Fluid catalytic cracking (FCC) is one of the most important conversion processes used in petroleum refineries.It is widely used to convert the high-boiling, high-molecular weight hydrocarbon fractions of petroleum crude oils into more valuable gasoline, olefinic gases, and other products.
The global Fluid Catalytic Cracking (FCC) market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Fluid Catalytic Cracking (FCC) volume and value at global level, regional level and company level. From a global perspective, this report represents overall Fluid Catalytic Cracking (FCC) market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Fluid Catalytic Cracking (FCC) in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Fluid Catalytic Cracking (FCC) manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Albemarle Corporation
WR Grace Company
BASF SE
Flour Corporation
Shell Global solutions
UOP
Chevron Lummus Global
CB&I Company
Axens
Exxonmobil
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Side-by-side
Stacked
Segment by Application
Chemical
Others
The global Fluid Catalytic Cracking (FCC) market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Fluid Catalytic Cracking (FCC) volume and value at global level, regional level and company level. From a global perspective, this report represents overall Fluid Catalytic Cracking (FCC) market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Fluid Catalytic Cracking (FCC) in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Fluid Catalytic Cracking (FCC) manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Albemarle Corporation
WR Grace Company
BASF SE
Flour Corporation
Shell Global solutions
UOP
Chevron Lummus Global
CB&I Company
Axens
Exxonmobil
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Side-by-side
Stacked
Segment by Application
Chemical
Others
Table of Contents
Executive Summary
1 Industry Overview of Fluid Catalytic Cracking (FCC)
1.1 Definition of Fluid Catalytic Cracking (FCC)
1.2 Fluid Catalytic Cracking (FCC) Segment by Type
1.2.1 Global Fluid Catalytic Cracking (FCC) Production Growth Rate Comparison by Types (2014-2025)
1.2.2 Side-by-side
1.2.3 Stacked
1.3 Fluid Catalytic Cracking (FCC) Segment by Applications
1.3.1 Global Fluid Catalytic Cracking (FCC) Consumption Comparison by Applications (2014-2025)
1.3.2 Chemical
1.3.3 Others
1.4 Global Fluid Catalytic Cracking (FCC) Overall Market
1.4.1 Global Fluid Catalytic Cracking (FCC) Revenue (2014-2025)
1.4.2 Global Fluid Catalytic Cracking (FCC) Production (2014-2025)
1.4.3 North America Fluid Catalytic Cracking (FCC) Status and Prospect (2014-2025)
1.4.4 Europe Fluid Catalytic Cracking (FCC) Status and Prospect (2014-2025)
1.4.5 China Fluid Catalytic Cracking (FCC) Status and Prospect (2014-2025)
1.4.6 Japan Fluid Catalytic Cracking (FCC) Status and Prospect (2014-2025)
1.4.7 Southeast Asia Fluid Catalytic Cracking (FCC) Status and Prospect (2014-2025)
1.4.8 India Fluid Catalytic Cracking (FCC) Status and Prospect (2014-2025)
2 Manufacturing Cost Structure Analysis
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of Fluid Catalytic Cracking (FCC)
2.3 Manufacturing Process Analysis of Fluid Catalytic Cracking (FCC)
2.4 Industry Chain Structure of Fluid Catalytic Cracking (FCC)
3 Development and Manufacturing Plants Analysis of Fluid Catalytic Cracking (FCC)
3.1 Capacity and Commercial Production Date
3.2 Global Fluid Catalytic Cracking (FCC) Manufacturing Plants Distribution
3.3 Major Manufacturers Technology Source and Market Position of Fluid Catalytic Cracking (FCC)
3.4 Recent Development and Expansion Plans
4 Key Figures of Major Manufacturers
4.1 Fluid Catalytic Cracking (FCC) Production and Capacity Analysis
