Carved in stone: Strong growth in construction markets will continue to drive industry demand

The Mineral Product Manufacturing industry's main products are mineral wool insulation (i.e. fiberglass, rock wool and slag wool) and cut stones that are used in building construction. Therefore, industry performance is mainly linked to activity in residential and nonresidential construction. As the overall economy grew, the construction sector experienced strong growth, posting increases in housing starts and nonresidential construction, thereby fueling demand for industry products. Mineral product manufacturers produce the most widely used building insulation materials in the world and so have benefited from the construction industry's increasing focus on green buildings and energy efficiency...purchase to read more.

Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 13-18
1.2%
Forecast Growth 18-23
Profit
Employment
66,818
Businesses
3,005
Market Share of Companies

Industry Threats & Opportunities

  • Strong growth in downstream building markets will improve industry demand
  • Declines in input prices, particularly the world price of oil, contributed to profit margin growth
  • Rising nonresidential construction will provide growth for the industry
  • 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 15.6% of industry revenue in 2018. The industry's largest players manufacture a range of building materials and have a national or global presence. Over the past five years, major players have been active in both acquisitions and divestitures. As a result, market share concentration has grown. 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. Cut...purchase to read more.

    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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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 growth
  • Opportunity through trade
  • Profit growth
  • Going green
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction demand continues to build
  • Manufacturers to invest
  • Profit and participation
  • 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

  • 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
  • Cut stone and stone products
  • Other nonmetallic mineral products
  • Ground or treated mineral and earth 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
  • Exports
  • Chart: Major Market Segmentation for the Mineral Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    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
    Owens Corning,
  • Table: Owens Corning - financial performance

  • 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
    Table: Industry Data for the Mineral Product Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Housing Starts (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Batts
  • Precut 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. 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 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Mineral Product Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Mineral Product Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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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