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Thermal Spray Equipment-Global Market Insights and Sales Trends 2024

Thermal Spray Equipment-Global Market Insights and Sales Trends 2024

Publishing Date : Jan, 2024

License Type :
 

Report Code : 1852863

No of Pages : 121

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Synopsis
The global Thermal Spray Equipment market size is expected to reach US$ 11360 million by 2029, growing at a CAGR of 6.2% from 2023 to 2029. The market is mainly driven by the significant applications of Thermal Spray Equipment in various end use industries. The expanding demands from the Automotive, Aerospace, Industrial Gas Turbines and Energy & Power, are propelling Thermal Spray Equipment market. Dust Collection Equipment, 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 Spray Guns & Nozzles segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Thermal Spray Equipment market, driven by demand from China, the second largest economy with some signs of stabilising, the Thermal Spray Equipment market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Thermal Spray Equipment, 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 Thermal Spray Equipment 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 Thermal Spray Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Thermal Spray Equipment 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 Thermal Spray Equipment covered in this report include Air Products & Chemicals, Arzell, ASB Industries, Bay State Surface Technologies, Camfil Air Pollution Control, Castolin Eutectic, Donaldson Company, Flame Spray Technologies and Genie Products, etc.
The global Thermal Spray Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Air Products & Chemicals
Arzell
ASB Industries
Bay State Surface Technologies
Camfil Air Pollution Control
Castolin Eutectic
Donaldson Company
Flame Spray Technologies
Genie Products
GTV Verschleiss-Schutz
Imperial Systems
Integrated Global Services
Kennametl Stellite
Lincoln Electric Holdings
Metallisation
Metallizing Equipment
Oerlikon Metco
Plasma Powders & Systems
Powder Feed Dynamics
Praxair Surface Technologies
Progressive Surface
Saint Gobain
Supersonic Spray Technologies (CenterLine)
Thermach
Thermion
UnitedCoatings Group
Global Thermal Spray Equipment 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 Thermal Spray Equipment market, Segment by Type:
Dust Collection Equipment
Spray Guns & Nozzles
Feeder Equipment
Spare Parts
Noise-Reducing Enclosures
Others
Global Thermal Spray Equipment market, by Application
Automotive
Aerospace
Industrial Gas Turbines
Energy & Power
Electronics
Oil & Gas
Medical Devices
Others
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 Thermal Spray Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Thermal Spray Equipment 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 Thermal Spray Equipment Market Overview
1.1 Thermal Spray Equipment Product Overview
1.2 Thermal Spray Equipment Market Segment by Type
1.2.1 Dust Collection Equipment
1.2.2 Spray Guns & Nozzles
1.2.3 Feeder Equipment
1.2.4 Spare Parts
1.2.5 Noise-Reducing Enclosures
1.2.6 Others
1.3 Global Thermal Spray Equipment Market Size by Type
1.3.1 Global Thermal Spray Equipment Market Size Overview by Type (2018-2029)
1.3.2 Global Thermal Spray Equipment Historic Market Size Review by Type (2018-2023)
1.3.3 Global Thermal Spray Equipment Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Thermal Spray Equipment Sales Breakdown by Type (2018-2023)
1.4.2 Europe Thermal Spray Equipment Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Thermal Spray Equipment Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Thermal Spray Equipment Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Thermal Spray Equipment Sales Breakdown by Type (2018-2023)
2 Global Thermal Spray Equipment Market Competition by Company
2.1 Global Top Players by Thermal Spray Equipment Sales (2018-2023)
2.2 Global Top Players by Thermal Spray Equipment Revenue (2018-2023)
2.3 Global Top Players by Thermal Spray Equipment Price (2018-2023)
2.4 Global Top Manufacturers Thermal Spray Equipment Manufacturing Base Distribution, Sales Area, Product Type
2.5 Thermal Spray Equipment Market Competitive Situation and Trends
2.5.1 Thermal Spray Equipment Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Thermal Spray Equipment 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 Thermal Spray Equipment as of 2022)
2.7 Date of Key Manufacturers Enter into Thermal Spray Equipment Market
