Rock solid: Strong growth in construction markets will continue to drive industry demand

IBISWorld’s Mineral Product Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.


Industry Threats & Opportunities

  • Strong growth in downstream building markets will improve industry demand
  • Rapid declines in input prices, particularly the world price of oil, contributed to low profit
  • Rising nonresidential construction will provide growth for the industry

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    Industry Analysis & Industry Trends

    After an unprecedented investment slump in the US housing market, the nonresidential construction downturn and declining manufacturing activity battered the industry. Rebounding investment in housing and commercial building will underpin moderate growth over the next five years. Increasing domestic housing starts, recovering home valuations and rising per capita disposable income will spur consumer spending on home improvements, bolstering demand for industry products...

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    Industry Report - Industry Key Buyers Chapter

    The industry has a low to moderate level of market share concentration, with the four largest operators accounting for 18.0% of industry revenue in 2016. The industry's largest players manufacture a range of building materials and have a national or global presence. During the past five years, major players have been active in both acquisitions and divestitures. As a result, market share concentration has remained fairly stable. Despite the industry's medium level of market share concentration, most industry operators are small businesses that employ fewer than 10 people and operate with a single facility.

    The degree of market share concentration varies across the individual segments of the industry. The..

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    Additional Insights for the Mineral Product Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Mineral Product Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Proximity to key markets
  • Development of new products
  • IBISWorld analysts also discuss how external factors such as Housing starts and Value of private nonresidential construction in the Mineral Product Manufacturing industry impact industry performance..

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    Industry Products

    What is the Mineral Product Manufacturing Industry?

    The Mineral Product Manufacturing industry produces mineral wool insulation (i.e. fiberglass insulation, rock wool and slag wool) from siliceous materials such as glass, rock and slag. The industry also produces nonmetallic mineral products: dry mix concrete, mica products, stucco products and synthetic stones. Additionally, the industry cuts stones for building and calcines nonmetallic minerals.

    Industry Products
    Mineral wool products
    Cut stone and stone products
    Other nonmetallic mineral products
    Ground or treated mineral and earth products
    Industry Activities
    Manufacturing mineral wool thermal and acoustical envelope insulation products for buildings
    Manufacturing mineral wool insulation batts, blankets and rolls (mainly slag wool and fiberglass)
    Manufacturing loose fiber or blown (i.e. loose-fill) mineral wool insulation
    Manufacturing mineral wool thermal and acoustical insulation for industrial equipment and appliances
    Cutting, shaping and finishing of granite, marble, limestone, slate and other stone for construction
    Manufacturing monumental stone
    Manufacturing building stone
    Manufacturing dressed stone (e.g. benchtops and balustrades)
    Crushing, grinding, pulverizing, washing and screening of mined clays, ceramics and other nonmetallic minerals

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Housing starts
  • Value of private nonresidential construction
  • Private spending on home improvements
  • Trade-weighted index
  • World price of crude oil

  • Current Performance
  • Construction market rebounds
  • Trade performs strongly
  • Profit contracts
  • Going green
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction demand continues to build
  • Manufacturers to invest
  • Profit and participation steady
  • Green products and export opportunities
  • Table: Mineral Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Mineral Product Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Home Builders
  • Paint Manufacturing
  • Clay Brick & Product Manufacturing
  • Glass Product Manufacturing
  • Cement Manufacturing
  • Gypsum Product Manufacturing
  • Mining, Oil & Gas Machinery Manufacturing
  • Heating & Air Conditioning Equipment Manufacturing
  • Wire & Cable Manufacturing
  • Commercial Building Construction

  • Key Selling Industries
  • Adhesive Manufacturing
  • Cement Manufacturing
  • Plastic Film, Sheet & Bag Manufacturing
  • Sand & Gravel Mining
  • Stone Mining

  • Products & Services
  • Mineral wool products
  • Other nonmetallic mineral products
  • Ground or treated mineral and earth products
  • Cut stone and stone products
  • Chart: Mineral Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Residential and nonresidential construction
  • Green building
  • Appliance manufacturing
  • Substitutes

  • Major Markets
  • Commercial and institutional building contractors
  • Manufacturers
  • Residential building contractors
  • Chart: Major Market Segmentation for the Mineral Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Mineral Product Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Mineral Product Manufacturing Industry

  • Industry Globalization
    Major Companies
    Johns ManvilleOwens Corning Sales LLC
  • Table: Johns Manville - financial performance
  • Table: Owens Corning Sales LLC - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Mineral Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Mineral Product Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Housing Starts (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
  • Pre-cut pieces of insulation in standard sizes. Batts may have a facing of paper, aluminum foil or plastic, or no facing at all.
  • Calcine
  • To heat a material to a high temperature but below its melting point in drive off volatile matter or to effect changes.
  • Dimension Stone
  • Natural stone that has been quarried, trimmed, cut, drilled or ground to specific sizes or shapes for use in benches, tables, floors, monuments and building construction.
  • Fiberglass
  • Yarns, fabrics, insulation and structural objects made from glass fibers. Fiberglass is resistant to heat and fire.
  • Mineral Wool
  • A broad term used to refer to fiberglass insulation, rock wool and slag wool.
  • Rock Wool
  • A synthetic vitreous fiber insulation made by melting predominantly igneous rock and other inorganic materials, and then physically forming the melt into fibers.
  • Siliceous Material
  • Nonmetallic materials containing silica, such as sand and flint.
  • Slag Wool
  • Man-made material composed primarily of iron ore blast furnace slag.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Mineral Product Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Mineral Product Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Mineral Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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