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Published: Aug, 2017 | Pages:
116 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)
The global moisture curing adhesive market is expected to reach USD 7.21 billion by 2025, according to a new report by Grand View Research, Inc. Utilization of automotive product has been a major driving factor for market growth. Consumption of moisture curing adhesive services has increased owing to the growing need for protection of products from moisture. Moisture curing adhesive services have various uses in in construction, housing, electrical & electronics, and industrial sectors. It is also utilized in printing & coating, decorative, furnishing, flooring, automotive, transportation, packaging, coating on woods, metals, plastics, paper, corks, industrial inks, and heavy machinery. Automotive application segment is projected to have the highest growth rate over the forecast period. The segment is expected to grow with an estimated CAGR of 7.0% over the next eight years. Vehicle manufacturing companies depend on adhesive innovation as a settled part of their production line. In every vehicle, normally 15 kg of different moisture curing adhesives are utilized to mount and assemble an immense collection of parts. These factors are expected to propel the automotive application segment growth over the next eight years. Further key findings from the report suggest : • The global moisture curing adhesive demand in terms of volume was USD 485.5 million in 2016 and is expected to grow at a CAGR of 5.2% from 2017 to 2025 • Polyurethane emerged as the largest chemistry segment in 2016 and is estimated to generate revenue over USD 2.78 billion by 2025 • Cyanoacrylate is anticipated to be the fastest growing service segment over the next eight years and is estimated to grow at a CAGR of 6.9% • Global moisture curing adhesive demand in construction application was USD 1.02 billion in 2016 and is anticipated to witness steady growth over the next eight years • The U.S. automotive moisture curing adhesive market in applications category was worth USD 0.82 billion and is estimated to reach USD 1.40 billion by 2025 • The Asia Pacific region is anticipated to witness high growth at a CAGR of 7.1% by 2025. Developing economies in the region, including India and China, have been experiencing strong economic growth, which is expected to drive automotive and construction market over the next eight years • Key players of the industry include H.B. Fuller, 3M, The DOW chemical company, Henkel AG & Co. KGaA, and Bostik SA. These major players are often indulged in mergers, joint ventures, & acquisitions, in order to expand their product portfolio and gain market share
Table of Contents Chapter 1 Methodology and Scope 1.1 Research methodology 1.2 Research scope and assumptions 1.3 List of data sources Chapter 2 Executive Summary 2.1 Moisture curing adhesives- Industry snapshot and key buying criteria Chapter 3 Moisture Curing Adhesives Market Variables, Trends, & Scope 3.1 Market segmentation & scope 3.2 Market size and growth prospects, 2014 - 2025 3.3 Moisture Curing Adhesives- Value chain analysis 3.4 Market dynamics 3.4.1 Market driver analysis 3.4.1.1 Increasing Demand from construction and wood working Industry 3.4.1.2 Increasing Demand of Automobiles 3.4.2 Market restraint analysis 3.4.2.1 Availability of substitutes because of high curing time 3.5 Key opportunities prioritized 3.6 Industry analysis - Porter's 3.7 PESTEL analysis Chapter 4 Moisture Curing Adhesives Market: Chemistry Estimates & Trend Analysis 4.1 Global moisture curing adhesives market share, by chemistry, 2016 & 2025 4.2 Global moisture curing adhesives market estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) (USD Million) 4.2.1 Polyurethane 4.2.1.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 4.2.1.2 Market estimates and forecast by region, 2014 - 2025 (Kilo tons) (USD Million) 4.2.2 Silicone 4.2.2.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 4.2.2.2 Market estimates and forecast by region, 2014 - 2025 (Kilo tons) (USD Million) 4.2.3 Cyanoacrylate 4.2.3.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 4.2.3.2 Market estimates and forecast by region, 2014 - 2025 (Kilo tons) (USD Million) 4.2.4 Polyolefin 4.2.4.