Low GWP Refrigerants Market Future Outlook (2023-2028) Trends, Scope, Trends, Demand, Competitors Study, by Region, Top Players

Low GWP Refrigerants Market Overview Global Low Gwp Refrigerants Market are essential fluids for absorbing heat. An increase in extreme weather conditions such as severe droughts and heat waves owing to global warming has propel market demand for low GWR refrigerants. According to the National Oceanic and Atmospheric Administration (NOAA), average earth surface temperatures increased around 1.71 degrees Fahrenheit in between 1880 and 2016. The burning of fossil fuels has resulted in such temperature change, negatively impacting the environment. Thus, the environment-friendly attributes of low GWP refrigerants is expected to boost the market. Changing consumer living habits demanding a comfortable lifestyle is increasing the need for refrigerants and air conditioners at home. For instance, Japan Refrigeration and Air Conditioning Industry Association (JRAIA) reported that world room air conditioners demand reached 96.05 million units in 2017 increased to 8.2% from prev...