The PVD faucet finishes market size in U.S., Germany,
and China is expected to value USD 11.8 billion by 2020, according to a new
report by Grand View Research, Inc., exhibiting a 7.3% CAGR during the forecast
period. Increasing expenditure on renovation by hotel groups and rise in home
constructions are expected to drive demand for PVD faucet finishes. Increasing
urbanization is another factor fueling market growth.
Physical
Vapor Deposition (PVD) refers to the process of bonding a finish to a faucet.
This process is preferred over powder coating, atomic layer deposition, and
electroplating as faucets with PVD finishes offer resistance to scratches, wear
and tear, and corrosion, and enhance durability. Several faucet manufacturing
companies have been using this process in place of conventional electroplating
processes.
North
America and Europe are major travel destinations and the growing number of
visitors is boosted the hotel and lodging industry in these regions. This, in
turn, has fueled expenditure on building new hotels and rooms with advanced
technologies and classic as well as unique interior fixtures. As a result,
demand for different types of PVD faucet finishes is anticipated to be on the
rise over the forecast period.
The
global housing market is also expected to contribute significantly to the U.S.,
China, and Germany market for PVD faucet finishes. Rise in residential
construction has led to demand for additional housing faucets, including
bathroom and kitchen faucets and related fixtures and this is likely to fuel
market growth in the coming years.
Browse full
research report on PVD Faucet Finishes Market: www.grandviewresearch.com/industry-analysis/physical-vapor-deposition-pvd-faucet-finishes-market
Further
Key Findings From the Study Suggest:
- In 2016, China was estimated to be the largest
market, followed by U.S. In China, the highest demand for faucets stemmed
from the hotel industry, in terms of both volume and revenue. The industry
constituted a share of 69.75% of the total market in terms of volume
- International multi-chain hotels are
penetrating into tier-II and tier-III cities in China to capitalize on the
growth potential created by expanding middle class population. This
section of the society has been seeking premium hospitality services in
the country in recent times
- In U.S., the physical vapor deposition
faucet finishes market was dominated by the residential homes segment,
which is expected to increase from 9,302,992 faucets in 2016 to 10,598,304
faucets by 2020
- In Germany, physical vapor deposition faucet
finishes are witnessing high demand in the home-use segment. The number of
newly constructed homes is gradually increasing due to rising government
support and easy availability of finances
- In terms of color variation, chrome faucets was
the largest segment in 2016 and is expected to register a CAGR of 7.7%
from 2017 - 2020
- Key players include Kohler Co.; Hansgrohe SE;
GROHE AG; California Faucets, Inc.; Delta Faucet Company; American Faucets
& Coatings Corporation; and Moen, Inc.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented physical vapor deposition (PVD) faucet
finishes market on the basis of color variation, application, and region.
PVD Faucet
Finishes Color Variation Outlook (Volume, Number of Faucets; Revenue, USD
Million, 2015 - 2020)
- Chrome
- Nickel
- Rose
- Black
- Gold
PVD Faucet
Finishes Application Outlook (Volume, Number of Faucets; Revenue, USD Million,
2015 - 2020)
- Home Use
- Hotel
Use
PVD Faucet
Finishes Country Outlook (Volume, Number of Faucets; Revenue, USD Million, 2015
- 2020)
- U.S.
- Germany
- China
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/physical-vapor-deposition-pvd-faucet-finishes-market-analysis
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
