Mobile Menu

Mineral Product Manufacturing in the US - Market Research Report (2015-2030)

Connor Zaminski Connor Zaminski New York, United States Last Updated: June 2025 NAICS 32799

Revenue

$31.5bn

2025

$31.5bn

Past 5-Year Growth

Profit

$X.Xbn

Employees

72,484

Businesses

2,622

Wages

$X.Xbn

Mineral Product Manufacturing in the US industry analysis

The US mineral product manufacturing industry has demonstrated consistent and resilient growth over the past five years, reflecting its mature status and essential role in supporting construction, renovation and manufacturing markets. From 2020 to 2025, the industry achieved a compound annual growth rate (CAGR) of 2.0%, driven by stable demand from renovation and maintenance, which now accounts for half of all industry revenue. The current-year revenue growth rate is projected to be -0.4%, underscoring the sector’s steady momentum despite headwinds such as fluctuating input costs and supply chain disruptions. Current industry revenue projections stand at $31.5 billion in 2025.

Trends and Insights

  • Resilient end markets and incremental expansion support steady revenue growth. Over the past five years, industry revenue rose to $31.5 billion, fueled by stable demand from construction, manufacturing and renovation, which provide a consistent buffer against broader economic uncertainty.
  • Mineral wool insulation products have rapidly increased their market share, accounting for nearly 45% of industry revenue. Rising energy prices drive this surge, stricter building codes and a growing emphasis on sustainability, fueling demand for energy-efficient and fire-resistant insulation in residential and commercial sectors.
  • The Southeast region leads the industry, accounting for 28.1% of establishments due to strong construction demand and favorable logistics. This dominance is supported by abundant raw materials, lower operating costs, and access to skilled labor, making it an attractive location for mineral product manufacturing.
  • Buyer and supplier power remains moderate, shaped by volume purchasing, substitutes and specialized raw materials. Due to large orders and available substitutes, buyers can negotiate on price and terms, while suppliers maintain leverage through technical requirements and high switching costs, maintaining a power balance.
Show more

Unlimited access to industry research for a full year?

With an annual membership, enjoy the clarity and confidence you need to make forward-looking business decisions. Subscriptions include data and analysis for thousands of industries globally.

Get in Touch

Access hundreds of data points and trends

  • Market estimates from 2015-2030
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
  • PDF report or online database with Word, Excel and PowerPoint export options
  • 100% money back guarantee

Industry Statistics and Trends

Market size and recent performance (2015-2030)

Industry revenue has grown at a CAGR of 2.0 % over the past five years, to reach an estimated $31.5bn in 2025.

Trends and Insights

Steady revenue growth is driven by resilient end markets and moderate expansion

  • Industry revenue reached $31.5 billion in 2025, up from $28.6 billion five years ago, reflecting a compound annual growth rate of 2.0%. This growth is primarily attributed to the industry’s ability to serve multiple stable end markets, including construction, manufacturing and renovation, which provide a consistent source of demand even during periods of broader economic uncertainty.
  • Additional trends and insights available with purchase
Mineral Product Manufacturing in the US
Revenue (2015-2030)
IBISWorld Logo Source: IBISWorld

Industry outlook (2025-2030)

Market size is projected to grow over the next five years.

Trends and Insights

Steady revenue growth will be supported by construction and sustainability trends

  • Industry revenue is projected to reach $34.4 billion by 2030, with a five-year CAGR of 1.7%. This growth will be driven by ongoing demand from construction, renovation and infrastructure projects, as well as an increased focus on energy efficiency and green building standards.

Biggest companies in the Mineral Product Manufacturing in the US

Company
Market Share (%)
2025
Revenue ($m)
2025
Profit ($m)
2025
Profit Margin (%)
2025
Owens Corning
4,997.2
859.8
17.2
Compagnie De Saint-Gobain
1,458.2
220.9
15.2
Knauf Insulation Kft.
475.3
37.9
8.0

To view the market share and analysis for all 7 top companies in this industry, view purchase options.

Products & Services Segmentation

Mineral Product Manufacturing in the US
Products & Services
IBISWorld Logo Source: IBISWorld

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.

Trends and Insights

Mineral wool products’ share surges as demand for insulation rises

  • Many mineral wool insulation products are made from bonding agents and fibers made from glass, rock or slag (a byproduct of smelting metal). Mineral wood products have grown; in 2022, they accounted for only 31.3% of revenue, but now account for 44.9%.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

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.

What's included in this industry?

Products and services covered in the Mineral Product Manufacturing industry in the United States include Manufacturing mineral wool , Manufacturing cut stone products, Manufacturing ground or treated mineral and earth, Manufacturing built-up mica and Manufacturing dry mix concrete.

Companies

Companies covered in the Mineral Product Manufacturing industry in the United States include Owens Corning, Compagnie De Saint-Gobain and Knauf Insulation Kft.

Purchase this report to view all 7 major companies in this industry.

Related Terms

Related terms covered in the Mineral Product Manufacturing industry in the United States include mineral wool, fiberglass, rock wool, slag wool, batts, siliceous material, dimension stone and calcine.

Industry Code

NAICS 2017

NAICS 32799 - Mineral Product Manufacturing in the US

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Resilient end markets and incremental expansion support steady revenue growth. Over the past five years, industry revenue rose to $31.5 billion, fueled by stable demand from ...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2015-2024) and forecast (2025-2030)
  • Employees, including historical (2015-2024) and forecast (2025-2030)
  • Businesses, including historical (2015-2024) and forecast (2025-2030)
  • Profit, including historical (2015-2025)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Mineral wool insulation products have rapidly increased their market share, accounting for nearly 45% of industry revenue. Rising energy prices drive this surge, stricter bui...

