Industry Analysis & Industry Trends
Operators in the Non-Metallic Mineral Product Manufacturing industry manufacture products from a range of minerals, including basalt, asphalt, graphite, vermiculite and carbon. The industry's key products are asphalt concrete, rock wool insulation and bituminous waterproofing products, which are predominantly used in road construction and building construction and renovation. The level of road and motorway construction and maintenance and building construction and maintenance activity influences demand for industry products. Over the five-year period through 2016-17, the Non-Metallic Mineral Product Manufacturing industry has fared well... purchase to read more
Industry Report - Starting a New Business Chapter
The Non-Metallic Mineral Product Manufacturing industry generally has high barriers to entry, although they vary across the industry. Some of the products manufactured by the industry, such as asphalt concrete and rock wool, require highly specialised machinery and refinery equipment, which adds to start-up costs. The production of asphalt concrete and rock wool also requires large-scale production to be profitable, due the high volume required for road construction and to insulate buildings.
There can also be a limited supply of adequate raw materials. For instance, bitumen is a by-product from crude oil refining. It is possible to artificially manufacture bitumen, but this requires high levels of investment into research and development.
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