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Industrial Anhydrous Aluminum Chloride-Global Market Insights and Sales Trends 2025

Industrial Anhydrous Aluminum Chloride-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1831877

No of Pages : 116

Synopsis
The global Industrial Anhydrous Aluminum Chloride market size is expected to reach US$ 404.7 million by 2029, growing at a CAGR of 4.1% from 2023 to 2029. The market is mainly driven by the significant applications of Industrial Anhydrous Aluminum Chloride in various end use industries. The expanding demands from the Dyestuff and Pigments, Hydrocarbon Resins, Pharmaceuticals and Fragrances, are propelling Industrial Anhydrous Aluminum Chloride market. Powder Industrial Anhydrous Aluminum Chloride, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Granules Industrial Anhydrous Aluminum Chloride segment is estimated at % CAGR for the next seven-year period.
Increasing Petrochemical Demand: The growing demand for petrochemicals, including plastics, synthetic rubber, and chemicals, is driving the need for catalysts like anhydrous aluminum chloride in various production processes.
Green Chemistry and Sustainability: Industries are increasingly focused on adopting green chemistry principles, which emphasize the use of environmentally friendly processes and catalysts. Anhydrous aluminum chloride is being used in more sustainable ways, and manufacturers are exploring greener production methods.
Pharmaceutical and Fine Chemicals: Anhydrous aluminum chloride is used in the pharmaceutical and fine chemicals industries for various reactions, including Friedel-Crafts acylations and alkylations. The growth of these sectors is contributing to increased demand.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Industrial Anhydrous Aluminum Chloride, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Industrial Anhydrous Aluminum Chloride market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Industrial Anhydrous Aluminum Chloride market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Industrial Anhydrous Aluminum Chloride sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Industrial Anhydrous Aluminum Chloride covered in this report include BASF SE, Aditya Birla Chemicals, Gujarat Alkalies & Chemicals Ltd., Gulbrandsen, Nippon Light Metal Co., Base Metal Group, Chemtex Specialty Limited, Weifang JS trading co., Ltd and Seabert Chemicals Pvt. Ltd., etc.
The global Industrial Anhydrous Aluminum Chloride market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BASF SE
Aditya Birla Chemicals
Gujarat Alkalies & Chemicals Ltd.
Gulbrandsen
Nippon Light Metal Co.
Base Metal Group
Chemtex Specialty Limited
Weifang JS trading co., Ltd
Seabert Chemicals Pvt. Ltd.
SOMATCO
Umiya Group of Companies
NIKE CHEMICAL INDIA
Anmol Chloro Chem
Upra Chem Pvt. Ltd.
AVI-CHEM INDUSTRIES
PRAKASH CHEMICALS AGENCIES PVT. LTD.
Global Industrial Anhydrous Aluminum Chloride market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Industrial Anhydrous Aluminum Chloride market, Segment by Type:
Powder Industrial Anhydrous Aluminum Chloride
Granules Industrial Anhydrous Aluminum Chloride
Global Industrial Anhydrous Aluminum Chloride market, by Application
Dyestuff and Pigments
Hydrocarbon Resins
Pharmaceuticals
Fragrances
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Industrial Anhydrous Aluminum Chloride manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Industrial Anhydrous Aluminum Chloride 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 Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Industrial Anhydrous Aluminum Chloride Market Overview
1.1 Industrial Anhydrous Aluminum Chloride Product Overview
1.2 Industrial Anhydrous Aluminum Chloride Market Segment by Type
1.2.1 Powder Industrial Anhydrous Aluminum Chloride
1.2.2 Granules Industrial Anhydrous Aluminum Chloride
1.3 Global Industrial Anhydrous Aluminum Chloride Market Size by Type
1.3.1 Global Industrial Anhydrous Aluminum Chloride Market Size Overview by Type (2018-2029)
1.3.2 Global Industrial Anhydrous Aluminum Chloride Historic Market Size Review by Type (2018-2023)
1.3.3 Global Industrial Anhydrous Aluminum Chloride Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Industrial Anhydrous Aluminum Chloride Sales Breakdown by Type (2018-2023)
1.4.2 Europe Industrial Anhydrous Aluminum Chloride Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Industrial Anhydrous Aluminum Chloride Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Industrial Anhydrous Aluminum Chloride Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Industrial Anhydrous Aluminum Chloride Sales Breakdown by Type (2018-2023)
