Global Electronic Packaging Materials Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Electronic Packaging Materials Market Size, Manufacturers, Opportunities and Forecast to 2030


This report studies the Electronic Packaging Materials market.

Electronic packaging materials are used to carry electronic components and their interconnection, Function as mechanical support, seal environmental protection, heat dissipation of electronic components and so on. Electronic packaging materials have good electrical insulation, it is the sealing material of an integrated circuit.

Electronic packaging refers to the enclosure for integrated circuit (IC) chips, passive devices, the fabrication of circuit cards and the production of a final product or system. Packaging materials strongly affect the effectiveness of an electronic packaging system regarding reliability, design, and cost. In electronic systems, packaging materials may serve as electrical conductors or insulators, create structure and form, provide thermal paths, and protect the circuits from environmental factors, such as moisture, contamination, hostile chemicals, and radiation.

According to APO Research, The global Electronic Packaging Materials market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

The leading manufacturers of electronic packaging materials include Sumitomo Chemical, Shinko Electric Industries, Toppan, Tanaka, Mitsui High-Tec and others, with the top three accounting for about 25% of the market.

China is the main market, accounting for about 40%, followed by the United States, accounting for about 15%.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Electronic Packaging Materials, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electronic Packaging Materials.

The Electronic Packaging Materials market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electronic Packaging Materials market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

DuPont
Evonik
EPM
Mitsubishi Chemical
Sumitomo Chemical
Mitsui High-tec
Tanaka
Shinko Electric Industries
Panasonic
Hitachi Chemical
Kyocera Chemical
Gore
BASF
Henkel
AMETEK Electronic
Toray
Maruwa
Leatec Fine Ceramics
NCI
Chaozhou Three-Circle
Nippon Micrometal
Toppan
Dai Nippon Printing
Possehl
Ningbo Kangqiang

Electronic Packaging Materials segment by Type

Metal Packages
Plastic Packages
Ceramic Packages

Electronic Packaging Materials segment by Application

Semiconductor & IC
PCB
Others

Electronic Packaging Materials Segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

