Market Research Report
Latin America Sanitary Ware Market Forecast 2019-2028
|Published by||Inkwood Research||Product code||952513|
|Published||Content info||112 Pages
Delivery time: 2-3 business days
|Latin America Sanitary Ware Market Forecast 2019-2028|
|Published: August 3, 2020||Content info: 112 Pages||
The Latin America sanitary ware market is estimated to project a CAGR of 3.56% in terms of volume. In terms of revenue, the market is anticipated to record a CAGR of 3.83%. The evolving tourism is one of the key drivers of market growth in the region.
The Latin America sanitary ware market growth evaluation entails the analysis of Brazil, Argentina, and the rest of Latin America. The construction industry in Argentina is supported by public investment in infrastructural, commercial, and residential construction. The private sector participation through public-private partnerships (PPPs) and the adoption of a build-operate-transfer (BOT) model contribute to increasing infrastructure construction activities. However, the investment in the residential sector has decreased due to inflation and rising prices of construction. At the same time, tourism is thriving, making Argentina one of the top tourist destinations in Latin America. There is a huge demand for hotel development, with large projects coming up in main tourist destinations.
With ample availability of raw material, the Latin American region is set to witness considerable demand in the global market, particularly in countries like Chile. The construction activities are booming due to robust economic and policy reforms, which is further expected to drive the demand for ceramic tiles. Also, favorable business policies are evaluated to attract private investment, with regard to the construction industry. Such developments are projected to augment market growth.
Some of the renowned companies in the market include, Corona, Jaquar Group, Kohler Co, Geberit AG, Lixil Group Corporation, etc.