About Asbestos Testing
Asbestos is a naturally occurring fibrous silicate mineral that possesses many advantages, such as good heat and electrical resistance, tensile strength, sound insulation, wear, and friction characteristics, and resistance to chemicals. Asbestos testing is a process of inspecting and testing a building to ascertain whether there is a presence of asbestos-containing materials and their location within the building. Asbestos in all forms is recognized as being carcinogenic to humans by the American Conference of Governmental Industrial Hygienists (ACGIH) and the International Agency for Research on Cancer (IARC). Asbestos is banned in more than 55 countries around the world, including Japan, Australia and all countries in the European Union.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The asbestos testing market is highly fragmented in nature. The presence of well-established players, coupled with the entry of new players from emerging economies such as Australia and New Zealand, is expected to intensify competition within the market. Key players have been concentrating on research and development in order to bring advanced techniques that can fulfill the requirements of end-users. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Asbestos Testing market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AIH Laboratory (United States), TÜV SÜD PSB (Singapore), Bradley Environmental (United Kingdom), Analytica Laboratories (New Zealand), Bureau Veritas (United States), Asbestex (Australia), Element Materials Technology (United Kingdom), Asbestos Watch (Australia), WY Analytical Services (United Kingdom) and EMET Environmeteo Services (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are ALS (Australia), EMSL Analytical (United States), Envirolab Services (Australia), Environmental Analytical Services (United States), EnviroTest (United Kingdom), Eurofins Scientific (Luxembourg), ELCA Labs (India), Hill Laboratories (New Zealand), JSE Labs (United States), LCS Laboratory (Canada), Lucion Services (United Kingdom), Mold Busters (Canada), OshTech (Canada), Pinchin (Canada), Safe Air Fast (United States), Safety Coordination Services (Canada) and SGS (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Asbestos Testing market by Type (Asbestos in Air, Asbestos in Bulk Materials and Asbestos in Soil & Drinking Water), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of Asbestos Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Testing Method, the sub-segment i.e. Polarized Light Microscopy & Stereomicroscopic Examination) will boost the Asbestos Testing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Asbestos Type, the sub-segment i.e. Serpentine Asbestos will boost the Asbestos Testing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Less Expensive Asbestos Testing Kits for Do-It-Yourself Testing
Market Growth Drivers:
Growing number of building construction, renovation, and demolition activity are the key driving factor for the growth of the market. and Prevention from Serious Health Problems and Chronic Lung Diseases such as Lung Cancer, Mesothelioma and Asbestosis
Challenges:
Development of Cost-Effective Testing Techniques to Accurately Determine the Fibres of the Highest Risk and Intense Competition in the Industry
Restraints:
Varying Cost of Asbestos Testing by Companies and Lack of Awareness among People about the Harm of Asbestos
Opportunities:
Stringent Government Laws & Regulations for Health & Safety and Rising Number of End-User Industry
Market Leaders and their expansionary development strategies
In September 2017, Element Materials Technology and Exova Group Limited, two of the world’s leading laboratory based testing companies, came together to create the best and most trusted testing partner in the world.
In March 2019, Analytica Laboratories has expanded its regional facility labs throughout New Zealand for asbestos testing. The labs operating out of Auckland, Wellington, Christchurch, and Dunedin offer IANZ accredited asbestos testing.
In December 2003, materials containing all forms of asbestos were no longer able to be sold, used, reused, manufactured, imported, supplied, stored, transported, installed or replaced in Australia (Safe Work Australia 2010b). and The Occupational Safety and Health Administration (OSHA), Environmental Protection Agency (EPA), and state and local authorities have regulations to protect workers from the hazards of asbestos.
Key Target Audience
Asbestos Testing Service Providers, Government and Research Organization and Industrial Bodies & Associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.