Demand for home fragrances has witnessed a steady growth over the past few years and expected to display a similar trend in the coming years as well. Asia Pacific expected to display a faster growth rate compared to the other regions for home fragrances, with China, India and Japan displaying promising growth during the forecast period. High population growth is a key reason for the growth of this market in Asia pacific.
Bath and Shower products market is projected to grow at the CAGR of 3.9% during the forecast period from 2018 to 2026. This industry is mainly driven by consumer trends and consequent innovations brought in by manufacturers. Innovative marketing strategies introduced by manufacturers that harness the potential of product reviews and word of mouth have had a significant driving impact on the growth of this market.
Globally, the water sink market is expected to grow with a CAGR of 2.5% during the forecast period from 2019 to 2027, starting from US$ 41.60 Bn in 2018. Water sinks or skinner, washbasin or hand basin are designed for wash hand and another purpose. They have different size and shape with attached taps to supply the water. The water skins are commonly used stainless steel, plastic, concrete and marble materials in the manufacturing. The rapidly growing demand for water skins in the commercial sector drives the growth of water sink market worldwide.
The global printing transfer paper market worldwide was valued at US$ 9,815.0 Mn in 2017 and is set to cross US$ 13,500.0 Mn by 2026, growing with a CAGR of 4.0% during the forecast from 2018 to 2026. Printing transfer paper market is heavily dependent upon customized apparels and accessories industry. The custom apparel printing industry has observed a significant growth in the last 4 years after economic slowdown in 2012/13.
The global candles market accounted for US$ 8,426.31 Mn in 2018 and is anticipated to grow to US$ 13,031.03 Mn growing at a CAGR of 5.5% throughout the forecast period from 2019 to 2027. Consumers are increasingly purchasing candles for their home decor, and for aromatherapy-like stress reduction and relaxation. The ease of purchase, as well as the availability of various type of candles on multiple distribution channels, is prompting more and more people to purchase these products.