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市场调查报告书
商品编码
1617087

2030 年基油市场预测：按产品类型、应用、最终用户和地区分類的全球分析

Base Oil Market Forecasts to 2030 - Global Analysis By Product Type, Application, End User and By Geography
出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3个工作天内

价格

根据Stratistics MRC的数据，2024年全球基油市场规模为370.6亿美元，预计将以6.6%的复合年增长率成长，到2030年达到543.8亿美元。

基油是润滑油的主要成分，可由原油或化学合成获得。它是机油、传动液和工业润滑油的基础。基础油的类型和品质极大地影响润滑油的黏度、抗氧化性和摩擦等性能。通常将添加剂混合到基油中以增强特定性能，例如耐磨性或极压性能。

根据美国能源资讯署（EIA）的数据，2022年美国平均石油消费量约为2,028万桶/日。

汽车产业需求增加

全球汽车需求的不断增长也增加了对基油的需求，基础油是引擎油和变速箱油的关键成分。汽车产业（尤其是新兴经济体）的成长正在推动润滑油消费，从而直接支持基础油需求。为了提高车辆效率和减少排放气体而转向高性能润滑油正在进一步加速市场成长。由于汽车技术的进步和优质润滑油在车辆中的使用增加，预计这一趋势将持续下去。

原油价格波动

由于原油是主要原料，原油价格波动对基油生产成本影响较大。这些价格波动为製造商维持稳定的价格和利润率带来了挑战。此外，地缘政治紧张局势和供应链中断往往会加剧这些波动，使製造商和消费者难以製定长期采购计画。原料价格的不确定性是市场的主要限制因素，影响了高性能油的生产和需求。

对高性能油品的需求

对高性能润滑油不断增长的需求为基油市场创造了巨大的机会，特别是在工业和汽车应用领域。高性能油品因其优异的热稳定性、较长的使用寿命和更高的效率而越来越受到现代机械和汽车的追捧。这一趋势得到了日益严格的环境法规和对减少碳足迹的关注的支持，这推动了采用优质基础油配製的先进润滑油的采用。

与合成油的竞争加剧

对合成油和生物基油的日益偏好正在威胁传统基础油市场。合成油因其在极端温度下的卓越性能、更高的耐用性和环境效益而在许多应用中成为首选。随着消费者和产业转向永续、高效的解决方案，合成替代品的采用预计会增加，从而限制了传统基础油的成长潜力。

COVID-19 的影响：

由于停工导致工业和汽车活动减少，COVID-19 大流行导致基础油需求大幅下降。供应链中断和流动性下降进一步影响了市场。然而，随着经济復苏和工业恢復运营，在汽车和工业领域復苏的推动下，基础油需求预计将復苏。

预计机油产业将成为预测期内最大的细分市场

由于基油在引擎润滑油中的广泛使用，预计机油领域将在预测期内占据市场占有率。机油在维持车辆性能和保护引擎部件免受磨损和损坏方面发挥着重要作用。由于世界上车辆持有的不断增加，加上需要高品质润滑油的引擎技术的进步，该行业不断扩大。此外，严格的排放法规鼓励使用优质机油，并保持其在这一领域的主导地位。

金属加工和冶金行业预计在预测期内复合年增长率最高。

在预测期内，由于工业应用中对特殊润滑剂的需求不断增长，金属加工和冶金行业预计将呈现最高成长率。金属加工液中使用的基油可提高加工过程的效率和精度。製造业和建设业的扩张，特别是在新兴市场，正在推动金属加工中采用高品质基础油。冶金技术的进步需要更先进的润滑解决方案，这进一步支持了这种成长。

占比最大的地区：

预计亚太地区在预测期内将主导市场占有率。该地区的优势在于其强大的汽车和工业部门，尤其是在中国、印度和日本等国家。亚太地区的人口成长、可支配收入的增加和製造业活动的扩张正在推动润滑油和基础油的消费。此外，该地区也是製造业中心，推动了工业润滑油的需求并巩固了主导。