In this chapter

  • Products & Services
  • Major Markets
  • International Trade

Key metrics

  • Largest market segment and value in 2025
  • Product innovation level
  • Total imports, level and trend
  • Total exports, level and trend
  • Trade Balance

Charts

  • Products & services segmentation in 2025
  • Major market segmentation in 2025
  • International trade, including imports by country and exports by country

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services
  • Recent trends in import and export volumes, country of origin or destination, and expected future trends

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

The Southeast region leads the industry, accounting for 28.1% of establishments due to strong construction demand and favorable logistics. This dominance is supported by abun...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each state
  • Share of population compared to establishments in each region in 2025

Tables

  • Number and share of establishments in each state in 2025
  • Number and share of revenue each state accounts for in 2025
  • Number and share of wages each state accounts for in 2025
  • Number and share of employees in each state in 2025

Detailed analysis

  • Geographic spread of the industry across North America, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

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.

Analyst insights

Buyer and supplier power remains moderate, shaped by volume purchasing, substitutes and specialized raw materials. Due to large orders and available substitutes, buyers can n...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2020-2025
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Since mineral product manufacturers produce many different types of products, smaller companies tend to specialize. Specialization enables smaller manufacturers to compete ef...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2021 through 2025
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2025
  • Overview of Owens Corning's performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of Compagnie De Saint-Gobain's performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of Knauf Insulation Kft.'s performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of revenue, market share and profit margin trend for 4 additional companies

Detailed analysis

  • Description and key data for Owens Corning, and factors influencing its performance in the industry
  • Description and key data for Compagnie De Saint-Gobain, and factors influencing its performance in the industry
  • Description and key data for Knauf Insulation Kft., and factors influencing its performance in the industry
  • Description, key data and performance trends for 4 additional companies

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

Housing starts and private construction activity are critical external drivers, directly influencing demand for mineral wool insulation and cut stone products. Fluctuations i...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2015-2030) 
  • Assistance historical data and forecast (2015-2030) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Purchases remain the most significant and stable cost driver, representing 38.7% of revenue. This indicates effective procurement and an ability to manage input price fluctua...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
  • Investment vs. share of economy

Data tables

  • Industry Multiples (2018-2023)
  • Industry Tax Structure (2018-2023)
  • Income Statement (2018-2023)
  • Balance Sheet (2018-2023)
  • Liquidity Ratios (2018-2023)
  • Coverage Ratios (2018-2023)
  • Leverage Ratios  (2018-2023)
  • Operating Ratios (2018-2023)
  • Cash Flow & Debt Service Ratios (2015-2030)
  • Revenue per Employee (2015-2030)
  • Revenue per Enterprise (2015-2030)
  • Employees per Establishment (2015-2030)
  • Employees per Enterprise (2015-2030)
  • Average Wage (2015-2030)
  • Wages/Revenue (2015-2030)
  • Establishments per Enterprise (2015-2030)
  • IVA/Revenue (2015-2030)
  • Imports/Demand (2015-2030)
  • Exports/Revenue (2015-2030)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2015-2030)
  • IVA (2015-2030)
  • Establishments (2015-2030)
  • Enterprises (2015-2030)
  • Employment (2015-2030)
  • Exports (2015-2030)
  • Imports (2015-2030)
  • Wages (2015-2030)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Mineral Product Manufacturing industry in the United States in 2025?

The market size of the Mineral Product Manufacturing industry in the United States is $31.5bn in 2025.

How many businesses are there in the Mineral Product Manufacturing industry in the United States in 2025?

There are 2,622 businesses in the Mineral Product Manufacturing industry in the United States, which has grown at a CAGR of 1.2 % between 2020 and 2025.

How may import tariffs affect the Mineral Product Manufacturing industry in the United States?

The Mineral Product Manufacturing industry in the United States is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.

How may export tariffs affect the Mineral Product Manufacturing industry in the United States?

The Mineral Product Manufacturing industry in the United States is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.

Has the Mineral Product Manufacturing industry in the United States grown or declined over the past 5 years?

The market size of the Mineral Product Manufacturing industry in the United States has been growing at a CAGR of 2.0 % between 2020 and 2025.

What is the forecast growth of the Mineral Product Manufacturing industry in the United States over the next 5 years?

Over the next five years, the Mineral Product Manufacturing industry in the United States is expected to grow.

What are the biggest companies in the Mineral Product Manufacturing industry in the United States?

The biggest companies operating in the Mineral Product Manufacturing industry in the United States are Owens Corning, Compagnie De Saint-Gobain and Knauf Insulation Kft.

What does the Mineral Product Manufacturing industry in the United States include?

Manufacturing mineral wool and Manufacturing cut stone products are part of the Mineral Product Manufacturing industry in the United States.

Which companies have the highest market share in the Mineral Product Manufacturing industry in the United States?

The company holding the most market share in the Mineral Product Manufacturing industry in the United States is Owens Corning.

How competitive is the Mineral Product Manufacturing industry in the United States?

The level of competition is moderate and steady in the Mineral Product Manufacturing industry in the United States.

Related Industries

Widen your competitive advantage with related industries

View all industries in United States

Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in the US include: 

  • US Census Bureau
  • US Bureau of Labor Statistics
  • US International Trade Commission

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.

feedback