Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing in Australia - Industry Market Research Report

Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing in Australia - Industry Market Research Report

Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing in Australia

Operators in the Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing industry have faced mixed trading conditions over the past few years. The industry's products are mainly used in construction and manufacturing, exposing the industry to volatility in these downstream markets. The COVID-19 pandemic has significantly affected residential and non-residential construction over the past three years, with economic uncertainty and lengthy lockdown periods reducing demand in these critical downstream industries. As a result, industry revenue is expected to decline at an annualised 1.9% over the five years through 2022-23, to $2.4 billion. This includes an anticipated 2.8% fall in the current year, largely due to reduced demand from downstream construction markets.

Industry firms manufacture glass wool insulation products; processed stone products; other non-metallic mineral products, such as agricultural or hydrated lime; and natural and synthetic abrasives. Manufacturing headstones and monuments from concrete is not included in the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.