The global HCFO 1233zd market held a market value of USD 28.56 Million in 2020 and is forecasted to reach USD 43.52 Million by the year 2027. The market is expected to register a CAGR of 5.5% during the forecast period. The market volume for HCFO-1233zd was 6,173.4 tons in 2020.Global HCFO-1233Zd Market is Projected to Grow at a CAGR of 5.5% During the Forecast Period 2017-2027
HCFO 1233zd or hydrochlorofluoroolefins is unsaturated short-chain olefins. It is used as an alternative to the saturated hydrofluorocarbons as refrigerants, owing to their ultra-low global warming potential. The market is majorly driven by the government approval for HCFO-1233zd(E). Furthermore, the rising applications of HCFO-1233zd and the rising focus of market players on the product are also factors leading to a positive influence on the market.
Growth Influencers:
Government approval for HCFO-1233zd(E)
HCFO-1233zd(E) is a class 1 refrigerant. It is non-flammable. According to the 4th Assessment Report of the Intergovernmental Panel for Climate Change (IPCC), HCFO-1233zd(E) has an ultra-low Global Warming Potential (GWP) of 4.5. This leads to the fact, theoretically, even if this compound can lead to local stratospheric ozone depletion, its magnitude is very low, due to the short atmospheric lifetime. It does not accumulate in the atmosphere. Therefore, the low or negligible impact of HCFO-1233zd(E) has led to its approval by the government of different countries and hence, has increased its demand in various industries. This is expected to fuel the market growth during the forecast period.
Recognitions for HCFO-1233zd
Due to their ultra-low GWPs, low or non-flammability, and energy efficiency, HCFO-1233zd are becoming the refrigerants of choice for large chillers. For this, HCFO-1233zd(E) centrifugal chillers from 3 different manufacturers have also received environment awards. For instance, in Dubai, it received the Middle East North Africa (MENA) Green Building Product of the Year award in the Energy Management category. In Japan, it received the Environment Minister’s Award for Global Warming Prevention Activity. In the United States, it was named one of the Top 10 Products for 2020 at the Greenbuild conference in Atlanta. Such recognitions are increasing the popularity of HCFO-1233zd, hence boosting the market growth.
Segments Overview:
The global HCFO 1233zd market is segmented into product form, application, and end use industry.
By Product Form
- Trans-1-Chloro-3,3,3-trifluoropropene (HCFO-1233zd-E)
- Cis-1-Chloro-3,3,3-trifluoropropene (HCFO-1233zd-Z)
The trans-1-chloro-3,3,3-trifluoropropene (HCFO-1233zd-E) segment accounts for the largest share of the market. This is due to the rising focus of market players on this product owing to its negligible negative impact on the environment.
By Application
- Insulation Foam Blowing Agents
- Refrigerants
- Centrifugal Chillers
- Cleaning Agent
- Degreasing
- Others
The insulation foam blowing agents segment accounted for the largest share of more than 50% owing to the high adoption of HCFO-1233zd in industries as insulation foam blowing agents. On the other hand, the cleaning agent segment is anticipated to grow at the fastest growth rate over the forecast period.
By End Use Industry
- Food or Beverage
- Mechanical
- Construction
- Electrical & Electronics
- Heating, Ventilation, and Air Conditioning (HVAC)
- Others
The food or beverage segment accounted for the largest market share owing to the increasing use of HCFO-1233zd in the food and beverage industry as refrigerants and other cooling agents. Whereas, the electric and electronics segment is anticipated to grow at the fastest growth rate over the forecast period.
Regional Overview
On a regional basis, the global HCFO 1233zd market is segmented into North America, Europe, Asia Pacific, Middle East, Africa, and South America.
The North American region accounted for the largest market share of more than 30% in the global market owing to the presence of major market players in the region. Also, the government in the United States, as well as Canada, is focusing on investing in products that are sustainable from an environmental perspective.