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 Electronic Packaging Materials 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 Electronic Packaging Materials 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 Electronic Packaging Materials.
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 study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
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: Detailed analysis of Electronic Packaging Materials manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Electronic Packaging Materials in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Electronic Packaging Materials Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Electronic Packaging Materials Sales Estimates and Forecasts (2019-2030)
1.3 Electronic Packaging Materials Market by Type
1.3.1 Metal Packages
1.3.2 Plastic Packages
1.3.3 Ceramic Packages
1.4 Global Electronic Packaging Materials Market Size by Type
1.4.1 Global Electronic Packaging Materials Market Size Overview by Type (2019-2030)
1.4.2 Global Electronic Packaging Materials Historic Market Size Review by Type (2019-2024)
1.4.3 Global Electronic Packaging Materials Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Electronic Packaging Materials Sales Breakdown by Type (2019-2024)
1.5.2 Europe Electronic Packaging Materials Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Electronic Packaging Materials Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Electronic Packaging Materials Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Electronic Packaging Materials Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Electronic Packaging Materials Industry Trends
2.2 Electronic Packaging Materials Industry Drivers
2.3 Electronic Packaging Materials Industry Opportunities and Challenges
2.4 Electronic Packaging Materials Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Electronic Packaging Materials Revenue (2019-2024)
3.2 Global Top Players by Electronic Packaging Materials Sales (2019-2024)
3.3 Global Top Players by Electronic Packaging Materials Price (2019-2024)
3.4 Global Electronic Packaging Materials Industry Company Ranking, 20
22 VS 2023 VS 2024
3.5 Global Electronic Packaging Materials Key Company Manufacturing Sites & Headquarters
3.6 Global Electronic Packaging Materials Company, Product Type & Application
3.7 Global Electronic Packaging Materials Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Electronic Packaging Materials Market CR5 and HHI
3.8.2 Global Top 5 and
10 Electronic Packaging Materials Players Market Share by Revenue in 2023
3.8.3 20
23 Electronic Packaging Materials Tier 1, Tier 2, and Tier 3
4 Electronic Packaging Materials Regional Status and Outlook
4.1 Global Electronic Packaging Materials Market Size and CAGR by Region: 20
19 VS 2023 VS 2030
4.2 Global Electronic Packaging Materials Historic Market Size by Region
4.2.1 Global Electronic Packaging Materials Sales in Volume by Region (2019-2024)
4.2.2 Global Electronic Packaging Materials Sales in Value by Region (2019-2024)
4.2.3 Global Electronic Packaging Materials Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Electronic Packaging Materials Forecasted Market Size by Region
4.3.1 Global Electronic Packaging Materials Sales in Volume by Region (2025-2030)
4.3.2 Global Electronic Packaging Materials Sales in Value by Region (2025-2030)
4.3.3 Global Electronic Packaging Materials Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Electronic Packaging Materials by Application
5.1 Electronic Packaging Materials Market by Application
5.1.1 Semiconductor & IC
5.1.2 PCB
5.1.3 Others
5.2 Global Electronic Packaging Materials Market Size by Application
5.2.1 Global Electronic Packaging Materials Market Size Overview by Application (2019-2030)
5.2.2 Global Electronic Packaging Materials Historic Market Size Review by Application (2019-2024)
5.2.3 Global Electronic Packaging Materials Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Electronic Packaging Materials Sales Breakdown by Application (2019-2024)
5.3.2 Europe Electronic Packaging Materials Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Electronic Packaging Materials Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Electronic Packaging Materials Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Electronic Packaging Materials Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 DuPont
6.1.1 DuPont Comapny Information
6.1.2 DuPont Business Overview
6.1.3 DuPont Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.1.4 DuPont Electronic Packaging Materials Product Portfolio
6.1.5 DuPont Recent Developments
6.2 Evonik
6.2.1 Evonik Comapny Information
6.2.2 Evonik Business Overview
6.2.3 Evonik Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Evonik Electronic Packaging Materials Product Portfolio
6.2.5 Evonik Recent Developments
6.3 EPM
6.3.1 EPM Comapny Information
6.3.2 EPM Business Overview
6.3.3 EPM Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.3.4 EPM Electronic Packaging Materials Product Portfolio
