@Nathan ZhivalyukIt looks like it could be asbestos insulation - or it could be fibreglass insulation with mastic (which may or may not contain asbestos itself) - I cannot tell from the photo.If you can find a knowledgable (& perhaps a little gray) contractor (HVAC, plumbing, etc) in your area, they should be able to tell w/o causing any disturbance.Pipe insulation is considered friable (Category I), but is also relatively easy to remove and abatement is not terribly expensive.  

You want to ensure that the adhesive wasn't black mastic glue.

. = $220 at MenardsTub $275 at LowesTub surround $220 at Lowesor Tub Porcelain tile surround 60 sq feet at 2.00 = $120 + mastic and grout $100 at LowesFaucets, towel racks, and such $300 at LowesSo about $1500 in materials.I'd normally pay about $300 for demo. $200 to lay the flooring, $1000 to set the vanity and vinyl tub with surround and $200 to hang light, mirror and towel racks.

I'm wholesaling a deal in Mastic, NY.

The most common materials which contain asbestos are drywall joint compound, sheet vinyl flooring (not linoleum), vinyl floor tile, floor tile, mirror, and other mastics, window putty, pipe, tank, and boiler insulation, HVAC duct insulation, asbestos-cement flues, asbestos-cement shingles (roof or wall), acoustic ceiling texture, stucco, roofing materials, and even sound insulation on steel sink bottoms.

Cost is typically under $50 for everything; tiles, mastic, grout. 

New tub costsTub (fiberglass) $147 (HD)Watts pvc pop-drain kit $ 20 (HD)5 Sheets Hardi-backer $45 (HD)Box Backer-on screws $7 (HD)Fiber tape $4 (HD)12x12 wall tile $50 (HD)Non-Sanded Grout $15 (HD)Spray on Sealer $9 (HD)Tube Colored Caulk $7 (HD)Bag Speed Set $14 (HD)Bucket of Mastic $30 (HD)Tile labor $150Plumbing labor $50Add em up and thats what it costs.

These are put on like regular tiles (with mastic), then grouted. 

In such a context, it may not be expensive at all - we've had payback in as little as three years.To air seal ductwork - which is arguably more important than insulating - you can use appropriately rated ventilation tape (foil-based or other) or mastic.  

even if  removing the tiles,.you still have to level the floor and remove all the old mastic or grout.