2.8 Key Manufacturers Thermal Spray Equipment Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Thermal Spray Equipment Status and Outlook by Region
3.1 Global Thermal Spray Equipment Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Thermal Spray Equipment Historic Market Size by Region
3.2.1 Global Thermal Spray Equipment Sales in Volume by Region (2018-2023)
3.2.2 Global Thermal Spray Equipment Sales in Value by Region (2018-2023)
3.2.3 Global Thermal Spray Equipment Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Thermal Spray Equipment Forecasted Market Size by Region
3.3.1 Global Thermal Spray Equipment Sales in Volume by Region (2024-2029)
3.3.2 Global Thermal Spray Equipment Sales in Value by Region (2024-2029)
3.3.3 Global Thermal Spray Equipment Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Thermal Spray Equipment by Application
4.1 Thermal Spray Equipment Market Segment by Application
4.1.1 Automotive
4.1.2 Aerospace
4.1.3 Industrial Gas Turbines
4.1.4 Energy & Power
4.1.5 Electronics
4.1.6 Oil & Gas
4.1.7 Medical Devices
4.1.8 Others
4.2 Global Thermal Spray Equipment Market Size by Application
4.2.1 Global Thermal Spray Equipment Market Size Overview by Application (2018-2029)
4.2.2 Global Thermal Spray Equipment Historic Market Size Review by Application (2018-2023)
4.2.3 Global Thermal Spray Equipment Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Thermal Spray Equipment Sales Breakdown by Application (2018-2023)
4.3.2 Europe Thermal Spray Equipment Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Thermal Spray Equipment Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Thermal Spray Equipment Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Thermal Spray Equipment Sales Breakdown by Application (2018-2023)
5 North America Thermal Spray Equipment by Country
5.1 North America Thermal Spray Equipment Historic Market Size by Country
5.1.1 North America Thermal Spray Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Thermal Spray Equipment Sales in Volume by Country (2018-2023)
5.1.3 North America Thermal Spray Equipment Sales in Value by Country (2018-2023)
5.2 North America Thermal Spray Equipment Forecasted Market Size by Country
5.2.1 North America Thermal Spray Equipment Sales in Volume by Country (2024-2029)
5.2.2 North America Thermal Spray Equipment Sales in Value by Country (2024-2029)
6 Europe Thermal Spray Equipment by Country
6.1 Europe Thermal Spray Equipment Historic Market Size by Country
6.1.1 Europe Thermal Spray Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Thermal Spray Equipment Sales in Volume by Country (2018-2023)
6.1.3 Europe Thermal Spray Equipment Sales in Value by Country (2018-2023)
6.2 Europe Thermal Spray Equipment Forecasted Market Size by Country
6.2.1 Europe Thermal Spray Equipment Sales in Volume by Country (2024-2029)
6.2.2 Europe Thermal Spray Equipment Sales in Value by Country (2024-2029)
7 Asia-Pacific Thermal Spray Equipment by Region
7.1 Asia-Pacific Thermal Spray Equipment Historic Market Size by Region
7.1.1 Asia-Pacific Thermal Spray Equipment Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Thermal Spray Equipment Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Thermal Spray Equipment Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Thermal Spray Equipment Forecasted Market Size by Region
7.2.1 Asia-Pacific Thermal Spray Equipment Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Thermal Spray Equipment Sales in Value by Region (2024-2029)
8 Latin America Thermal Spray Equipment by Country
8.1 Latin America Thermal Spray Equipment Historic Market Size by Country
8.1.1 Latin America Thermal Spray Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Thermal Spray Equipment Sales in Volume by Country (2018-2023)
8.1.3 Latin America Thermal Spray Equipment Sales in Value by Country (2018-2023)
8.2 Latin America Thermal Spray Equipment Forecasted Market Size by Country
8.2.1 Latin America Thermal Spray Equipment Sales in Volume by Country (2024-2029)
8.2.2 Latin America Thermal Spray Equipment Sales in Value by Country (2024-2029)
9 Middle East and Africa Thermal Spray Equipment by Country
9.1 Middle East and Africa Thermal Spray Equipment Historic Market Size by Country
9.1.1 Middle East and Africa Thermal Spray Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Thermal Spray Equipment Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Thermal Spray Equipment Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Thermal Spray Equipment Forecasted Market Size by Country
9.2.1 Middle East and Africa Thermal Spray Equipment Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Thermal Spray Equipment Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Air Products & Chemicals
