Ntect | Industry profile

Nonmetallic mineral products
Industry profile, February 2020

Sections: Description | Pricing | Costs | Demand | Appendix

This page is an industry profile for the Nonmetallic mineral products industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.

Industry Description

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.

This industry description was sourced from the North American Industry Classification System.

Industry Pricing

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As of January 2020, prices in this industry had decreased 0.1 percent since the previous quarter.
From January 2019 to January 2020 prices in this industry increased 1.9 percent.
Prices increased 10.6 percent in the five year period starting in January 2015 and ending in January 2020.

-0.1%
From the previous quarter ¹

+1.9%
From the previous year ¹

+10.6%
From five years ago ¹

Industry Costs

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As of January 2020, costs in this industry had 0 percent since the previous quarter.
From January 2019 to January 2020 costs in this industry increased 0.8 percent.
Costs increased 8.6 percent in the five year period starting in January 2015 and ending in January 2020.

0%
From the previous quarter ³

+0.8%
From the previous year ³

+8.6%
From five years ago ³

For details on which industries are included in each sector, click here

The largest cost for this industry is purchases made to the Manufacturing sector. This sector accounts for 37.3% of the industry's overall costs.
From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Labor sector. Costs associated with this sector increased 1.9%.

**Major Industry Costs by Sector**
Sector Name	Percentage of Costs	Annual Percent Change ⁴
Manufacturing	37.3%	+0.4%
Labor	30.1%	+1.9%
Mining, Quarrying, and Oil and Gas Extraction	13.2%	+1.7%
Professional, Scientific, and Technical Services	3.4%	-1%
Transportation and Warehousing	3.3%	+1.3%

Industry Demand

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As of July 2019, demand for this industry had increased 1.3 percent since the previous quarter.
From July 2018 to January 2020 costs in this industry increased 2.9 percent.
Costs increased 9.5 percent in the five year period starting in July 2014 and ending in July 2019.

+1.3%
From the previous quarter ⁴

+2.9%
From the previous year ⁴

+9.5%
From five years ago ⁴