US Asbestos Abatement Services Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

The US asbestos abatement market size is projected to reach US$ 1,522.41 million by 2031 from US$ 1,003.58 million in 2023. The market is expected to register a CAGR of 7.19% during 2024–2031. Technological innovations in asbestos abatement are likely to bring in key trends in the market.

US Asbestos Abatement Services Market Analysis

The US has various residential, commercial, and industrial facilities that were constructed before 1980. Thus, it is most likely that many of the building materials contain asbestos. Breathing in presence of this dangerous material can cause serious health issues. A well-known example is 9/11, when terrorists attacked the Twin Towers, and many people died in the resulting fall and fire. The Twin Towers contained asbestos materials, and individuals are still experiencing the devastating health consequences of inhaling the fibers. Due to high health risks, the demand for asbestos abatement services is increasing in the US. Also, strict laws and regulations imposed by the central, state, and local authorities on the handling and removal of asbestos are fueling the growth of the market. Furthermore, the growing renovation and remodeling of older buildings in the US is expected to spur the demand for asbestos abatement services, creating a market growth opportunity. Additionally, the growing adoption of robotics and automation for the removal of asbestos and growing advancement in asbestos detection techniques is expected to fuel the growth of the market during the forecast period.

Hazardous Waste Experts; Performance Contracting Group; Alliance Environmental Group, LLC.; U.S. Waste Industries; CORE Group; D.H. Griffin; Nielsen Environmental; A.C.E. Abatement; Waco, Inc.; Asbestos Removal Pro; and Lepi Enterprises, Inc. are among the key players operating in the market.

US Asbestos Abatement Services Market Overview

Asbestos is a building material that was widely used in the 1900s. It is a naturally occurring substance found on every continent and extracted as a byproduct of various mining operations. In 1973, America was the leading producer of asbestos, with an estimated 804,000 tons processed. Long-term exposure to asbestos has been linked to lung cancer, asbestosis, and mesothelioma.In March 2024, the EPA issued its final risk management rule for chrysotile asbestos. The regulation prevents the continued use of the only known form of asbestos being imported, processed, and disseminated in the US, thereby protecting Americans from lung cancer, mesothelioma, ovarian cancer, laryngeal cancer, and other health problems caused by asbestos exposure Home renovation activities are increasing in the US due to the growing real estate costs, owing to which homeowners prefer to remodel rather than relocate. Similarly, many commercial and industrial buildings are being updated to meet energy efficiency standards, conform with modern construction rules, and handle emerging technologies. These updates frequently necessitate the removal of ACMs. Also, businesses and property owners are prioritizing renovations to create safer conditions for employees and renters. Thus, the growing renovation and restoration activities in the country is expected to fuel the market growth.

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US Asbestos Abatement Services Market: Strategic Insights

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US Asbestos Abatement Services Market Drivers and Opportunities

Rising Health Risks due to Asbestos

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 the 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 exposure to asbestos are accelerating the demand for asbestos abatement in the US.

Growing Renovation and Restoration Projects in US

Many residential, commercial, and industrial structures in the US were built before the 1980s, when asbestos was commonly used in insulation, roofing, flooring, and other construction materials. The Environmental Protection Agency (EPA) estimates that up to 107,000 buildings in the US contain asbestos, including older residences and schools. The agency also estimates that around 20% of all public and commercial buildings in the US have friable asbestos. Renovation or restoration work in these older buildings frequently exposes ACMs, necessitating prompt and compliant asbestos abatement services to ensure safety. In October 2024, Hickman Hall in Jubilee University announced the completion of asbestos abatement. The skilled workers of Gehm Environmental carefully and professionally removed this potentially hazardous material. Once asbestos has been safely removed, the next step in the restoration process is addressing and repairing the brickwork. This phase ensures that the building's structural integrity is restored, preparing it for future use while maintaining safety and durability.

US Asbestos Abatement Services Market Report Segmentation Analysis

Key segments that contributed to the derivation of the US asbestos abatement market analysis are work type and end user.

• Based on work type, the US asbestos abatement market is segmented into class 1, class 2, and class 3. The class 1 segment dominated the market in 2024.
• Based on end user, the US asbestos abatement market is segmented into residential, commercial, and industrial. The commercial segment dominated the market in 2024.

US Asbestos Abatement Services Market Analysis by Country

The geographical scope of the US asbestos abatement market report offers a detailed country-level analysis. The residential segment consists of asbestos abatement in homes, apartments, and other residential properties. Asbestos is present in many older homes built before the 1980s, particularly in materials such as insulation, roofing, flooring, and siding. Homeowners frequently require abatement services while remodeling or renovating since disrupting asbestos materials during home renovation projects can release dangerous fibers into the air, posing a health risk. In addition, asbestos removal can be viewed as an investment in preserving the value of a home and protecting its resale value. Furthermore, in the US, homeowners are legally required to have asbestos removed from their homes if it poses a health risk. Failure to do so may result in fines or legal action. Thus, strict laws and regulations and the need for healthy homes are fueling the growth of the US asbestos abatement services market.

US Asbestos Abatement Services Market Regional Insights

The regional trends and factors influencing the US Asbestos Abatement Services Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses US Asbestos Abatement Services Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

US Asbestos Abatement Services Market Report Scope

US Asbestos Abatement Services Market Players Density: Understanding Its Impact on Business Dynamics

The US Asbestos Abatement Services Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the US Asbestos Abatement Services Market are:

1. Hazardous Waste Experts
2. Performance Contracting Group
3. Alliance Environmental Group, LLC.
4. U.S. Waste Industries
5. CORE Group
6. D.H. Griffin

Disclaimer: The companies listed above are not ranked in any particular order.

US Asbestos Abatement Services Market News and Recent Developments

The US asbestos abatement market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The market initiative is a strategy adopted by companies to expand their footprint across the world and to meet the growing customer demand. The market players present in the US asbestos abatement market are mainly focusing on product and service enhancements by integrating advanced features and technologies into their offerings. A few of the developments in the US asbestos abatement market are listed below:

• Performance Contracting announced the development of a new 77,000-square-foot facility in Denver to accommodate its growing presence in the region. The facility will house various operations, including the company’s glass and glazing, interior, cleanroom, and insulated metal panel (IMP) scopes. (Source: Performance Contracting, Press Release, July 2024)
• The National Insulation Association (NIA) announced the 2023 Safety Excellence Award winners in conjunction with its 68th Annual Convention, which took place in Naples, Florida. Performance Contracting was honored as a Platinum winner in the contractor category, the program’s highest level of excellence. (Source: The National Insulation Association (NIA), Press Release, April 2024)

US Asbestos Abatement Services Market Report Coverage and Deliverables

The "US Asbestos Abatement Services Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

• US asbestos abatement market size and forecast at country levels for all the key market segments covered under the scope
• US asbestos abatement market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• US asbestos abatement market analysis covering key market trends, country framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the US asbestos abatement market
• Detailed company profiles