Mineral Product Manufacturing in the US
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. Over the five years to 2018, industry revenue is expected to increase. Industry revenue is anticipated to grow over the five years to 2023. Strong growth in construction markets will continue to drive demand for the industry's main products.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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