PUBLISHER: The Insight Partners | PRODUCT CODE: 1713268
PUBLISHER: The Insight Partners | PRODUCT CODE: 1713268
The US Asbestos Abatement Market size was valued at US$ 1.00 billion in 2024 and is expected to reach US$ 1.5 billion by 2031. The US Asbestos Abatement Market is estimated to record a CAGR of 6.29% from 2025 to 2031.
Exposure to asbestos poses a significant risk to human health, potentially leading to respiratory conditions such as asbestosis, mesothelioma, and asbestos-related lung cancer. The statistics surrounding asbestos exposure in the US are both alarming and well-documented. Since 1999, the Centers for Disease Control and Prevention (CDC) has been tracking illnesses and deaths linked to asbestos, with the majority of these tragic cases attributed to mesothelioma, a cancer caused by inhaling asbestos fibers. By 2005, the CDC reported that about 18,000 American lives had been lost due to the long-term effects of asbestos exposure. These numbers serve as a sobering reminder of the human toll that continues to be paid as a result of this hazardous material. Based on their data, the CDC projected that between 2005 and 2027, an additional 29,667 lives would be lost due to asbestos exposure. This translates to an average of 1,290 deaths each year in the US alone, underscoring the ongoing and devastating impact asbestos continues to have on people's health and lives. Furthermore, Asbestos.com reports that nearly 40,000 Americans die each year from malignant mesothelioma, lung cancer, and other asbestos-related disorders. Also, 1.3 million Americans are daily exposed to asbestos at work.
It is important to note that there is a significant delay, often spanning 20-60 years, between the initial exposure to asbestos and the onset of symptoms related to mesothelioma or other asbestos-related diseases. This long latency period means that many individuals may not experience the effects of their exposure until decades later, making early detection and prevention even more critical. Asbestosis-related symptoms include lung scarring, shortness of breath, clubbed fingers and toes, weight loss, and pain. Surgery, radiation, and chemotherapy are among options that doctors can use to treat the condition. Electricians, miners, construction workers, railroad workers, shipyard workers, aircraft and auto technicians, and mill workers are among those at the highest risk of developing lung cancer, asbestosis, and mesothelioma. Thus, such rising health risks due to the exposure to asbestos is influencing the US Asbestos Abatement Market growth.
Based on asbestos work type, the US asbestos abatement services market is segmented into class I, class II, and class III. The class I segment dominated the market in 2024. Class I asbestos work is the most dangerous and involves removing thermal system insulation and surfacing materials that may contain asbestos. Thermal system insulation consists of asbestos-containing materials applied to pipes, boilers, tanks, ducts, and other structural components to prevent heat loss or gain. Surfacing materials can be decorative plaster on ceilings, acoustic materials on decking, or fireproofing for structural parts. Class 1 work necessitates stringent safety precautions, such as the use of critical barriers or negative pressure enclosures to prevent asbestos fiber release. Workers must get intensive training, similar to the EPA Model Accreditation Plan (MAP) for asbestos abatement workers.
Hazardous Waste Experts; Performance Contracting Group; Alliance Environmental Group, LLC.; U.S. Waste Industries; D.H. Griffin; A.C.E. Abatement; Waco, Inc.; Lepi Enterprises, Inc.; EIS Holdings LLC; P.A.L. Environmental Safety Corp.; and ARC Abatement are among the prominent players profiled in the US Asbestos Abatement Market report. Several other major players were also studied and analyzed in the US Asbestos Abatement Market report to get a holistic view of the market and its ecosystem.
The overall US Asbestos Abatement Market share has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the US Asbestos Abatement Market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the US Asbestos Abatement Market.