Thailand Asbestos Mining Market (2025-2031 | Analysis, Share, Growth, Value, Forecast, Companies, Revenue, Trends, Size & Industry

Topics Covered in Thailand Asbestos Mining Market Report

The Thailand Asbestos Mining Market report thoroughly covers the market by end-use. The Thailand Asbestos Mining Market Outlook report provides an unbiased and detailed analysis of the ongoing Thailand Asbestos Mining Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Thailand Asbestos Mining Market Synopsis

Thailand Asbestos Mining Market has become one of the significant markets and is projected to attain prominent growth during the forecast period on the back of government support such as government policies and the efforts made by the key players in the market.

According to 6Wresearch, the Thailand Asbestos Mining Market size is expected to grow at a CAGR of 3.2% from 2025-2031. One of the primary drivers of the asbestos mining market in Thailand is the country's abundant deposits of asbestos. Thailand has vast deposits of naturally occurring asbestos, such as tremolite and chrysotile, making it an attractive location for companies interested in mining asbestos. Additionally, the low cost of production due to the presence of skilled labour, an established supply chain, and favourable government policies add to the market's attractiveness.

Despite these growth factors, the asbestos mining market in Thailand faces numerous challenges. One of the major challenges is the health risks related to asbestos exposure. Asbestos fibres are recognized to cause diseases such as mesothelioma, asbestosis, and lung cancer, among others, making them deadly to humans. Also, the increasing awareness of these risks has prompted many countries, including Thailand, to enact strict laws and regulations against asbestos mining, use, and export. These challenges can limit the Thailand Asbestos Mining Market Growth.

Thailand Asbestos Mining Industry: Leading Companies

Some prominent companies continue to operate in the Thai asbestos mining industry. One of the biggest players is the Italian-Thai Development Company Limited, which has been operational since the early 1980s. The company operates several mines across the country and is among the largest producers of asbestos in Thailand. Other notable companies in the market include the Siam Cement Group and the Eternit (Thailand) Company Limited.

Thailand Asbestos Mining Industry: Government Initiatives

The Thai government has taken several measures to reduce the risks associated with asbestos exposure. In 2019, Thailand enacted a ban on all forms of asbestos, making it illegal to import, produce, and use asbestos-containing products. This move was a significant step towards eliminating the risks associated with asbestos exposure. Additionally, the government is also pursuing strategies such as occupational health and safety regulations, asbestos management guidelines, asbestos awareness campaigns, and compensation for affected workers.

Market Segmentation by End-Use

According to Kapil, Senior Research Analyst, 6Wresearch, the automobile industry is a major consumer of asbestos, with the mineral being primarily used in brake pads and linings. Asbestos makes a useful material for these purposes given its high resistance to wear and heat. However, the use of asbestos in brake linings has led to health concerns given that asbestos dust poses a health risk when inhaled.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Thailand Asbestos Mining Market Outlook
• Market Size of Thailand Asbestos Mining Market, 2024
• Forecast of Thailand Asbestos Mining Market, 2031
• Historical Data and Forecast of Thailand Asbestos Mining Revenues & Volume for the Period 2021 - 2031
• Thailand Asbestos Mining Market Trend Evolution
• Thailand Asbestos Mining Market Drivers and Challenges
• Thailand Asbestos Mining Price Trends
• Thailand Asbestos Mining Porter's Five Forces
• Thailand Asbestos Mining Industry Life Cycle
• Historical Data and Forecast of Thailand Asbestos Mining Market Revenues & Volume By End-use for the Period 2021 - 2031
• Historical Data and Forecast of Thailand Asbestos Mining Market Revenues & Volume By Automobile for the Period 2021 - 2031
• Historical Data and Forecast of Thailand Asbestos Mining Market Revenues & Volume By Pharmaceutical for the Period 2021 - 2031
• Historical Data and Forecast of Thailand Asbestos Mining Market Revenues & Volume By Refinery for the Period 2021 - 2031
• Thailand Asbestos Mining Import Export Trade Statistics
• Market Opportunity Assessment By End-use
• Thailand Asbestos Mining Top Companies Market Share
• Thailand Asbestos Mining Competitive Benchmarking By Technical and Operational Parameters
• Thailand Asbestos Mining Company Profiles
• Thailand Asbestos Mining Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By End-Use

• Automobile
• Pharmaceutical
• Refinery