Mineral Product Manufacturing in the US Industry Market Research Report Now Available from IBISWorld - WSFA.com: News Weather and Sports for Montgomery, AL.

Mineral Product Manufacturing in the US Industry Market Research Report Now Available from IBISWorld

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SOURCE: IBISWorld

After an unprecedented investment slump in the US housing market, the non-residential construction downturn and declining manufacturing activity battered the industry, rebounding investment in housing and commercial building will underpin slow, steady growth over the next five years. Domestic housing starts will be a major driver of demand and are projected to increase in the five years to 2017. Recovering home valuations and rising per capita disposable income will also spur demand for industry products, encouraging consumer spending on home improvements. For these reasons, industry research firm IBISWorld has added a report on the Mineral Product Manufacturing industry to its growing industry report collection.

Los Angeles, CA (PRWEB) June 21, 2012

The Mineral Product Manufacturing industry produces specialty products processed from non-metallic materials (e.g. silica, clays and stone). The products, which mainly include mineral wool-based insulation and cut stone products, have applications in downstream building and manufacturing markets; therefore, the industry's performance is closely tied to activity and trends in these markets. “Since the mid-2000s, an unprecedented investment slump in the US housing market, the ensuing downturn in non-residential construction activity and decline in manufacturing activity have negatively affected demand,” says IBISWorld industry analyst Andrew Krabeepetcharat. As a result, IBISWorld estimates that industry revenue declined at an annualized rate of 6.8% to $12.7 billion in the five years to 2012, including a 2.9% drop in 2012.

As revenue declined, profit margins narrowed, with decreased demand forcing firms to engage in pricing competition to attract buyers. IBISWorld estimates that profit increased in 2012, but is still off the recent high of 2008. “In the face of reduced revenue and slimming profit margins, many companies have cut costs by trimming employment, or leaving the industry entirely,” adds Krabeepetcharat. In the five years to 2012, Mineral Product Manufacturing industry employment has shrunk by an average of 3.7% per year to 57,403 in 2012. The industry is comprised mainly of small to medium scale localized businesses that employ fewer than 10 people. However, there are several large-scale players, including Owens Corning Sales and CertainTeed, that operate across several construction materials markets and have a region- or nationwide scope of operations. The industry has seen a fair amount of mergers and acquisitions activity over the past decade as firms have sought to increase their size and expand into local markets or new products to maximize revenue.

IBISWorld projects that investment in housing and commercial building will recover over the five years to 2017, underpinning slow, steady growth in industry revenue. Domestic housing starts are projected to grow and will be a major driver of demand. Recovering home valuations and per capita disposable income are also expected to boost consumer spending on home improvements, which will likely increase in the five years to 2017. The industry will further benefit from increasing export revenue. For more information, visit IBISWorld’s Mineral Product Manufacturing in the US industry report page.

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IBISWorld industry Report Key Topics

The Mineral Product Manufacturing industry manufactures mineral wool and mineral wool insulation products made of siliceous materials such as rock, slag or fiberglass. The industry also produces ground or treated mineral and earth products (e.g. beneficiated clays and refractories) and processes cut stone and dimension stone products.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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