2 Global Industrial Anhydrous Aluminum Chloride Market Competition by Company
2.1 Global Top Players by Industrial Anhydrous Aluminum Chloride Sales (2018-2023)
2.2 Global Top Players by Industrial Anhydrous Aluminum Chloride Revenue (2018-2023)
2.3 Global Top Players by Industrial Anhydrous Aluminum Chloride Price (2018-2023)
2.4 Global Top Manufacturers Industrial Anhydrous Aluminum Chloride Manufacturing Base Distribution, Sales Area, Product Type
2.5 Industrial Anhydrous Aluminum Chloride Market Competitive Situation and Trends
2.5.1 Industrial Anhydrous Aluminum Chloride Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Industrial Anhydrous Aluminum Chloride Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Industrial Anhydrous Aluminum Chloride as of 2022)
2.7 Date of Key Manufacturers Enter into Industrial Anhydrous Aluminum Chloride Market
2.8 Key Manufacturers Industrial Anhydrous Aluminum Chloride Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Industrial Anhydrous Aluminum Chloride Status and Outlook by Region
3.1 Global Industrial Anhydrous Aluminum Chloride Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Industrial Anhydrous Aluminum Chloride Historic Market Size by Region
3.2.1 Global Industrial Anhydrous Aluminum Chloride Sales in Volume by Region (2018-2023)
3.2.2 Global Industrial Anhydrous Aluminum Chloride Sales in Value by Region (2018-2023)
3.2.3 Global Industrial Anhydrous Aluminum Chloride Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Industrial Anhydrous Aluminum Chloride Forecasted Market Size by Region
3.3.1 Global Industrial Anhydrous Aluminum Chloride Sales in Volume by Region (2024-2029)
3.3.2 Global Industrial Anhydrous Aluminum Chloride Sales in Value by Region (2024-2029)
3.3.3 Global Industrial Anhydrous Aluminum Chloride Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Industrial Anhydrous Aluminum Chloride by Application
4.1 Industrial Anhydrous Aluminum Chloride Market Segment by Application
4.1.1 Dyestuff and Pigments
4.1.2 Hydrocarbon Resins
4.1.3 Pharmaceuticals
4.1.4 Fragrances
4.2 Global Industrial Anhydrous Aluminum Chloride Market Size by Application
4.2.1 Global Industrial Anhydrous Aluminum Chloride Market Size Overview by Application (2018-2029)
4.2.2 Global Industrial Anhydrous Aluminum Chloride Historic Market Size Review by Application (2018-2023)
4.2.3 Global Industrial Anhydrous Aluminum Chloride Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Industrial Anhydrous Aluminum Chloride Sales Breakdown by Application (2018-2023)
4.3.2 Europe Industrial Anhydrous Aluminum Chloride Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Industrial Anhydrous Aluminum Chloride Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Industrial Anhydrous Aluminum Chloride Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Industrial Anhydrous Aluminum Chloride Sales Breakdown by Application (2018-2023)
5 North America Industrial Anhydrous Aluminum Chloride by Country
5.1 North America Industrial Anhydrous Aluminum Chloride Historic Market Size by Country
5.1.1 North America Industrial Anhydrous Aluminum Chloride Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Industrial Anhydrous Aluminum Chloride Sales in Volume by Country (2018-2023)
5.1.3 North America Industrial Anhydrous Aluminum Chloride Sales in Value by Country (2018-2023)
5.2 North America Industrial Anhydrous Aluminum Chloride Forecasted Market Size by Country
5.2.1 North America Industrial Anhydrous Aluminum Chloride Sales in Volume by Country (2024-2029)
5.2.2 North America Industrial Anhydrous Aluminum Chloride Sales in Value by Country (2024-2029)
6 Europe Industrial Anhydrous Aluminum Chloride by Country
6.1 Europe Industrial Anhydrous Aluminum Chloride Historic Market Size by Country
6.1.1 Europe Industrial Anhydrous Aluminum Chloride Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Industrial Anhydrous Aluminum Chloride Sales in Volume by Country (2018-2023)
6.1.3 Europe Industrial Anhydrous Aluminum Chloride Sales in Value by Country (2018-2023)
6.2 Europe Industrial Anhydrous Aluminum Chloride Forecasted Market Size by Country
6.2.1 Europe Industrial Anhydrous Aluminum Chloride Sales in Volume by Country (2024-2029)
6.2.2 Europe Industrial Anhydrous Aluminum Chloride Sales in Value by Country (2024-2029)
7 Asia-Pacific Industrial Anhydrous Aluminum Chloride by Region
7.1 Asia-Pacific Industrial Anhydrous Aluminum Chloride Historic Market Size by Region
