Mineral Product Manufacturing in the US - Industry Market Research Report

Rock solid: The dollar is forecast to depreciate, increasing exports and benefiting the industry

Mineral product manufacturers refine mineral wool used for insulation, cut stone products, ground or treated mineral and earth and other nonmetallic mineral products such as built-up mica, stucco and dry-mix concrete. Operators benefited during the current period from high wages and low unemployment, as it caused aggregate private investment to increase. Higher private investment enabled companies to spend more on nonresidential construction, boosting downstream demand for the industry. Private investment fell during the COVID-19 pandemic, which caused revenue to decline in 2020. Manufacturers still benefited from low-interest rates during the pandemic, as it raised spending from residential markets. Rates have risen in recent years, as the Federal Reserve has been combatting inflation, causing demand for housing to fall and reducing a revenue stream for operators. The appreciating US dollar has also constrained exports, creating more challenges for manufacturers. 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 such as dry mix concrete, mica products, stucco products and synthetic stones. Manufacturers also cut 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.