This hobby is dying because there is no regulation in this industry ...
In the US, the industry is subject to all sorts of regulation. A manufacturer of an unsafe product can be ordered to conduct a recall, just as in any other industry. Its factory is subject to OSHA, its advertising subject to FTC rules. What sort of regulation would you like to see that doesn't already exist?
companies can claim any kind of snake oil (read: lies) they want about their products ...
Given that you stated, "Objective data supported by science and physics," perhaps you could offer some examples.