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 4.2.4.2 Market estimates and forecast by region, 2014 - 2025 (Kilo tons) (USD Million) Chapter 5 Moisture Curing Adhesives Market: Application Estimates & Trend Analysis 5.1 Global moisture curing adhesives market share, by application, 2016 & 2025 5.2 Global moisture curing adhesives market estimates and forecast by application, 2014 - 2025 (Kilo tons) (USD Million) 5.2.1 Construction 5.2.1.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 5.2.1.2 Market estimates and forecast by region, 2014 - 2025 (Kilo tons) (USD Million) 5.2.2 Automotive 5.2.2.1 Market estimates and forecast, 2014 - 2025 (Kilo tons)(USD Million) 5.2.2.2 Market estimates and forecast by region, 2014 - 2025 (Kilo tons) (USD Million) 5.2.3 Wood working 5.2.3.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 5.2.3.2 Market estimates and forecast by region, 2014 - 2025 (Kilo tons) (USD Million) 5.2.4 Textile 5.2.4.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 5.2.4.2 Textile market estimates and forecast by region, 2014 - 2025 (Kilo tons) (USD Million) 5.2.5 Others 5.2.5.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 5.2.5.2 Market estimates and forecast by region, 2014 - 2025 (Kilo tons) (USD Million) Chapter 6 Moisture Curing Adhesives Market: Regional Estimates & Trend Analysis 6.1 Moisture Curing Adhesives market share by region, 2016 & 2025 6.2 Global moisture curing adhesives market estimates and forecast by region, 2014 - 2025 (Kilo tons) (USD Million) 6.3 North America 6.3.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 6.3.2 Market estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) (USD Million) 6.3.3 Market estimates and forecast by application, 2014 - 2025 (Kilo tons) (USD Million) 6.3.4 U.S. 6.3.4.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 6.3.4.2 Market estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) (USD Million) 6.3.4.3 Market estimates and forecast by application, 2014 - 2025 (Kilo tons) (USD Million) 6.3.5 Canada 6.3.5.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 6.3.5.2 Market estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) (USD Million) 6.3.5.3 Market estimates and forecast by application, 2014 - 2025 (Kilo tons) (USD Million) 6.3.6 Mexico 6.3.6.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 6.3.6.2 Market estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) (USD Million) 6.3.6.3 Market estimates and forecast by application, 2014 - 2025 (Kilo tons) (USD Million) 6.4 Europe 6.4.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 6.4.2 Market estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) (USD Million) 6.4.3 Market estimates and forecast by application, 2014 - 2025 (Kilo tons) (USD Million) 6.4.4 UK 6.4.4.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 6.4.4.2 Market estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) (USD Million) 6.4.4.3 Market estimates and forecast by application, 2014 - 2025 (Kilo tons) (USD Million) 6.4.5 Germany 6.4.5.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 6.4.5.2 Market estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) (USD Million) 6.4.5.3 Market estimates and forecast by application, 2014 - 2025 (Kilo tons) (USD Million) 6.4.6 France 6.4.6.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 6.4.6.2 Market estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) (USD Million) 6.4.6.3 Market estimates and forecast by application, 2014 - 2025 (Kilo tons) (USD Million) 6.5 Asia Pacific 6.5.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 6.5.2 Market estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) (USD Million) 6.5.3 Market estimates and forecast by application, 2014 - 2025 (Kilo tons) (USD Million) 6.5.4 China 6.5.4.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 6.5.4.2 Market estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) (USD Million) 6.5.4.3 Market estimates and forecast by application, 2014 - 2025 (Kilo tons) (USD Million) 6.5.5 Japan 6.5.5.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 6.5.5.2 Market estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) (USD Million) 6.5.5.3 Market estimates and forecast by application, 2014 - 2025 (Kilo tons) (USD Million) 6.5.6 India 6.5.6.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 6.5.6.2 Market estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) (USD Million) 6.5.6.3 Market estimates and forecast by application, 2014 - 2025 (Kilo tons) (USD Million) 6.6 Middle East & South Africa (MEA) 6.6.