Global Carbon Thermoplastic Composite Market Analysis and Forecast 2024-2030

Global Carbon Thermoplastic Composite Market Analysis and Forecast 2024-2030


Summary

According to APO Research, The global Carbon Thermoplastic Composite market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

The US & Canada market for Carbon Thermoplastic Composite is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for Carbon Thermoplastic Composite is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The China market for Carbon Thermoplastic Composite is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for Carbon Thermoplastic Composite is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global manufacturers of Carbon Thermoplastic Composite include Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Corporation, Solvay, Saertex, Avient, Covestro, Plasan Carbon Composites and 恒神股份, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

In terms of production side, this report researches the Carbon Thermoplastic Composite production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.

In terms of consumption side, this report focuses on the sales of Carbon Thermoplastic Composite by region (region level and country level), by Company, by Type and by Application. from 2019 to 2024 and forecast to 2030.

This report presents an overview of global market for Carbon Thermoplastic Composite, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report researches the key producers of Carbon Thermoplastic Composite, also provides the consumption of main regions and countries. Of the upcoming market potential for Carbon Thermoplastic Composite, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Carbon Thermoplastic Composite sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Carbon Thermoplastic Composite market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Carbon Thermoplastic Composite sales, projected growth trends, production technology, application and end-user industry.

Carbon Thermoplastic Composite segment by Company

Toray Industries, Inc.
Teijin Limited
Mitsubishi Chemical Corporation
Solvay
Saertex
Avient
Covestro
Plasan Carbon Composites
恒神股份
光威复材
中复神鹰
Carbon Thermoplastic Composite segment by Type

Polyacrylonitrile
Asphalt
Carbon Thermoplastic Composite segment by Application

Automotive
Appliances and Electronics
Aerospace and Defense
Building
Sports Leisure
Electricity
Others
Carbon Thermoplastic Composite segment by Region

North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Netherlands
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Study Objectives

