到 2030 年玄武岩纖維市場預測 - 按產品類型、類型、型態、方法、最終用戶和地區進行的全球分析
市場調查報告書
商品編碼
1339940

到 2030 年玄武岩纖維市場預測 - 按產品類型、類型、型態、方法、最終用戶和地區進行的全球分析

Basalt Fiber Market Forecasts to 2030 - Global Analysis By Product Type, Type (Composites and Non-Composites), Form, Method, 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 的數據,2023 年全球玄武岩纖維市場規模為 3.251 億美元,預計在預測期內將以 14.5% 的年複合成長率成長,到 2030 年達到 8.39 億美元。

由玄武岩製成的產品稱為玄武岩纖維,可用作碳纖維和玻璃纖維的替代品。玄武岩纖維是由玄武岩經高溫熔化而成。這種材料由輝石和橄欖石、斜長石等礦物質結構。玄武岩纖維具有優良的電磁性能、高拉伸強度、高結構可靠性、機械性質、無毒性、不易燃。它還具有廣泛的熱性能。

根據OICA統計,2021年全球汽車產量從2020年的7,77,11,725輛增至8,01,45,988輛,增幅超過3%。

市場動態:

促進因素

汽車產業需求增加

汽車產業對玄武岩纖維的所有品質和性能的需求不斷成長。這些品質包括強大的機械性能、耐高溫、耐用性、耐化學性和環境友善性。玄武岩纖維在汽車工業中用於車頂內襯、CNG 氣缸、燃料箱、煞車片、離合器片、排氣系統、消音器填料、面板、螢幕、輪胎罩、由紡織品和熱塑性化合物製成的內部和外部零件。用於零件等多種零件。由於這些因素,玄武岩纖維市場可能在未來幾年在全球擴張。

抑制因素

缺乏有關用途的資訊

玄武岩纖維的生產受到幾個問題的阻礙。生產玄武岩纖維所需的高品質且化學性質正確的玄武岩僅在東歐的有限地區發現。此外,儘管玄武岩纖維比 S 玻璃纖維和 E 玻璃纖維具有許多優點,但由於對其用途缺乏了解和明確性,玄武岩纖維目前纖維在許多用途中進行商業性使用。我還沒有。

機會:

增加可回收和環保材料的使用

環保且易於回收的纖維增強複合材料始終受到市場歡迎。這是一系列新的、嚴格的政府法律法規的結果。越來越多的消費者開始轉向環保且可回收的產品。美國、日本和德國等一些已開發國家正逐步淘汰石油基產品的使用,轉而使用環保產品和生物基材料。此外,政府規則和法規預計將增加玄武岩纖維和其他天然纖維在建築、基礎設施、汽車和運輸等許多最終用途行業中的使用。

威脅

高成本和技術挑戰

玄武岩纖維比無鹼玻璃、碳纖維和芳綸貴。由於其不透明的性質,玄武岩比玻璃更難均勻加熱,需要製造創新,例如將熔融材料長時間儲存在儲存中以及使用階段加熱系統。與透明玻璃相反,不透明玄武岩吸收而不是傳輸紅外光。因此,在玻璃熔爐中使用標準的頂置燃氣燃燒器很難均勻地加熱玄武岩混合物。生產玄武岩纖維所涉及的技術困難限制了市場的擴張。

COVID-19 的影響:

在全球範圍內,COVID-19 的爆發對玄武岩纖維供應鏈產生了負面影響。許多國家的封鎖導致原物料交付延遲,影響了全球市場的擴張。消費者消費能力下降,影響了航空、建築和汽車產業。因此,玄武岩纖維市場成長有限。

複合材料領域預計將在預測期內成為最大的產業

由於其卓越的耐用性、耐腐蝕性和耐高溫性,複合玄武岩纖維在各個部門的需求量很大,預計將創下最大的市場佔有率。此外,隨著輕質材料在汽車和航太領域越來越普及,複合玄武岩纖維的需求量很大,因為它們有助於在減輕重量的同時保持結構完整性。此外,由於消費者越來越意識到其提供的環境效益,同時比碳纖維和玻璃纖維等其他複合材料更便宜,市場正在不斷成長。

建築和基礎設施領域預計在預測期內複合年複合成長率最高。

由於玄武岩纖維複合材料結合了高強度重量比、耐化學性、耐腐蝕性、低導熱性以及缺乏導電和磁導性等特性,在建築和基礎設施中逐漸取代鋼材行業。該領域預計將快速成長。玄武岩纖維用於各種建築項目,包括組裝住宅和建築、冷地暖板、防火隔間、防火牆和門。其次是鋼筋、拉擠承重型材、雙軸、三軸玄武岩纖維織物、玄武岩鋼筋網、玄武岩纖維混凝土等,成長範圍廣大。

