Stone unturned: Import competition reduces the market for local industry manufacturers

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 fuller's earth. 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 1.3% over the five years through 2017-18, to $1.8 billion...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
1.3%
Forecast Growth 18-23
Profit
Employment
5,900
Businesses
1,080
Market Share of Companies

Industry Threats & Opportunities

  • The current slump in residential building construction has reduced spending on industry products
  • The industry has been exposed to widely variable demand conditions across key product segments
  • Stronger demand from the building market is projected to support industry expansion
  • Industry Report - Industry Investment Chapter

    The industry operates with a low degree of capital intensity. The labour cost to capital depreciation ratio is indicative of the input of labour and capital per unit of output. Wage costs absorb an estimated 19.2% of industry revenue in 2017-18, relatively high compared with many industries within the Manufacturing division due to the labour-intensive nature of many small-scale quarrying and stone-cutting operations. Industry depreciation charges are estimated at 2.3% of annual revenue. This indicates that the industry allocates $8.35 to labour costs for every dollar spent on capital equipment input to production.The glass wool and mineral wools manufacturing segment of the industry features a higher degree of capital intensity than the industry as a whole. The...purchase to read more.

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

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing Industry 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
  • Dimension stone
  • Glass wool and mineral wool insulation
  • Abrasive products
  • 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
  • Public concerns over environmental issues
  • Real household discretionary income

  • Current Performance
  • Key construction drivers
  • Profit fluctuates
  • Employment and enterprises
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue growth
  • Construction

    market trends

  • Profit and jobs growth
  • 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 and Other Mineral Mining

  • Products & Services
  • Dimension stone
  • Glass wool and mineral wool insulation
  • Other non-metallic mineral products
  • Abrasive products
  • Chart: Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Stone products segment
  • Insulation products

  • Major Markets
  • Housing construction market
  • Non-residential building construction market
  • Mining and manufacturing markets
  • Building restoration market
  • General public
  • 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
    Fletcher Building Limited, CSR Limited,
  • Table: Fletcher Building Limited - financial performance
  • Table: CSR 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • 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:
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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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