4.2 Fluid Catalytic Cracking (FCC) Revenue Analysis
4.3 Fluid Catalytic Cracking (FCC) Price Analysis
4.4 Market Concentration Degree
5 Fluid Catalytic Cracking (FCC) Regional Market Analysis
5.1 Fluid Catalytic Cracking (FCC) Production by Regions
5.1.1 Global Fluid Catalytic Cracking (FCC) Production by Regions
5.1.2 Global Fluid Catalytic Cracking (FCC) Revenue by Regions
5.2 Fluid Catalytic Cracking (FCC) Consumption by Regions
5.3 North America Fluid Catalytic Cracking (FCC) Market Analysis
5.3.1 North America Fluid Catalytic Cracking (FCC) Production
5.3.2 North America Fluid Catalytic Cracking (FCC) Revenue
5.3.3 Key Manufacturers in North America
5.3.4 North America Fluid Catalytic Cracking (FCC) Import and Export
5.4 Europe Fluid Catalytic Cracking (FCC) Market Analysis
5.4.1 Europe Fluid Catalytic Cracking (FCC) Production
5.4.2 Europe Fluid Catalytic Cracking (FCC) Revenue
5.4.3 Key Manufacturers in Europe
5.4.4 Europe Fluid Catalytic Cracking (FCC) Import and Export
5.5 China Fluid Catalytic Cracking (FCC) Market Analysis
5.5.1 China Fluid Catalytic Cracking (FCC) Production
5.5.2 China Fluid Catalytic Cracking (FCC) Revenue
5.5.3 Key Manufacturers in China
5.5.4 China Fluid Catalytic Cracking (FCC) Import and Export
5.6 Japan Fluid Catalytic Cracking (FCC) Market Analysis
5.6.1 Japan Fluid Catalytic Cracking (FCC) Production
5.6.2 Japan Fluid Catalytic Cracking (FCC) Revenue
5.6.3 Key Manufacturers in Japan
5.6.4 Japan Fluid Catalytic Cracking (FCC) Import and Export
5.7 Southeast Asia Fluid Catalytic Cracking (FCC) Market Analysis
5.7.1 Southeast Asia Fluid Catalytic Cracking (FCC) Production
5.7.2 Southeast Asia Fluid Catalytic Cracking (FCC) Revenue
5.7.3 Key Manufacturers in Southeast Asia
5.7.4 Southeast Asia Fluid Catalytic Cracking (FCC) Import and Export
5.8 India Fluid Catalytic Cracking (FCC) Market Analysis
5.8.1 India Fluid Catalytic Cracking (FCC) Production
5.8.2 India Fluid Catalytic Cracking (FCC) Revenue
5.8.3 Key Manufacturers in India
5.8.4 India Fluid Catalytic Cracking (FCC) Import and Export
6 Fluid Catalytic Cracking (FCC) Segment Market Analysis (by Type)
6.1 Global Fluid Catalytic Cracking (FCC) Production by Type
6.2 Global Fluid Catalytic Cracking (FCC) Revenue by Type
6.3 Fluid Catalytic Cracking (FCC) Price by Type
7 Fluid Catalytic Cracking (FCC) Segment Market Analysis (by Application)
7.1 Global Fluid Catalytic Cracking (FCC) Consumption by Application
7.2 Global Fluid Catalytic Cracking (FCC) Consumption Market Share by Application (2014-2019)
8 Fluid Catalytic Cracking (FCC) Major Manufacturers Analysis
8.1 Albemarle Corporation
8.1.1 Albemarle Corporation Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.1.2 Albemarle Corporation Product Introduction, Application and Specification
8.1.3 Albemarle Corporation Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.1.4 Main Business and Markets Served
8.2 WR Grace Company
8.2.1 WR Grace Company Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.2.2 WR Grace Company Product Introduction, Application and Specification
8.2.3 WR Grace Company Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.2.4 Main Business and Markets Served
8.3 BASF SE
8.3.1 BASF SE Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.3.2 BASF SE Product Introduction, Application and Specification
8.3.3 BASF SE Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.3.4 Main Business and Markets Served
8.4 Flour Corporation
8.4.1 Flour Corporation Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.4.2 Flour Corporation Product Introduction, Application and Specification
8.4.3 Flour Corporation Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.4.4 Main Business and Markets Served
