NEW YORK, Sept. 22, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the Plumbing Fixtures and Fittings Global Market Report 2022 – https://www.reportlinker.com/p06316996/?utm_source=GNW
The global sanitary fittings and fittings market is expected to grow from US$88.16 billion in 2021 to US$93.71 billion in 2022 at a compound annual growth rate (CAGR) of 6.3% . The sanitary fittings and fittings market is expected to grow to US$129.28 billion at a CAGR of 8.4% in 2026.
The Sanitary Fittings and Fittings Market consists of companies (organizations, retailers and partnerships) selling sanitary fittings and fittings, which are essential components of plumbing systems installed in buildings for the appropriate distribution of water for various activities such as drinking and washing and for removing waterborne waste from the building. Plumbing fixtures are products that can be removed from one place to another and installed easily, while plumbing fixtures cannot move after installation and can be damaged with the house, only these products fall under plumbing fixtures.
The main types of plumbing fixtures and fittings are bathtubs, sinks, toilets, showers, faucets and drains. A bathtub is a container that holds water and can be used to wash a human or an animal.
Plumbing fixtures and fittings can be distributed through online or offline channels, which can be used for new construction, repair and remodeling of vitreous china, metal and plastic material in residential, commercial and industrial fields.
Asia Pacific was the largest region in Plumbing Fixtures and Fittings Market in 2021. The regions covered in the Plumbing Fixtures and Fittings market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Sanitary Fittings and Fittings Market Research Report is one of a series of new reports that provide sanitary fittings and fittings market statistics, including global sanitary fittings and fittings industry market size, regional shares, competitors with sanitary fittings and fittings market share, detailed plumbing fixtures Faucets and Fittings market segments, market trends and opportunities and all the other data you might need to succeed in the Sanitary Faucets and Fittings industry. This Plumbing Fixtures and Fittings Market research report provides a complete overview of everything you need with an in-depth analysis of the current and future scenario of the industry.
The increasing focus on wastewater treatment to meet the world’s water needs is driving the market for plumbing fixtures and fittings, which are bought or rented by individuals or businesses. of the world’s population face water scarcity, and in the United States of America, 60% of the population is connected to wastewater treatment and nearly 40% of wastewater is collected and treated for further use.
Population growth, demand for water scarcity and increasing urbanization are all major factors impacting the rise of Plumbing Fixtures and Fittings market.
Technological progress is shaping the market for sanitary fittings and fittings. Large companies in the sanitary fittings and fittings market are moving forward to introducing new technologies and research and development in the sanitary fittings and fittings market.
For example, Prince Pipes and Fittings, an Indian PVC pipe manufacturer and multi-polymer processor, is launching a Prince One for CPVC piping systems with Corzan CPVC technology in August 2021 in collaboration with Lubrizol investors. The new CPVC pipes have heat resistance, UV resistance, flame and smoke pressure, among other new technologies.
In July 2021, North American Pipe Corporation (NAPCO), a US-based pipe and fittings manufacturer, acquired LASCO Fitting Inc. for an undisclosed amount. As a result of this acquisition, NAPCO will strengthen its business and expand its business portfolio and business of working with various types of pipe and fittings using both companies’ technology.
LASCO Fittings Inc is a US-based manufacturer of plumbing pipes and fittings.
The countries covered in the Plumbing Fixtures and Fittings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and the USA.
Read the full report: https://www.reportlinker.com/p06316996/?utm_source=GNW
About report linker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research data you need—instantly and in one place.