Embalming Fluid Market Share

APAC Market Statistics

The embalming fluid market in the Asia Pacific region, amongst the market in all the other regions, is projected to hold the largest market share of about 35% by the end of 2036. The regional growth can majorly be attributed to the ready availability and low prices of chemicals in developing countries are underpinned by a developing chemical manufacturing industry in the region. Moreover, increasing acceptance of embalming fluids in funeral homes supported by a large population in the Asia Pacific region is estimated to spur the growth of the regional market over the forecast period. The regional market growth can also be accredited to the growing aged population in the region. Elderly people are more susceptible to chronic diseases, which requires often transplant to treat. The Asia Pacific population is aging faster than anywhere else is in the world. Sixty per cent of the world's total elderly population, that is, 630 million aged people reside in the Asia-Pacific region. The region's elderly population is expected to reach 1.3 billion by the year 2050. Moreover, the government's role in raising awareness of the use of embalming fluid is expected to spur market growth in the region. Moreover, increasing number of CKD patients, and increased funding for medical infrastructure are expected to impact the growth of the market in the region.

North American Market Forecast

The embalming fluid market in the North America region, amongst the market in all the other regions, is projected to hold the second largest share of about 24% during the forecast period. The growth of the market in this region can primarily be attributed to the fact that there is a growing demand for organ transplants in the region. According to the United States, 37,584 people received organ transplants in the United States in the year 2020, according to the Health Resources Services Administration (HRSA). Organ transplantation is a medical procedure in which an organ is removed from the body and transplanted into the recipient's body to replace a damaged or missing organ. The donor and recipient may be in the same location, or the organ may be transported from one donor location to another. The embalming solution is usually a 2% solution of formaldehyde, a pungent volatile acid. About 1 pint of embalming liquid is used per carcass in addition to 1 pint of stone weight. An embalming solution is a mixture of chemicals used to prevent corpses from decaying after death. Chemicals include formaldehyde, methanol, glutaraldehyde, and others. Embalming is the process of chemically preserving tissue using chemical fixatives such as formalin and other liquids that can interfere with toxicological analysis. Common ingredients in embalming solutions include formaldehyde, methanol, sodium borate, sodium nitrate, glycerin, dyes, and water.  

Europe Market Forecast

Further, the embalming fluid market in the Europe region, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2036. The growth of the market can be attributed majorly to the expansion of funeral industry in the region. Embalming fluid is a chemical solution used to preserve human or animal remains. The demand for embalming fluid is largely driven by the funeral industry, which has a stable market as death is a natural and inevitable part of life. In Europe, the funeral industry is regulated and standardized, which has led to a consistent demand for embalming fluid. The embalming fluid market in Europe is competitive, with several companies offering a range of products. Some of the key players in the market include Pierce Chemicals, Thermo Fisher Scientific, Frigid Fluid Company, and Dodge Chemical Company. These companies offer different types of embalming fluids such as formaldehyde-based and non-formaldehyde-based fluids, catering to the varying needs of the funeral industry.