7.1.1 Asia-Pacific Industrial Anhydrous Aluminum Chloride Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Industrial Anhydrous Aluminum Chloride Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Industrial Anhydrous Aluminum Chloride Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Industrial Anhydrous Aluminum Chloride Forecasted Market Size by Region
7.2.1 Asia-Pacific Industrial Anhydrous Aluminum Chloride Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Industrial Anhydrous Aluminum Chloride Sales in Value by Region (2024-2029)
8 Latin America Industrial Anhydrous Aluminum Chloride by Country
8.1 Latin America Industrial Anhydrous Aluminum Chloride Historic Market Size by Country
8.1.1 Latin America Industrial Anhydrous Aluminum Chloride Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Industrial Anhydrous Aluminum Chloride Sales in Volume by Country (2018-2023)
8.1.3 Latin America Industrial Anhydrous Aluminum Chloride Sales in Value by Country (2018-2023)
8.2 Latin America Industrial Anhydrous Aluminum Chloride Forecasted Market Size by Country
8.2.1 Latin America Industrial Anhydrous Aluminum Chloride Sales in Volume by Country (2024-2029)
8.2.2 Latin America Industrial Anhydrous Aluminum Chloride Sales in Value by Country (2024-2029)
9 Middle East and Africa Industrial Anhydrous Aluminum Chloride by Country
9.1 Middle East and Africa Industrial Anhydrous Aluminum Chloride Historic Market Size by Country
9.1.1 Middle East and Africa Industrial Anhydrous Aluminum Chloride Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Industrial Anhydrous Aluminum Chloride Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Industrial Anhydrous Aluminum Chloride Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Industrial Anhydrous Aluminum Chloride Forecasted Market Size by Country
9.2.1 Middle East and Africa Industrial Anhydrous Aluminum Chloride Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Industrial Anhydrous Aluminum Chloride Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BASF SE
10.1.1 BASF SE Company Information
10.1.2 BASF SE Introduction and Business Overview
10.1.3 BASF SE Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BASF SE Industrial Anhydrous Aluminum Chloride Products Offered
10.1.5 BASF SE Recent Development
10.2 Aditya Birla Chemicals
10.2.1 Aditya Birla Chemicals Company Information
10.2.2 Aditya Birla Chemicals Introduction and Business Overview
10.2.3 Aditya Birla Chemicals Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Aditya Birla Chemicals Industrial Anhydrous Aluminum Chloride Products Offered
10.2.5 Aditya Birla Chemicals Recent Development
10.3 Gujarat Alkalies & Chemicals Ltd.
10.3.1 Gujarat Alkalies & Chemicals Ltd. Company Information
10.3.2 Gujarat Alkalies & Chemicals Ltd. Introduction and Business Overview
10.3.3 Gujarat Alkalies & Chemicals Ltd. Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Gujarat Alkalies & Chemicals Ltd. Industrial Anhydrous Aluminum Chloride Products Offered
10.3.5 Gujarat Alkalies & Chemicals Ltd. Recent Development
10.4 Gulbrandsen
10.4.1 Gulbrandsen Company Information
10.4.2 Gulbrandsen Introduction and Business Overview
10.4.3 Gulbrandsen Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Gulbrandsen Industrial Anhydrous Aluminum Chloride Products Offered
10.4.5 Gulbrandsen Recent Development
10.5 Nippon Light Metal Co.
10.5.1 Nippon Light Metal Co. Company Information
10.5.2 Nippon Light Metal Co. Introduction and Business Overview
10.5.3 Nippon Light Metal Co. Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Nippon Light Metal Co. Industrial Anhydrous Aluminum Chloride Products Offered
10.5.5 Nippon Light Metal Co. Recent Development
10.6 Base Metal Group
10.6.1 Base Metal Group Company Information
10.6.2 Base Metal Group Introduction and Business Overview
10.6.3 Base Metal Group Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Base Metal Group Industrial Anhydrous Aluminum Chloride Products Offered
10.6.5 Base Metal Group Recent Development
10.7 Chemtex Specialty Limited
10.7.1 Chemtex Specialty Limited Company Information
10.7.2 Chemtex Specialty Limited Introduction and Business Overview
10.7.3 Chemtex Specialty Limited Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Chemtex Specialty Limited Industrial Anhydrous Aluminum Chloride Products Offered
10.7.5 Chemtex Specialty Limited Recent Development
10.8 Weifang JS trading co., Ltd
10.8.1 Weifang JS trading co., Ltd Company Information
10.8.2 Weifang JS trading co., Ltd Introduction and Business Overview
10.8.3 Weifang JS trading co., Ltd Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Weifang JS trading co., Ltd Industrial Anhydrous Aluminum Chloride Products Offered
