India’s sanitaryware industry expected to grow at a CAGR of 12% till 2017

India’s sanitaryware industry grew at a compound annual growth rate (CAGR) of 18.1% in 2010-14. The industry size is estimated to be around ` 35 billion in 2015 and is expected to grow at a CAGR
of 12% till 2017. The organised market will grow at a higher rate of 14-15% owing to the increasing number of foreign players, rising urbanisation and growing demand for premium range of products