1 Global Asbestos Removal Equipment Market Size (Revenue) and CAGR (2024-2033)
Global Asbestos Removal Equipment market generated revenue of USD 158.26 Million in 2024 with a CAGR of 4.7% during 2024 to 2033.
The global asbestos removal equipment market has shown a steady growth trend in recent years. This growth is primarily driven by the increased awareness of health and safety worldwide, especially in the construction and manufacturing industries, where asbestos is considered a carcinogenic substance and its use and removal are strictly regulated. As more countries implement asbestos bans and the demand for asbestos removal in existing buildings increases, so does the demand for asbestos removal equipment. Additionally, technological advancements and new product developments have also driven market expansion, making the equipment more efficient and safer.
Figure Global Asbestos Removal Equipment Market Size (M USD) Outlook (2024-2033)
2 Global Asbestos Removal Equipment Market Growth or Decline Analysis
Table Global Asbestos Removal Equipment Market Growth or Decline Analysis
Item | Description |
Growth | Approximately 125 million people around the world are exposed to asbestos in the workplace. Asbestos is estimated to be responsible for approximately half of all deaths from occupational cancer. Additionally, it is estimated that several thousand deaths each year can be attributed to exposure to asbestos in the home. The demand for asbestos removal and the importance of occupational protection promotes the Asbestos Removal Equipment market growth. |
Decline | Stopping the use of all types of asbestos is the most effective way to eliminate asbestos-related diseases. More than 50 countries have banned the use of asbestos, and asbestos use continues to decline in many countries, including the United States, China, etc. There are already many fiber substitutes in building materials that can be used to replace asbestos, such as glass wool, rock wool, slag wool, etc. As the usage of asbestos decreases and the removal rate of asbestos in buildings increases, the Asbestos Removal Equipment industry market growth may be limited. |
3 Global Asbestos Removal Equipment Market by Type in 2024
The asbestos removal equipment market is segmented into two primary types: Asbestos Abatement and Asbestos Removal.
Asbestos Abatement: This type of equipment is designed to reduce the release of asbestos fibers into the environment during construction and renovation activities. It includes encapsulation technologies and enclosures to contain asbestos materials, preventing the spread of fibers. In 2024, the asbestos abatement type dominates the market, garnering a revenue of $90.76 million and representing a 57.35% share of the total market. The market share is influenced by the widespread presence of asbestos in older buildings and the need for immediate safety measures during construction activities.
Asbestos Removal: This equipment is used for the complete removal of asbestos from specific locations, such as ceilings, walls, or floors, especially when they are demolished, encapsulated, or repaired. This approach requires specialized equipment and training and is more invasive than abatement. In 2024, this segment generated a revenue of $67.50 million, capturing a 42.65% share of the market, while accounting for a smaller market share compared to abatement, is experiencing the fastest growth rate. This growth can be attributed to the increasing preference for complete removal due to the long-term health risks associated with asbestos exposure and the push for more permanent solutions to asbestos management.
Table Global Asbestos Removal Equipment Market Size and Share by Type in 2024
Type | Revenue (M USD) | Market Share |
|---|---|---|
Asbestos Abatement | 90.76 | 57.35% |
Asbestos Removal | 67.50 | 42.65% |
4 Global Asbestos Removal Equipment Market by Application in 2024
The asbestos removal equipment market is primarily segmented into two applications: Residential and Commercial and Public. Each application represents a distinct sector within the market, with unique characteristics and growth dynamics.
Residential Application: This segment involves the use of asbestos removal equipment in private homes, often as part of renovation or demolition projects. Given the widespread use of asbestos in residential construction, particularly in older buildings, this application accounts for a significant portion of the market. In 2024, this application held the largest market share with a revenue of $105.23 million, accounting for 66.49% of the total market, reflecting the extensive global efforts to remove asbestos from homes to protect inhabitants from exposure-related health risks.
Commercial and Public Application: This segment includes the use of asbestos removal equipment in non-residential buildings such as offices, schools, hospitals, and other public infrastructure. The commercial and public application, while currently holding a smaller market share compared to the residential sector, is anticipated to exhibit the fastest growth rate. In 2024, the chemical application generated a revenue of $53.03 million, representing 33.51% of the market.
Table Global Asbestos Removal Equipment Market Size and Share by Application in 2024
Application | Revenue (M USD) | Market Share |
|---|---|---|
Residential | 105.23 | 66.49% |
Commercial and Public | 53.03 | 33.51% |
5 Global Asbestos Removal Equipment Market by Region in 2024
The global asbestos removal equipment market is diverse, with different regions exhibiting unique market dynamics. In 2024, the market is led by Europe, which holds the largest share of the global revenue, followed by North America, Asia Pacific, the Middle East and Africa, and South America.
