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Argentina Sanitary Ware Market Overview, 2028

Argentina Sanitary Ware Market Overview, 2028

Actual Market Research 31-12-2022 75 Pages Figures : 6 Tables : 16 Region : South America Country : Argentina Category : Consumer Goods & Services Household Goods

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The term "sanitary ware" refers to objects used for personal hygiene, such as pedestals, toilet sinks, and wash basins. Porcelain was used in the conventional manufacturing of these items while ceramics include porcelain. However, these days, sanitary wares are made from a variety of materials, including glass, metals, and plastics. In the upcoming years, it is anticipated that the sanitary ware market in Argentina will expand. New conceptual trends and an increase in bathroom boutiques Argentina's bathroom market is growing. Additionally, the market is heavily in favor of customization, with the leading producers focusing on developing cost-effective solutions to satisfy millennia’s expanding demand for customized bathroom accessories. However, one of the main issues that the sanitary ware market in Argentina faces is strict government regulations and environmental policies. According to the research report "Argentina Sanitary Ware Market Overview, 2028," published by Bonafide Research, the market will grow by USD 1.36 Billion in the upcoming period, 2022–2028. The market for sanitary ware in Argentina is divided into segments based on product type, end-use, and distribution channels that are offline and online. The wash basin (vanity basin, pedestal, wall mounted, tabletop, corner, etc.), toilet sink (commodes and cisterns), urinal, bathtub, and other segments make up the Argentina sanitary ware market's product type segment. Public funding for residential, commercial, and infrastructure building supports Argentina's construction industry. Infrastructure construction activities are growing as a result of increased private sector involvement through public-private partnerships (PPPs) and the adoption of a build-operate-transfer (BOT) model. However, due to inflation and rising building costs, investment in the residential sector has decreased. Argentina is now one of the most popular tourist destinations in South America as a result of the booming tourism industry. Large-scale projects are being developed in popular tourist locations due to the high demand for hotel development. Given the abundance of raw materials available, Argentina is expected to have significant demand on the international market, particularly in nations like Chile. Strong economic and policy reforms are fueling the construction industry, which is likely to increase demand for sanitary ware. Additionally, in the building industry, advantageous business policies are assessed to draw private investment. Such changes are anticipated to boost market expansion. According to World Bank data the population of Argentina in 2021, which was 45,808,747 people in 2021 with a gender ratio of 50% men to 50.5% women, is used to segment the market for sanitary wear. The annual growth of the population is 0.9%. Since Argentina's population is growing every year, we can infer that the sanitary market is also expected to increase. The country’s market growth is credited to government initiatives, the growing commercial construction industry, and strong capital investments. Argentina depends on imports from Brazil, Colombia & China for its sanitary ware items. Brazil is Argentina's leading supplier of Sanitary Ware, followed by China. In terms of value, two importers have the largest share in Sanitary Ware Imports namely; Procter & Gamble Argentina Srl and Johnson Y Johnson De Argentina SA. Some of the competitors in this market include Cera Sanitaryware Limited, Laufen Bathrooms AG, Elkay Manufacturing Company, Jaquar Group, Villeroy & Boch AG, Rak Ceramics, Fortune Brands Home & Security Inc, Corona, and Toto Ltd. Companies all around the world are also starting a lot of product advancements, which is propelling the market growth for sanitary ware. Argentina’s sanitary wares are exported to Uruguay and Bolivia, the later being a more important market. Covid19 impact on the sanitary ware Market The sanitary ware market has grown since the COVID-19 crisis because people are more aware of their hygiene and health factor. The health and safety concern due to COVID has given a boost to touchless technology. As a result of the global pandemic, the sanitary ware market witnessed growth in the year 2020. The ceramic sanitary ware market had limited growth and development in the past, too. The total lockdown around Argentina has put a strain on the budget. With the outspreading of the coronavirus, the government has taken multiple initiatives to spread awareness about hygiene and proper sanitation. Every day, demand for sanitary ware is expected to increase and grow in the upcoming years due to rising public awareness. Considered in this report • Geography: Argentina • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Argentina Sanitary Ware market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Toilet Sink (Commodes) and Cistern (Water Closet) • Wash Basins (Vanity Basins, Pedestal, Wall hung, Table top, Corner, etc.) • Urinal • Bathtubs • Others By Technology • Slip casting • Pressure casting • Others By End User • Residential • Commercial By Distribution Channel • Offline • Online The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Sanitary ware industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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