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Why asbestos is still a billion-dollar industry – with a bright future? | Transforming Business

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March 14, 2025

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Asbestos is banned in the EU and US, but despite its devastating impacts, many countries continue to use it. Now, a Dutch company claims it can recycle asbestos waste and repurpose it as a toxic-free partial replacement for cement, for use in the construction industry. Globally, the asbestos market remains lucrative, valued at more than $1 billion in 2023. India is the world's leading importer of asbestos, while the largest producer is Russia, by quite a margin.

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06 :04 A lucrative market

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Why asbestos is still a billion-dollar industry – with a bright future? | Transforming Business · Dw News · Sentinel