2030 年天然纤维复合材料 (NFC) 市场预测:按原材料、纤维类型、聚合物、技术、用途和地区进行的全球分析
市场调查报告书
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2030 年天然纤维复合材料 (NFC) 市场预测:按原材料、纤维类型、聚合物、技术、用途和地区进行的全球分析

Natural Fiber Composites Market Forecasts to 2030 - Global Analysis By Raw Material, Fiber Type, Polymer, Technology, Application and By Geography

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

价格

据Stratistics MRC预测,2023年全球天然纤维复合材料(NFC)市场规模将达到3.2823亿美元,预测期内年复合成长率为7.3%,预计到2030年将达到5.3749亿美元。

天然纤维复合材料是植物来源纤维和聚合物基体的组合。由于纤维。与替代方案相比,它既可以降低密度,又可以节省成本。 NFC 具有较长的保质期并且对生态有益。此外,NFC重量轻,因此可用于汽车、电子产品、体育用品、家具等。这些纤维具有优异的抗断裂性、强度、刚度以及隔热和隔音性能。

根据2015年日本法规,95%的汽车应重复使用或回收。

对电子设备和体育用品的需求不断增长

天然纤维比纤维或金属纤维更便宜、更环保。具有优良的减震性能。体育用品和电子设备是两个有吸引力的业务类别。天然纤维复合材料用于製造各种产品,包括滑雪板、网球拍、自行车、框架以及笔记本电脑和行动电话的外壳。由于其可生物降解、经济实惠、重量轻、耐损坏、强度高,被广泛应用于电气产品和运动器材,带动市场需求。

有限的热稳定性

天然纤维在变质和收缩之前可以承受高达 2,000 度C的温度,这使得天然纤维复合材料的性能不如其他材料製成的复合材料。由于它对其他材料没有黏合强度,因此只能在某些情况下使用。由于热质量有限,难以应用大规模生产技术,这阻碍了市场的拓展。

回收活动的兴起

由天然纤维製成的复合材料广泛可用且可再生。天然纤维和聚丙烯和聚乙烯等热塑性材料都很容易回收。天然纤维比其他纤维纤维便宜、更环保,因此越来越多地使用天然纤维,特别是亚麻和大麻来代替玻璃和碳纤维。由于发达国家当前和即将出台的废弃物管理法规,预计对公司解决废物问题的需求将会增加。此外,政府废弃物管理活动和回收意识的提高正在推动市场需求。

对湿气敏感

当使用韧皮纤维等天然纤维来增强聚合物复合材料时,湿度敏感性是一个主要问题。真菌导致这些纤维膨胀并开始分解。复合材料的力学性能发生变化。天然纤维吸收大量的水,这对纤维的强度、刚度和对疏水基质的粘附力有显着影响。这会导致复合材料在潮湿环境中过早劣化。这一要素阻碍了市场的拓展。

COVID-19 的影响:

儘管疫情给天然纤维复合材料市场带来了一些障碍,但它也为发展和创新带来了新的机会,有助于提高永续材料在全球经济中的知名度和重要性。许多公司被迫改进其製造方法,以应对不断变化的市场动态。因此,生产天然纤维复合材料的新的有效技术被创造出来,有助于降低价格和增加产量。随着越来越多的人认识到保护环境和减少废弃物的重要性,可持续永续性和循环经济越来越受到关注。

亚麻细分市场预计将在预测期内成为最大的细分市场

亚麻行业预计将出现良好的增长。亚麻复合材料具有高吸收能力。它起到阻尼器的作用,不仅可以衰减声波,还可以吸收震动。这些吸收特性使其成为特别有效的隔热材料。此外,亚麻纤维也是一种永续资源。亚麻因其高拉伸强度、阻挡紫外线、吸收震动和高保水性等优点而成为该行业最常用的原材料之一。

预计射出成型领域在预测期内年复合成长率最高

预计射出成型领域在预测期内将出现最快的年复合成长率。使用螺桿和外部热源,材料在称为“射出成型”的成型过程中熔化,并在冷却时注入模具中以产生所需的结果。这是一种闭模成型技术,结合大体积和压力来製造复合材料製品。此过程之后还有两个步骤:预热和加压。该技术可重复、可靠且高效。