8.5 Shell Global solutions
8.5.1 Shell Global solutions Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.5.2 Shell Global solutions Product Introduction, Application and Specification
8.5.3 Shell Global solutions Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.5.4 Main Business and Markets Served
8.6 UOP
8.6.1 UOP Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.6.2 UOP Product Introduction, Application and Specification
8.6.3 UOP Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.6.4 Main Business and Markets Served
8.7 Chevron Lummus Global
8.7.1 Chevron Lummus Global Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.7.2 Chevron Lummus Global Product Introduction, Application and Specification
8.7.3 Chevron Lummus Global Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.7.4 Main Business and Markets Served
8.8 CB&I Company
8.8.1 CB&I Company Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.8.2 CB&I Company Product Introduction, Application and Specification
8.8.3 CB&I Company Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.8.4 Main Business and Markets Served
8.9 Axens
8.9.1 Axens Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.9.2 Axens Product Introduction, Application and Specification
8.9.3 Axens Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.9.4 Main Business and Markets Served
8.10 Exxonmobil
8.10.1 Exxonmobil Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.10.2 Exxonmobil Product Introduction, Application and Specification
8.10.3 Exxonmobil Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.10.4 Main Business and Markets Served
9 Development Trend of Analysis of Fluid Catalytic Cracking (FCC) Market
9.1 Global Fluid Catalytic Cracking (FCC) Market Trend Analysis
9.1.1 Global Fluid Catalytic Cracking (FCC) Market Size (Volume and Value) Forecast 2019-2025
9.2 Fluid Catalytic Cracking (FCC) Regional Market Trend
9.2.1 North America Fluid Catalytic Cracking (FCC) Forecast 2019-2025
9.2.2 Europe Fluid Catalytic Cracking (FCC) Forecast 2019-2025
9.2.3 China Fluid Catalytic Cracking (FCC) Forecast 2019-2025
9.2.4 Japan Fluid Catalytic Cracking (FCC) Forecast 2019-2025
9.2.5 Southeast Asia Fluid Catalytic Cracking (FCC) Forecast 2019-2025
9.2.6 India Fluid Catalytic Cracking (FCC) Forecast 2019-2025
9.3 Fluid Catalytic Cracking (FCC) Market Trend (Product Type)
9.4 Fluid Catalytic Cracking (FCC) Market Trend (Application)
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.3 Fluid Catalytic Cracking (FCC) Customers
11 Market Dynamics
11.1 Market Trends
11.2 Opportunities
11.3 Market Drivers
11.4 Challenges
11.5 Influence Factors
12 Conclusion
13 Appendix
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Author List
13.4 Disclaimer
Executive Summary
1 Industry Overview of Fluid Catalytic Cracking (FCC)
1.1 Definition of Fluid Catalytic Cracking (FCC)
1.2 Fluid Catalytic Cracking (FCC) Segment by Type
1.2.1 Global Fluid Catalytic Cracking (FCC) Production Growth Rate Comparison by Types (2014-2025)
1.2.2 Side-by-side
1.2.3 Stacked
1.3 Fluid Catalytic Cracking (FCC) Segment by Applications
1.3.1 Global Fluid Catalytic Cracking (FCC) Consumption Comparison by Applications (2014-2025)
1.3.2 Chemical
1.3.3 Others
1.4 Global Fluid Catalytic Cracking (FCC) Overall Market
1.4.1 Global Fluid Catalytic Cracking (FCC) Revenue (2014-2025)
1.4.2 Global Fluid Catalytic Cracking (FCC) Production (2014-2025)
1.4.3 North America Fluid Catalytic Cracking (FCC) Status and Prospect (2014-2025)
1.4.4 Europe Fluid Catalytic Cracking (FCC) Status and Prospect (2014-2025)
1.4.5 China Fluid Catalytic Cracking (FCC) Status and Prospect (2014-2025)
