Increasing urbanization and support from the government in the construction sector are driving the demand for the market.
The Global PVD Faucet Finishes Market is projected to reach USD 19.51 billion in 2027. Growing expenditure on hotel community renovation and an increase in home construction is expected to boost demand for PVD faucet finishes. Another factor fueling the market growth is the rapid growth in urbanization.
The hotel and lodging industries in these areas are supporting the growing number of tourists in developed regions. The expenses of building new hotels and rooms with state-of-the-art technology and classic and unique interior decorations have been stimulated. As a result, demand is expected to increase over the projected timeframe for various types of PVD faucet finish. Increased demand for additional housing rotors, including bathrooms, kitchen toilets, and related equipment, has resulted in a growth in residential construction and is likely to fuel growth in the future.
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Top Companies: Kohler Co., Delta Faucet Company, Moen, Inc., American Faucets & Coatings Corporation, Hansgrohe S.E., California Faucets, Inc., GROHE AG, Jomoo, Arrow, and Roca, among others.
- Key Companies in the market include:
- It is estimated that China, followed by the United States, is the largest market. The greatest demand for faucets was rendered both in terms of volume and revenue by the hotel industry in China. The industry was a major part of the total volume market.
- International multi-chain hotels expand into tier II and tier III cities in China to take advantage of the growth opportunities provided by the growing population of the middle class. In recent times this segment of society has pursued premium accommodation in the region.
- In the United States, the residential homes segment dominated the physical vapor deposition faucets market, which is expected to expand.
- In Germany, the market for physical vapor deposition faucets in the domestic sector is strong. The number of new residences is growing progressively as government support is rising, and finances are readily available.
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Market Segmentation:
Product Color Outlook (Revenue: USD Billion; 2017-2027)
- Chrome
- Gold
- Rose
- Nickel
- Black
Technology Outlook (Revenue: USD Billion; 2017-2027)
- Thermal Evaporation
- Sputtering
- Others
Application Outlook (Revenue: USD Billion; 2017-2027)
- Hotel Use
- Home Use
- Others
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Key questions covered in the global PVD Faucet Finishes market report:
- What is the expected market size of the global PVD Faucet Finishes market during the forecast period?
- What factors are expected to hamper global PVD Faucet Finishes market growth over the forecast period?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global PVD Faucet Finishes market?
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