占比最大的地区

预计亚太地区在预测期内将占据最大的市场份额。可支配收入的增加和生活质量的改善导致了该地区的巨大发展。中国是电子设备、汽车和体育用品的主要生产国之一。由于中国、印度和日本等国家建筑活动的扩大,天然纤维增强复合材料在该地区越来越受欢迎。此外,由于各国政府的新政策和投资,亚太其他地区对天然纤维复合材料的需求在预测期内也将增加。

复合年复合成长率最高的地区:

由于欧洲的日益普及和消费品需求的激增,预计欧洲在预测期内将呈现最高的年复合成长率。用于前后门线、行李箱线和行李架的天然聚合物基体的开发一直是欧洲汽车製造商深入研究的主题。德国是欧洲重要的大麻进口国,也是欧洲顶级汽车製造商之一。据估计,汽车行业对可生物降解和轻量化产品以提高车辆效率的需求日益增长,预计将刺激该地区的扩张。

免费定制服务:

订阅此报告的客户将收到以下免费定制选项之一:

  • 公司简介
    • 其他市场参与者的综合分析(最多 3 家公司)
    • 主要企业SWOT分析(最多3家企业)
  • 区域分割
    • 根据客户兴趣对主要国家的市场估计、预测和年复合成长率(注:基于可行性检查)
  • 竞争标杆管理
    • 根据产品系列、地域分布和战略联盟对主要企业进行基准测试

目录

第1章执行摘要

第2章前言

  • 概述
  • 利益相关者
  • 调查范围
  • 调查方法
    • 资料挖掘
    • 资料分析
    • 资料检验
    • 研究途径
  • 调查来源
    • 主要调查来源
    • 二次调查来源
    • 先决条件

第3章市场趋势分析

  • 促进因素
  • 抑制因素
  • 机会
  • 威胁
  • 技术分析
  • 用途分析
  • 新兴市场
  • 新型冠状病毒感染疾病(COVID-19)的影响

第4章波特五力分析

  • 供应商的议价能力
  • 买方议价能力
  • 替代品的威胁
  • 新进入者的威胁
  • 竞争公司之间的敌对关係

第5章全球天然纤维复合材料市场:按原材料分类

  • 棉布
  • 亚麻
  • 木头
  • 红麻
  • 黄麻
  • 其他原材料

第6章全球天然纤维复合材料市场:按纤维类型

  • 伍迪
  • 非木质的

第7章全球天然纤维复合材料市场:按聚合物分类

  • 热固性树脂
  • 热塑性树脂
    • 聚乙烯
    • 聚丙烯
    • PVC
    • 其他热塑性树脂

第8章全球天然纤维复合材料市场:按技术分类

  • 拉挤成型
  • 射出成型
  • 压缩成型
  • 其他技术

第9章全球天然纤维复合材料市场:按用途

  • 航太
  • 体育用品
  • 电力/电子
  • 建筑/施工
  • 其他用途

第10章全球天然纤维复合材料市场:按地区

  • 北美
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 意大利
    • 法国
    • 西班牙
    • 其他欧洲国家
  • 亚太地区
    • 日本
    • 中国
    • 印度
    • 澳大利亚
    • 纽西兰
    • 韩国
    • 其他亚太地区
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地区
  • 中东和非洲
    • 沙乌地阿拉伯
    • 阿拉伯聯合大公国
    • 卡达
    • 南非
    • 其他中东和非洲

第11章进展

  • 合同、伙伴关係、协作和合资企业
  • 收购和合併
  • 新产品发布
  • 业务扩展
  • 其他关键策略

第12章公司简介

  • The AZEK Company
  • Amorim Cork Composites SA
  • TTS Corporate
  • Fiberon Technologies Inc.
  • UPM Biocomposites
  • FlexForm Technologies
  • Polyvlies Franz Beyer GmbH & Co. Kg
  • Green Dot Bioplastics Inc.
  • Trex Company Inc.
  • GreenGran BN
  • Oldcastle APG
  • Jelu-Werk Josef Ehrler GmbH & Co. Kg
  • Tecnaro GmbH
  • Meshlin Composites ZRT
  • NPSP NV
  • Procotex Corp SA
  • Kafus Bio-Composites Inc.
  • Tagleef Industries
Product Code: SMRC23468

