DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/nlrftr/brazil_sanitary) has announced the addition of the "Brazil Sanitary Ware Market Forecast and Opportunities, 2018" report to their offering.
Rising disposable income, growing urge for luxury and booming real estate industry to drive the fate of Brazilian sanitary ware market
According to a recently published report by TechSci Research Brazil Sanitary Ware Market Forecast & Opportunities, 2018 the sanitary ware market in Brazil is expected to witness high growth period during 2013-2018 making it a whooping US$ 1.7 Billion market. The south east and the north eastern regions have the highest contribution in the sales volume of sanitary ware products in Brazil. These regions have the advantage of both the high population as well as economic strength. During last one decade, Brazil has witnessed an unprecedented growth and has emerged as a power house in the Latin America region. It is one of the fastest growing economies in the world and is currently the seventh largest economy which clearly indicates the potential of Brazil.
The investors in Brazil are more inclined towards the commercial projects such as the construction of hotels and resorts. Brazil is set to host two mega sports events 2014 FIFA World Cup and 2016 Summer Olympics and the investment in hospitality sector is quite significant. The growth in the real estate sector has even led to the rise in the demand for sanitary ware products in the last few years, which is quite evident from the fact that the nation which once used to be the net exporter of sanitary ware products has now emerged as an importer of the same product category. The Brazilian government has also announced positive measures to fill the housing deficit gap, which includes the large scale housing projects. The government of Brazil for the second phase of My Home, My Life project has announced to invest USD 44.2 Billion to establish two Million homes by 2014. This would create the significant demand for the sanitary ware products in Brazil said Mr. Karan Chechi, Research Director with TechSci Research a global management consulting firm.
Companies Mentioned:
- Duratex SA
- Eternit S/A
- Fiori Ceramics Ltd.
- Hervy
- Icasa - Indústria Cerâmica Andradense S/A
- Jacuzzi
- Japi S / A Industria e Comercio
- Mondialle
- Roca Brasil
- Tongi S/A - Materiais Refratários
For more information visit http://www.researchandmarkets.com/research/nlrftr/brazil_sanitary
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