佔比最大的地區:

預計亞太地區將在預測期內主導全球市場。中國、日本和印度等國家建設活動的活性化預計將增加亞太地區對玄武岩纖維的需求。此外,該地區再生能源的成長趨勢導致風力發電機安裝數量的增加,這進一步有助於亞太地區的市場擴張。

複合年複合成長率最高的地區:

北美也佔全球玄武岩纖維市場的很大一部分。位於北卡羅來納州謝爾比的全球最大的玄武岩纖維製造工廠目前正在接受 Mafic 的訂單。透過結合各自的專業知識,兩家公司將共同努力提高玄武岩纖維的特殊機械性能。此外,由於基礎設施的快速發展和產業用紡織品領域的成長,預計該地區的市場收入將出現成長。

免費客製化服務:

訂閱此報告的客戶將收到以下免費自訂選項之一:

  • 公司簡介
    • 其他市場參與者的綜合分析(最多 3 家公司)
    • 主要企業SWOT分析(最多3家企業)
  • 區域分割
    • 根據客戶興趣對主要國家的市場估計、預測和年複合成長率(註:基於可行性檢查)
  • 競爭標竿管理
    • 根據產品系列、地理分佈和策略聯盟對主要企業進行基準測試

目錄

第1章 執行摘要

第2章 前言

  • 概述
  • 利害關係人
  • 調查範圍
  • 調查方法
    • 資料探勘
    • 資料分析
    • 資料檢驗
    • 研究途徑
  • 調查來源
    • 主要調查來源
    • 二次調查來源
    • 先決條件

第3章 市場趨勢分析

  • 促進因素
  • 抑制因素
  • 機會
  • 威脅
  • 產品分析
  • 最終用戶分析
  • 新興市場
  • 新型冠狀病毒感染疾病(COVID-19)的影響

第4章 波特五力分析

  • 供應商的議價能力
  • 買方議價能力
  • 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 全球玄武岩纖維市場:依產品類型

  • 短切絲
  • 織物
  • 網格和網格
  • 流動的

第6章 全球玄武岩纖維市場:依類型

  • 複合材料
  • 非複合材料的

第7章 全球玄武岩纖維市場:依型態

  • 連續的
  • 離散的

第8章 全球玄武岩纖維市場:依方法分類

  • 拉擠成型
  • 壓縮成型
  • 纖維纏繞
  • 手上籃
  • 預浸料
  • 樹脂成型品
  • 噴槍
  • 真空注射
  • 其他方法

第9章 全球玄武岩纖維市場:依最終用戶分類

  • 航太和國防
  • 汽車和交通
  • 化學品
  • 建築和基礎設施
  • 電力/電子
  • 海洋
  • 風力發電
  • 其他最終用戶

第10章 全球玄武岩纖維市場:依地區

  • 北美洲
    • 美國
    • 加拿大
    • 墨西哥
  • 歐洲
    • 德國
    • 英國
    • 義大利
    • 法國
    • 西班牙
    • 其他歐洲國家
  • 亞太地區
    • 日本
    • 中國
    • 印度
    • 澳洲
    • 紐西蘭
    • 韓國
    • 其他亞太地區
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地區
  • 中東和非洲
    • 沙烏地阿拉伯
    • 阿拉伯聯合大公國
    • 卡達
    • 南非
    • 其他中東和非洲

第11章進展

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

第12章公司簡介

  • Hebei Tong-Hui Technology
  • Incotelogy GmbH
  • Isomatex SA
  • JiangSu Tian Long Continuous Basalt Fiber Co., Ltd.
  • Kamenny VEK
  • Mafic SA
  • Mudanjiang Jinshi Basalt Fiber Co. Ltd.
  • Basalt Fibers
  • Russian Basalt LLC.
  • Shanxi Basalt Fiber Technology Co Ltd.
  • Sudaglass Fiber Technology
  • Technobasalt-Invest LLC
  • Zhejiang GBF
Product Code: SMRC23648

According to Stratistics MRC, the Global Basalt Fiber Market is accounted for $325.1 million in 2023 and is expected to reach $839.0 million by 2030 growing at a CAGR of 14.5% during the forecast period. A product made from basalt rock called basalt fiber is used as a substitute for carbon and glass fiber. By melting basalt rocks at high temperatures, basalt fiber is created. Pyroxene and minerals like olivine and plagioclase make up this substance. Basalt fiber has superior electromagnetic properties, high tensile strength, high structural reliability, mechanical properties, no toxicity, and is non-combustible. It also has a good thermal performance range.

