The Nonmetallic Mineral Product Manufacturing subsector transforms mined or quarried nonmetallic minerals, such as sand, gravel, stone, clay, and refractory materials, into products for intermediate or final consumption. Processes used include grinding, mixing, cutting, shaping, and honing. Heat often is used in the process and chemicals are frequently mixed to change the composition, purity, and chemical properties for the intended product. For example, glass is produced by heating silica sand to the melting point (sometimes combined with cullet or recycled glass) and then drawn, floated, or blow molded to the desired shape or thickness. Refractory materials are heated and then formed into bricks or other shapes for use in industrial applications. The Nonmetallic Mineral Product Manufacturing subsector includes establishments that manufacture products, such as bricks, refractories, ceramic products, and glass and glass products, such as plate glass and containers. Also included are cement and concrete products, lime, gypsum and other nonmetallic mineral products including abrasive products, ceramic plumbing fixtures, statuary, cut stone products, and mineral wool. The products are used in a wide range of activities from construction and heavy and light manufacturing to articles for personal use.
Mining, beneficiating, and manufacturing activities often occur in a single location. Separate receipts will be collected for these activities whenever possible. When receipts cannot be broken out between mining and manufacturing, establishments that mine or quarry nonmetallic minerals, beneficiate the nonmetallic minerals and further process the nonmetallic minerals into a more finished manufactured product are classified based on the primary activity of the establishment. A mine that manufactures a small amount of finished products will be classified in Sector 21, Mining. An establishment that mines whose primary output is a more-finished manufactured product will be classified in the Manufacturing Sector.
Excluded from the Nonmetallic Mineral Product Manufacturing subsector are establishments that primarily beneficiate mined nonmetallic minerals. Beneficiation is the process whereby the extracted material is reduced to particles that can be separated into mineral and waste, the former suitable for further processing or direct use. Beneficiation establishments are included in Sector 21, Mining.
The Nonmetallic Mineral Product Manufacturing industry (NAICS 327) is experiencing several notable qualitative trends. A significant trend is the increasing emphasis on sustainability and environmental responsibility. Manufacturers are adopting eco-friendly processes and materials, driven by regulatory pressures and consumer demand for green products. This includes the development of recyclable and biodegradable products, alongside investments in energy-efficient technology to reduce carbon footprints.
Another trend is the integration of advanced technologies such as automation, artificial intelligence, and the Internet of Things (IoT). These technologies are enhancing production efficiency, quality control, and supply chain management, allowing manufacturers to be more agile and responsive to market changes. Digital transformation is also facilitating predictive maintenance and real-time monitoring, reducing downtime and operational costs.
The industry is also witnessing increased consolidation through mergers and acquisitions. This trend is partly due to smaller firms seeking to leverage the resources and distribution networks of larger companies to remain competitive. There's a growing emphasis on strategic partnerships and collaborations to innovate and expand product offerings.
Looking to the near future, the demand for nonmetallic mineral products is expected to rise, particularly from the construction sector, as infrastructure projects expand globally. Additionally, the push for sustainable building materials is likely to spur innovation and the introduction of new products. Investment in R&D to meet stringent regulatory standards and consumer expectations will be crucial for industry competitiveness and growth.
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.