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.
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: 18.3ยฐC) 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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HCFO-1233zd (E) Market - View in Detailed Research Report
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.
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
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.
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
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
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.
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
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Regulatory impact analysis
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