Faucet Market to Grow at 8.52% CAGR Driven by Urbanization to 2020
The global faucet market is compelled by many growth factors, one of which is the booming construction industry and growth in commercial construction. Additionally, hotel renovation projects coupled with rapid urbanization is expected to increase the demand for faucets during the forecast period. The analysts forecast global faucet market to grow at a CAGR of 8.52% during the period 2016-2020.
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