封面
市場調查報告書
商品編碼
1284241

到 2028 年的綠色建材市場預測 - 按產品(外部產品、內部產品、其他產品)、應用、最終用戶、地區分列的全球分析

Green Building Materials Market Forecasts to 2028 - Global Analysis By Product (Exterior Products, Interior Products and Other Products), By Application, By End User and By Geography

出版日期: | 出版商: Stratistics Market Research Consulting | 英文 175+ Pages | 商品交期: 2-3個工作天內

價格

根據Stratistics MRC,預計2022年全球綠色建材市場規模將達到3041億美元,2028年將達到6398億美元,預測期內增長13.2%。預計以復合年增長率增長。

綠色建築材料是指在設計、施工、維護和翻新方面提高建築結構的耐久性和有效性的材料。 這些材料由可再生廢物來源生產,具有能源效率。

根據 USGBC 的數據,截至 2022 年 10 月,美國大約有 20,125 個 LEED 認證項目、21,068 個銀項目、21,206 個金項目和 7,027 個白金項目。

市場動態:

驅動程序

越來越多地轉向綠色建築

木材、草麻混凝土、再生塑料、鐵皮、草捆、竹土、木混凝土、玻璃混凝土都是綠色建築材料的例子。 使用這些材料的目的是建造節能和支持環境生態平衡的結構。 通過使用環保建築材料,我們可以解決各種環境問題,例如空氣污染、自然資源退化、物種滅絕和全球氣候變化。 這些優點使環保建築材料成為傳統建築材料最重要的替代品。

抑製劑:

成本波動限制市場增長

預計材料可用性和最終用途行業需求的增加將推動價格波動並阻礙市場擴張。 這些材料比標準建築材料更昂貴。 它的價格可能會因許多變量而異,例如飾面、裝修和設計。 由於綠色建築的長期效益,使用這些材料會產生巨大的初始投資成本。 此外,在一些國家,人均收入預計會下降,阻礙住房開發活動。 預計在預測期內,建築業對新產品的採用將受到阻礙。

機會

提高對綠色建築材料的認識和採用

每年有 30 億噸原材料用於建築和建築運營,佔全球消費量的 40%。 在全球範圍內,可持續建築材料和產品的使用鼓勵保護有限的、不可再生的資源。 此外,將可持續建築材料納入建築和建築項目可以使這些建築行業材料的運輸、提取、加工、安裝、生產、處置、回收和再利用更具可持續性。 然而,市場增長預計將受到建築業對這些材料不斷增長的需求的推動。

威脅

位置和可用性

尋找建造這些結構所需的材料可能很困難,尤其是在不重視環境保護的城市地區。 綠色建築材料的另一個缺點是選擇合適的位置。 氣候變化是主要原因。 綠色建築最大限度地利用了太陽能,因此在晴天很少的地區使用太陽能建築是不利的,因為能源最終可能會耗盡。

COVID-19 的影響:

COVID-19 疫情正在迅速席捲各個國家和地區,對各級供應鏈產生巨大影響。 自 2020 年 3 月以來,世界各地都實施了封鎖措施,限制了人員和產品的流動,對建築公司的供應鏈產生了不利影響。 COVID-19 對建築業產生了重大的負面影響,影響了市場。 疫情讓建築業經歷了幾十年來最糟糕的時期。 其結果是建築材料短缺、後勤困難、勞動力短缺和不確定性,世界各地的施工嘗試被推遲或取消。

外部產品部分預計在預測期內將成為最大的部分

由於綠色屋頂越來越受歡迎,預計在預測期內,外部產品部分將佔據最大的市場份額。 隨著基於自然的解決方案 (NBS) 尋求應對氣候變化帶來的許多環境和社會經濟挑戰,綠色屋頂變得越來越重要。 郊區、城市和城鎮都被視為城市住區。 城市增長是城市聚落有效發展的必要條件。 此外,2030 年可持續發展目標和新城市議程都支持城市促進可持續發展的努力。

在預測期內,預計住宅建築行業的複合年增長率最高

由於節能建築的提案和建築規範不斷增加,預計住宅建築行業在預測期內的複合年增長率最高。 在住宅領域,綠色建築越來越受歡迎。 需要環保和節能的建築材料。 推動此類市場增長的主要因素是人們越來越意識到可持續建築材料所帶來的環境效益,以及在住房領域越來越多地使用可持續建築方法。

