Nonmetallic Mineral Product Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 2/26/2024
SIC Codes: 3211, 3221, 3229, 3231, 3241, 3251, 3253, 3255, 3259, 3261, 3262, 3264, 3271, 3272, 3273, 3274, 3275, 3281, 3291, 3295, 3296, 3297
NAICS Codes: 327
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Nonmetallic Mineral Product Manufacturing Industry Profile

Companies in this industry manufacture clay products and refractories, glass and glass products, cement and concrete products, lime and gypsum products, and abrasives and other nonmetallic mineral products. Major companies include 3M, Guardian Industries, and Kohler (all based in the US), as well as AGC and Noritake (both based in Japan), CRH (Ireland), Holcim (Switzerland), Knauf (Germany), RHI Magnesita (Austria), and Saint-Gobain (France).

Nonmetallic mineral products include cement, ceramics, glass, and lime products. Global cement production reached about 4.5 billion tons in 2021, according to Statista. In the US, revenue for the manufacture of other nonmetallic mineral products is expected to reach about $290 billion in 2023, while revenue in China is expected to reach more than $1 trillion.

The US nonmetallic mineral products industry includes about 15,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $130 billion. Coverage of key components of the nonmetallic mineral product manufacturing industry can be found in the following industry profiles: Abrasives Manufacturing, Cement & Concrete Product Manufacturing, China & Earthenware Plumbing Fixture Manufacturing, Clay Product & Refractory Manufacturing, and Glass & Glass Product Manufacturing.

COMPETITIVE LANDSCAPE

Demand is driven by industrial production and construction spending. Profitability depends on efficient operations, as many products are essentially commodities that compete primarily on price. Large companies have advantages of scale in purchasing and the ability to invest in equipment and technology that improve ...

 
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