Global Other Non-Metallic Mineral Product Manufacturing Market Was Valued At $560 Billion In 2017 According To TBRC’s Latest Report

Other non-metallic mineral product manufacturing industry comprises companies involved in abrasive product manufacturing, cut stone and stone product manufacturing, ground or treated mineral and earth manufacturing, mineral wool manufacturing, and all other miscellaneous non-metallic mineral product manufacturing. It also includes manufacturing of cloth coated, diamond dressing wheels, polishing wheels, sandpaper and silicon carbide abrasives.

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The global other non-metallic mineral product manufacturing market was valued at $560 billion in 2017.  Among regional markets, Asia Pacific was the largest geographic region, accounting for nearly 68% market share. The market saw a growth as the manufacturers used robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns.

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China was the largest country in the global other non-metallic mineral product manufacturing market, accounting for almost 40% market share. China was followed by the USA and Japan as the next largest countries in the market.

The top five competitors in the market are: Compagnie de Saint-Gobain S A followed by 3M Company, Asahi Glass Co Ltd and Lafargeholcim Ltd. Saint-Gobain S.A. is a French multinational corporation, founded in 1665 in Paris and headquartered on the outskirts of Paris, at La Défense and in Courbevoie. Originally a mirror manufacturer, it now also produces a variety of construction and high-performance materials.

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