市場份額最高的地區

由於所有建築活動中綠色建築材料的大量消耗,預計在預測期內北美將主導市場。 美國使用最廣泛的綠色建築評級系統是LEED系統。 LEED 為綠色、具有成本效益、高效和健康的建築奠定了基礎。 獲得 LEED 認證的建築可提高效率、節省資金並減少碳足跡。 此外,為保護環境並儘量減少氣候變化的影響,加拿大政府承諾到 2030 年將全國溫室氣體排放總量比 2005 年減少 40-45%,到 2050 年我們致力於實現淨零排放。 然而,加拿大政府已投資 1.5 億加元製定加拿大綠色建築戰略以實現這一目標。 為了實現這一目標,這種方法協調了國家行動以轉變市場和降低成本。

複合年增長率最高的地區:

由於住宅建築行業不斷擴大,預計亞太地區在預測期內將迅速擴張。 該地區的產品需求預計將受到中國和印度簽署的巴黎協定的推動,以應對氣候變化和兩國基礎設施發展的進步。 市場上正在採用各種綠色材料,例如纖維水泥複合材料、油氈和鍍鋅板。

主要發展:

2022 年 10 月,Holcim 收購了 Wiltshire Heavy Building Materials,後者是英國領先的建築解決方案和材料流通供應商之一。 此次收購加強了 Holcim 在英國綠色建材市場的市場地位。

2022 年 8 月,聖戈班收購了加拿大和美國的外部建築材料製造商和分銷商 Keikan。 此次收購加強了聖戈班在輕型和可持續建築領域的全球領導地位,使其成為加拿大壁板領域的領先企業,並通過鋁和工程木材的互補解決方案擴大其在美國的乙烯基產品供應。

2022 年 1 月,Binderholz GmbH 收購了奧地利 Binderholz 集團的子公司英國鋸木廠集團 BSW Timber Ltd。 BSW Timber Ltd 每年生產超過 120 萬立方米的鋸材。 此次收購使 Binderholz GmbH 成為歐洲最大的鋸木廠和實木加工公司。

這份報告提供了什麼

  • 區域和國家/地區細分市場份額評估
  • 向新進入者提出戰略建議
  • 2020、2021、2022、2025 和 2028 年的綜合市場數據
  • 市場趨勢(驅動因素、制約因素、機會、威脅、挑戰、投資機會、建議)
  • 根據市場預測在關鍵業務領域提出戰略建議
  • 競爭格局映射關鍵共同趨勢。
  • 公司簡介,包括詳細的戰略、財務狀況和近期發展
  • 映射最新技術進步的供應鏈趨勢

免費定制優惠:

購買此報告的客戶將獲得以下免費定制選項之一:

  • 公司簡介
    • 其他市場參與者的綜合概況(最多 3 家公司)
    • 主要參與者的 SWOT 分析(最多 3 家公司)
  • 區域細分
    • 根據客戶的要求對主要國家/地區的市場估計/預測/複合年增長率(注意:基於可行性檢查)。
  • 競爭基準
    • 根據產品組合、區域影響力和戰略聯盟對主要參與者進行基準測試

內容

第 1 章執行摘要

第二章前言

  • 概覽
  • 利益相關者
  • 調查範圍
  • 調查方法
    • 數據挖掘
    • 數據分析
    • 數據驗證
    • 研究方法
  • 調查來源
    • 主要研究來源
    • 二級研究來源
    • 假設

第三章市場趨勢分析

  • 司機
  • 約束因素
  • 機會
  • 威脅
  • 產品分析
  • 使用分析
  • 最終用戶分析
  • 新興市場
  • COVID-19 的影響

第 4 章波特五力分析

  • 供應商的議價能力
  • 買家的議價能力
  • 替代品的威脅
  • 新進入者的威脅
  • 競爭公司之間的敵對關係

第 5 章全球綠色建材市場:按產品分類

  • 外飾產品
    • 壁板
    • 屋頂材料
    • 視窗
  • 室內產品
    • 絕緣
    • 地板材料
  • 太陽能產品
  • 結構性的
  • 框架
  • 其他產品

第 6 章全球綠色建材市場:按應用

  • 住宅樓
  • 非住宅建築
    • 酒店和休閒
    • 工業
    • 機構
    • 商業和辦公
  • 其他用途

第七章世界綠色建材按最終用戶

  • 研發中心
  • 醫療保健
  • 教育
  • 公共設施
  • 其他最終用戶

第 8 章全球綠色建材市場:按地區

  • 北美
    • 美國
    • 加拿大
    • 墨西哥
  • 歐洲
    • 德國
    • 英國
    • 意大利
    • 法國
    • 西班牙
    • 其他歐洲
  • 亞太地區
    • 日本
    • 中國
    • 印度
    • 澳大利亞
    • 新西蘭
    • 韓國
    • 其他亞太地區
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 其他南美洲
  • 中東和非洲
    • 沙特阿拉伯
    • 阿拉伯聯合酋長國
    • 卡塔爾
    • 南非
    • 其他中東和非洲地區