The European region is expected to hold the second-largest market share owing to the favourable government initiatives. The Asia Pacific region is expected to grow at the fastest growth rate owing to the rising focus of market players in this region. For instance, in February 2021, Arkema announced further investments to expand its fluoropolymer production capacities in Changshu, China in 2022. It is expected to expand these capacities by 35%. Such strategic initiatives boost market growth.
Competitive Landscape
Key players operating in the global HCFO 1233zd market include Arkema S.A., Beijing Yuji Science & Technology Co., Ltd., Central Glass Co., Ltd, Chemours Company, Danfoss, GAB Neumann, Honeywell International, Navin Fluorine, and Solvay, among others.
The cumulative market share of the three major players is near about 68%. These market players are engaged in partnerships, new product launches, mergers & acquisitions to strengthen their market presence. For instance, in May 2021, Arkema acquired Agiplast, a manufacturer of high-performance polymers, especially fluoropolymers and polyamides. With this, the company enhanced its presence in the Italian market.
The global HCFO 1233zd market report provides insights on the below pointers:
- Market Penetration: Provides comprehensive information on the market offered by the prominent players
- Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
- Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global HCFO 1233zd market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
- Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global HCFO 1233zd market report answers questions such as:
- What is the market size and forecast of the Global HCFO 1233zd Market?
- What are the inhibiting factors and impact of COVID-19 on the Global HCFO 1233zd Market during the assessment period?
- Which are the products/segments/applications/areas to invest in over the assessment period in the Global HCFO 1233zd Market?
- What is the competitive strategic window for opportunities in the Global HCFO 1233zd Market?
- What are the technology trends and regulatory frameworks in the Global HCFO 1233zd Market?
- What is the market share of the leading players in the Global HCFO 1233zd Market?
- What modes and strategic moves are considered favorable for entering the Global HCFO 1233zd Market?
Table of Contents
Chapter 1. Research Framework
1.1. Objective
1.2. Product Overview
1.2.1. Market Segmentation
1.2.2. Market & Segment Definitions
1.3. Research Methodology
1.3.1. List of Primary & Secondary Sources
1.3.2. Market Size Estimation
1.3.2.1. Assumption for the Study
1.3.2.2. Data Triangulation
Chapter 2. Executive Summary: Global and Southeast Asia HCFO-1233zd Market
Chapter 3. Global and Southeast Asia HCFO-1233zd Market Overview
3.1. Industry Value Chain Analysis
3.1.1. Formulation
3.1.2. Processing and Packaging
3.1.3. Distributor
3.1.4. End users
3.2. Industry Outlook
3.2.1. Process for Making HCFO-1233zd
3.2.2. Properties of HCFO-1233zd(E)
3.2.3. Environment Awards received by HCFO-1233zd(E) chillers
3.3. PESTLE Analysis
3.4. Porter's Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitutes
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Dynamics and Trends
3.5.1. Key Trends
3.5.2. Growth Drivers
3.5.3. Restraints/ Challenges
3.6. Market Growth and Outlook
3.6.1. Market Revenue Estimates and Forecast (US$ Mn), 2017-2027
3.6.2. Market Volume Estimates and Forecast (Tons), 2017-2027
3.6.3. Pricing Analysis
3.7. Covid-19 Impact Assessment on Market Growth Trend
3.7.1. Growth Trend Shift Analysis
3.7.2. Industry Best Practices
3.8. Regulatory Landscape
Chapter 4. Competition Dashboard
4.1. Market Concentration Rate
4.2. Company Market Share Analysis (Value %), 2020
4.3. Competitor Mapping
Chapter 5. HCFO-1233zd Market Analysis, By Product Form
5.1. Key Insights
5.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Tons)
5.2.1. cis-1-Chloro-3,3,3-trifluoropropene (HCFO-1233zd-Z)
5.2.2. trans-1-Chloro-3,3,3-trifluoropropene (HCFO-1233zd-E)
Chapter 6. HCFO-1233zd Market Analysis, By Application
6.1. Key Insights
6.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Tons)
6.2.1. Cleaning agent
6.2.2. Degreasing
6.2.3. Refrigerants
6.2.4. Centrifugal Chillers
6.2.5. Insulation Foam Blowing Agents
6.2.6. Other
Chapter 7. HCFO-1233zd Market Analysis, By End Use Industry
7.1. Key Insights
7.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Tons)
7.2.1. Food or beverage
7.2.2. Mechanical
7.2.3. Construction
7.2.4. Electric and Electronics
7.2.5. Heating, ventilation and air conditioning (HVAC)
7.2.6. Other
Chapter 8. HCFO-1233zd Market Analysis, By Region
8.1. Key Insights
8.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Tons)
