iCrowdNewswire Feb 5, 2021 8:44 PM ET
The global Embalming Chemicals Market is expected to reach USD 14.20 Billion by 2026, according to a new report by Reports and Data. Embalming is the process of preserving the cadavers to delay the decomposition so that the cadavers can be used for various studies in the scientific and medical field. Embalming is also used to preserve the corpses for various other reasons including the preserving corpses of eminent personalities for showcasing the public. The chemicals used for embalming are called embalming chemicals. There has been a growing demand to delay the decaying of dead bodies for personal and public reasons, which in turn would fuel the market demand for embalming chemicals.
The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Embalming Chemicals market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Embalming Chemicals business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.
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The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market’s growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of Embalming Chemicals in the coatings and paints are driving the market. The increasing usage of bio-based Embalming Chemicals will also supplement Embalming Chemicals market revenue share through 2027
Further key findings from the report suggest
The market for formaldehyde occupies the largest market share in the year 2018, but the awareness among the people regarding the ill-effects of formaldehyde is expected to have an impact on the market dominance of this chemical.
Funeral homes are projected to contribute to the largest market share with a CAGR of 2.3% during the forecast period with USD 6.37 billion in 2018. This can be attributed to the growing demand by the near and dear ones of the deceased person, to pay a final visit to the late person and thereby requiring the need to delay the decaying process of the corpse. Hospital
The embalming chemicals market for preservative application is expected to contribute to the largest market share during the forecast period with a market size of USD 6.55 billion in 2018.
The market in North America is expected to have the largest market share in the forecast period owing to the massive demand of embalming chemical 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 has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Embalming Chemicals market are listed below:
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.
Chemical Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
Formaldehyde, Phenol, Ethanol, Mixtures
Fluids Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
Arterial Fluids, Cavity Fluids, Co-Injection Fluids, Silicone-Based
Response Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
Gentle Response, Moderate Response, Vigorous Response
Process Steps Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
Preservatives, Germicides, Anti-Coagulants, Surfactants, Others
End-user Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
Funeral Homes, Hospitals, Pathological Institutes, Anatomical Institutes, University Medical Centers, Others
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Key Takeaways from the Global Embalming Chemicals Market report:
The global Embalming Chemicals market report entails a broad product segmentation.
It methodically evaluates the overall product expanse of this business space.
The report covers pivotal information about the accrued market share of each product type, their profit estimations, and production growth graph.
The report provides the reader with a generic summary of the application gamut of the global Embalming Chemicals market.
The report further details the market share and product demand for each application segment.
The study estimates the growth rate of each application segment over the projected timeframe.
Moreover, the report offers crucial information on the different parameters boosting the global market expansion, such as raw material production and market concentration rates.
Table Of Contents:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Embalming Chemicals Market Segmentation & Impact Analysis
Chapter 5. Embalming Chemicals Market, By Type Insights & Trends
Chapter 6. Embalming Chemicals Market, By Application Insights & Trends
Chapter 7. Embalming Chemicals Market, By End Use Insights & Trends
Chapter 8. Embalming Chemicals Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
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