Hydrochlorofluoroolefins (HCFOs) are a newer generation of blowing agents and refrigerants, prized for their low global warming potential (GWP) and relatively favorable safety profiles. As industries pivot away from higher-GWP HFCs and ozone-depleting HCFCs, HCFO production has scaled up considerably. The chemical industry has invested in modern, environmentally compatible facilities across North America, Europe, and Asia, boosting HCFO production capacity to meet tightening regulatory norms under global frameworks like the Kigali Amendment. In terms of price, HCFOs are positioned at a premium compared to traditional HFCs and hydrocarbons. Production costs are higher due to complex synthesis, licensing fees, and technology transfer investments. Recent years have shown steady price appreciation, particularly for niche grades used in specialty applications. However, as production scales and more players enter the market, moderate price softening is expected through 2025.