复合年增长率最高的地区：

预计亚太地区在预测期内的复合年增长率最高。印度和东南亚国家等新兴经济体的快速工业化、都市化和基础设施发展是这一成长的关键驱动力。对高性能润滑油的需求不断增长，以及先进机械和车辆的日益采用，进一步加速了该地区对基础油的需求。随着经济活动持续成长，亚太地区仍是基础油消费的重要市场。

免费客製化服务

订阅此报告的客户将收到以下免费自订选项之一：

  • 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）
  • 区域分割
    • 根据客户兴趣对主要国家的市场估计、预测和复合年增长率（註：基于可行性检查）
  • 竞争标基准化分析
    • 根据产品系列、地理分布和策略联盟对主要企业基准化分析

目录

第一章执行摘要

第二章 前言

  • 概述
  • 相关利益者
  • 调查范围
  • 调查方法
    • 资料探勘
    • 资料分析
    • 资料检验
    • 研究途径
  • 研究资讯来源
    • 主要研究资讯来源
    • 二次研究资讯来源
    • 先决条件

第三章市场趋势分析

  • 促进因素
  • 抑制因素
  • 机会
  • 威胁
  • 产品分析
  • 应用分析
  • 最终用户分析
  • 新兴市场
  • 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

第五章全球基油市场：依产品类型

  • I类基油
  • Ⅱ 类基油
  • III 类基油
  • 第四组 (PAO)
  • V 组（合成酯）
  • 环烷基油
  • 再精製基油

第六章全球基油市场：依应用分类

  • 机油
    • 乘用车油
    • 商用车油
    • 船用机油
    • 燃气引擎机油
  • 工业润滑油
    • 加工油
    • 工业齿轮油
    • 透平油
    • 压缩机油
  • 特殊用途
    • 金属加工油
    • 润滑脂
    • 油压
    • 变压器油

第七章全球基油市场：依最终用户分类

  • 运输
    • 汽车製造
    • 运输/船舶
    • 航空
    • 铁路
  • 产业
    • 金属加工和冶金
    • 发电
    • 采矿和建筑
    • 化学製造
  • 其他最终用户
    • 农业
    • 纤维
    • 纸/纸浆

第八章全球基油市场：按地区

  • 北美洲
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 义大利
    • 法国
    • 西班牙
    • 其他欧洲国家
  • 亚太地区
    • 日本
    • 中国
    • 印度
    • 澳洲
    • 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/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

第九章 主要进展

  • 合约、伙伴关係、合作和合资企业
  • 收购和合併
  • 新产品发布
  • 业务拓展
  • 其他关键策略

第十章 公司概况

  • Exxon Mobil Corporation
  • Chevron Corporation
  • Aramco
  • Sinopec
  • Shell PLC
  • PetroChina Company Limited
  • SK Innovation Co., Ltd.
  • TotalEnergies SE
  • Abu Dhabi National Oil Company
  • LUKOIL
  • Nynas AB
  • GS Caltex Corporation
  • Petronas Lubricants International
  • Indian Oil Corporation Ltd
  • Phillips 66 Company
  • Repsol SA
  • Neste Oyj
  • Sepahan Oil Company
Product Code: SMRC27965

According to Stratistics MRC, the Global Base Oil Market is accounted for $37.06 billion in 2024 and is expected to reach $54.38 billion by 2030 growing at a CAGR of 6.6% during the forecast period. Base oil is the primary component of lubricants, derived from crude oil or chemical synthesis. It provides the foundation for engine oils, transmission fluids, and industrial lubricants. The type and quality of base oil significantly influence the lubricant's performance, including viscosity, oxidation resistance, and friction. Additives are often mixed with base oil to enhance specific properties like wear protection or extreme-pressure resistance.

According to the U.S. Energy Information Administration (EIA), in 2022, U.S. petroleum consumption averaged approximately 20.28 million barrels per day.

Market Dynamics:

Driver:

Increasing automotive industry demand

The increasing demand for vehicles globally is driving the need for base oils, as they are crucial components in engine and transmission oils. Growth in the automotive sector, especially in emerging economies, is bolstering lubricant consumption, which directly supports base oil demand. The shift toward high-performance lubricants to improve vehicle efficiency and reduce emissions further amplifies the market's growth. This trend is expected to sustain, driven by advancements in automotive technology and the growing use of premium lubricants in vehicles.

Restraint:

Fluctuating crude oil prices

Fluctuating crude oil prices significantly impact the production cost of base oils, as crude oil is the primary raw material. These price variances create challenges for manufacturers in maintaining stable pricing and profit margins. Additionally, geopolitical tensions and supply chain disruptions often exacerbate these fluctuations, making it difficult for manufacturers and consumers to plan long-term purchases. This uncertainty in raw material pricing acts as a major restraint for the market, affecting both production and demand for high-performance oils.

Opportunity:

Demand for high-performance oils

The rising need for high-performance lubricants, particularly in industrial and automotive applications, presents a significant opportunity for the base oil market. High-performance oils offer superior thermal stability, longer life, and enhanced efficiency, which are increasingly demanded by modern machinery and vehicles. This trend is supported by stricter environmental regulations and a focus on reducing carbon footprints, encouraging the adoption of advanced lubricants formulated with high-quality base oils.

Threat:

Rising competition from synthetic oils

The growing preference for synthetic and bio-based oils poses a threat to the traditional base oil market. Synthetic oils offer better performance in extreme temperatures, enhanced durability, and environmental benefits, making them a preferred choice in many applications. As consumers and industries move toward sustainable and high-efficiency solutions, the increasing adoption of synthetic alternatives is expected to limit the growth potential for conventional base oils.

Covid-19 Impact:

Covid-19 pandemic caused a significant decline in base oil demand due to reduced industrial and automotive activities during lockdowns. Supply chain disruptions and decreased mobility further impacted the market. However, as economies recover and industries resume operations, the demand for base oils is expected to rebound, driven by the resurgence in the automotive and industrial sectors.

The engine oils segment is expected to be the largest during the forecast period

Over the forecasted timeframe, the engine oils segment is anticipated to dominate the market share due to the widespread use of base oils in engine lubricants. Engine oils play a critical role in maintaining vehicle performance and protecting engine components from wear and tear. The increasing global vehicle fleet, coupled with advancements in engine technologies that demand high-quality lubricants, continues to boost this segment. Furthermore, stringent emission norms drive the use of premium-grade engine oils, sustaining the dominance of this segment.

The metal processing & metallurgy segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the metal processing & metallurgy segment is predicted to witness the highest growth rate due to the rising demand for specialized lubricants in industrial applications. Base oils used in metalworking fluids enhance the efficiency and precision of machining processes. The expansion of manufacturing and construction industries, particularly in emerging markets, is driving the adoption of high-quality base oils in metal processing. This growth is further supported by advancements in metallurgy requiring more sophisticated lubrication solutions.

Region with largest share:

During the estimation period, the Asia Pacific region is anticipated to dominate the market share. The region's dominance is attributed to its thriving automotive and industrial sectors, particularly in countries like China, India, and Japan. Asia Pacific's growing population, increasing disposable incomes, and expanding manufacturing activities are driving the consumption of lubricants and base oils. Additionally, the region's position as a manufacturing hub enhances its demand for industrial lubricants, solidifying its leadership in the global base oil market.

Region with highest CAGR:

During the forecast period, the Asia Pacific region is also anticipated to register the highest CAGR. Rapid industrialization, urbanization, and infrastructure development in emerging economies like India and Southeast Asian nations are key contributors to this growth. The increasing adoption of advanced machinery and vehicles, along with the rising need for high-performance lubricants, further accelerates the demand for base oils in this region. As economic activities continue to grow, Asia Pacific remains a pivotal market for base oil consumption.

Key players in the market

Some of the key players in Base Oil Market include Exxon Mobil Corporation, Chevron Corporation, Aramco, Sinopec, Shell PLC, PetroChina Company Limited, SK Innovation Co., Ltd., TotalEnergies SE, Abu Dhabi National Oil Company (ADNOC), LUKOIL, Nynas AB, GS Caltex Corporation, Petronas Lubricants International, Indian Oil Corporation Ltd, Phillips 66 Company, Repsol S.A., Neste Oyj, and Sepahan Oil Company.