1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Carbon Thermoplastic Composite market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Carbon Thermoplastic Composite and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Carbon Thermoplastic Composite.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type and by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Carbon Thermoplastic Composite production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 4: Sales (consumption), revenue of Carbon Thermoplastic Composite in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 5: Detailed analysis of Carbon Thermoplastic Composite manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Carbon Thermoplastic Composite sales, revenue, price, gross margin, and recent development, etc.
Chapter 9: North America (US & Canada) by type, by application and by country, sales, and revenue for each segment.
Chapter 10: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 11: China by type, by application, sales, and revenue for each segment.
Chapter 12: Asia (Excluding China) by type, by application and by region, sales, and revenue for each segment.
Chapter 13: Middle East, Africa, Latin America by type, by application and by country, sales, and revenue for each segment.
Chapter 14: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 15: The main concluding insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Carbon Thermoplastic Composite Market by Type
1.2.1 Global Carbon Thermoplastic Composite Market Size by Type, 2019 VS 2023 VS 2030
1.2.2 Polyacrylonitrile
1.2.3 Asphalt
1.3 Carbon Thermoplastic Composite Market by Application
1.3.1 Global Carbon Thermoplastic Composite Market Size by Application, 2019 VS 2023 VS 2030
1.3.2 Automotive
1.3.3 Appliances and Electronics
1.3.4 Aerospace and Defense
1.3.5 Building
1.3.6 Sports Leisure
1.3.7 Electricity
1.3.8 Others
1.4 Assumptions and Limitations
1.5 Study Goals and Objectives
2 Carbon Thermoplastic Composite Market Dynamics
2.1 Carbon Thermoplastic Composite Industry Trends
2.2 Carbon Thermoplastic Composite Industry Drivers
2.3 Carbon Thermoplastic Composite Industry Opportunities and Challenges
2.4 Carbon Thermoplastic Composite Industry Restraints
3 Global Carbon Thermoplastic Composite Production Overview
3.1 Global Carbon Thermoplastic Composite Production Capacity (2019-2030)
3.2 Global Carbon Thermoplastic Composite Production by Region: 2019 VS 2023 VS 2030
3.3 Global Carbon Thermoplastic Composite Production by Region
3.3.1 Global Carbon Thermoplastic Composite Production by Region (2019-2024)
3.3.2 Global Carbon Thermoplastic Composite Production by Region (2025-2030)
3.3.3 Global Carbon Thermoplastic Composite Production Market Share by Region (2019-2030)
3.4 North America
3.5 Europe
3.6 China
3.7 Japan
4 Global Market Growth Prospects
4.1 Global Carbon Thermoplastic Composite Revenue Estimates and Forecasts (2019-2030)
4.2 Global Carbon Thermoplastic Composite Revenue by Region
4.2.1 Global Carbon Thermoplastic Composite Revenue by Region: 2019 VS 2023 VS 2030
4.2.2 Global Carbon Thermoplastic Composite Revenue by Region (2019-2024)
4.2.3 Global Carbon Thermoplastic Composite Revenue by Region (2025-2030)
4.2.4 Global Carbon Thermoplastic Composite Revenue Market Share by Region (2019-2030)
4.3 Global Carbon Thermoplastic Composite Sales Estimates and Forecasts 2019-2030
4.4 Global Carbon Thermoplastic Composite Sales by Region
4.4.1 Global Carbon Thermoplastic Composite Sales by Region: 2019 VS 2023 VS 2030
4.4.2 Global Carbon Thermoplastic Composite Sales by Region (2019-2024)
4.4.3 Global Carbon Thermoplastic Composite Sales by Region (2025-2030)
4.4.4 Global Carbon Thermoplastic Composite Sales Market Share by Region (2019-2030)
4.5 US & Canada
4.6 Europe
4.7 China
4.8 Asia (Excluding China)
4.9 Middle East, Africa and Latin America
5 Market Competitive Landscape by Manufacturers
5.1 Global Carbon Thermoplastic Composite Revenue by Manufacturers
5.1.1 Global Carbon Thermoplastic Composite Revenue by Manufacturers (2019-2024)
5.1.2 Global Carbon Thermoplastic Composite Revenue Market Share by Manufacturers (2019-2024)
5.1.3 Global Carbon Thermoplastic Composite Manufacturers Revenue Share Top 10 and Top 5 in 2023
5.2 Global Carbon Thermoplastic Composite Sales by Manufacturers
5.2.1 Global Carbon Thermoplastic Composite Sales by Manufacturers (2019-2024)
5.2.2 Global Carbon Thermoplastic Composite Sales Market Share by Manufacturers (2019-2024)
5.2.3 Global Carbon Thermoplastic Composite Manufacturers Sales Share Top 10 and Top 5 in 2023
5.3 Global Carbon Thermoplastic Composite Sales Price by Manufacturers (2019-2024)
5.4 Global Carbon Thermoplastic Composite Key Manufacturers Ranking, 2022 VS 2023 VS 2024
5.5 Global Carbon Thermoplastic Composite Key Manufacturers Manufacturing Sites & Headquarters
5.6 Global Carbon Thermoplastic Composite Manufacturers, Product Type & Application
5.7 Global Carbon Thermoplastic Composite Manufacturers Commercialization Time
5.8 Market Competitive Analysis
5.8.1 Global Carbon Thermoplastic Composite Market CR5 and HHI
5.8.2 2023 Carbon Thermoplastic Composite Tier 1, Tier 2, and Tier 3
6 Carbon Thermoplastic Composite Market by Type
6.1 Global Carbon Thermoplastic Composite Revenue by Type
6.1.1 Global Carbon Thermoplastic Composite Revenue by Type (2019 VS 2023 VS 2030)
6.1.2 Global Carbon Thermoplastic Composite Revenue by Type (2019-2030) & (US$ Million)
6.1.3 Global Carbon Thermoplastic Composite Revenue Market Share by Type (2019-2030)
6.2 Global Carbon Thermoplastic Composite Sales by Type
6.2.1 Global Carbon Thermoplastic Composite Sales by Type (2019 VS 2023 VS 2030)
6.2.2 Global Carbon Thermoplastic Composite Sales by Type (2019-2030) & (Ton)
6.2.3 Global Carbon Thermoplastic Composite Sales Market Share by Type (2019-2030)
6.3 Global Carbon Thermoplastic Composite Price by Type
7 Carbon Thermoplastic Composite Market by Application
7.1 Global Carbon Thermoplastic Composite Revenue by Application
7.1.1 Global Carbon Thermoplastic Composite Revenue by Application (2019 VS 2023 VS 2030)
7.1.2 Global Carbon Thermoplastic Composite Revenue by Application (2019-2030) & (US$ Million)
7.1.3 Global Carbon Thermoplastic Composite Revenue Market Share by Application (2019-2030)
7.2 Global Carbon Thermoplastic Composite Sales by Application
7.2.1 Global Carbon Thermoplastic Composite Sales by Application (2019 VS 2023 VS 2030)
7.2.2 Global Carbon Thermoplastic Composite Sales by Application (2019-2030) & (Ton)
7.2.3 Global Carbon Thermoplastic Composite Sales Market Share by Application (2019-2030)
7.3 Global Carbon Thermoplastic Composite Price by Application
8 Company Profiles
8.1 Toray Industries, Inc.
8.1.1 Toray Industries, Inc. Comapny Information
8.1.2 Toray Industries, Inc. Business Overview
8.1.3 Toray Industries, Inc. Carbon Thermoplastic Composite Sales, Revenue, Price and Gross Margin (2019-2024)
8.1.4 Toray Industries, Inc. Carbon Thermoplastic Composite Product Portfolio
8.1.5 Toray Industries, Inc. Recent Developments
8.2 Teijin Limited
8.2.1 Teijin Limited Comapny Information
8.2.2 Teijin Limited Business Overview
8.2.3 Teijin Limited Carbon Thermoplastic Composite Sales, Revenue, Price and Gross Margin (2019-2024)
8.2.4 Teijin Limited Carbon Thermoplastic Composite Product Portfolio
8.2.5 Teijin Limited Recent Developments
8.3 Mitsubishi Chemical Corporation
8.3.1 Mitsubishi Chemical Corporation Comapny Information
8.3.2 Mitsubishi Chemical Corporation Business Overview
8.3.3 Mitsubishi Chemical Corporation Carbon Thermoplastic Composite Sales, Revenue, Price and Gross Margin (2019-2024)
8.3.4 Mitsubishi Chemical Corporation Carbon Thermoplastic Composite Product Portfolio
8.3.5 Mitsubishi Chemical Corporation Recent Developments
8.4 Solvay
8.4.1 Solvay Comapny Information
8.4.2 Solvay Business Overview
8.4.3 Solvay Carbon Thermoplastic Composite Sales, Revenue, Price and Gross Margin (2019-2024)
8.4.4 Solvay Carbon Thermoplastic Composite Product Portfolio
8.4.5 Solvay Recent Developments
8.5 Saertex
8.5.1 Saertex Comapny Information
8.5.2 Saertex Business Overview
8.5.3 Saertex Carbon Thermoplastic Composite Sales, Revenue, Price and Gross Margin (2019-2024)
8.5.4 Saertex Carbon Thermoplastic Composite Product Portfolio
8.5.5 Saertex Recent Developments
8.6 Avient
8.6.1 Avient Comapny Information
8.6.2 Avient Business Overview
8.6.3 Avient Carbon Thermoplastic Composite Sales, Revenue, Price and Gross Margin (2019-2024)
8.6.4 Avient Carbon Thermoplastic Composite Product Portfolio
8.6.5 Avient Recent Developments
8.7 Covestro
8.7.1 Covestro Comapny Information
8.7.2 Covestro Business Overview
8.7.3 Covestro Carbon Thermoplastic Composite Sales, Revenue, Price and Gross Margin (2019-2024)
8.7.4 Covestro Carbon Thermoplastic Composite Product Portfolio
8.7.5 Covestro Recent Developments
8.8 Plasan Carbon Composites
8.8.1 Plasan Carbon Composites Comapny Information
8.8.2 Plasan Carbon Composites Business Overview
8.8.3 Plasan Carbon Composites Carbon Thermoplastic Composite Sales, Revenue, Price and Gross Margin (2019-2024)
8.8.4 Plasan Carbon Composites Carbon Thermoplastic Composite Product Portfolio
8.8.5 Plasan Carbon Composites Recent Developments
8.9 恒神股份
8.9.1 恒神股份 Comapny Information
8.9.2 恒神股份 Business Overview
8.9.3 恒神股份 Carbon Thermoplastic Composite Sales, Revenue, Price and Gross Margin (2019-2024)
8.9.4 恒神股份 Carbon Thermoplastic Composite Product Portfolio
8.9.5 恒神股份 Recent Developments
8.10 光威复材
8.10.1 光威复材 Comapny Information
8.10.2 光威复材 Business Overview
8.10.3 光威复材 Carbon Thermoplastic Composite Sales, Revenue, Price and Gross Margin (2019-2024)
8.10.4 光威复材 Carbon Thermoplastic Composite Product Portfolio
8.10.5 光威复材 Recent Developments
8.11 中复神鹰
8.11.1 中复神鹰 Comapny Information
8.11.2 中复神鹰 Business Overview
8.11.3 中复神鹰 Carbon Thermoplastic Composite Sales, Revenue, Price and Gross Margin (2019-2024)
8.11.4 中复神鹰 Carbon Thermoplastic Composite Product Portfolio
8.11.5 中复神鹰 Recent Developments
9 North America
9.1 North America Carbon Thermoplastic Composite Market Size by Type
9.1.1 North America Carbon Thermoplastic Composite Revenue by Type (2019-2030)
9.1.2 North America Carbon Thermoplastic Composite Sales by Type (2019-2030)
9.1.3 North America Carbon Thermoplastic Composite Price by Type (2019-2030)
9.2 North America Carbon Thermoplastic Composite Market Size by Application
9.2.1 North America Carbon Thermoplastic Composite Revenue by Application (2019-2030)
9.2.2 North America Carbon Thermoplastic Composite Sales by Application (2019-2030)
9.2.3 North America Carbon Thermoplastic Composite Price by Application (2019-2030)
9.3 North America Carbon Thermoplastic Composite Market Size by Country
9.3.1 North America Carbon Thermoplastic Composite Revenue Grow Rate by Country (2019 VS 2023 VS 2030)
9.3.2 North America Carbon Thermoplastic Composite Sales by Country (2019 VS 2023 VS 2030)
9.3.3 North America Carbon Thermoplastic Composite Price by Country (2019-2030)
9.3.4 United States
9.3.5 Canada
10 Europe
10.1 Europe Carbon Thermoplastic Composite Market Size by Type
10.1.1 Europe Carbon Thermoplastic Composite Revenue by Type (2019-2030)
10.1.2 Europe Carbon Thermoplastic Composite Sales by Type (2019-2030)
10.1.3 Europe Carbon Thermoplastic Composite Price by Type (2019-2030)
10.2 Europe Carbon Thermoplastic Composite Market Size by Application
10.2.1 Europe Carbon Thermoplastic Composite Revenue by Application (2019-2030)
10.2.2 Europe Carbon Thermoplastic Composite Sales by Application (2019-2030)
10.2.3 Europe Carbon Thermoplastic Composite Price by Application (2019-2030)
10.3 Europe Carbon Thermoplastic Composite Market Size by Country
10.3.1 Europe Carbon Thermoplastic Composite Revenue Grow Rate by Country (2019 VS 2023 VS 2030)
10.3.2 Europe Carbon Thermoplastic Composite Sales by Country (2019 VS 2023 VS 2030)
