NAICS 3279 - Other Nonmetallic Mineral Product Manufacturing
The Other Nonmetallic Mineral Product Manufacturing industry group comprises establishments manufacturing nonmetallic mineral products (except clay products, refractory products, glass products, cement and concrete products, lime, and gypsum products).
Industry trends:
The NAICS 3279 category, encompassing Other Nonmetallic Mineral Product Manufacturing, is observing several pivotal qualitative trends. Sustainability is at the forefront, with firms increasingly integrating eco-friendly practices and materials as environmental regulations tighten and consumer demand for green products grows. This shift is evident in the rise of recycled and bio-based materials being used within the industry.
Innovation in material science is another notable trend, with companies investing in advanced manufacturing technologies and new formulations to enhance product performance and functionality. This includes the development of lightweight, durable materials that promise reduced transportation costs and improved energy efficiency.
Additionally, digital transformation is permeating the sector, with smart manufacturing processes such as IoT-enabled equipment and automated quality control becoming more prevalent. This trend aims to optimize production efficiency, reduce waste, and improve overall operational resilience.
Forecasts suggest that the industry will continue to embrace these trends, driven by ongoing advancements in technology and increasing regulatory pressures. The demand for sustainable products is expected to grow, urging companies to innovate continuously. These shifts may foster new market opportunities and partnerships, particularly in green building materials and infrastructure projects.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
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.
Your Business’ Health In Minutes
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.