According to a new report by Reports and Data, the global Embalming Fluids Market is expected to reach USD 14.91 Billion by 2028. Embalming is the process of preserving cadavers to delay decomposition, which enables the use of cadavers for various studies in the scientific and medical fields. Embalming chemicals are used for this process. Embalming is essential for researchers to study the cause of death and other professional interests.
There has been a growing demand for delaying the decaying of dead bodies for personal and public reasons, which is fueling the market demand for embalming chemicals. The Asia Pacific region is expected to witness the highest growth rate of 2.5% during the forecast period due to the growth of the medical sector and various researches in the field of human anatomy to improve the well-being of the people.
Key participants in the Embalming Chemicals Market include:
- Dodge
- Champion
- Frigid Fluid
- Pierce Chemicals
- Trinity Fluids
- Green Tech Enterprise
- European Embalming Products
- ESCO, Shanghai Yezeal Biotechnology Company
- Arlington Chemical Company Inc.
- Thomasnet among others.
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However, the growing trend for green funerals, which attributes to the harmful effects of embalming chemicals, is estimated to hinder the market growth of embalming chemicals. Embalming chemicals is also called as Embalming Fluids.
Funeral homes are projected to contribute the largest market share with a CAGR of 2.32% during the forecast period, with USD 6.37 billion in 2020, as the near and dear ones of the deceased person require the need to delay the decaying process of the corpse. The embalming chemicals market for preservative application is expected to contribute the largest market share during the forecast period with a market size of USD 6.55 billion in 2020.
North America is expected to have the largest market share in the forecast period owing to the massive demand for Embalming Fluids in the region for various reasons, including the need to bid a final farewell to the late person in a grand manner.
The global Embalming chemicals market is segmented on the basis of type, fluids, response, process steps, application, end-user, and region. Chemical types include Formaldehyde, Phenol, Ethanol, and Mixtures, while Fluids include Arterial Fluids, Cavity Fluids, Co-Injection Fluids, and Silicone-Based. The Response category includes Gentle Response, Moderate Response, and Vigorous Response. The Process Steps include Surgical and Cosmetics. The Application category includes Preservatives, Germicides, Anti-Coagulants, Surfactants, and Others. The End-user category includes Funeral Homes, Hospitals, Pathological Institutes, Anatomical Institutes, University Medical Centers, and Others. Finally, the Regional Outlook includes North America, Europe, Asia Pacific, Latin America, MEA, the US, Germany, UK, China, India, South-east Asia, and Brazil.
Embalming Chemicals Market: Notable innovation
There have been several notable innovations in the Embalming Fluids Market. One of the key findings from the report is that formaldehyde currently holds the largest market share, but the increasing awareness of its harmful effects may impact its dominance in the market. Funeral homes are projected to contribute the largest market share due to the growing demand from the loved ones of the deceased to pay a final visit and delay the decaying process of the corpse. The market for preservative application is also expected to contribute the largest market share during the forecast period. Key participants in the market include Dodge, Champion, Frigid Fluid, Pierce Chemicals, Trinity Fluids, Green Tech Enterprise, European Embalming Products, ESCO, Shanghai Yezeal Biotechnology Company, Arlington Chemical Company Inc., and Thomasnet among others. The global market for embalming chemicals has been segmented based on type, fluids, response, process steps, application, end-user, and region to provide a more comprehensive analysis.
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