The value added of non-metallic mineral products in Australia has shown a relatively steady increase from 2013 to 2023, achieving a year-on-year growth rate of 2.02% in the last year. The compound annual growth rate (CAGR) for the five years leading up to 2023 is 1.98%. By 2028, the industry is expected to grow to AUD 8.74 billion, with a forecasted five-year CAGR of 1.42% and an overall growth rate of 7.29%.
Key trends to monitor include technological advancements in manufacturing processes, sustainability practices, and emerging market demands. Monitoring these factors will be crucial for anticipating changes and making strategic decisions in the non-metallic mineral products sector.
