$29.5bn
$X.Xbn
69,159
2,535
$X.Xbn
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. Manufacturers benefited during the current period from high wages and low unemployment, which caused aggregate private investment to gain. 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 slump in 2020.
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $29.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Owens Corning | 3,217.7 | 124.0 | 3.9 | |
Knauf Insulation Kft. | 475.3 | 37.9 | 8.0 | |
Johns Manville | 224.8 | 14.4 | 6.4 |
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Industry revenue is measured across several distinct product and services lines, including Mineral wool products, Cut stone and stone products and Other nonmetallic mineral products. Mineral wool products is the largest segment of the Mineral Product Manufacturing in the US.
Higher energy prices have increased spending on mineral wool
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.
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NAICS 32799 - Mineral Product Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Manufacturers benefited from soaring private investment before and during the COVID-19 pandemic and a strong housing market. However, the industry currently faces challenges ...
Learn about an industry's products and services, markets and trends in international trade.
High energy prices have increased the need for insulation, so demand for mineral wool has surged. Rising interest rates have reduced residential construction, lowering spendi...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
As the population of many Southeastern states rises, demand for housing has increased. Since new homes require mineral products, the industry is growing in the Southeast regi...
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.
There is intense internal competition among mineral product manufacturers. Manufacturers compete heavily based on price and product quality. Recent innovations have also impr...
Learn about the performance of the top companies in the industry.
Since mineral product manufacturers produce many different types of products, companies tend to be specialized. Specialization enables smaller manufacturers to be very effici...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Environmental Protection Agency (EPA) holds mineral product manufacturers to a high standard. It ensures manufacturers don't pollute the air or water, while the governmen...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Households have been purchasing more effective insulation to save money on heating as energy prices have surged. Since mineral wool is used for insulation, rising oil prices ...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Mineral Product Manufacturing in the US industry in United States is $29.5bn in 2024.
There are 2,535 businesses in the Mineral Product Manufacturing in the US industry in United States, which has grown at a CAGR of 0.1 % between 2019 and 2024.
The market size of the Mineral Product Manufacturing in the US industry in United States has been growing at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Mineral Product Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Mineral Product Manufacturing market in United States are Owens Corning, Knauf Insulation Kft. and Johns Manville
Manufacturing mineral wool and Manufacturing cut stone products are part of the Mineral Product Manufacturing in the US industry.
The company holding the most market share in United States is Owens Corning.
The level of competition is moderate and steady in the Mineral Product Manufacturing in the US industry in United States.