According to a new report from Intel Market Research, the global HCFO-1233zd (E) market was valued at US$ 485 million in 2024 and is projected to reach US$ 1,179 million by 2032, growing at an exceptional CAGR of 14.3% during the forecast period (2025-2032). This rapid expansion is fueled by stringent environmental regulations, the phase-out of high-GWP refrigerants, and increasing demand for energy-efficient thermal solutions across industries.
What is HCFO-1233zd (E)?
HCFO-1233zd (E), or trans-1-chloro-3,3,3-trifluoropropene, is a next-generation hydrofluoroolefin compound that has emerged as a game-changing solution in refrigerant and foam blowing applications. This colorless gas (boiling point: 18.3°C) boasts exceptional environmental credentials with zero ozone depletion potential (ODP) and an ultra-low global warming potential (GWP) of just 1 - making it one of the most sustainable alternatives to traditional refrigerants.
Widely recognized for its chemical stability and non-flammable properties, HCFO-1233zd (E) serves critical functions as a:
- Refrigerant in commercial/industrial cooling systems
- Foaming agent for insulation materials
- Working fluid in organic Rankine cycles
Its adoption is accelerating across building insulation, cold chain logistics, and electric vehicle thermal management systems as industries transition away from high-GWP substances like HFCs.
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Key Market Drivers
1. Global Regulatory Push for Sustainable Refrigerants
The Kigali Amendment to the Montreal Protocol, implemented in 2019, has triggered a global phase-down of high-GWP refrigerants. With HCFO-1233zd (E)'s GWP of 1 being 99.9% lower than traditional refrigerants, its adoption aligns perfectly with international climate commitments. The European F-Gas Regulation and U.S. EPA SNAP Program have both approved its use, creating significant market pull.
2. Surging Demand for Energy-Efficient Insulation
As building codes worldwide mandate stricter energy efficiency standards, the foam insulation sector is transitioning to low-GWP solutions. HCFO-1233zd (E) delivers superior thermal performance in polyurethane and polyisocyanurate foams while meeting sustainability benchmarks. The global push for net-zero buildings is expected to drive 18% annual growth in this segment through 2030.
3. EV Thermal Management Revolution
The electric vehicle boom has created unprecedented demand for efficient battery cooling systems. HCFO-1233zd (E)'s thermodynamic properties make it ideal for EV thermal management, with major automakers incorporating it into next-generation designs. The compound helps address critical challenges in battery temperature regulation while maintaining environmental compliance.
Market Challenges
The industry faces several hurdles in scaling HCFO-1233zd (E) adoption:
- Production complexity: The synthesis process requires specialized facilities and expertise, limiting current manufacturing capacity
- Price sensitivity: At 2-3x the cost of conventional refrigerants, price remains a barrier in cost-sensitive markets
- Regional regulatory disparities: While North America and Europe have clear guidelines, developing regions often lack harmonized standards
Opportunities Ahead
The market presents significant growth potential through:
- Infrastructure expansion in Asia-Pacific, where cooling demand is growing exponentially
- New applications in data center cooling and industrial processes
- Technology partnerships between chemical manufacturers and end-users
Major players like Honeywell and Arkema are investing heavily in capacity expansion, with several new production facilities slated to come online by 2026.
Regional Market Insights
- North America: Leads in adoption due to stringent EPA regulations and a mature HVAC&R industry
- Europe: Rapid transition driven by F-Gas phase-down targets and green building initiatives
- Asia-Pacific: Emerging as the fastest-growing market, particularly in China and India
- Latin America & Middle East: Showing early signs of adoption in commercial refrigeration
Market Segmentation
By Type
- Foaming Agent
- Refrigerant
By Application
- Building Insulation
- Commercial and Industrial Refrigeration
- Cold Chain Insulation
- EV Thermal Management
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
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HCFO-1233zd (E) Market - View in Detailed Research Report
Competitive Landscape
The market features a mix of global chemical giants and specialized manufacturers:
- Honeywell
- Arkema
- Central Glass
- Quanzhou Yuji
- Zhejiang Yonghe
These companies are competing on technology innovation, production scale, and application expertise to capitalize on the growing demand.
Report Deliverables
- Market size forecasts through 2032
- Application growth analysis
- Regional demand trends
- Technology developments
- Competitive benchmarking
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HCFO-1233zd (E) Market - View in Detailed Research Report
About Intel Market Research
Intel Market Research is a leading provider of strategic intelligence, offering actionable insights in chemicals, materials, and industrial technologies. Our research capabilities include:
- Real-time competitive benchmarking
- Technology adoption tracking
- Regulatory impact analysis
- Over 500+ specialized reports annually
Trusted by Fortune 500 companies, our insights empower decision-makers to drive innovation with confidence.
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