10.1.1 Air Products & Chemicals Company Information
10.1.2 Air Products & Chemicals Introduction and Business Overview
10.1.3 Air Products & Chemicals Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Air Products & Chemicals Thermal Spray Equipment Products Offered
10.1.5 Air Products & Chemicals Recent Development
10.2 Arzell
10.2.1 Arzell Company Information
10.2.2 Arzell Introduction and Business Overview
10.2.3 Arzell Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Arzell Thermal Spray Equipment Products Offered
10.2.5 Arzell Recent Development
10.3 ASB Industries
10.3.1 ASB Industries Company Information
10.3.2 ASB Industries Introduction and Business Overview
10.3.3 ASB Industries Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.3.4 ASB Industries Thermal Spray Equipment Products Offered
10.3.5 ASB Industries Recent Development
10.4 Bay State Surface Technologies
10.4.1 Bay State Surface Technologies Company Information
10.4.2 Bay State Surface Technologies Introduction and Business Overview
10.4.3 Bay State Surface Technologies Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Bay State Surface Technologies Thermal Spray Equipment Products Offered
10.4.5 Bay State Surface Technologies Recent Development
10.5 Camfil Air Pollution Control
10.5.1 Camfil Air Pollution Control Company Information
10.5.2 Camfil Air Pollution Control Introduction and Business Overview
10.5.3 Camfil Air Pollution Control Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Camfil Air Pollution Control Thermal Spray Equipment Products Offered
10.5.5 Camfil Air Pollution Control Recent Development
10.6 Castolin Eutectic
10.6.1 Castolin Eutectic Company Information
10.6.2 Castolin Eutectic Introduction and Business Overview
10.6.3 Castolin Eutectic Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Castolin Eutectic Thermal Spray Equipment Products Offered
10.6.5 Castolin Eutectic Recent Development
10.7 Donaldson Company
10.7.1 Donaldson Company Company Information
10.7.2 Donaldson Company Introduction and Business Overview
10.7.3 Donaldson Company Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Donaldson Company Thermal Spray Equipment Products Offered
10.7.5 Donaldson Company Recent Development
10.8 Flame Spray Technologies
10.8.1 Flame Spray Technologies Company Information
10.8.2 Flame Spray Technologies Introduction and Business Overview
10.8.3 Flame Spray Technologies Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Flame Spray Technologies Thermal Spray Equipment Products Offered
10.8.5 Flame Spray Technologies Recent Development
10.9 Genie Products
10.9.1 Genie Products Company Information
10.9.2 Genie Products Introduction and Business Overview
10.9.3 Genie Products Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Genie Products Thermal Spray Equipment Products Offered
10.9.5 Genie Products Recent Development
10.10 GTV Verschleiss-Schutz
10.10.1 GTV Verschleiss-Schutz Company Information
10.10.2 GTV Verschleiss-Schutz Introduction and Business Overview
10.10.3 GTV Verschleiss-Schutz Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.10.4 GTV Verschleiss-Schutz Thermal Spray Equipment Products Offered
10.10.5 GTV Verschleiss-Schutz Recent Development
10.11 Imperial Systems
10.11.1 Imperial Systems Company Information
10.11.2 Imperial Systems Introduction and Business Overview
10.11.3 Imperial Systems Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Imperial Systems Thermal Spray Equipment Products Offered
10.11.5 Imperial Systems Recent Development
10.12 Integrated Global Services
10.12.1 Integrated Global Services Company Information
10.12.2 Integrated Global Services Introduction and Business Overview
10.12.3 Integrated Global Services Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Integrated Global Services Thermal Spray Equipment Products Offered
10.12.5 Integrated Global Services Recent Development
10.13 Kennametl Stellite
10.13.1 Kennametl Stellite Company Information
10.13.2 Kennametl Stellite Introduction and Business Overview
10.13.3 Kennametl Stellite Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Kennametl Stellite Thermal Spray Equipment Products Offered
10.13.5 Kennametl Stellite Recent Development
10.14 Lincoln Electric Holdings
10.14.1 Lincoln Electric Holdings Company Information
10.14.2 Lincoln Electric Holdings Introduction and Business Overview
10.14.3 Lincoln Electric Holdings Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Lincoln Electric Holdings Thermal Spray Equipment Products Offered