第九章主要進展

  • 合同、夥伴關係、協作和合資企業
  • 收購與合併
  • 新產品發布
  • 業務擴展
  • 其他關鍵策略

第十章公司簡介

  • Alumasc Group plc.
  • Amvic Inc.
  • BASF SE
  • Bauder Ltd
  • Binderholz GmbH
  • E. I. du Pont de Nemours and Company
  • Forbo International SA
  • Interface Inc.
  • Kingspan Group
  • Owens Corning
  • PPG Industries, Inc.
  • REDBUILT
  • Saint-Gobain
  • Sika AG
  • Soben International(Asia-Pacific)Ltd
  • National Fiber
Product Code: SMRC23073

According to Stratistics MRC, the Global Green Building Materials Market is accounted for $304.1 billion in 2022 and is expected to reach $639.8 billion by 2028 growing at a CAGR of 13.2% during the forecast period. A green building material is one that increases the durability and effectiveness of a building structure in terms of design, construction, maintenance, and renovation. These materials are generated from renewable waste sources and are very energy-efficient.

According to the USGBC, as of October 2022, the United States had around 20,125 Certified LEED projects, 21,068 Silver projects, 21,206 Gold projects, and 7,027 Platinum projects.

Market Dynamics:

Driver:

Growing shift toward green buildings

Wood, straw hemp concrete, recycled plastic, ferrock, straw bales, bamboo rammed earth, wood concrete, and grass concrete are instances of green building materials. The purpose of using these materials is to build structures that are energy-efficient and support the ecological balance of the environment. The use of environmentally friendly building materials may combat a number of environmental issues, including air pollution, the degradation of natural resources, the extinction of species, and global climate change. Due to these benefits, green building materials are the most significant replacement for conventionally used building materials.

Restraint:

Fluctuation cost will limit market growth

The availability of materials and increased demand from end-use industries are expected to cause price fluctuations that will impede market expansion. These materials cost more than standard building supplies. Their prices may change depending on a number of variables, including finishes, fixtures, and designs. Due to the long-term benefits of green buildings, using these materials results in significant initial investment expenditures. Additionally, it is anticipated that some countries' diminishing per capita incomes may impede residential development activity. The construction industry's adoption of new products is anticipated to be hampered over the forecast period.

Opportunity:

Rising awareness and adoption of green building materials

3 billion tons of raw materials, or 40% of the world's consumption, are used annually in construction and building operations. On a global scale, the use of sustainable building materials and products encourages the conservation of limited, nonrenewable resources. Moreover, the transport, extraction, processing, installation, production, disposal, recycling, and reusing of these construction industry feedstocks may all be performed more sustainably by including sustainable building materials in construction and building projects. However, market growth will probably be fueled by the rising demand for these materials in building and construction operations.

Threat:

Location and availability

It can be challenging to find the materials needed to construct these structures, particularly in urban regions where protecting the environment is not the norm. Another drawback of green building materials is choosing the proper location. Climate change is mostly attributable. Green buildings make the most of the sun's energy; therefore, using solar energy to build in an area with few sunny days would be detrimental because it might eventually run out of energy.

COVID-19 Impact:

The COVID-19 epidemic is rapidly overtaking nations and regions, having a profound effect on the supply chain at all levels. Lockdowns have been issued around the globe since March 2020, restricting the movement of individuals and products and adversely disrupting the supply chains of building firms. COVID-19 had a significant negative effect on the construction sector, which affected the market. The epidemic caused the construction industry to endure its worst period in several decades. Consequences include a lack of building supplies, logistical difficulties, a labor shortage, and uncertainty, which have caused construction attempts to be postponed or canceled around the world.

The exterior products segment is expected to be the largest during the forecast period

Due to the growing popularity of green roofing materials, the exterior products category is anticipated to hold the largest market share over the projected period. As Nature-Based Solutions (NBS) strives to tackle many environmental and socioeconomic issues brought on by climate change, green roofs are becoming more and more essential. Suburbs, cities, and towns are all considered urban settlements. Urban growth is necessary for urban settlements to develop effectively. Moreover, the 2030 Sustainable Development Goals and the New Urban Agenda both support cities' efforts to promote sustainability.

