The Asbestos Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Asbestos Market?
The market size of the asbestos global market has been increasing significantly over the past few years. It is projected to rise from $1.15 billion in 2024 to $1.27 billion in 2025, marking a compound annual growth rate (CAGR) of 9.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Asbestos Industry?
The asbestos market is predicted to grow to $1.82 billion by 2029, with a compound annual growth rate (CAGR) of 9.5%.
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What are the Key Growth Drivers Fueling the Asbestos Market?
The key drivers in the asbestos market are:
• Increasing regulatory bans and restrictions on asbestos
• Rising awareness of health risks associated with asbestos
• Advancements in and adoption of asbestos alternatives
• Growing legal litigation and compensation related to asbestos exposure
Global Market Segmentation: Identifying Major Asbestos Industry Segments
The asbestos market covered in this report is segmented –
1) By Type: Metallurgical Forging, Furnace Casting, Welding and Cutting, and Glass Production
2) By Mining Type: Underground Mining, Surface Mining
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What are the Emerging Trends Shaping the Future of the Asbestos Market?
The key trends in the asbestos market are:
• Substitution with safer alternatives is emerging as a significant trend.
• Green building practices are beginning to shape the asbestos global market.
• Changes on a regional level concerning production and consumption are noticeable trends.
• Technological innovations in asbestos abatement and removal, along with investments in asbestos waste management, are trending.
Who Are the Top Competitors & Leading Players in the Asbestos Market?
Major companies in the asbestos market are:
• Abex Corporation
• Allied Signal Inc.
• Allis-Chalmers Corporation
• Amchem Inc.
• American Standard Inc.
• Armstrong World Industries
• Babcock & Wilcox
• Bestwall LLC
• Bondex International Inc.
• Celotex Corporation
• CertainTeed Corporation
• Combustion Engineering
• Dana Corporation
• Eagle-Picher Industries
• Federal Mogul
• Flexitallic Gasket Company
• Garlock Sealing Technologies
• General Electric Company
• General Motors
• H.K. Porter Company
• Johns-Manville Corporation
• Kaiser Gypsum Company Inc.
• National Gypsum Company
• Owens Corning
• Pittsburgh Corning
• Quigley Company
• Raybestos Industries
• United States Gypsum Corporation
• W.R. Grace & Co.
Regional Dominance: Which Area Leads the Global Asbestos Market?
The countries covered in the asbestos market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombi