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 6.6.2 Market estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) (USD Million) 6.6.3 Market estimates and forecast by application, 2014 - 2025 (Kilo tons) (USD Million) 6.7 Central & South America (CSA) 6.7.1 Market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) 6.7.2 Market estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) (USD Million) 6.7.3 Market estimates and forecast by application, 2014 - 2025 (Kilo tons) (USD Million) Chapter 7 Competitive Landscape 7.1 Vendor Landscape 7.2 Competitive environment Chapter 8 Company Profiles 8.1 Henkel AG & Co. KGaA 8.1.1 Company Overview 8.1.2 Financial Performance 8.1.3 Product Benchmarking 8.1.4 Strategic Initiatives 8.2 H.B. Fuller 8.2.1 Company Overview 8.2.2 Financial Performance 8.2.3 Product Benchmarking 8.2.4 Strategic Initiatives 8.3 3M Company 8.3.1 Company Overview 8.3.2 Financial Performance 8.3.3 Product Benchmarking 8.3.4 Strategic Initiatives 8.4 Sika AG 8.4.1 Company Overview 8.4.2 Financial Performance 8.4.3 Product Benchmarking 8.4.4 Strategic Initiatives 8.5 Royal Adhesives & Sealants, LLC 8.5.1 Company Overview 8.5.2 Product Benchmarking 8.5.3 Strategic Initiatives 8.6 The DOW Chemical Company 8.6.1 Company Overview 8.6.2 Financial Performance 8.6.3 Product Benchmarking 8.6.4 Strategic Initiatives 8.7 Bostik SA (An Arkema Company) 8.7.1 Company Overview 8.7.2 Financial Performance 8.7.3 Product Benchmarking 8.7.4 Strategic Initiatives 8.8 Tosoh corporation 8.8.1 Company Overview 8.8.2 Financial Performance 8.8.3 Product Benchmarking 8.8.4 Strategic Initiatives 8.9 DOW Corning Corporation 8.9.1 Company Overview 8.9.2 Financial Performance 8.9.3 Product Benchmarking 8.9.4 Strategic Initiatives 8.10 Dymax Corporation 8.10.1 Company Overview 8.10.2 Product Benchmarking 8.10.3 Strategic Initiatives 8.11 Jowat SE 8.11.1 Company Overview 8.11.2 Product Benchmarking 8.11.3 Strategic Initiatives
List of Tables TABLE 1 Moisture Curing Adhesives- Key market driver impact TABLE 2 Moisture Curing Adhesives- Key market restraints impact TABLE 3 Global moisture curing adhesives market volume estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) TABLE 4 Global moisture curing adhesives market revenue estimates and forecast, by chemistry, 2014 - 2025 (USD Million) TABLE 5 Polyurethane market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 6 Polyurethane market volume estimates and forecast by region, 2014 - 2025 (Kilo tons) TABLE 7 Polyurethane market revenue estimates and forecast by region, 2014 - 2025 (USD Million) TABLE 8 Silicone market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 9 Silicone market volume estimates and forecast by region, 2014 - 2025 (Kilo tons) TABLE 10 Silicone market revenue estimates and forecast by region, 2014 - 2025 (USD Million) TABLE 11 Cyanoacrylate market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 12 Cyanoacrylate market volume estimates and forecast by region, 2014 - 2025 (Kilo tons) TABLE 13 Cyanoacrylate market revenue estimates and forecast by region, 2014 - 2025 (USD Million) TABLE 14 Polyolefin market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 15 Polyolefin market volume estimates and forecast by region, 2014 - 2025 (Kilo tons) TABLE 16 Polyolefin market revenue estimates and forecast by region, 2014 - 2025 (USD Million) TABLE 17 Global moisture curing adhesives market volume estimates and forecast by application, 2014 - 2025 (Kilo tons) TABLE 18 Global moisture curing adhesives market revenue estimates and forecast, by application, 2014 - 2025 (USD Million) TABLE 19 Construction market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 20 Construction market volume estimates and forecast by region, 2014 - 2025 (Kilo tons) TABLE 21 Construction market revenue estimates and forecast by region, 2014 - 2025 (USD Million) TABLE 22 Automotive market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 23 Automotive market volume estimates and forecast by region, 2014 - 2025 (Kilo tons) TABLE 24 Automotive market revenue estimates and forecast by region, 2014 - 2025 (USD Million) TABLE 25 Wood workingmarket estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 26 Wood workingmarket volume estimates and forecast by region, 2014 - 2025 (Kilo tons) TABLE 27 Wood workingmarket revenue estimates and