10.8.5 Weifang JS trading co., Ltd Recent Development
10.9 Seabert Chemicals Pvt. Ltd.
10.9.1 Seabert Chemicals Pvt. Ltd. Company Information
10.9.2 Seabert Chemicals Pvt. Ltd. Introduction and Business Overview
10.9.3 Seabert Chemicals Pvt. Ltd. Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Seabert Chemicals Pvt. Ltd. Industrial Anhydrous Aluminum Chloride Products Offered
10.9.5 Seabert Chemicals Pvt. Ltd. Recent Development
10.10 SOMATCO
10.10.1 SOMATCO Company Information
10.10.2 SOMATCO Introduction and Business Overview
10.10.3 SOMATCO Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.10.4 SOMATCO Industrial Anhydrous Aluminum Chloride Products Offered
10.10.5 SOMATCO Recent Development
10.11 Umiya Group of Companies
10.11.1 Umiya Group of Companies Company Information
10.11.2 Umiya Group of Companies Introduction and Business Overview
10.11.3 Umiya Group of Companies Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Umiya Group of Companies Industrial Anhydrous Aluminum Chloride Products Offered
10.11.5 Umiya Group of Companies Recent Development
10.12 NIKE CHEMICAL INDIA
10.12.1 NIKE CHEMICAL INDIA Company Information
10.12.2 NIKE CHEMICAL INDIA Introduction and Business Overview
10.12.3 NIKE CHEMICAL INDIA Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.12.4 NIKE CHEMICAL INDIA Industrial Anhydrous Aluminum Chloride Products Offered
10.12.5 NIKE CHEMICAL INDIA Recent Development
10.13 Anmol Chloro Chem
10.13.1 Anmol Chloro Chem Company Information
10.13.2 Anmol Chloro Chem Introduction and Business Overview
10.13.3 Anmol Chloro Chem Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Anmol Chloro Chem Industrial Anhydrous Aluminum Chloride Products Offered
10.13.5 Anmol Chloro Chem Recent Development
10.14 Upra Chem Pvt. Ltd.
10.14.1 Upra Chem Pvt. Ltd. Company Information
10.14.2 Upra Chem Pvt. Ltd. Introduction and Business Overview
10.14.3 Upra Chem Pvt. Ltd. Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Upra Chem Pvt. Ltd. Industrial Anhydrous Aluminum Chloride Products Offered
10.14.5 Upra Chem Pvt. Ltd. Recent Development
10.15 AVI-CHEM INDUSTRIES
10.15.1 AVI-CHEM INDUSTRIES Company Information
10.15.2 AVI-CHEM INDUSTRIES Introduction and Business Overview
10.15.3 AVI-CHEM INDUSTRIES Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.15.4 AVI-CHEM INDUSTRIES Industrial Anhydrous Aluminum Chloride Products Offered
10.15.5 AVI-CHEM INDUSTRIES Recent Development
10.16 PRAKASH CHEMICALS AGENCIES PVT. LTD.
10.16.1 PRAKASH CHEMICALS AGENCIES PVT. LTD. Company Information
10.16.2 PRAKASH CHEMICALS AGENCIES PVT. LTD. Introduction and Business Overview
10.16.3 PRAKASH CHEMICALS AGENCIES PVT. LTD. Industrial Anhydrous Aluminum Chloride Sales, Revenue and Gross Margin (2018-2023)
10.16.4 PRAKASH CHEMICALS AGENCIES PVT. LTD. Industrial Anhydrous Aluminum Chloride Products Offered
10.16.5 PRAKASH CHEMICALS AGENCIES PVT. LTD. Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Industrial Anhydrous Aluminum Chloride Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Industrial Anhydrous Aluminum Chloride Industrial Chain Analysis
11.4 Industrial Anhydrous Aluminum Chloride Market Dynamics
11.4.1 Industrial Anhydrous Aluminum Chloride Industry Trends
11.4.2 Industrial Anhydrous Aluminum Chloride Market Drivers
11.4.3 Industrial Anhydrous Aluminum Chloride Market Challenges
11.4.4 Industrial Anhydrous Aluminum Chloride Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Industrial Anhydrous Aluminum Chloride Distributors
12.3 Industrial Anhydrous Aluminum Chloride Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

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