According to OICA, in 2021, the global motor vehicle production has increased from 7,77,11,725 units in 2020 to about 8,01,45,988 in 2021 which is an increase of more than 3%.

Market Dynamics:

Driver:

Rising demand from automotive industry

There is huge rise in automotive industry for all of basalt fiber's qualities and properties. These qualities include strong mechanical properties, resistance to high temperatures, durability, chemical resistance, and environmental friendliness. Basalt fiber is utilized in the automotive industry for many parts, including headliners, CNG cylinders, fuel tanks, brake pads, clutch plates, exhausting systems, muffler filler, panels, screens, tire covers, interior and exterior parts made of fabrics, and parts and components made of thermoplastic compounds. All of these elements will probably cause the basalt fiber market to expand globally in the coming years.

Restraint:

Lack of information on its uses

The production of basalt fibers is hindered by some issues. There are only a few places in Eastern Europe where basalt rocks are of high quality and have the correct chemical composition needed to produce basalt fibers. Furthermore, despite having a number of advantages over S-glass and E-glass fiber, basalt fiber is not currently being used commercially in many applications due to a lack of knowledge and clarity surrounding its applications.

Opportunity:

Rising usage of recyclable and environmentally friendly materials

Fiber-reinforced composites that are environmentally friendly and easily recyclable are in constant demand. This is a result of the numerous new, strict government laws and regulations. A growing number of consumers are switching to recyclable goods that are safe for the environment. The use of petroleum-based products is being phased out in some developed nations, such as the US, Japan, and Germany, in favor of environmentally friendly goods and bio-based materials. Moreover, the government's rules and regulations are anticipated to increase the use of basalt fiber and other natural fibers in construction, infrastructure, automotive, and transportation, among many other end-use industries.

Threat:

High cost and technical challenges

Basalt fiber is more expensive than E-glass, carbon fiber, or aramid. Due to its opaque nature, basalt is much harder to heat uniformly than glass and requires manufacturing modifications like keeping the molten material in a reservoir for a longer period of time or using a two-stage heating system. Contrary to transparent glass, opaque basalt absorbs infrared light rather than transmitting it. As a result, standard overhead gas burners in glass furnaces have trouble evenly heating the basalt mixture. The technical difficulties involved in making basalt fibers are limiting market expansion.

COVID-19 Impact:

Globally, the COVID-19 outbreak had a negative effect on the basalt fiber supply chain. The delivery of raw materials was delayed as a result of lockdowns in many nations, which had an impact on global market expansion. Consumer spending power has decreased, which has an impact on the aviation, building, and auto industries. As a result, the market for basalt fiber has experienced limited growth.

The composites segment is expected to be the largest during the forecast period

Due to the superior durability, resistance to corrosive elements, and high temperature tolerance across sectors, composite basalt fiber is in high demand and is anticipated to register the largest market share. In addition, as lightweight materials become more popular in the automotive and aerospace sectors, composite basalt fiber is becoming more in demand because it helps structures remain structurally sound while reducing weight. Furthermore, the market is expanding as a result of consumers' growing awareness of the advantages it offers the environment while still being more affordable than other composite materials like carbon and glass fibers.

The construction and infrastructure segment is expected to have the highest CAGR during the forecast period

Due to their distinctive combination of qualities, including their high strength-to-weight ratio, chemical and corrosion resistance, low thermal conductivity, and lack of electrical and magnetic conduction, basalt fiber composite materials are gradually replacing steel in the construction and Infrastructure industries, and this segment is expected to witness rapid growth. Basalt fibers are used for a variety of construction projects, including assembled homes and buildings, cold floor heating plates, fire partitions, firewalls, and fire doors. It also continues in reinforced rebars, pultruded load-bearing profiles, biaxial and triaxial basalt fabrics, basalt reinforcing meshes, and basalt fiber-reinforced concrete, where there is wide scope for their growth.

Region with largest share:

During the forecast period, the Asia-Pacific region is anticipated to dominate the global market. Growing building and construction activity in nations like China, Japan, and India is anticipated to increase basalt fiber demand in the Asia-Pacific region. Furthermore, the region's growing emphasis on renewable energy sources has increased the number of wind turbine installations, which has further contributed to the expansion of the market in this Asia-Pacific region.

