/PRNewswire/ The global faucet market is expected to reach USD 36.7 billion by 2030 and expand at a CAGR of 7.4% from 2022 to 2030, according to a new.
Faucet Market Industry Definition and Application:
A faucet is a plumbing fixture that regulates the flow of liquid from a pipe or opening or closing a tap. It is made with brass, die-cast zinc, steel, and chrome-plated plastic. Nowadays, a faucet is available in different colors, styles and finishing that can be customized according to user requirements.
Note: We are regularly tracking the direct effect of
COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Faucet Market Trends and Drivers:
The construction of modernized bathrooms primarily drives the global faucet market. Due to this, several manufacturers are focusing on developing advanced technology-driven plumbing fixtures. For instance, they are introducing digital and hybrid faucets that are smart, touch-free. and designed with scratch and tarnish-resistant surfaces. With the inflating income levels and improving living standards, con
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