10.3.3 Europe Carbon Thermoplastic Composite Price by Country (2019-2030)
10.3.4 Germany
10.3.5 France
10.3.6 U.K.
10.3.7 Italy
10.3.8 Netherlands
11 China
11.1 China Carbon Thermoplastic Composite Market Size by Type
11.1.1 China Carbon Thermoplastic Composite Revenue by Type (2019-2030)
11.1.2 China Carbon Thermoplastic Composite Sales by Type (2019-2030)
11.1.3 China Carbon Thermoplastic Composite Price by Type (2019-2030)
11.2 China Carbon Thermoplastic Composite Market Size by Application
11.2.1 China Carbon Thermoplastic Composite Revenue by Application (2019-2030)
11.2.2 China Carbon Thermoplastic Composite Sales by Application (2019-2030)
11.2.3 China Carbon Thermoplastic Composite Price by Application (2019-2030)
12 Asia (Excluding China)
12.1 Asia Carbon Thermoplastic Composite Market Size by Type
12.1.1 Asia Carbon Thermoplastic Composite Revenue by Type (2019-2030)
12.1.2 Asia Carbon Thermoplastic Composite Sales by Type (2019-2030)
12.1.3 Asia Carbon Thermoplastic Composite Price by Type (2019-2030)
12.2 Asia Carbon Thermoplastic Composite Market Size by Application
12.2.1 Asia Carbon Thermoplastic Composite Revenue by Application (2019-2030)
12.2.2 Asia Carbon Thermoplastic Composite Sales by Application (2019-2030)
12.2.3 Asia Carbon Thermoplastic Composite Price by Application (2019-2030)
12.3 Asia Carbon Thermoplastic Composite Market Size by Country
12.3.1 Asia Carbon Thermoplastic Composite Revenue Grow Rate by Country (2019 VS 2023 VS 2030)
12.3.2 Asia Carbon Thermoplastic Composite Sales by Country (2019 VS 2023 VS 2030)
12.3.3 Asia Carbon Thermoplastic Composite Price by Country (2019-2030)
12.3.4 Japan
12.3.5 South Korea
12.3.6 India
12.3.7 Australia
12.3.8 China Taiwan
12.3.9 Southeast Asia
13 Middle East, Africa and Latin America
13.1 Middle East, Africa and Latin America Carbon Thermoplastic Composite Market Size by Type
13.1.1 Middle East, Africa and Latin America Carbon Thermoplastic Composite Revenue by Type (2019-2030)
13.1.2 Middle East, Africa and Latin America Carbon Thermoplastic Composite Sales by Type (2019-2030)
13.1.3 Middle East, Africa and Latin America Carbon Thermoplastic Composite Price by Type (2019-2030)
13.2 Middle East, Africa and Latin America Carbon Thermoplastic Composite Market Size by Application
13.2.1 Middle East, Africa and Latin America Carbon Thermoplastic Composite Revenue by Application (2019-2030)
13.2.2 Middle East, Africa and Latin America Carbon Thermoplastic Composite Sales by Application (2019-2030)
13.2.3 Middle East, Africa and Latin America Carbon Thermoplastic Composite Price by Application (2019-2030)
13.3 Middle East, Africa and Latin America Carbon Thermoplastic Composite Market Size by Country
13.3.1 Middle East, Africa and Latin America Carbon Thermoplastic Composite Revenue Grow Rate by Country (2019 VS 2023 VS 2030)
13.3.2 Middle East, Africa and Latin America Carbon Thermoplastic Composite Sales by Country (2019 VS 2023 VS 2030)
13.3.3 Middle East, Africa and Latin America Carbon Thermoplastic Composite Price by Country (2019-2030)
13.3.4 Mexico
13.3.5 Brazil
13.3.6 Israel
13.3.7 Argentina
13.3.8 Colombia
13.3.9 Turkey
13.3.10 Saudi Arabia
13.3.11 UAE
14 Value Chain and Sales Channels Analysis
14.1 Carbon Thermoplastic Composite Value Chain Analysis
14.1.1 Carbon Thermoplastic Composite Key Raw Materials
14.1.2 Raw Materials Key Suppliers
14.1.3 Manufacturing Cost Structure
14.1.4 Carbon Thermoplastic Composite Production Mode & Process
14.2 Carbon Thermoplastic Composite Sales Channels Analysis
14.2.1 Direct Comparison with Distribution Share
14.2.2 Carbon Thermoplastic Composite Distributors
14.2.3 Carbon Thermoplastic Composite Customers
15 Concluding Insights
16 Appendix
16.1 Reasons for Doing This Study
16.2 Research Methodology
16.3 Research Process
16.4 Authors List of This Report
16.5 Data Source
16.5.1 Secondary Sources
16.5.2 Primary Sources
16.6 Disclaimer

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