TRANSCRITICAL CO2 Market Size, Share, Trends, Demand, Growth Forecast, Segmentation and Revenue Outlook
Surging demand for transcritical CO2 in margarine production, ice making and beer brewing industries are the root cause fueling up the transcritical CO2 market growth rate. Additionally, the rising demand for air conditioning and refrigeration applications, along with the lower operational costs of the systems, will also directly and positively impact the market's growth rate. The focus of manufacturers towards ecological protection, social responsibility, and economic viability to their businesses also boosts demand for transcritical CO2. However, low awareness about transcritical CO2 systems and the need for know-how about the operation of the system is estimated to hinder the growth of the transcritical CO2 market.The various technological advancements, such as next-generation sustainable manufacturing solutions and the development of automated flow synthesis systems integrated with machine learning, generate numerous opportunities for the market. On the flip side, the presence of few players in the purification of CO2 systems poses as a major challenge to the growth of the transcritical CO2 market.
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