8.2.1. North America
8.2.1.1. The U.S.
8.2.1.2. Canada
8.2.1.3. Mexico
8.2.2. Europe
8.2.2.1. Western Europe
8.2.2.1.1. The UK
8.2.2.1.2. Germany
8.2.2.1.3. France
8.2.2.1.4. Italy
8.2.2.1.5. Spain
8.2.2.1.6. Rest of Western Europe
8.2.2.2. Eastern Europe
8.2.2.2.1. Poland
8.2.2.2.2. Russia
8.2.2.2.3. Rest of Eastern Europe
8.2.3. Asia Pacific
8.2.3.1. China
8.2.3.2. India
8.2.3.3. Japan
8.2.3.4. Australia & New Zealand
8.2.3.5. South East Asia
8.2.3.5.1. Indonesia
8.2.3.5.2. Thailand
8.2.3.5.3. Philippines
8.2.3.5.4. Vietnam
8.2.3.5.5. Singapore
8.2.3.5.6. Rest of SEA
8.2.3.6. Rest of Asia Pacific
8.2.4. Middle East & Africa
8.2.4.1. UAE
8.2.4.2. Saudi Arabia
8.2.4.3. South Africa
8.2.4.4. Rest of MEA
8.2.5. South America
8.2.5.1. Argentina
8.2.5.2. Brazil
8.2.5.3. Rest of South America
Chapter 9. North America HCFO-1233zd Market Analysis
9.1. Key Insights
9.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Tons)
9.2.1. By Product form
9.2.2. By Application
9.2.3. By End Use Industry
9.2.4. By Country
Chapter 10. Europe HCFO-1233zd Market Analysis
10.1. Key Insights
10.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Tons)
10.2.1. By Product form
10.2.2. By Application
10.2.3. By End Use Industry
10.2.4. By Country
Chapter 11. Asia Pacific HCFO-1233zd Market Analysis
11.1. Key Insights
11.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Tons)
11.2.1. By Product form
11.2.2. By Application
11.2.3. By End Use Industry
11.2.4. By Country
Chapter 12. South-East Asia (SEA) HCFO-1233zd Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Tons)
12.2.1. By Product form
12.2.2. By Application
12.2.3. By End Use Industry
12.2.4. By Country
Chapter 13. Middle East and Africa HCFO-1233zd Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Tons)
13.2.1. By Product form
13.2.2. By Application
13.2.3. By End Use Industry
13.2.4. By Country
Chapter 14. South America HCFO-1233zd Market Analysis
14.1. Key Insights
14.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Tons)
14.2.1. By Product form
14.2.2. By Application
14.2.3. By End Use Industry
14.2.4. By Country
Chapter 15. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook) *
15.1. Arkema S.A.
15.2. Beijing Yuji Science & Technology Co., Ltd.
15.3. Central Glass Co., Ltd
15.4. Chemours Company
15.5. Danfoss
15.6. GAB Neumann
15.7. Honeywell International
15.8. Navin Fluorine
15.9. Solvay
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Arkema S.A.
- Beijing Yuji Science & Technology Co., Ltd.
- Central Glass Co., Ltd
- Chemours Company
- Danfoss
- GAB Neumann
- Honeywell International
- Navin Fluorine
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 186 |
| Published | August 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 28.56 Million |
| Forecasted Market Value ( USD | $ 43.52 Million |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