forecast by region, 2014 - 2025 (USD Million) TABLE 28 Textile market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 29 Textile market volume estimates and forecast by region, 2014 - 2025 (Kilo tons) TABLE 30 Textile revenue estimates and forecast by region, 2014 - 2025 (USD Million) TABLE 31 Others market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 32 Others market volume estimates and forecast by region, 2014 - 2025 (Kilo tons) TABLE 33 Others market revenue estimates and forecast by region, 2014 - 2025 (USD Million) TABLE 34 Global moisture curing adhesives market volume estimates and forecast by region, 2014 - 2025 (Kilo tons) TABLE 35 Global moisture curing adhesives market revenue estimates and forecast, by region, 2014 - 2025 (USD Million) TABLE 36 North America moisture curing adhesives market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 37 North America moisture curing adhesives market volume estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) TABLE 38 North America moisture curing adhesives market revenue estimates and forecast by chemistry, 2014 - 2025 (USD Million) TABLE 39 North America moisture curing adhesives market volume estimates and forecast by application, 2014 - 2025 (Kilo tons) TABLE 40 North America moisture curing adhesives market revenue estimates and forecast by application, 2014 - 2025 (USD Million) TABLE 41 U.S. moisture curing adhesives market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 42 U.S.moisture curing adhesives market volume estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) TABLE 43 U.S.moisture curing adhesives market revenue estimates and forecast by chemistry, 2014 - 2025 (USD Million) TABLE 44 U.S.moisture curing adhesives market volume estimates and forecast by application, 2014 - 2025 (Kilo tons) TABLE 45 U.S.moisture curing adhesives market revenue estimates and forecast by application, 2014 - 2025 (USD Million) TABLE 46 Canada moisture curing adhesives market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 47 Canada moisture curing adhesives market volume estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) TABLE 48 Canada moisture curing adhesives market revenue estimates and forecast by chemistry, 2014 - 2025 (USD Million) TABLE 49 Canada moisture curing adhesives market volume estimates and forecast by application, 2014 - 2025 (Kilo tons) TABLE 50 Canada moisture curing adhesives market revenue estimates and forecast by application, 2014 - 2025 (USD Million) TABLE 51 Mexico moisture curing adhesives market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 52 Mexico moisture curing adhesives market volume estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) TABLE 53 Mexico moisture curing adhesives market revenue estimates and forecast by chemistry, 2014 - 2025 (USD Million) TABLE 54 Mexico moisture curing adhesives market volume estimates and forecast by application, 2014 - 2025 (Kilo tons) TABLE 55 Mexico moisture curing adhesives market revenue estimates and forecast by application, 2014 - 2025 (USD Million) TABLE 56 Europe moisture curing adhesives market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 57 Europe moisture curing adhesives market volume estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) TABLE 58 Europe moisture curing adhesives market revenue estimates and forecast by chemistry, 2014 - 2025 (USD Million) TABLE 59 Europe moisture curing adhesives market volume estimates and forecast by application, 2014 - 2025 (Kilo tons) TABLE 60 Europe moisture curing adhesives market revenue estimates and forecast by application, 2014 - 2025 (USD Million) TABLE 61 UK moisture curing adhesives market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 62 UK moisture curing adhesives market volume estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) TABLE 63 UK moisture curing adhesives market revenue estimates and forecast by chemistry, 2014 - 2025 (USD Million) TABLE 64 UK moisture curing adhesives market volume estimates and forecast by application, 2014 - 2025 (Kilo tons) TABLE 65 UK moisture curing adhesives market revenue estimates and forecast by application, 2014 - 2025 (USD Million) TABLE 66 Germany moisture curing adhesives market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 67 Germany moisture curing adhesives market volume estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) TABLE 