The residential building segment is expected to have the highest CAGR during the forecast period

Owing to the increasing number of proposals and building standards for energy-efficient construction, the residential building category is anticipated to have the highest CAGR over the course of the projection period. In the residential sector, green buildings are becoming more popular. Building materials that are both eco-friendly and energy-efficient are in demand. The main factors driving the market expansion of this category are the growing awareness of the environmental benefits of sustainable building materials and the expanding use of sustainable building methods in the residential sector.

Region with largest share:

Due to the high consumption of green building materials across all sorts of construction activities, North America is anticipated to dominate the market throughout the forecast period. The most extensively utilized green building rating system in the US is the LEED system. It offers a foundation for environmentally friendly, cost-effective, productive, and healthy buildings. Buildings with LEED certification increase efficiency, lower expenses, and reduce carbon emissions. Additionally, to safeguard the environment and minimize the effects of climate change, the Government of Canada has committed to decreasing the nation's total GHG emissions to 40-45% below 2005 levels by 2030 and to attain net zero by 2050. However, the Canadian government invested CAD 150 million in the development of the Canada Green Buildings Strategy in order to meet these objectives. For the purpose of achieving this goal, this approach will organize national action to transform markets and reduce expenses.

Region with highest CAGR:

Because of the region's expanding residential building sector, Asia-Pacific will experience rapid expansion during the projection period. The region's product demand is anticipated to be driven by the Paris Climate Agreement, which China and India approved in an attempt to combat climate change, as well as growing infrastructure development in both countries. On the market, a variety of green materials are employed, such as fiber cement composites, linoleum, and galvalume panels.

Key players in the market:

Some of the key players in Green Building Materials market include Alumasc Group plc. , Amvic Inc., BASF SE, Bauder Ltd, Binderholz GmbH, E. I. du Pont de Nemours and Company, Forbo International SA, Interface Inc., Kingspan Group, Owens Corning, PPG Industries, Inc., REDBUILT, Saint- Gobain, Sika AG, Soben International (Asia-Pacific) Ltd and National Fiber.

Key Developments:

In October 2022, Holcim acquired Wiltshire Heavy Building Materials, one of the leading companies providing building solutions and material circularity in the United Kingdom. This acquisition will strengthen Holcim's market presence in the United Kingdom's green building materials market.

In August 2022, Saint-Gobain acquired Kaycan, a manufacturer and distributor of exterior building materials in Canada and the United States. Saint-Gobain strengthened its global leadership in light and sustainable construction with this acquisition, becoming the leading player for sidings in Canada and expanding its vinyl offering across the United States with complementary solutions in aluminum and engineered wood.

In January 2022, Binderholz GmbH acquired the UK-based sawmill group, BSW Timber Ltd, which is a subsidiary of the Austrian Binderholz Group. BSW Timber Ltd produces more than 1.2 million cu. m of sawn timber per annum. This acquisition made Binderholz GmbH the largest sawmill and solid wood processing company in Europe.

Products Covered:

  • Exterior Products
  • Interior Products
  • Solar Products
  • Structural
  • Framing
  • Other Products

Applications Covered:

  • Residential Buildings
  • Non Residential Buildings
  • Other Applications

End Users Covered:

  • R & D Centers
  • Healthcare
  • Education
  • Public Facilities
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Product Analysis
  • 3.7 Application Analysis
  • 3.8 End User Analysis
  • 3.9 Emerging Markets
  • 3.10 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Green Building Materials Market, By Product

  • 5.1 Introduction
  • 5.2 Exterior Products
    • 5.2.1 Sidings
    • 5.2.2 Doors
    • 5.2.3 Roofing
    • 5.2.4 Windows
  • 5.3 Interior Products
    • 5.3.1 Insulation
    • 5.3.2 Flooring
  • 5.4 Solar Products
  • 5.5 Structural
  • 5.6 Framing
  • 5.7 Other Products

6 Global Green Building Materials Market, By Application

  • 6.1 Introduction
  • 6.2 Residential Buildings
  • 6.3 Non Residential Buildings
    • 6.3.1 Hospitality & Leisure
    • 6.3.2 Industrial
    • 6.3.3 Institutional
    • 6.3.4 Commercial & Office
  • 6.4 Other Applications

7 Global Green Building Materials Market, By End User

  • 7.1 Introduction
  • 7.2 R & D Centers
  • 7.3 Healthcare
  • 7.4 Education
  • 7.5 Public Facilities
  • 7.6 Other End Users