Region with highest CAGR:

North America also accounts for a sizable portion of the global basalt fiber market. The world's largest basalt fiber manufacturing facility, located in Shelby, North Carolina, has started accepting orders from Mafic. By combining their respective expertise, the companies will work together to improve the special mechanical properties of basalt fiber. Additionally, the region's market is anticipated to experience revenue growth as a result of rapid infrastructure development and growth in the technical textile sector.

Key players in the market:

Some of the key players profiled in the Basalt Fiber Market include: Hebei Tong-Hui Technology, Incotelogy GmbH, Isomatex SA, JiangSu Tian Long Continuous, Basalt Fiber Co., Ltd., Kamenny VEK, Mafic SA, Mudanjiang Jinshi Basalt Fiber Co. Ltd., Basalt Fibers, Russian Basalt LLC., Shanxi Basalt Fiber Technology Co Ltd., Sudaglass Fiber Technology, Technobasalt-Invest LLC and Zhejiang GBF.

Key Developments:

  • In March 2022, USDA-RD State Director Announcing $3 Million Investment with Mafic USA. Mafic USA will use a USDA Business and Industry Loan to finance the purchase of equipment to expand the capacity of its facility.
  • In July 2020, Mafic USA has commenced operations at the world's largest basalt fiber production facility in Shelby, North Carolina. It is also the first such facility in North America. Last week, the company completed the highly calibrated process of starting-up the plant's furnace. This week, Mafic's team began melting basalt rock and pulling the first fiber at the plant. This marks a major step forward in the company's goal to bring basalt fiber to North American markets and to produce the product on a commercially viable scale.

Product Types Covered:

  • Chopped Strands
  • Fabric
  • Mesh and Grids
  • Roving

Types Covered:

  • Composites
  • Non-Composites

Forms Covered:

  • Continuous
  • Discrete

Methods Covered:

  • Pultrusion
  • Compression Moulding
  • Filament Winding
  • Hand Layup
  • Prepregs
  • Resin Moulding
  • Spray Gun
  • Vacuum Infusion
  • Other Methods

End Users Covered:

  • Aerospace & Defence
  • Automotive & Transportation
  • Chemicals
  • Construction & Infrastructure
  • Electrical & Electronics
  • Marine
  • Wind Energy
  • Others 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 2021, 2022, 2023, 2026 and 2030
  • 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 End User Analysis
  • 3.8 Emerging Markets
  • 3.9 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 Basalt Fiber Market, By Product Type

  • 5.1 Introduction
  • 5.2 Chopped Strands
  • 5.3 Fabric
  • 5.4 Mesh and Grids
  • 5.5 Roving

6 Global Basalt Fiber Market, By Type

  • 6.1 Introduction
  • 6.2 Composites
  • 6.3 Non-Composites

7 Global Basalt Fiber Market, By Form

  • 7.1 Introduction
  • 7.2 Continuous
  • 7.3 Discrete

8 Global Basalt Fiber Market, By Method

  • 8.1 Introduction
  • 8.2 Pultrusion
  • 8.3 Compression Moulding
  • 8.4 Filament Winding
  • 8.5 Hand Layup
  • 8.6 Prepregs
  • 8.7 Resin Moulding
  • 8.8 Spray Gun
  • 8.9 Vacuum Infusion
  • 8.10 Other Methods

9 Global Basalt Fiber Market, By End User

  • 9.1 Introduction
  • 9.2 Aerospace & Defence
  • 9.3 Automotive & Transportation
  • 9.4 Chemicals
  • 9.5 Construction & Infrastructure
  • 9.6 Electrical & Electronics
  • 9.7 Marine
  • 9.8 Wind Energy
  • 9.9 Others End Users

10 Global Basalt Fiber Market, By Geography

  • 10.1 Introduction
  • 10.2 North America
    • 10.2.1 US
    • 10.2.2 Canada
    • 10.2.3 Mexico
  • 10.3 Europe
    • 10.3.1 Germany
    • 10.3.2 UK
    • 10.3.3 Italy
    • 10.3.4 France
    • 10.3.5 Spain
    • 10.3.6 Rest of Europe
  • 10.4 Asia Pacific
    • 10.4.1 Japan
    • 10.4.2 China
    • 10.4.3 India
    • 10.4.4 Australia
    • 10.4.5 New Zealand
    • 10.4.6 South Korea
    • 10.4.7 Rest of Asia Pacific
  • 10.5 South America
    • 10.5.1 Argentina
    • 10.5.2 Brazil
    • 10.5.3 Chile
    • 10.5.4 Rest of South America
  • 10.6 Middle East & Africa
    • 10.6.1 Saudi Arabia
    • 10.6.2 UAE
    • 10.6.3 Qatar
    • 10.6.4 South Africa
    • 10.6.5 Rest of Middle East & Africa

