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

In the wake of severe downturns, the construction sector recovered strongly, posting increases in housing starts and nonresidential construction, thereby fueling demand for the products of the Mineral Product Manufacturing industry. 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. Insulation is the main determinant of a building's energy costs and carbon footprint, and as a result, the industry's mineral wool segment has grown with increased demand for high-performance buildings in reaction to rising energy costs and increasing environmental awareness...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies

Industry Threats & Opportunities

  • Strong growth in downstream building markets will improve industry demand
  • Rapid declines in input prices contributed to profit margin suppression
  • Rising nonresidential construction will provide growth for the industry
  • Industry Report - Industry Investment Chapter

    Mineral product manufacturers have a moderate level of capital intensity, on average. Capital expenditures are mainly for buildings, tools, manufacturing machinery, computers and vehicles. Capital intensity varies by industry segment. Cut stone producers rely less on capital than other segments because their work is labor intensive and, generally, not mass produced. At the other end of the spectrum, mineral wool producers manufacture their products along assembly lines and investment in automating machinery can increase the efficiency of their plants while reducing their significant wage costs. Other industry segments lie within this range; they are neither as artisanal as some cut stone producers nor as mechanized as mineral wool manufacturers...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 rebounds
  • Trade performs strongly
  • Subdued profit growth
  • 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

  • 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
  • Cut stone and stone 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
  • 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
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Housing Starts (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • 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. 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

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    IBISWorld’s industry research report on Mineral Product Manufacturing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

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    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

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