6.3.5 EPM Recent Developments
6.4 Mitsubishi Chemical
6.4.1 Mitsubishi Chemical Comapny Information
6.4.2 Mitsubishi Chemical Business Overview
6.4.3 Mitsubishi Chemical Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Mitsubishi Chemical Electronic Packaging Materials Product Portfolio
6.4.5 Mitsubishi Chemical Recent Developments
6.5 Sumitomo Chemical
6.5.1 Sumitomo Chemical Comapny Information
6.5.2 Sumitomo Chemical Business Overview
6.5.3 Sumitomo Chemical Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Sumitomo Chemical Electronic Packaging Materials Product Portfolio
6.5.5 Sumitomo Chemical Recent Developments
6.6 Mitsui High-tec
6.6.1 Mitsui High-tec Comapny Information
6.6.2 Mitsui High-tec Business Overview
6.6.3 Mitsui High-tec Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Mitsui High-tec Electronic Packaging Materials Product Portfolio
6.6.5 Mitsui High-tec Recent Developments
6.7 Tanaka
6.7.1 Tanaka Comapny Information
6.7.2 Tanaka Business Overview
6.7.3 Tanaka Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.7.4 Tanaka Electronic Packaging Materials Product Portfolio
6.7.5 Tanaka Recent Developments
6.8 Shinko Electric Industries
6.8.1 Shinko Electric Industries Comapny Information
6.8.2 Shinko Electric Industries Business Overview
6.8.3 Shinko Electric Industries Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Shinko Electric Industries Electronic Packaging Materials Product Portfolio
6.8.5 Shinko Electric Industries Recent Developments
6.9 Panasonic
6.9.1 Panasonic Comapny Information
6.9.2 Panasonic Business Overview
6.9.3 Panasonic Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Panasonic Electronic Packaging Materials Product Portfolio
6.9.5 Panasonic Recent Developments
6.
10 Hitachi Chemical
6.10.1 Hitachi Chemical Comapny Information
6.10.2 Hitachi Chemical Business Overview
6.10.3 Hitachi Chemical Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Hitachi Chemical Electronic Packaging Materials Product Portfolio
6.10.5 Hitachi Chemical Recent Developments
6.
11 Kyocera Chemical
6.11.1 Kyocera Chemical Comapny Information
6.11.2 Kyocera Chemical Business Overview
6.11.3 Kyocera Chemical Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Kyocera Chemical Electronic Packaging Materials Product Portfolio
6.11.5 Kyocera Chemical Recent Developments
6.
12 Gore
6.12.1 Gore Comapny Information
6.12.2 Gore Business Overview
6.12.3 Gore Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.12.4 Gore Electronic Packaging Materials Product Portfolio
6.12.5 Gore Recent Developments
6.
13 BASF
6.13.1 BASF Comapny Information
6.13.2 BASF Business Overview
6.13.3 BASF Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.13.4 BASF Electronic Packaging Materials Product Portfolio
6.13.5 BASF Recent Developments
6.
14 Henkel
6.14.1 Henkel Comapny Information
6.14.2 Henkel Business Overview
6.14.3 Henkel Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.14.4 Henkel Electronic Packaging Materials Product Portfolio
6.14.5 Henkel Recent Developments
6.
15 AMETEK Electronic
6.15.1 AMETEK Electronic Comapny Information
6.15.2 AMETEK Electronic Business Overview
6.15.3 AMETEK Electronic Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.15.4 AMETEK Electronic Electronic Packaging Materials Product Portfolio
6.15.5 AMETEK Electronic Recent Developments
6.
16 Toray
6.16.1 Toray Comapny Information
6.16.2 Toray Business Overview
6.16.3 Toray Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.16.4 Toray Electronic Packaging Materials Product Portfolio
6.16.5 Toray Recent Developments
6.
17 Maruwa
6.17.1 Maruwa Comapny Information
6.17.2 Maruwa Business Overview
6.17.3 Maruwa Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.17.4 Maruwa Electronic Packaging Materials Product Portfolio
6.17.5 Maruwa Recent Developments
6.
18 Leatec Fine Ceramics
6.18.1 Leatec Fine Ceramics Comapny Information
6.18.2 Leatec Fine Ceramics Business Overview
6.18.3 Leatec Fine Ceramics Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.18.4 Leatec Fine Ceramics Electronic Packaging Materials Product Portfolio
6.18.5 Leatec Fine Ceramics Recent Developments
6.
19 NCI
6.19.1 NCI Comapny Information
6.19.2 NCI Business Overview
6.19.3 NCI Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.19.4 NCI Electronic Packaging Materials Product Portfolio
6.19.5 NCI Recent Developments
6.
20 Chaozhou Three-Circle
6.20.1 Chaozhou Three-Circle Comapny Information
6.20.2 Chaozhou Three-Circle Business Overview
6.20.3 Chaozhou Three-Circle Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.20.4 Chaozhou Three-Circle Electronic Packaging Materials Product Portfolio
6.20.5 Chaozhou Three-Circle Recent Developments
6.
21 Nippon Micrometal
6.21.1 Nippon Micrometal Comapny Information
6.21.2 Nippon Micrometal Business Overview
6.21.3 Nippon Micrometal Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.21.4 Nippon Micrometal Electronic Packaging Materials Product Portfolio
6.21.5 Nippon Micrometal Recent Developments
6.
22 Toppan
