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Mineral Product Manufacturing in the US - Industry Market Research Report

  • August 2017
  • 41 pages
  • Ibisworld
Report ID: 198743

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

Abstract

Mineral Product Manufacturing in the US

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.

Over the five years to 2022, strong growth in construction markets will continue to drive demand for the industry’s main products. Demand from manufacturers across the range of industries that purchase nonmetallic mineral products as inputs is also projected to rise.

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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