I recognize a lot of the asbestos products there on that list, but in my career (1975 - 2010),I have never known Armaflex to contain any asbestos.
Description
Mold resistant AP/Armaflex Sheet & Roll Insulation is a flexible elastomeric thermal insulation, black in color. It is furnished with a smooth skin on one side which forms the outer exposed insulation surface. The expanded closed-cell structure of Armaflex makes it an efficient insulation. It is manufactured without the use of CFC's, HCFC's, or HFC's. It is also formaldehyde-free, dust free, low VOCs, fiber free and resists mold and mildew. All AP Armaflex products are made with Microban® antimicrobial product protection for added defense against mold on the insulation.

I make use of this material at work. As a padding when having to work on the ground or on grading. If it gets wet it will hold water. It cuts nice with an old electric knife. Tough stuff.

As long as it isn't friable it can be full of asbestos and do no harm. What's the prob? I will prob use it.

Will it absorb and retain moisture ?

Armstrong 520 Glue, brush it on, it's a contact adhesive. Armaflex does not contain asbestos. I use 1/2" on the firewall and 3/4" on the floor. It is water repellent, but if continually exposed to water it will soak it up. It also makes a great mat for under car work.

A little bit of progress.

No I did not do the upholstery. If I could do that, would I be doing this?

Jamies Upholstery...... Yakima, Washington

Amazingly talented nice guy!

A little bit business.

It's gettin there.

looks great,,,what are the bucket seats out of ??