6.22.1 Toppan Comapny Information
6.22.2 Toppan Business Overview
6.22.3 Toppan Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.22.4 Toppan Electronic Packaging Materials Product Portfolio
6.22.5 Toppan Recent Developments
6.
23 Dai Nippon Printing
6.23.1 Dai Nippon Printing Comapny Information
6.23.2 Dai Nippon Printing Business Overview
6.23.3 Dai Nippon Printing Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.23.4 Dai Nippon Printing Electronic Packaging Materials Product Portfolio
6.23.5 Dai Nippon Printing Recent Developments
6.
24 Possehl
6.24.1 Possehl Comapny Information
6.24.2 Possehl Business Overview
6.24.3 Possehl Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.24.4 Possehl Electronic Packaging Materials Product Portfolio
6.24.5 Possehl Recent Developments
6.
25 Ningbo Kangqiang
6.25.1 Ningbo Kangqiang Comapny Information
6.25.2 Ningbo Kangqiang Business Overview
6.25.3 Ningbo Kangqiang Electronic Packaging Materials Sales, Revenue and Gross Margin (2019-2024)
6.25.4 Ningbo Kangqiang Electronic Packaging Materials Product Portfolio
6.25.5 Ningbo Kangqiang Recent Developments
7 North America by Country
7.1 North America Electronic Packaging Materials Sales by Country
7.1.1 North America Electronic Packaging Materials Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
7.1.2 North America Electronic Packaging Materials Sales by Country (2019-2024)
7.1.3 North America Electronic Packaging Materials Sales Forecast by Country (2025-2030)
7.2 North America Electronic Packaging Materials Market Size by Country
7.2.1 North America Electronic Packaging Materials Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
7.2.2 North America Electronic Packaging Materials Market Size by Country (2019-2024)
7.2.3 North America Electronic Packaging Materials Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Electronic Packaging Materials Sales by Country
8.1.1 Europe Electronic Packaging Materials Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
8.1.2 Europe Electronic Packaging Materials Sales by Country (2019-2024)
8.1.3 Europe Electronic Packaging Materials Sales Forecast by Country (2025-2030)
8.2 Europe Electronic Packaging Materials Market Size by Country
8.2.1 Europe Electronic Packaging Materials Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
8.2.2 Europe Electronic Packaging Materials Market Size by Country (2019-2024)
8.2.3 Europe Electronic Packaging Materials Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Electronic Packaging Materials Sales by Country
9.1.1 Asia-Pacific Electronic Packaging Materials Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
9.1.2 Asia-Pacific Electronic Packaging Materials Sales by Country (2019-2024)
9.1.3 Asia-Pacific Electronic Packaging Materials Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Electronic Packaging Materials Market Size by Country
9.2.1 Asia-Pacific Electronic Packaging Materials Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
9.2.2 Asia-Pacific Electronic Packaging Materials Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Electronic Packaging Materials Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Electronic Packaging Materials Sales by Country
10.1.1 Latin America Electronic Packaging Materials Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
10.1.2 Latin America Electronic Packaging Materials Sales by Country (2019-2024)
10.1.3 Latin America Electronic Packaging Materials Sales Forecast by Country (2025-2030)
10.2 Latin America Electronic Packaging Materials Market Size by Country
10.2.1 Latin America Electronic Packaging Materials Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
10.2.2 Latin America Electronic Packaging Materials Market Size by Country (2019-2024)
10.2.3 Latin America Electronic Packaging Materials Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Electronic Packaging Materials Sales by Country
11.1.1 Middle East and Africa Electronic Packaging Materials Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
11.1.2 Middle East and Africa Electronic Packaging Materials Sales by Country (2019-2024)
11.1.3 Middle East and Africa Electronic Packaging Materials Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Electronic Packaging Materials Market Size by Country
11.2.1 Middle East and Africa Electronic Packaging Materials Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
11.2.2 Middle East and Africa Electronic Packaging Materials Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Electronic Packaging Materials Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Electronic Packaging Materials Value Chain Analysis
12.1.1 Electronic Packaging Materials Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Electronic Packaging Materials Production Mode & Process
12.2 Electronic Packaging Materials Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Electronic Packaging Materials Distributors
12.2.3 Electronic Packaging Materials Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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