According to Stratistics MRC, the Global Natural Fiber Composites Market is accounted for $328.23 million in 2023 and is expected to reach $537.49 million by 2030 growing at a CAGR of 7.3% during the forecast period. Natural fibre composites combine plant-derived fibres with a polymeric matrix. Due to their attractive physical traits and chemical makeup, NFCs are a suitable replacement for glass fibre and carbon fibre. When compared to alternatives, they provide both a reduction in density and cost savings. They have a lengthy shelf life and are ecologically beneficial. Additionally, because NFCs are lightweight, they may be used in automotive, electrical, sporting goods, and furniture products. These fibres have excellent fracture resistance, strength, stiffness, and thermal and acoustic insulation properties.

According to a 2015 regulation in Japan, 95% of vehicles should be reused or recycled.

Market Dynamics:

Driver:

Growing demand for electronics and sporting goods

Natural fibers are less expensive and more environmentally friendly option to synthetic and metallic fibres. It performs well at dampening and absorbing shock. Sports equipment and electronics are two attractive business categories. Natural fibre composites are used to make a variety of goods, including snowboards, tennis rackets, bicycles, frames, and laptop and mobile phone covers. Due to its advantages, which include biodegradability, affordability, lightness, resistance to damage, and high strength, it is being used excessively in electrical and athletic products, which is driving up the market demand.

Restraint:

Limited thermal stability

Natural fibres may withstand temperatures of up to 2,000°C before degrading and shrinking, and because of this, natural fibre composites perform less well than those made of other materials. Due to their lack of adhesion to other materials, they can only be used in certain situations. Due to its limitations in thermal qualities, it is difficult to apply mass production techniques, which hinders market expansion.

Opportunity:

Rising recycling activities

Composites made of natural fibres are widely available and renewable. Both natural fibres and thermoplastic materials like polypropylene and polyethylene are easily recyclable. As they are less expensive and more ecologically beneficial than other fibres, natural fibres, particularly flax and hemp, are being utilised more frequently in place of glass and carbon fibres. The demand on the businesses to solve the disposal issues is projected to intensify as a result of current and upcoming regulations pertaining to waste management in industrialised nations. Additionally, rising government waste management activities and awareness of recycling are boosting market demand.

Threat:

Moisture sensitivity

Moisture sensitivity is the most primary concern when natural fibers, such as bast fibers, are used to reinforce polymer composites. Through fungi, these fibres enlarge and begin to degrade. The composite's mechanical characteristics are altered. Natural fibres absorb a lot of moisture, which severely affects their strength, stiffness, and ability to stick to the hydrophobic matrix. This causes the composite material to degrade prematurely in damp or humid settings. This factor inhibits market expansion.

COVID-19 Impact:

The pandemic has posed several obstacles for the market for natural fibre composites, but it has also opened up fresh windows of opportunity for development and innovation and has contributed to raising the profile and significance of sustainable materials in the global economy. Numerous businesses have been compelled by the epidemic to enhance their manufacturing methods in order to cope with the shifting market dynamics. As a result, new and more effective techniques for creating natural fibre composites have been created, which may assist to lower prices and boost output. Due to the epidemic, sustainability and the circular economy are receiving increasing attention as more people understand how crucial it is to protect the environment and cut down on waste.

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

The flax segment is estimated to have a lucrative growth. Flax composites have a high capacity for absorption. They operate as a damper, absorbing shocks in addition to dampening sound waves. It is a particularly effective thermal insulator due to these absorption qualities. Additionally, flax fibres are a sustainable resource. Flax is one of the most often used raw materials in the business because of its benefits, which include high tensile strength, ultraviolet rays blocking capabilities, vibration absorbent, and high water retention.

