Sanitaryware Market to Reach $33 Billion
The ceramic sanitaryware market is predicted to grow from an estimated $22.17 billion in 2011 to $33 billion by 2016, with a CAGR of 8.29% during the same period. According to a recent market research report from MarketsandMarkets, Asia is expected to lead the global ceramic sanitaryware market with share of 43%, followed by Europe (21%) and South America (17.2%) in terms of production by the year 2016.
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