68 Germany moisture curing adhesives market revenue estimates and forecast by chemistry, 2014 - 2025 (USD Million) TABLE 69 Germany moisture curing adhesives market volume estimates and forecast by application, 2014 - 2025 (Kilo tons) TABLE 70 Germany moisture curing adhesives market revenue estimates and forecast by application, 2014 - 2025 (USD Million) TABLE 71 France moisture curing adhesives market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 72 France moisture curing adhesives market volume estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) TABLE 73 France moisture curing adhesives market revenue estimates and forecast by chemistry, 2014 - 2025 (USD Million) TABLE 74 France moisture curing adhesives market volume estimates and forecast by application, 2014 - 2025 (Kilo tons) TABLE 75 France moisture curing adhesives market revenue estimates and forecast by application, 2014 - 2025 (USD Million) TABLE 76 Asia Pacific moisture curing adhesives market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 77 Asia Pacific moisture curing adhesives market volume estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) TABLE 78 Asia Pacific moisture curing adhesives market revenue estimates and forecast by chemistry, 2014 - 2025 (USD Million) TABLE 79 Asia Pacific moisture curing adhesives market volume estimates and forecast by application, 2014 - 2025 (Kilo tons) TABLE 80 Asia Pacific moisture curing adhesives market revenue estimates and forecast by application, 2014 - 2025 (USD Million) TABLE 81 China moisture curing adhesives market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 82 China moisture curing adhesives market volume estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) TABLE 83 China moisture curing adhesives market revenue estimates and forecast by chemistry, 2014 - 2025 (USD Million) TABLE 84 China moisture curing adhesives market volume estimates and forecast by application, 2014 - 2025 (Kilo tons) TABLE 85 China moisture curing adhesives market revenue estimates and forecast by application, 2014 - 2025 (USD Million) TABLE 86 Japan moisture curing adhesives market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 87 Japan moisture curing adhesives market volume estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) TABLE 88 Japan moisture curing adhesives market revenue estimates and forecast by chemistry, 2014 - 2025 (USD Million) TABLE 89 Japan moisture curing adhesives market volume estimates and forecast by application, 2014 - 2025 (Kilo tons) TABLE 90 Japan moisture curing adhesives market revenue estimates and forecast by application, 2014 - 2025 (USD Million) TABLE 91 India moisture curing adhesives market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 92 India moisture curing adhesives market volume estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) TABLE 93 India moisture curing adhesives market revenue estimates and forecast by chemistry, 2014 - 2025 (USD Million) TABLE 94 India moisture curing adhesives market volume estimates and forecast by application, 2014 - 2025 (Kilo tons) TABLE 95 India moisture curing adhesives market revenue estimates and forecast by application, 2014 - 2025 (USD Million) TABLE 96 MEA moisture curing adhesives market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 97 MEA moisture curing adhesives market volume estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) TABLE 98 MEA moisture curing adhesives market revenue estimates and forecast by chemistry, 2014 - 2025 (USD Million) TABLE 99 MEA moisture curing adhesives market volume estimates and forecast by application, 2014 - 2025 (Kilo tons) TABLE 100 MEA moisture curing adhesives market revenue estimates and forecast by application, 2014 - 2025 (USD Million) TABLE 101 CSA moisture curing adhesives market estimates and forecast, 2014 - 2025 (Kilo tons) (USD Million) TABLE 102 CSA moisture curing adhesives market volume estimates and forecast by chemistry, 2014 - 2025 (Kilo tons) TABLE 103 CSA moisture curing adhesives market revenue estimates and forecast by chemistry, 2014 - 2025 (USD Million) TABLE 104 CSA moisture curing adhesives market volume estimates and forecast by application, 2014 - 2025 (Kilo tons) TABLE 105 CSA moisture curing adhesives market revenue estimates and forecast by application, 2014 - 2025 (USD Million)
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