SIC 3295 - Minerals And Earths, Ground Or Otherwise Treated
Establishments operating without a mine or quarry and primarily engaged in crushing, grinding, pulverizing, or otherwise preparing clay, ceramic, and refractory minerals; barite; and miscellaneous nonmetallic minerals, except fuels. These minerals are the crude products mined by establishments of Industry Groups 145 and 149, and by those of Industry 1479 mining barite. Also included are establishments primarily crushing slag and preparing roofing granules. The beneficiation or preparation of other minerals and metallic ores, and the cleaning and grading of coal, are classified in Division B, Mining, whether or not the operation is associated with a mine.
Industry trends:
The North American Industry Classification System (NAICS) code 3295 pertains to Minerals and Earths, Ground or Otherwise Treated. A notable qualitative trend in this sector is the growing emphasis on sustainability. Companies are increasingly adopting eco-friendly practices, such as utilizing recycled materials and reducing carbon footprints, to align with global environmental standards and consumer expectations.
Technological advancements are also shaping the industry. Innovations in processing techniques and machinery are enhancing efficiency and product quality. Digitalization, including the use of AI and IoT, is providing real-time monitoring and predictive maintenance, which improves operational effectiveness and reduces downtime.
Another significant trend is the rising demand for specialty minerals and earths in advanced manufacturing sectors such as electronics, renewable energy, and pharmaceuticals. The shift towards electric vehicles and renewable energy systems, like solar panels and wind turbines, is driving the need for specific minerals crucial to these technologies, including lithium, rare earth elements, and silica.
Looking forward, the industry is expected to experience moderate growth. This growth will be propelled by increased investments in infrastructure projects globally, particularly in emerging economies, which will drive the demand for construction-related minerals. Additionally, as industries worldwide continue to prioritize sustainability and technology integration, further innovations and improved efficiencies are anticipated in mineral processing and treatment.
This industry is comprised of:
Barite, ground or otherwise treated
Barium, ground or otherwise treated
Blast furnace slag
Clay for petroleum refining, chemically processed
Clay, ground or otherwise treated
Desiccants, activated: clay
Diatomaceous earth, ground or otherwise treated
Feldspar, ground or otherwise treated
Filtering clays, treated purchased materials
Flint, ground or otherwise treated
Foundry facings, ground or otherwise treated
Fuller's earth, ground or otherwise treated
Graphite, natural: ground, pulverized, refined, or blended
Kaolin, ground or otherwise treated
Lead, black (natural graphite): ground, refined, or blended
Magnesite, crude: ground, calcined, or dead-burned
Mica, ground or otherwise treated
Perlite aggregate
Perlite, expanded
Plumbago: ground, refined, or blended
Pulverized earth
Pumice, ground or otherwise treated
Pyrophyllite, ground or otherwise treated
Roofing granules
Shale, expanded
Silicon, ultra high purity: treated purchased materials
Slag, crushed or ground
Spar, ground or otherwise treated
Steatite, ground or otherwise treated
Talc, ground or otherwise treated
Vermiculite, ex-foliated
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.