Key Developments:

In October 2024, Exxon Mobil Corporation has executed the largest offshore carbon dioxide (CO2) storage lease in the U.S. with the Texas General Land Office (GLO). The over 271,000-acre site complements the onshore CO2 storage portfolio ExxonMobil is developing, and further solidifies the U.S. Gulf Coast as a carbon capture and storage (CCS) leader.

In June 2024, TransLanka and Ariyadasa, the two signature service stations of Sinopec Energy Lanka (Private) Limited, officially started operation in Sri Lanka. Featured with Sri Lankan languages and elements, streamlined canopy and brand-new fueling island design, the stations offer local customers a refreshing shopping experience with new brands such as Changbaishan mineral water. In the future, Sinopec will explore value-added services such as fuel storage and transportation, non-fuel products, and EV charging, providing consumers with a premium refueling experience.

In March 2024, Chevron Corporation announced that its 50 percent owned affiliate Tengizchevroil LLP (TCO) has safely commenced operations at its Wellhead Pressure Management Project (WPMP) at the Tengiz oil field in Kazakhstan.

Product Types Covered:

  • Group I Base Oils
  • Group II Base Oils
  • Group III Base Oils
  • Group IV (PAO)
  • Group V (Synthetic Esters)
  • Naphthenic Base Oils
  • Re-refined Base Oils

Applications Covered:

  • Engine Oils
  • Industrial Lubricants
  • Specialty Applications

End Users Covered:

  • Transportation
  • Industrial
  • 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 2022, 2023, 2024, 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 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 Base Oil Market, By Product Type

  • 5.1 Introduction
  • 5.2 Group I Base Oils
  • 5.3 Group II Base Oils
  • 5.4 Group III Base Oils
  • 5.5 Group IV (PAO)
  • 5.6 Group V (Synthetic Esters)
  • 5.7 Naphthenic Base Oils
  • 5.8 Re-refined Base Oils

6 Global Base Oil Market, By Application

  • 6.1 Introduction
  • 6.2 Engine Oils
    • 6.2.1 Passenger Vehicle Oils
    • 6.2.2 Commercial Vehicle Oils
    • 6.2.3 Marine Engine Oils
    • 6.2.4 Gas Engine Oils
  • 6.3 Industrial Lubricants
    • 6.3.1 Process Oils
    • 6.3.2 Industrial Gear Oils
    • 6.3.3 Turbine Oils
    • 6.3.4 Compressor Oils
  • 6.4 Specialty Applications
    • 6.4.1 Metalworking Fluids
    • 6.4.2 Greases
    • 6.4.3 Hydraulic Fluids
    • 6.4.4 Transformer Oils

7 Global Base Oil Market, By End User

  • 7.1 Introduction
  • 7.2 Transportation
    • 7.2.1 Automotive Manufacturing
    • 7.2.2 Marine & Shipping
    • 7.2.3 Aviation
    • 7.2.4 Railroad
  • 7.3 Industrial
    • 7.3.1 Metal Processing & Metallurgy
    • 7.3.2 Power Generation
    • 7.3.3 Mining & Construction
    • 7.3.4 Chemical Manufacturing
  • 7.4 Other End Users
    • 7.4.1 Agriculture
    • 7.4.2 Textile
    • 7.4.3 Paper & Pulp

8 Global Base Oil 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 Exxon Mobil Corporation
  • 10.2 Chevron Corporation
  • 10.3 Aramco
  • 10.4 Sinopec
  • 10.5 Shell PLC
  • 10.6 PetroChina Company Limited
  • 10.7 SK Innovation Co., Ltd.
  • 10.8 TotalEnergies SE
  • 10.9 Abu Dhabi National Oil Company
  • 10.10 LUKOIL
  • 10.11 Nynas AB
  • 10.12 GS Caltex Corporation
  • 10.13 Petronas Lubricants International
  • 10.14 Indian Oil Corporation Ltd
  • 10.15 Phillips 66 Company
  • 10.16 Repsol S.A.
  • 10.17 Neste Oyj
  • 10.18 Sepahan Oil Company

