SIC 3292 Asbestos Products

Encyclopedia of American Industries | 2005 | Copyright

SIC 3292
ASBESTOS PRODUCTS

This category includes companies that primarily make asbestos textiles, asbestos building materials (except asbestos paper), insulating materials for covering boilers and pipes, and other products composed wholly or chiefly of asbestos. Companies that primarily make asbestos paper are in SIC 2621: Paper Mills. Those making gaskets and packing materials are in SIC 3053: Gaskets, Packing, and Sealing Devices.

NAICS Code(s)

336340 (Motor Vehicle Brake System Manufacturing)

327999 (All Other Miscellaneous Nonmetallic Mineral Product Manufacturing)

Industry Snapshot

Serious health concerns have all but dismantled the asbestos industry in the United States. Use of asbestos plummeted after medical studies in the early 1970s linked airborne asbestos fibers to a couple of serious illnesses: asbestosis and mesothelioma. Asbestosis scars the lungs and interferes with respiratory function, while mesothelioma is a rare and deadly form of cancer. Acting on these health concerns, the Environmental Protection Agency (EPA), in 1973, banned the use of spray-on asbestos insulation, and the U.S. tile and floor-covering industry, once a major consumer, voluntarily stopped asbestos use by 1986. According to the Census Bureau, the value of asbestos products made in the United States in 1990 was about $352 million. By 1995, sales fell so low that no figures were available.

In 1989, the EPA issued a ruling that would have eliminated asbestos use in the United States by 1996. However, the ban was declared unreasonable by the federal courts, which permitted asbestos use in products imported or made in the United States as of July 1989. The courts upheld an EPA ban on any new products with...

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