The injection molding segment is expected to have the highest CAGR during the forecast period

The injection molding segment is anticipated to witness the fastest CAGR growth during the forecast period. With the use of a screw and an external heating source, the material is melted in the moulding process known as "injection moulding," which is then injected into a mould to create the desired result while the mould cools. It is a closed moulding technique that combines high volume and pressure to create composite items. Two more steps-preheating and pressurizing-follow this procedure. This technique has great reproducibility and dependability and is extremely effective.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period. Due to rising disposable income and a better quality of life, this region saw excellent development. China is one of the major producers of electronics, automobiles, and sporting goods. Natural fiber-reinforced composites are becoming more popular in the region as a result of expanding building activity in nations like China, India, and Japan. Additionally, the demand for natural fiber composites in the remaining parts of Asia-Pacific will also increase throughout the projected period as a result of new policies and investments made by various governments.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to its rising popularity and soaring consumer goods demand. The development of a natural polymer matrix for front and rear door lines, boot lines, and parcel shelves is the subject of intensive study by European automakers. Germany is a significant importer of hemp in Europe as well as one of the top automakers in the continent. According to estimates, the automobile industry's growing desire for biodegradable and lightweight goods to improve the vehicle's efficiency would fuel the expansion of the region.

Key players in the market:

Some of the key players profiled in the Natural Fiber Composites Market include: The AZEK Company, Amorim Cork Composites SA, TTS Corporate, Fiberon Technologies Inc., UPM Biocomposites, FlexForm Technologies, Polyvlies Franz Beyer GmbH & Co. Kg, Green Dot Bioplastics Inc., Trex Company Inc., GreenGran BN, Oldcastle APG, Jelu-Werk Josef Ehrler GmbH & Co. Kg, Tecnaro GmbH, Meshlin Composites ZRT, NPSP NV, Procotex Corp SA, Kafus Bio-Composites Inc. and Tagleef Industries.

Key Developments:

In June 2022, Tecnaro and JOMA-POLYTEC founded a joint venture, ARBOTRADE GmbH. The venture jointly markets products made of bioplastics for the reforestation of forests. This merger creates a connection with a very high level of added value. TECNARO acts as a material developer and manufacturer and Joma-Polytec as a material processor so that customers can get everything from the raw material to the product from a single source. The joint company, ARBOTRADE GmbH, then takes over the sale of the innovative in-house developments on the market.

In June 2021, Procotex acquired ELG UK's short carbon fiber business. This acquisition leads to the successful completion of the next critical step in providing carbon fibers withlarger capacities and feedstocks to the compounding and other industries.

Raw Materials Covered:

  • Cotton
  • Flax
  • Wood
  • Hemp
  • Kenaf
  • Jute
  • Other Raw Materials

Fiber Types Covered:

  • Wood Fiber Composites
  • Non-wood Fiber Composites

Polymers Covered:

  • Thermosets
  • Thermoplastics

Technologies Covered:

  • Pultrusion
  • Injection Molding
  • Compression Molding
  • Other Technologies

Applications Covered:

  • Automotive
  • Aerospace
  • Sporting Goods
  • Electrical & Electronics
  • Building & Construction
  • Other Applications

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 Technology Analysis
  • 3.7 Application 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 Natural Fiber Composites Market, By Raw Material

  • 5.1 Introduction
  • 5.2 Cotton
  • 5.3 Flax
  • 5.4 Wood
  • 5.5 Hemp
  • 5.6 Kenaf
  • 5.7 Jute
  • 5.8 Other Raw Materials

6 Global Natural Fiber Composites Market, By Fiber Type

  • 6.1 Introduction
  • 6.2 Wood Fiber Composites
  • 6.3 Non-wood Fiber Composites

7 Global Natural Fiber Composites Market, By Polymer

  • 7.1 Introduction
  • 7.2 Thermosets
  • 7.3 Thermoplastics
    • 7.3.1 Polyethylene
    • 7.3.2 Polypropylene
    • 7.3.3 Poly Vinyl Chloride
    • 7.3.4 Other Thermoplastics

8 Global Natural Fiber Composites Market, By Technology

  • 8.1 Introduction
  • 8.2 Pultrusion
  • 8.3 Injection Molding
  • 8.4 Compression Molding
  • 8.5 Other Technologies

9 Global Natural Fiber Composites Market, By Application

  • 9.1 Introduction
  • 9.2 Automotive
  • 9.3 Aerospace
  • 9.4 Sporting Goods
  • 9.5 Electrical & Electronics
  • 9.6 Building & Construction
  • 9.7 Other Applications

