, Sardar and Co, Pool Sanitary Ware Pool Sanitary Ware, Eliteware Trading, Grohe AG, TOTO Ltd., S.Abdulla Home etc
“Pakistan Sanitary ware market report (2022-2028)” report provides an in-depth analysis with 20 figures and 7 tables, covered in 82 pages. The report estimates and forecast the overall Pakistan Sanitary ware market by product type and material. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.