Uninsulated: Import competition has suppressed price growth and reduced profitability

The Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing industry produces a range of products used principally for construction and manufacturing applications. Products manufactured by the industry include dimension stone for internal cladding, flooring, pavers and bench tops; glass wool and mineral wool insulation products; abrasive materials; and non-metallic mineral products, such as ground talc, slag, hydrated lime and mica. The industry has a low concentration of ownership, with the largest players being the two dominant glass wool insulation manufacturers, Fletcher Building Limited and CSR Limited.Industry revenue is expected to grow at an annualised 5.1% over the five years through 2018-19, to $2.2 billion, including a 0.6%...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
5.1%
Forecast Growth 19-24
Profit
Employment
7,098
Businesses
1,246
Market Share of Companies

Industry Threats & Opportunities

  • Non-residential construction has solidly grown, providing consistent demand for the industry
  • Rising import volumes and substitute products have negatively affected profitability
  • Stronger demand from the building market is projected to support industry expansion
  • Industry Report - Industry Locations Chapter

    The distribution of industry enterprises roughly correlates with the distribution of national population and economic activity, although there is some concentration of activity in Victoria and Western Australia. In the case of dimension stone products, location is also determined by proximity to an adequate supply of materials. To maximise production efficiencies, the large-scale glass wool and mineral wool manufacturing plants locate near capital cities in the most populous states, with each firm maintaining sales or distribution centres in other states and regional markets.Victoria accounts for a disproportionately high share of total industry enterprises. This underlines Victoria’s importance as a manufacturing base for the industry. The...purchase to read more.

    Additional Insights for the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing are:

  • Having good working relationships with subcontracting building trade specialists
  • Having an extensive distribution/collection network
  • Production of premium goods/services
  • IBISWorld analysts also discuss how external factors such as Dwelling commencements and Demand from non-residential building construction in the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing Industry?

    Industry firms manufacture glass wool insulation products, processed stone products and other non-metallic mineral products such as agricultural or hydrated lime, and natural and synthetic abrasives.

    Industry Products
  • Glass fibre and glass wool products
  • Worked monumental or building stone
  • Ground mineral products
  • Non-refractory mortars and concretes
  • Other non-metallic mineral products
  • Industry Activities
  • Natural and synthetic abrasives
  • Glass and mineral wool acoustic tiles, panels and boards
  • Building boards, imitation brick or stone
  • Carbon product
  • Chalk product, diamond powder and graphite product
  • Earth and ground fullers
  • Headstone and installation
  • Glass fibre, mineral wool and rock-wool insulation
  • Stone cutting, dressing, polishing or shaping stone product
  • Synthetic gemstones
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Dwelling commencements
  • Demand from non-residential building construction
  • Demand from concrete product manufacturing
  • Real household discretionary income

  • Current Performance
  • Mining and manufacturing activity
  • Key construction drivers
  • International trade
  • Profit and industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction market trends
  • Other market trends
  • Profit and employment
  • Industry developments
  • Table: Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Motor Vehicle Manufacturing
  • Construction
  • Funeral Directors, Crematoria and Cemeteries
  • Hardware Wholesaling

  • Key Selling Industries
  • Ceramic Product Manufacturing
  • Diamond and Gemstone Mining
  • Glass and Glass Product Manufacturing
  • Rock, Limestone and Clay Mining
  • Salt, Lithium and Other Mineral Mining

  • Products & Services
  • Worked monumental or building stone
  • Glass fibre and glass wool products
  • Other non-metallic mineral products
  • Ground mineral products
  • Non-refractory mortars and concretes
  • Chart: Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Stone products segment
  • Insulation products

  • Major Markets
  • Residential construction market
  • Non-residential building construction market
  • Mining and manufacturing markets
  • Wholesale market
  • Chart: Major Market Segmentation for the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing Industry

  • Industry Globalization
    CSR Limited, Fletcher Building Limited,
  • Table: CSR Limited - financial performance
  • Table: Fletcher Building Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Glass Wool
  • Glass spun into very fine threads so that it resembles cotton wool. Glass wool is used in filtering corrosive liquids and for insulation.
  • Mineral Wool
  • An insulating material consisting of woolly fibres made from melted slag.
  • Rock-Wool
  • An insulating material consisting of wool-like fibres made from molten rock.
  • Slag
  • Completely fused and vitrified matter separated during the reduction of a metal from its ore.
  • What Our Customers Say

    Why buy this report?

    The Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    This report on Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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