According to study, “Asbestos Mining Global Market Research Report 2019” key companies operating in the global asbestos mining market are Oriental Enterprises, Chongqing Jincan Insulation Material Co Ltd, Core Safety Group, Balaji Enterprises, Unique Udyog Mumbai, Shree Firepack Safety Private Limited, Yogdeep Enterprises, National Safety Solution, Samarth Industries, Supreme In Safety Services, Oriental Enterprises, Hiren Industrial Corporation, Johns Manville, Protector Fire and Safety, Speciality Safety Engineers, Super Safety Service, Perfect Welding Solutions, Owens Corning/Fibreboard Corp., R. Grace and Co., National Gypsum Corporation, Amatex Corporation, Mergenthaler Linotype Company, Lincoln Electric, Dana Corporation, Celotex Corporation, Pacor Incorporated, Raybestos-Manhattan Co., Gold Bond, Ford Motor Compan, Unarco.
Asbestos is a naturally occurring silicate mineral which is composed of long & thin fibrous crystals. Asbestos is used in building insulation and in electrical insulation for hotplate wiring. It is also used to make fireproof phase curtains for theaters, as well as heat-resistant clothing for firefighters and metal workers. Asbestos has been mined due to useful properties for instance flexibility and durability. Asbestos is a recognized health hazard owing to inhalation of the fibers which can lead to diseases such as malignant disease and nonmalignant disease. The malignant diseases include lung cancer, ovarian cancer, mesothelioma, and laryngeal cancer, as well as a variety of gastrointestinal tract, kidney cancers and oro-pharyngeal while nonmalignant diseases include asbestos warts, disease asbestosis and benign asbestotic pleural effusion.
Based on type, the global asbestos mining market is segmented into metallurgical forging, welding & cutting, furnace casting and glass production. Based on product type, market is segmented into brake linings, clutches, chemical pipes, continuous mining machines, hoist machines, electrical components, motor controls, hoses, pumps, starters, shuttle cars, valves, switches, winches and wastewater removal piping. Based on form type, market is segmented into Amphibole and Serpentine. The Amphibole range contains Amosite asbestos, Crocidolite asbestos, Actinolite asbestos, Anthophyllite asbestos, and Tremolite asbestos while Serpentine range contains Chrysotile asbestos. Based on mining type, market is segmented into underground mining and open-pit mining (mountaintop mining). Based on application, market is segmented into thermal & electrical insulation asbestos reinforces plastics, packaging machines and friction materials etc. Additionally, based on end-use industries, market is segmented into industrial, textile, building and others.
The asbestos mining market is driven by increase in demand for mining, followed by emerge in markets, rapid industrialization and improvement in technologies. Apart from advantages, workforce issues or safety and increase in interest rate may impact the market.
Based on geography, the Asian-Pacific region holds significant share in asbestos mining market, followed by South-American region owing to growth in manufacture of asbestos cement and pipes in the region. The North-American region is expected to remain low due to improved manufacturing & handling procedures and stricter exposure regulations over the forecast period. In upcoming years, it is projected that the future of the market will be bright due to better earning capacity coupled with increase in positive economic outlook over the forecast period.
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Ankur Gupta, Head Marketing & Communications