Europe: With a revenue of 71.23 million USD in 2024, Europe emerges as the largest regional market for asbestos removal equipment. This can be attributed to the region’s strict regulations on asbestos, an aging infrastructure that requires renovation, and a high focus on worker safety and public health. Countries like Germany, the United Kingdom, and France contribute significantly to this market size due to their large economies and stringent laws on asbestos management.
North America: North America follows closely with a revenue of 48.99 million USD. The United States is the dominant country in this region, driven by its large construction industry and ongoing efforts to remove asbestos from both residential and commercial buildings. The region’s market is also influenced by advancements in removal technology and a strong emphasis on environmental safety.
Asia Pacific: The Asia Pacific region is marked by significant growth, with a revenue of 26.37 million USD in 2024. Countries like China, Japan, and Australia are experiencing rapid urban development, leading to an increase in the demand for asbestos removal equipment. The region is also a hub for manufacturing, which contributes to the growth of the market.
Middle East and Africa: With a revenue of 4.14 million USD, this region has the smallest market share but is expected to grow as infrastructure development accelerates. The Middle East, in particular, is undergoing significant construction activity, which will likely drive the demand for asbestos removal equipment in the coming years.
South America: South America, with a revenue of 7.51 million USD, shows promise in terms of growth, especially as countries like Brazil and Argentina invest in updating their building standards and safety regulations.
The global asbestos removal equipment market is a testament to the world’s response to the health and safety challenges posed by asbestos. In 2024, Europe stands as the largest market by revenue, driven by its regulatory environment and aging infrastructure. However, it is the Asia Pacific region that captures the attention as the fastest-growing, with its dynamic economy and burgeoning demand for safe and efficient asbestos removal solutions. As the market continues to evolve, it will be shaped by regional development trends, regulatory changes, and the ongoing quest for safer building practices worldwide.
Table Global Asbestos Removal Equipment Market Size, Region Wise in 2024
Region | Revenue (M USD) | Market Share |
|---|---|---|
North America | 48.99 | 30.96% |
Europe | 71.23 | 45.01% |
Asia Pacific | 26.37 | 16.66% |
Middle East and Africa | 4.14 | 2.62% |
South America | 7.51 | 4.75% |
Figure Global Asbestos Removal Equipment Revenue Market Share by Region in 2024
6 Global Asbestos Removal Equipment Market Top 3 Players
Company Introduction and Business Overview: Beacon International, established in 1991 and headquartered in the UK, is a leading manufacturer of decontamination shower units and water management and filtration systems. Their products have become generic designs for such systems, widely used around the world. Beacon International primarily serves markets in Europe and New Zealand.
Products Offered: Beacon International offers a range of decontamination units, including their flagship DCU NPU 230V, a Negative Pressure Unit designed for efficient air filtration and containment control. This equipment is crucial for tasks requiring a contained environment, such as asbestos abatement.
Revenue in 2024: In 2024, Beacon International generated a revenue of 11.11 million USD, demonstrating their strong market position and the demand for their asbestos removal equipment.
Company Introduction and Business Overview: deconta, headquartered in Germany, is a medium-sized machine manufacturer specializing in decontamination in areas of contaminant clean-up, dust handling, and the use of mobile techniques for civil protection, disaster control, and the medical sector. They primarily serve markets in Europe and Australia.
Products Offered: deconta’s innovative product, the deconta-MKS-Floor Grinding System, is a pioneering method for asbestos removal with low exposure for operators. It combines powerful grinding technology with microprocessor-controlled pressurization for stable and effective process safety.
Revenue in 2024: deconta achieved a revenue of 8.13 million USD in 2024, reflecting the growing demand for their specialized asbestos removal equipment.
Company Introduction and Business Overview: ILC Dover, established in 1947 and based in the USA, is a world-leader in developing engineered flexible protective solutions that improve efficiency while safeguarding people, products, and infrastructure in hazardous conditions. They serve a global market, with a strong presence in North America, Europe, and Asia.
Products Offered: ILC Dover offers a range of asbestos disposal bags under their Durapax line, designed to provide exceptional seal strength and tear resistance. These bags are crucial for the safe disposal of asbestos waste, coming in various sizes, thicknesses, and colors.
Revenue in 2024: ILC Dover recorded a revenue of 7.64 million USD in 2024, indicating their significant contribution to the global asbestos removal equipment market.
Table Global Asbestos Removal Equipment Revenue Share of Top3 Players in 2024
Company | 2024 |
Beacon International | 7.02% |
deconta | 5.14% |
ILC Dover | 4.49% |