List of Tables

  • Table 1 Global Base Oil Market Outlook, By Region (2022-2030) ($MN)
  • Table 2 Global Base Oil Market Outlook, By Product Type (2022-2030) ($MN)
  • Table 3 Global Base Oil Market Outlook, By Group I Base Oils (2022-2030) ($MN)
  • Table 4 Global Base Oil Market Outlook, By Group II Base Oils (2022-2030) ($MN)
  • Table 5 Global Base Oil Market Outlook, By Group III Base Oils (2022-2030) ($MN)
  • Table 6 Global Base Oil Market Outlook, By Group IV (PAO) (2022-2030) ($MN)
  • Table 7 Global Base Oil Market Outlook, By Group V (Synthetic Esters) (2022-2030) ($MN)
  • Table 8 Global Base Oil Market Outlook, By Naphthenic Base Oils (2022-2030) ($MN)
  • Table 9 Global Base Oil Market Outlook, By Re-refined Base Oils (2022-2030) ($MN)
  • Table 10 Global Base Oil Market Outlook, By Application (2022-2030) ($MN)
  • Table 11 Global Base Oil Market Outlook, By Engine Oils (2022-2030) ($MN)
  • Table 12 Global Base Oil Market Outlook, By Passenger Vehicle Oils (2022-2030) ($MN)
  • Table 13 Global Base Oil Market Outlook, By Commercial Vehicle Oils (2022-2030) ($MN)
  • Table 14 Global Base Oil Market Outlook, By Marine Engine Oils (2022-2030) ($MN)
  • Table 15 Global Base Oil Market Outlook, By Gas Engine Oils (2022-2030) ($MN)
  • Table 16 Global Base Oil Market Outlook, By Industrial Lubricants (2022-2030) ($MN)
  • Table 17 Global Base Oil Market Outlook, By Process Oils (2022-2030) ($MN)
  • Table 18 Global Base Oil Market Outlook, By Industrial Gear Oils (2022-2030) ($MN)
  • Table 19 Global Base Oil Market Outlook, By Turbine Oils (2022-2030) ($MN)
  • Table 20 Global Base Oil Market Outlook, By Compressor Oils (2022-2030) ($MN)
  • Table 21 Global Base Oil Market Outlook, By Specialty Applications (2022-2030) ($MN)
  • Table 22 Global Base Oil Market Outlook, By Metalworking Fluids (2022-2030) ($MN)
  • Table 23 Global Base Oil Market Outlook, By Greases (2022-2030) ($MN)
  • Table 24 Global Base Oil Market Outlook, By Hydraulic Fluids (2022-2030) ($MN)
  • Table 25 Global Base Oil Market Outlook, By Transformer Oils (2022-2030) ($MN)
  • Table 26 Global Base Oil Market Outlook, By End User (2022-2030) ($MN)
  • Table 27 Global Base Oil Market Outlook, By Transportation (2022-2030) ($MN)
  • Table 28 Global Base Oil Market Outlook, By Automotive Manufacturing (2022-2030) ($MN)
  • Table 29 Global Base Oil Market Outlook, By Marine & Shipping (2022-2030) ($MN)
  • Table 30 Global Base Oil Market Outlook, By Aviation (2022-2030) ($MN)
  • Table 31 Global Base Oil Market Outlook, By Railroad (2022-2030) ($MN)
  • Table 32 Global Base Oil Market Outlook, By Industrial (2022-2030) ($MN)
  • Table 33 Global Base Oil Market Outlook, By Metal Processing & Metallurgy (2022-2030) ($MN)
  • Table 34 Global Base Oil Market Outlook, By Power Generation (2022-2030) ($MN)
  • Table 35 Global Base Oil Market Outlook, By Mining & Construction (2022-2030) ($MN)
  • Table 36 Global Base Oil Market Outlook, By Chemical Manufacturing (2022-2030) ($MN)
  • Table 37 Global Base Oil Market Outlook, By Other End Users (2022-2030) ($MN)
  • Table 38 Global Base Oil Market Outlook, By Agriculture (2022-2030) ($MN)
  • Table 39 Global Base Oil Market Outlook, By Textile (2022-2030) ($MN)
  • Table 40 Global Base Oil Market Outlook, By Paper & Pulp (2022-2030) ($MN)

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