10.14.5 Lincoln Electric Holdings Recent Development
10.15 Metallisation
10.15.1 Metallisation Company Information
10.15.2 Metallisation Introduction and Business Overview
10.15.3 Metallisation Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Metallisation Thermal Spray Equipment Products Offered
10.15.5 Metallisation Recent Development
10.16 Metallizing Equipment
10.16.1 Metallizing Equipment Company Information
10.16.2 Metallizing Equipment Introduction and Business Overview
10.16.3 Metallizing Equipment Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Metallizing Equipment Thermal Spray Equipment Products Offered
10.16.5 Metallizing Equipment Recent Development
10.17 Oerlikon Metco
10.17.1 Oerlikon Metco Company Information
10.17.2 Oerlikon Metco Introduction and Business Overview
10.17.3 Oerlikon Metco Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Oerlikon Metco Thermal Spray Equipment Products Offered
10.17.5 Oerlikon Metco Recent Development
10.18 Plasma Powders & Systems
10.18.1 Plasma Powders & Systems Company Information
10.18.2 Plasma Powders & Systems Introduction and Business Overview
10.18.3 Plasma Powders & Systems Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Plasma Powders & Systems Thermal Spray Equipment Products Offered
10.18.5 Plasma Powders & Systems Recent Development
10.19 Powder Feed Dynamics
10.19.1 Powder Feed Dynamics Company Information
10.19.2 Powder Feed Dynamics Introduction and Business Overview
10.19.3 Powder Feed Dynamics Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Powder Feed Dynamics Thermal Spray Equipment Products Offered
10.19.5 Powder Feed Dynamics Recent Development
10.20 Praxair Surface Technologies
10.20.1 Praxair Surface Technologies Company Information
10.20.2 Praxair Surface Technologies Introduction and Business Overview
10.20.3 Praxair Surface Technologies Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.20.4 Praxair Surface Technologies Thermal Spray Equipment Products Offered
10.20.5 Praxair Surface Technologies Recent Development
10.21 Progressive Surface
10.21.1 Progressive Surface Company Information
10.21.2 Progressive Surface Introduction and Business Overview
10.21.3 Progressive Surface Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.21.4 Progressive Surface Thermal Spray Equipment Products Offered
10.21.5 Progressive Surface Recent Development
10.22 Saint Gobain
10.22.1 Saint Gobain Company Information
10.22.2 Saint Gobain Introduction and Business Overview
10.22.3 Saint Gobain Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.22.4 Saint Gobain Thermal Spray Equipment Products Offered
10.22.5 Saint Gobain Recent Development
10.23 Supersonic Spray Technologies (CenterLine)
10.23.1 Supersonic Spray Technologies (CenterLine) Company Information
10.23.2 Supersonic Spray Technologies (CenterLine) Introduction and Business Overview
10.23.3 Supersonic Spray Technologies (CenterLine) Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.23.4 Supersonic Spray Technologies (CenterLine) Thermal Spray Equipment Products Offered
10.23.5 Supersonic Spray Technologies (CenterLine) Recent Development
10.24 Thermach
10.24.1 Thermach Company Information
10.24.2 Thermach Introduction and Business Overview
10.24.3 Thermach Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.24.4 Thermach Thermal Spray Equipment Products Offered
10.24.5 Thermach Recent Development
10.25 Thermion
10.25.1 Thermion Company Information
10.25.2 Thermion Introduction and Business Overview
10.25.3 Thermion Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.25.4 Thermion Thermal Spray Equipment Products Offered
10.25.5 Thermion Recent Development
10.26 UnitedCoatings Group
10.26.1 UnitedCoatings Group Company Information
10.26.2 UnitedCoatings Group Introduction and Business Overview
10.26.3 UnitedCoatings Group Thermal Spray Equipment Sales, Revenue and Gross Margin (2018-2023)
10.26.4 UnitedCoatings Group Thermal Spray Equipment Products Offered
10.26.5 UnitedCoatings Group Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Thermal Spray Equipment 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 Thermal Spray Equipment Industrial Chain Analysis
11.4 Thermal Spray Equipment Market Dynamics
11.4.1 Thermal Spray Equipment Industry Trends
11.4.2 Thermal Spray Equipment Market Drivers
11.4.3 Thermal Spray Equipment Market Challenges
11.4.4 Thermal Spray Equipment Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Thermal Spray Equipment Distributors
12.3 Thermal Spray Equipment 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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