1.4.6 Japan Fluid Catalytic Cracking (FCC) Status and Prospect (2014-2025)
1.4.7 Southeast Asia Fluid Catalytic Cracking (FCC) Status and Prospect (2014-2025)
1.4.8 India Fluid Catalytic Cracking (FCC) Status and Prospect (2014-2025)
2 Manufacturing Cost Structure Analysis
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of Fluid Catalytic Cracking (FCC)
2.3 Manufacturing Process Analysis of Fluid Catalytic Cracking (FCC)
2.4 Industry Chain Structure of Fluid Catalytic Cracking (FCC)
3 Development and Manufacturing Plants Analysis of Fluid Catalytic Cracking (FCC)
3.1 Capacity and Commercial Production Date
3.2 Global Fluid Catalytic Cracking (FCC) Manufacturing Plants Distribution
3.3 Major Manufacturers Technology Source and Market Position of Fluid Catalytic Cracking (FCC)
3.4 Recent Development and Expansion Plans
4 Key Figures of Major Manufacturers
4.1 Fluid Catalytic Cracking (FCC) Production and Capacity Analysis
4.2 Fluid Catalytic Cracking (FCC) Revenue Analysis
4.3 Fluid Catalytic Cracking (FCC) Price Analysis
4.4 Market Concentration Degree
5 Fluid Catalytic Cracking (FCC) Regional Market Analysis
5.1 Fluid Catalytic Cracking (FCC) Production by Regions
5.1.1 Global Fluid Catalytic Cracking (FCC) Production by Regions
5.1.2 Global Fluid Catalytic Cracking (FCC) Revenue by Regions
5.2 Fluid Catalytic Cracking (FCC) Consumption by Regions
5.3 North America Fluid Catalytic Cracking (FCC) Market Analysis
5.3.1 North America Fluid Catalytic Cracking (FCC) Production
5.3.2 North America Fluid Catalytic Cracking (FCC) Revenue
5.3.3 Key Manufacturers in North America
5.3.4 North America Fluid Catalytic Cracking (FCC) Import and Export
5.4 Europe Fluid Catalytic Cracking (FCC) Market Analysis
5.4.1 Europe Fluid Catalytic Cracking (FCC) Production
5.4.2 Europe Fluid Catalytic Cracking (FCC) Revenue
5.4.3 Key Manufacturers in Europe
5.4.4 Europe Fluid Catalytic Cracking (FCC) Import and Export
5.5 China Fluid Catalytic Cracking (FCC) Market Analysis
5.5.1 China Fluid Catalytic Cracking (FCC) Production
5.5.2 China Fluid Catalytic Cracking (FCC) Revenue
5.5.3 Key Manufacturers in China
5.5.4 China Fluid Catalytic Cracking (FCC) Import and Export
5.6 Japan Fluid Catalytic Cracking (FCC) Market Analysis
5.6.1 Japan Fluid Catalytic Cracking (FCC) Production
5.6.2 Japan Fluid Catalytic Cracking (FCC) Revenue
5.6.3 Key Manufacturers in Japan
5.6.4 Japan Fluid Catalytic Cracking (FCC) Import and Export
5.7 Southeast Asia Fluid Catalytic Cracking (FCC) Market Analysis
5.7.1 Southeast Asia Fluid Catalytic Cracking (FCC) Production
5.7.2 Southeast Asia Fluid Catalytic Cracking (FCC) Revenue
5.7.3 Key Manufacturers in Southeast Asia
5.7.4 Southeast Asia Fluid Catalytic Cracking (FCC) Import and Export
5.8 India Fluid Catalytic Cracking (FCC) Market Analysis
5.8.1 India Fluid Catalytic Cracking (FCC) Production
5.8.2 India Fluid Catalytic Cracking (FCC) Revenue
5.8.3 Key Manufacturers in India
5.8.4 India Fluid Catalytic Cracking (FCC) Import and Export
6 Fluid Catalytic Cracking (FCC) Segment Market Analysis (by Type)
6.1 Global Fluid Catalytic Cracking (FCC) Production by Type
6.2 Global Fluid Catalytic Cracking (FCC) Revenue by Type
6.3 Fluid Catalytic Cracking (FCC) Price by Type
7 Fluid Catalytic Cracking (FCC) Segment Market Analysis (by Application)
7.1 Global Fluid Catalytic Cracking (FCC) Consumption by Application
7.2 Global Fluid Catalytic Cracking (FCC) Consumption Market Share by Application (2014-2019)
8 Fluid Catalytic Cracking (FCC) Major Manufacturers Analysis
8.1 Albemarle Corporation
8.1.1 Albemarle Corporation Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.1.2 Albemarle Corporation Product Introduction, Application and Specification
