PUBLISHER: Astute Analytica | PRODUCT CODE: 1905021
PUBLISHER: Astute Analytica | PRODUCT CODE: 1905021
The HCFO-1233zd market is undergoing a significant phase of maturation, reflecting both its growing adoption and the increasing regulatory pressures shaping its trajectory. In 2025, the market generated revenue of approximately US$ 38.18 million, demonstrating a solid foundation built on the molecule's expanding applications and acceptance across various industries. Looking forward, the market is poised for substantial growth, with projections estimating its valuation to reach US$ 71.34 million by 2035. This anticipated expansion corresponds to a robust compound annual growth rate (CAGR) of 6.4% during the forecast period from 2026 to 2035, signaling steady and sustained momentum.
The primary catalyst driving this growth is the tightening of regulatory mandates worldwide, which are aggressively phasing out refrigerants and blowing agents with high global warming potential (GWP). Governments and environmental agencies are increasingly enforcing policies that restrict or ban the use of legacy high-GWP hydrofluorocarbons (HFCs), compelling industries to transition toward more sustainable alternatives like HCFO-1233zd. This molecule's low GWP, combined with its favorable safety and performance characteristics, makes it an attractive replacement in key applications such as foam blowing and refrigeration.
The global production landscape for HCFO-1233zd is overwhelmingly controlled by a concentrated group of major players, often referred to as the "Big Four," which collectively command over 85% of the worldwide production capacity. This oligopolistic structure highlights the high barriers to entry in the market, driven by the significant capital investment, specialized technology, and regulatory compliance required to manufacture this advanced chemical. Among these dominant producers, Honeywell, headquartered in the United States, holds the position of the undisputed market leader, primarily through its well-established Solstice(R) zd brand.
Following closely behind Honeywell is Arkema, a French chemical company that has made significant strides to strengthen its position in the HCFO-1233zd market. In August 2025, Arkema fundamentally shifted the supply dynamics in North America by commissioning a large-scale production facility in Calvert City, Kentucky. This new plant, with a capacity of 15,000 tons per year, specifically targets the growing North American foam market, addressing the increasing demand for sustainable blowing agents in insulation and other applications.
Core Growth Drivers
The HCFO-1233zd market is experiencing robust growth driven by its versatility and environmentally favorable properties, which have positioned it as a preferred alternative to traditional high-global-warming-potential (GWP) hydrofluorocarbons (HFCs) across multiple sectors. As a nonflammable and low-GWP blowing agent and refrigerant-with a GWP value of just 1-HCFO-1233zd offers an effective solution that aligns with increasingly stringent environmental regulations aimed at reducing greenhouse gas emissions. Its ability to replace legacy high-GWP HFCs without compromising performance has accelerated its adoption, particularly in industries seeking sustainable and compliant alternatives.
Emerging Opportunity Trends
The HCFO-1233zd market is evolving far beyond its traditional applications in cooling systems to emerge as a central component in the broader trend of "Industrial Heat Electrification." This transformation reflects a fundamental shift in how industries approach thermal energy management, with a growing emphasis on sustainability, energy efficiency, and reducing reliance on fossil fuels. At the heart of this change is the deployment of High-Temperature Heat Pumps (HTHPs), a technology area where HCFO-1233zd plays a uniquely critical role. Unlike many alternative refrigerants, HCFO-1233zd possesses the thermal properties necessary to recover waste heat and generate steam at temperatures reaching up to 165°C, a capability that is essential for a wide range of industrial processes.
Barriers to Optimization
The HCFO-1233zd market faces potential constraints on its growth due to the substantial investments required for research and development (R&D) and manufacturing to comply with continuously evolving chemical safety and emission regulations. As environmental standards become increasingly rigorous worldwide, manufacturers must allocate significant resources to develop new formulations and optimize production processes that meet these stringent requirements. This includes extensive testing to ensure that the refrigerant adheres to safety protocols and emission limits, all while maintaining performance and efficiency. The complexity and cost of this development process can be a major hurdle, particularly for companies aiming to scale production or introduce innovative variants of HCFO-1233zd.
By Product Form, Trans-1-Chloro-3,3,3-trifluoropropene dominates the HCFO-1233zd market, commanding a remarkable 83.6% share. Its overwhelming preference among manufacturers is largely due to the unique characteristics that make it the industry's "Goldilocks" solution for thermal management-offering an ideal balance of performance, safety, and handling convenience. This particular isomer stands out because it possesses a boiling point of around 19°C, which enables it to exist in a liquid state at relatively moderate temperatures. This physical property significantly simplifies storage, transport, and application processes compared to gaseous refrigerants that require specialized high-pressure containment and handling procedures.
By Application, the insulation foam blowing agents segment currently dominates the HCFO-1233zd market, controlling a significant 51.1% share. This leadership position is primarily driven by the urgent imperative to replace high-global-warming-potential (GWP) legacy agents such as HFC-245fa, which have been widely used in foam insulation but are now being phased out due to environmental concerns. HCFO-1233zd has emerged as a preferred alternative because it offers a compelling combination of superior insulating properties and a much lower environmental impact, aligning well with global regulatory pressures and sustainability goals.
By End-user industry, the food and beverage industry has emerged as the leading end-user of HCFO-1233zd, commanding more than 36% of the market share-a position that extends well beyond the simple need to keep products cold. While refrigeration remains a fundamental aspect of this sector, the true driver behind the widespread adoption of HCFO-1233zd lies in its exceptional performance in high-temperature heat pump applications. These advanced heat pumps are crucial for addressing the unique operational demands of the food and beverage industry, which often requires simultaneous heating and cooling processes within the same facility.
By Product Form
By Application
By End-user industry
By Region
Geography Breakdown
Chapter 15.Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook) *