11 Key Developments

  • 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 11.2 Acquisitions & Mergers
  • 11.3 New Product Launch
  • 11.4 Expansions
  • 11.5 Other Key Strategies

12 Company Profiling

  • 12.1 Hebei Tong-Hui Technology
  • 12.2 Incotelogy GmbH
  • 12.3 Isomatex SA
  • 12.4 JiangSu Tian Long Continuous Basalt Fiber Co., Ltd.
  • 12.5 Kamenny VEK
  • 12.6 Mafic SA
  • 12.7 Mudanjiang Jinshi Basalt Fiber Co. Ltd.
  • 12.8 Basalt Fibers
  • 12.9 Russian Basalt LLC.
  • 12.10 Shanxi Basalt Fiber Technology Co Ltd.
  • 12.11 Sudaglass Fiber Technology
  • 12.12 Technobasalt-Invest LLC
  • 12.13 Zhejiang GBF

List of Tables

  • Table 1 Global Basalt Fiber Market Outlook, By Region (2021-2030) ($MN)
  • Table 2 Global Basalt Fiber Market Outlook, By Product Type (2021-2030) ($MN)
  • Table 3 Global Basalt Fiber Market Outlook, By Chopped Strands (2021-2030) ($MN)
  • Table 4 Global Basalt Fiber Market Outlook, By Fabric (2021-2030) ($MN)
  • Table 5 Global Basalt Fiber Market Outlook, By Mesh and Grids (2021-2030) ($MN)
  • Table 6 Global Basalt Fiber Market Outlook, By Roving (2021-2030) ($MN)
  • Table 7 Global Basalt Fiber Market Outlook, By Type (2021-2030) ($MN)
  • Table 8 Global Basalt Fiber Market Outlook, By Composites (2021-2030) ($MN)
  • Table 9 Global Basalt Fiber Market Outlook, By Non-Composites (2021-2030) ($MN)
  • Table 10 Global Basalt Fiber Market Outlook, By Form (2021-2030) ($MN)
  • Table 11 Global Basalt Fiber Market Outlook, By Continuous (2021-2030) ($MN)
  • Table 12 Global Basalt Fiber Market Outlook, By Discrete (2021-2030) ($MN)
  • Table 13 Global Basalt Fiber Market Outlook, By Method (2021-2030) ($MN)
  • Table 14 Global Basalt Fiber Market Outlook, By Pultrusion (2021-2030) ($MN)
  • Table 15 Global Basalt Fiber Market Outlook, By Compression Moulding (2021-2030) ($MN)
  • Table 16 Global Basalt Fiber Market Outlook, By Filament Winding (2021-2030) ($MN)
  • Table 17 Global Basalt Fiber Market Outlook, By Hand Layup (2021-2030) ($MN)
  • Table 18 Global Basalt Fiber Market Outlook, By Prepregs (2021-2030) ($MN)
  • Table 19 Global Basalt Fiber Market Outlook, By Resin Moulding (2021-2030) ($MN)
  • Table 20 Global Basalt Fiber Market Outlook, By Spray Gun (2021-2030) ($MN)
  • Table 21 Global Basalt Fiber Market Outlook, By Vacuum Infusion (2021-2030) ($MN)
  • Table 22 Global Basalt Fiber Market Outlook, By Other Methods (2021-2030) ($MN)
  • Table 23 Global Basalt Fiber Market Outlook, By End User (2021-2030) ($MN)
  • Table 24 Global Basalt Fiber Market Outlook, By Aerospace & Defence (2021-2030) ($MN)
  • Table 25 Global Basalt Fiber Market Outlook, By Automotive & Transportation (2021-2030) ($MN)
  • Table 26 Global Basalt Fiber Market Outlook, By Chemicals (2021-2030) ($MN)
  • Table 27 Global Basalt Fiber Market Outlook, By Construction & Infrastructure (2021-2030) ($MN)
  • Table 28 Global Basalt Fiber Market Outlook, By Electrical & Electronics (2021-2030) ($MN)
  • Table 29 Global Basalt Fiber Market Outlook, By Marine (2021-2030) ($MN)
  • Table 30 Global Basalt Fiber Market Outlook, By Wind Energy (2021-2030) ($MN)
  • Table 31 Global Basalt Fiber Market Outlook, By Others End Users (2021-2030) ($MN)

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