8.1.3 Albemarle Corporation Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.1.4 Main Business and Markets Served
8.2 WR Grace Company
8.2.1 WR Grace Company Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.2.2 WR Grace Company Product Introduction, Application and Specification
8.2.3 WR Grace Company Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.2.4 Main Business and Markets Served
8.3 BASF SE
8.3.1 BASF SE Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.3.2 BASF SE Product Introduction, Application and Specification
8.3.3 BASF SE Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.3.4 Main Business and Markets Served
8.4 Flour Corporation
8.4.1 Flour Corporation Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.4.2 Flour Corporation Product Introduction, Application and Specification
8.4.3 Flour Corporation Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.4.4 Main Business and Markets Served
8.5 Shell Global solutions
8.5.1 Shell Global solutions Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.5.2 Shell Global solutions Product Introduction, Application and Specification
8.5.3 Shell Global solutions Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.5.4 Main Business and Markets Served
8.6 UOP
8.6.1 UOP Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.6.2 UOP Product Introduction, Application and Specification
8.6.3 UOP Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.6.4 Main Business and Markets Served
8.7 Chevron Lummus Global
8.7.1 Chevron Lummus Global Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.7.2 Chevron Lummus Global Product Introduction, Application and Specification
8.7.3 Chevron Lummus Global Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.7.4 Main Business and Markets Served
8.8 CB&I Company
8.8.1 CB&I Company Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.8.2 CB&I Company Product Introduction, Application and Specification
8.8.3 CB&I Company Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.8.4 Main Business and Markets Served
8.9 Axens
8.9.1 Axens Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.9.2 Axens Product Introduction, Application and Specification
8.9.3 Axens Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.9.4 Main Business and Markets Served
8.10 Exxonmobil
8.10.1 Exxonmobil Fluid Catalytic Cracking (FCC) Production Sites and Area Served
8.10.2 Exxonmobil Product Introduction, Application and Specification
8.10.3 Exxonmobil Fluid Catalytic Cracking (FCC) Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.10.4 Main Business and Markets Served
9 Development Trend of Analysis of Fluid Catalytic Cracking (FCC) Market
9.1 Global Fluid Catalytic Cracking (FCC) Market Trend Analysis
9.1.1 Global Fluid Catalytic Cracking (FCC) Market Size (Volume and Value) Forecast 2019-2025
9.2 Fluid Catalytic Cracking (FCC) Regional Market Trend
9.2.1 North America Fluid Catalytic Cracking (FCC) Forecast 2019-2025
9.2.2 Europe Fluid Catalytic Cracking (FCC) Forecast 2019-2025
9.2.3 China Fluid Catalytic Cracking (FCC) Forecast 2019-2025
9.2.4 Japan Fluid Catalytic Cracking (FCC) Forecast 2019-2025
9.2.5 Southeast Asia Fluid Catalytic Cracking (FCC) Forecast 2019-2025
9.2.6 India Fluid Catalytic Cracking (FCC) Forecast 2019-2025
9.3 Fluid Catalytic Cracking (FCC) Market Trend (Product Type)
9.4 Fluid Catalytic Cracking (FCC) Market Trend (Application)
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.3 Fluid Catalytic Cracking (FCC) Customers
11 Market Dynamics
11.1 Market Trends
11.2 Opportunities
11.3 Market Drivers
11.4 Challenges
11.5 Influence Factors
12 Conclusion
13 Appendix
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Author List
13.4 Disclaimer
