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HCFO-1233zd Market – Industry Dynamics, Market Size, and Opportunity Forecast to 2027

Global HCFO-1233zd Market, By Product Form (Trans-1-Chloro-3,3,3-trifluoropropene (HCFO-1233zd-E), Cis-1-Chloro-3,3,3-trifluoropropene (HCFO-1233zd-Z)), By Application (Insulation Foam Blowing Agents, Refrigerants, Centrifugal Chillers, Cleaning agent, Degreasing and Other), By End user industry (Food or beverage, Mechanical, Construction, Electric and Electronics, Heating, ventilation, and air conditioning (HVAC) and Other) By Region, Competition, Forecast & Opportunities to 2027

  • Published Date: Upcoming | Format: pdfpowerpointexcel  |  Report ID: AA0821091  |
HCFO-1233zd Market

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This report provides analysis of global market for HCFO-1233zd for the period 2017 to 2027, wherein 2021-2027 are forecast values, reflecting impact of different factors on the growth trend.

HCFO-1233zd global market was valued at USD 28.6 Mn in 2020 in terms of revenue and 6.1 Kilo Tons in terms of volume the same year.

The HCFO-1233zd market is growing at a revenue CAGR of 6.4% over the forecast period. Equivalent volume CAGR is estimated at 5.9%.

The environmental awards received by HCFO-1233zd(E) chillers are Environment Minister's Award for Global Warming Prevention Activity, Middle East North Africa (MENA) Green Building Product of the Year in the Energy Management and Top 10 Products for 2020 at the Greenbuild conference.

REACH regulation 2006/1907/EC and Classification, Labelling and Packaging (CLP) Regulation ((EC) No 1272/2008) are imposed to ensure protection of health and the environment.

As a cleaning agent, HCFO-1233zd is suitable for cleaning machine parts, electrical and electronic equipment parts, optical equipment parts, and others.

The higher cost of HCFO-1233zd as compared to conventional material increased issues regarding environmental sustainability, and fluctuating prices of HCFO-1233zd are expected to inhibit the growth of the global HCFO-1233zd market.

Asia Pacific is growing at the highest CAGR of about 7.6% over 2021- 2027.

Global HCFO-1233zd market is observed to have competitive nature and is projected to shift towards consolidated nature in the forecast period.

The report covers the following segments; product form, applications, end use industry and region.

The two products forms in the HCFO-1233zd market report are Trans-1-Chloro-3,3,3-trifluoropropene (HCFO-1233zd-E) and Cis-1-Chloro-3,3,3-trifluoropropene (HCFO-1233zd-Z).

The cleaning agent segment is expected to project the fastest CAGR of 7.8% in the global HCFO-1233zd market in 2020 due to high demand as it is an environmentally friendly cleaning agent with ozone depletion potential (ODP) close to 0 and very low global warming potential (GWP​).

Honeywell, Arkema, Chemours Company and others are the major companies operating in HCFO-1233zd market.

The key strategies adopted by market players include: Mergers and acquisitions, partnerships, regional expansion, and new product development.

During the COVID-19 pandemic, various players in the HCFO-1233zd market halt their production due to lockdown implemented in various countries. This break impacted the sales of HCFO-1233zd companies. Also, lack of labor and raw materials has restricted the supply of products.