Low GWP Refrigerants Market Size, Share, Trends Analysis & Competition through 2027

The purpose of this rich study presented by FactMR is to elaborate the various market projections impacting the global low GWP refrigerants market size during the period until 2027. This assessment delivers high-end statistics concerning market size, Y-o-Y growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the low GWP refrigerants market during the forecast period.

Request for a free Sample Report from Here - https://www.factmr.com/connectus/sample?flag=S&rep_id=3054

Notable Developments in the Low GWP Refrigerants:

• The Chemours Company, an American chemical company in low GWP refrigerants market, announced in July 2018 a US$ 20 million investment in a new low GWP technology-based chiller using Opteon™ XP10 (R-513A) refrigerant. The company declared that with the high-performance and efficient system, the company will successfully minimize the refrigerant GWP by nearly 55% and lower its carbon footprint to even a greater extent.
• Honeywell International Inc., an American multinational conglomerate company, unveiled, in June 2018, a nonflammable and low GWP refrigerant – Solstice® N41 (provisional R-466A) – which is mainly suitable for stationary air conditioning applications. The company further announced that the Solstice N41 will soon gain popularity as an R-410A replacement refrigerant and the lowest GWP refrigerant available on the market.
• The Danfoss Group, a Danish company, announced the expansion of its Explosive Atmosphere Conditions (ATEX) and flammable refrigerant management lab in Trevoux, France, in September 2018. The company will be expanding the lab by six times its original size—at 3000 m2, and the recent improvements will help the company to reduce CO2 emissions and the effects of climate change by accelerating the use of sustainable and low GWP refrigerants.
• Arkema S.A., a French specialty chemicals and advanced materials company, announced in February 2018 that it is transitioning to fluorogases with a low GWP by expanding the range of sustainable high performance solutions, which are mainly designed to replace hydrofluorocarbons (HFCs) in order to comply with recent changes in regulations.

Hydrofluorocarbons (HFCs) Phase-out Likely to Propel Adoption of Low GWP Refrigerants

‘The Montreal Protocol on Substances That Deplete the Ozone Layer’ includes concerted efforts to curtail the production as well as consumption of refrigerants, including HFCs, in non-A5 countries by around 85% by the end of 2035. This is forcing end-users to shift to low GWP refrigerants.

Browse Comprehensive Market Report with TOC from Here - https://www.factmr.com/report/3054/low-gwp-refrigerants-market

Furthermore, the United States’ Environment Protection Agency’s (EPA) Clean Air Act implemented the hydro chlorofluorocarbons (HCFCs), and the European Union has adopted regulations to reduce consumption of HFCs by over 79% by the end of 2030. With an increasing number of countries phasing out the production of HFCs, the adoption of low GWP refrigerants is expected to surge. This is expected to power growth of the low GWP refrigerants market in the upcoming years.