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Thursday, 7 April 2022

Water Free Urinals Market Size Worth $653.7 Million By 2027 | CAGR: 11.2%

 

Water Free Urinals Market Growth & Trends

The global water free urinals market size is expected to reach USD 653.7 million by 2027, according to a new report by Grand View Research Inc., expanding at a CAGR of 11.2% from 2020 to 2027. Growing consumer awareness regarding importance of water conservation, coupled with rising adoption of green building standards across the world, is expected to drive the market.

Rising demand for offices and retail spaces in countries, such as China, India, and Indonesia, is fueling the growth of the commercial construction industry. Moreover, growing emphasis on reducing the operating costs of offices and retail spaces is projected to drive the demand for waterfree urinals over the forecast period.

Growing demand for ceramics in the automotive and electronics applications is expected to be a key concern for market players. As a result, market players are exploring the potential to use ceramic waste, such as discarded sanitary ware waste and rejected samples, as a source of raw material. Moreover, some of the manufacturers have started using plastic composites to manufacture the urinal bodies.

Manufacturers are actively using bacteria-resistant glaze to maintain the cleanliness and hygiene of the sanitaryware. Furthermore, the use of 3D printing to develop the design prototypes is expected to generate considerable savings in terms of manufacturing cost and time.

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Water Free Urinals Market Report

Water Free Urinals Market Report Highlights

  • The retail application segment is expected to expand at the fastest CAGR of 12.4% in terms of revenue over the forecast period on account of growing product utilization in the commercial retail places, such as malls, big box retail, and independent shops
  • In 2019, membrane trap system in Europe was valued at USD 27.6 million owing to its durability, low maintenance property, and ability to withstand a variety of cleaning chemicals
  • In China, the office application segment accounted for 28.4% share of the overall revenue in 2019 on account of growing installation of waterfree urinals to generate water savings and reduce overall operating costs for the building structure
  • By technology, the valve barrier system in North America is expected to expand at a revenue-based CAGR of 11.1% over the forecast owing to its ease of maintenance and relatively low-cost property
  • Manufacturers are continually engaged in expanding their product portfolio, along with introducing new and advanced technologies and providing superior after sales support that help them gain a higher market position.