$3.0bn
$XXX.Xm
7,976
1,726
$XXX.Xm
Operators in the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing industry have faced mixed trading conditions over the past few years. The industry's products are mainly used in construction and manufacturing, exposing the industry to volatility in these downstream markets. The COVID-19 pandemic has significantly affected residential and non-residential construction, with economic uncertainty and lengthy lockdown periods reducing demand in these critical downstream industries. As a result, industry revenue is expected to grow at an annualised 1.7% over the five years through 2023-24, to $3.0 billion. This includes an anticipated dip of 1.7% in the current year, largely due to reduced demand from downstream construction markets.
Industry revenue has grown at a CAGR of 1.7 % over the past five years, to reach an estimated $3.0bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
CSR | 280.0 | |
Fletcher Building | 185.0 | |
Bamstone Pty Ltd | 23.6 |
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Industry revenue is measured across several distinct product and services lines, including Glass fibre and glass wool products, Worked monumental or building stone and Ground mineral products. Glass fibre and glass wool products is the largest segment of the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing in Australia.
Reduced construction demand has cut into revenue from monumental or building stone
Industry firms manufacture glass wool insulation products and processed stone products. Other non-metallic mineral products like agricultural or hydrated lime; and natural and synthetic abrasives are also included in the industry.
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ANZSIC 2090 - Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Demand from residential and non-residential building construction suffered during the pandemic. Government stimulus packages, like the HomeBuilder scheme, have helped mitigat...
Learn about an industry's products and services, markets and trends in international trade.
Demand for dimension stone fell in the wake of the COVID-19 pandemic. Lower demand from residential and non-residential building construction during the pandemic contributed ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Victoria and New South Wales host approximately two-thirds of businesses, including key enterprises involved in glass wool manufacturing. Despite New South Wales having more ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry is largely fragmented, with most businesses being small-scale manufacturers. The industry broad product range and import competition make it hard for businesses ...
Learn about the performance of the top companies in the industry.
The Glass Wool, Stone and Non-Metallic Product Manufacturing industry is fragmented. The industry’s smaller manufacturers often specialise in certain product segments due to ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Both residential and non-residential building construction activity has weakened during the pandemic. These markets are key to industry demand, so this has limited the indust...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Industry profitability has been climbing, thanks to stronger export sales. A depreciating Australian dollar has made exports more affordable on the international market, help...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing industry in Australia is $3.0bn in 2024.
There are 1,726 businesses in the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing industry in Australia, which has grown at a CAGR of 4.8 % between 2019 and 2024.
The market size of the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing industry in Australia has been growing at a CAGR of 1.7 % between 2019 and 2024.
Over the next five years, the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing market in Australia are CSR, Fletcher Building and Bamstone Pty Ltd
Worked monumental or building stone and Glass fibre and glass wool products are part of the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing industry.
The company holding the most market share in Australia is CSR.
The level of competition is moderate and increasing in the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing industry in Australia.