The global eClinical solutions market is anticipated to exceed USD 13 billion by 2024. The major growth driving factors include a rise in the R&D activities by various pharma and biopharma companies, growing application of software solutions in medical trials, rising government funding for promoting clinical research programs, increasing consumer base, and so on. In addition to this, rising outsourcing of medical trials to Contract Research Organization (CROs), growing medical research programs in various Asian countries along with the development of low-cost modules are also projected to boost the market growth.

However, high implementation prices, the lack of skilled labor & awareness about clinical data sciences software are likely to hinder the growth of the market in the near future. The global market is divided into products and regions.

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The pharmaceuticals and personal care were the dominating application sectors of the glycerol market in 2015. However, the food & beverages sector is estimated to become the fastest-growing application sector with a healthy CAGR of over 8.4 % during the forecast period. This can be attributed to the improving lifestyle in various developing economies that further results into the increased consumption and demands for packed and processed foods. Polyether polyols sector is also witnessing a rapid growth due to rising usage of low-cal sweeteners in various food products. Other applications include perfume production, explosive production, tobacco humectants, etc.

The biodiesel sector was the biggest source for the production of glycerol in 2015. It occupied over 63 % of the overall market share. However, the fatty alcohols sector is estimated to be the leading source for the glycerol production with a CAGR of over 9 % from 2016 to 2024.

Asia-Pacific was the largest regional glycerol market in 2015 that held over 40 % of the global market volume. The region is further estimated to be the leading market for glycerol growing at a CAGR of over 8 % during the estimated years. The Europe region was also dominating glycerol consumer on account of high demands in the pharmaceuticals, food & beverages, and personal care sectors. The product demands from the Middle East & Africa are also likely to increase.

Some of the major market players include Cognis Corp.; Solvay SA; Procter & Gamble Chemicals; Kuala Lumpur Kepong Berhad; Wilmar International; Godrej Industries Ltd.; and Sofiproteol Group.


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