10 Global Natural Fiber Composites 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 The AZEK Company
  • 12.2 Amorim Cork Composites SA
  • 12.3 TTS Corporate
  • 12.4 Fiberon Technologies Inc.
  • 12.5 UPM Biocomposites
  • 12.6 FlexForm Technologies
  • 12.7 Polyvlies Franz Beyer GmbH & Co. Kg
  • 12.8 Green Dot Bioplastics Inc.
  • 12.9 Trex Company Inc.
  • 12.10 GreenGran BN
  • 12.11 Oldcastle APG
  • 12.12 Jelu-Werk Josef Ehrler GmbH & Co. Kg
  • 12.13 Tecnaro GmbH
  • 12.14 Meshlin Composites ZRT
  • 12.15 NPSP NV
  • 12.16 Procotex Corp SA
  • 12.17 Kafus Bio-Composites Inc.
  • 12.18 Tagleef Industries

List of Tables

  • Table 1 Global Natural Fiber Composites Market Outlook, By Region (2021-2030) ($MN)
  • Table 2 Global Natural Fiber Composites Market Outlook, By Raw Material (2021-2030) ($MN)
  • Table 3 Global Natural Fiber Composites Market Outlook, By Cotton (2021-2030) ($MN)
  • Table 4 Global Natural Fiber Composites Market Outlook, By Flax (2021-2030) ($MN)
  • Table 5 Global Natural Fiber Composites Market Outlook, By Wood (2021-2030) ($MN)
  • Table 6 Global Natural Fiber Composites Market Outlook, By Hemp (2021-2030) ($MN)
  • Table 7 Global Natural Fiber Composites Market Outlook, By Kenaf (2021-2030) ($MN)
  • Table 8 Global Natural Fiber Composites Market Outlook, By Jute (2021-2030) ($MN)
  • Table 9 Global Natural Fiber Composites Market Outlook, By Other Raw Materials (2021-2030) ($MN)
  • Table 10 Global Natural Fiber Composites Market Outlook, By Fiber Type (2021-2030) ($MN)
  • Table 11 Global Natural Fiber Composites Market Outlook, By Wood Fiber Composites (2021-2030) ($MN)
  • Table 12 Global Natural Fiber Composites Market Outlook, By Non-wood Fiber Composites (2021-2030) ($MN)
  • Table 13 Global Natural Fiber Composites Market Outlook, By Polymer (2021-2030) ($MN)
  • Table 14 Global Natural Fiber Composites Market Outlook, By Thermosets (2021-2030) ($MN)
  • Table 15 Global Natural Fiber Composites Market Outlook, By Thermoplastics (2021-2030) ($MN)
  • Table 16 Global Natural Fiber Composites Market Outlook, By Polyethylene (2021-2030) ($MN)
  • Table 17 Global Natural Fiber Composites Market Outlook, By Polypropylene (2021-2030) ($MN)
  • Table 18 Global Natural Fiber Composites Market Outlook, By Poly Vinyl Chloride (2021-2030) ($MN)
  • Table 19 Global Natural Fiber Composites Market Outlook, By Other Thermoplastics (2021-2030) ($MN)
  • Table 20 Global Natural Fiber Composites Market Outlook, By Technology (2021-2030) ($MN)
  • Table 21 Global Natural Fiber Composites Market Outlook, By Pultrusion (2021-2030) ($MN)
  • Table 22 Global Natural Fiber Composites Market Outlook, By Injection Molding (2021-2030) ($MN)
  • Table 23 Global Natural Fiber Composites Market Outlook, By Compression Molding (2021-2030) ($MN)
  • Table 24 Global Natural Fiber Composites Market Outlook, By Other Technologies (2021-2030) ($MN)
  • Table 25 Global Natural Fiber Composites Market Outlook, By Application (2021-2030) ($MN)
  • Table 26 Global Natural Fiber Composites Market Outlook, By Automotive (2021-2030) ($MN)
  • Table 27 Global Natural Fiber Composites Market Outlook, By Aerospace (2021-2030) ($MN)
  • Table 28 Global Natural Fiber Composites Market Outlook, By Sporting Goods (2021-2030) ($MN)
  • Table 29 Global Natural Fiber Composites Market Outlook, By Electrical & Electronics (2021-2030) ($MN)
  • Table 30 Global Natural Fiber Composites Market Outlook, By Building & Construction (2021-2030) ($MN)
  • Table 31 Global Natural Fiber Composites Market Outlook, By Other Applications (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.