8 Global Green Building Materials Market, By Geography

  • 8.1 Introduction
  • 8.2 North America
    • 8.2.1 US
    • 8.2.2 Canada
    • 8.2.3 Mexico
  • 8.3 Europe
    • 8.3.1 Germany
    • 8.3.2 UK
    • 8.3.3 Italy
    • 8.3.4 France
    • 8.3.5 Spain
    • 8.3.6 Rest of Europe
  • 8.4 Asia Pacific
    • 8.4.1 Japan
    • 8.4.2 China
    • 8.4.3 India
    • 8.4.4 Australia
    • 8.4.5 New Zealand
    • 8.4.6 South Korea
    • 8.4.7 Rest of Asia Pacific
  • 8.5 South America
    • 8.5.1 Argentina
    • 8.5.2 Brazil
    • 8.5.3 Chile
    • 8.5.4 Rest of South America
  • 8.6 Middle East & Africa
    • 8.6.1 Saudi Arabia
    • 8.6.2 UAE
    • 8.6.3 Qatar
    • 8.6.4 South Africa
    • 8.6.5 Rest of Middle East & Africa

9 Key Developments

  • 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 9.2 Acquisitions & Mergers
  • 9.3 New Product Launch
  • 9.4 Expansions
  • 9.5 Other Key Strategies

10 Company Profiling

  • 10.1 Alumasc Group plc.
  • 10.2 Amvic Inc.
  • 10.3 BASF SE
  • 10.4 Bauder Ltd
  • 10.5 Binderholz GmbH
  • 10.6 E. I. du Pont de Nemours and Company
  • 10.7 Forbo International SA
  • 10.8 Interface Inc.
  • 10.9 Kingspan Group
  • 10.10 Owens Corning
  • 10.11 PPG Industries, Inc.
  • 10.12 REDBUILT
  • 10.13 Saint- Gobain
  • 10.14 Sika AG
  • 10.15 Soben International (Asia-Pacific) Ltd
  • 10.16 National Fiber

List of Tables

  • Table 1 Global Green Building Materials Market Outlook, By Region (2020-2028) ($MN)
  • Table 2 Global Green Building Materials Market Outlook, By Product (2020-2028) ($MN)
  • Table 3 Global Green Building Materials Market Outlook, By Exterior Products (2020-2028) ($MN)
  • Table 4 Global Green Building Materials Market Outlook, By Sidings (2020-2028) ($MN)
  • Table 5 Global Green Building Materials Market Outlook, By Doors (2020-2028) ($MN)
  • Table 6 Global Green Building Materials Market Outlook, By Roofing (2020-2028) ($MN)
  • Table 7 Global Green Building Materials Market Outlook, By Windows (2020-2028) ($MN)
  • Table 8 Global Green Building Materials Market Outlook, By Interior Products (2020-2028) ($MN)
  • Table 9 Global Green Building Materials Market Outlook, By Insulation (2020-2028) ($MN)
  • Table 10 Global Green Building Materials Market Outlook, By Flooring (2020-2028) ($MN)
  • Table 11 Global Green Building Materials Market Outlook, By Solar Products (2020-2028) ($MN)
  • Table 12 Global Green Building Materials Market Outlook, By Structural (2020-2028) ($MN)
  • Table 13 Global Green Building Materials Market Outlook, By Framing (2020-2028) ($MN)
  • Table 14 Global Green Building Materials Market Outlook, By Other Products (2020-2028) ($MN)
  • Table 15 Global Green Building Materials Market Outlook, By Application (2020-2028) ($MN)
  • Table 16 Global Green Building Materials Market Outlook, By Residential Buildings (2020-2028) ($MN)
  • Table 17 Global Green Building Materials Market Outlook, By Non Residential Buildings (2020-2028) ($MN)
  • Table 18 Global Green Building Materials Market Outlook, By Hospitality & Leisure (2020-2028) ($MN)
  • Table 19 Global Green Building Materials Market Outlook, By Industrial (2020-2028) ($MN)
  • Table 20 Global Green Building Materials Market Outlook, By Institutional (2020-2028) ($MN)
  • Table 21 Global Green Building Materials Market Outlook, By Commercial & Office (2020-2028) ($MN)
  • Table 22 Global Green Building Materials Market Outlook, By Other Applications (2020-2028) ($MN)
  • Table 23 Global Green Building Materials Market Outlook, By End User (2020-2028) ($MN)
  • Table 24 Global Green Building Materials Market Outlook, By R & D Centers (2020-2028) ($MN)
  • Table 25 Global Green Building Materials Market Outlook, By Healthcare (2020-2028) ($MN)
  • Table 26 Global Green Building Materials Market Outlook, By Education (2020-2028) ($MN)
  • Table 27 Global Green Building Materials Market Outlook, By Public Facilities (2020-2028) ($MN)
  • Table 28 Global Green Building Materials Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.