Press release
HCFO-1233zd Market 2022 Inclinations & Development Status Highlighted During Forecast Period 2027 | Honeywell, Arkema, Chemours Company
The global HCFO-1233zd market generated a revenue of US$ 28.6 million in 2020 and is analyzed to grow at a compound annual growth rate (CAGR) of 6.4 % from 2022 to 2027. Based on volume, the market is expected to record a growth of 9,097.0 tons by the end of the year 2027.
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According to a 2019 estimate from the International Council of Chemical Associations, the chemicals industry is one of the largest in the world, contributing US$ 5.7 trillion to global GDP and supporting nearly 120 million employments. In order to reduce the negative environmental impact of chemical manufacture, chemical industries are progressively embracing sustainable and eco-friendly procedures.
Chemical companies are using an eco-friendly alternative such as using carbon dioxide from the atmosphere to make fuels, industrial products, and other chemicals. Technological advancements and the development of chemical sciences are playing a major role in this transition in the industry.
Impact Analysis of COVID-19
Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies' stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.
Regional Insights
By Product Form:
Trans-1-Chloro-3,3,3-trifluoropropene (HCFO-1233zd-E)
Cis-1-Chloro-3,3,3-trifluoropropene (HCFO-1233zd-Z)
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By Application:
Insulation Foam Blowing Agents
Refrigerants
Centrifugal Chillers
Cleaning agent
Degreasing
Other
By End-user industry:
Food or beverage
Mechanical
Construction
Electric and Electronics
Heating, ventilation, and air conditioning (HVAC)
Other
By Region:
North America
U.S.
Canada
Mexico
Europe
The UK
Germany
France
Italy
Spain
Russia
Poland
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America
Key Players Insights
Honeywell, Arkema, Chemours Company and others are the major companies operating in HCFO-1233zd market.
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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