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レポート概要
| 当調査レポートは次の情報を含め、世界のセラミックターゲット市場規模と予測を収録しています。・世界のセラミックターゲット市場：売上、2018年-2023年、2024年-2029年 ・世界のセラミックターゲット市場：販売量、2018年-2023年、2024年-2029年 ・世界のトップ5企業、2022年 世界のセラミックターゲット市場は2022年に000Mドルと評価され、予測期間中に000％のCAGRで2029年までに000Mドルに達すると予測されています。米国市場は2022年に000Mドルと推定されており、中国は2029年までに000Mドルに達すると予測されています。「平面ターゲット」セグメントは今後6年間、000%のCAGRで2029年までに000Mドルに成長すると予測されています。 セラミックターゲットのグローバル主要企業は、JX Nippon Mining、 Mitsui Mining & Smelting、 Tosoh SMD、 Samsung Corning Advanced Glass、 Umicore、 LT Metal、 Vital Material、 Ulvac, Inc.、 Advanced Nano Products Co., Ltd、 Solar Applied Materials Technology、 Guangxi Crystal Union Photoelectric、 Beijing Yeke Nano Tech Co., Ltd.、 Fujian Acetron New Materials Co., Ltd、 Materion (Heraeus)、 Angstrom Sciencesなどです。2022年にトップ5企業がグローバル売上シェアの約000%を占めています。 MARKET MONITOR GLOBAL（MMG）は、セラミックターゲットのメーカー、サプライヤー、流通業者、および業界の専門家を調査しました。これには、販売量、売上、需要、価格変動、製品タイプ、最近の動向と計画、産業トレンド、成長要因、課題、阻害要因、潜在的なリスクなどが含まれます。 【セグメント別市場分析】 世界のセラミックターゲット市場：タイプ別、2018年-2023年、2024年-2029年 世界のセラミックターゲット市場：タイプ別市場シェア、2022年 ・平面ターゲット、回転ターゲット 世界のセラミックターゲット市場：用途別、2018年-2023年、2024年-2029年 世界のセラミックターゲット市場：用途別市場シェア、2022年 ・フラットパネルディスプレイ、太陽光発電、その他 世界のセラミックターゲット市場：地域・国別、2018年-2023年、2024年-2029年 世界のセラミックターゲット市場：地域別市場シェア、2022年 ・北米：アメリカ、カナダ、メキシコ ・ヨーロッパ：ドイツ、フランス、イギリス、イタリア、ロシア ・アジア：中国、日本、韓国、東南アジア、インド ・南米：ブラジル、アルゼンチン ・中東・アフリカ：トルコ、イスラエル、サウジアラビア、UAE 【競合分析】 また、当レポートは主要な市場参加者の分析を提供します。 ・主要企業におけるセラミックターゲットのグローバル売上、2018年-2023年 ・主要企業におけるセラミックターゲットのグローバル売上シェア、2022年 ・主要企業におけるセラミックターゲットのグローバル販売量、2018年-2023年 ・主要企業におけるセラミックターゲットのグローバル販売量シェア、2022年 さらに、当レポートは主要企業のプロファイルを提示します。 JX Nippon Mining、 Mitsui Mining & Smelting、 Tosoh SMD、 Samsung Corning Advanced Glass、 Umicore、 LT Metal、 Vital Material、 Ulvac, Inc.、 Advanced Nano Products Co., Ltd、 Solar Applied Materials Technology、 Guangxi Crystal Union Photoelectric、 Beijing Yeke Nano Tech Co., Ltd.、 Fujian Acetron New Materials Co., Ltd、 Materion (Heraeus)、 Angstrom Sciences ************************************************************* ・調査・分析レポートの概要 セラミックターゲット市場の定義 市場セグメント 世界のセラミックターゲット市場概要 当レポートの特徴・ベネフィット 調査手法と情報源 ・世界のセラミックターゲット市場規模 世界のセラミックターゲット市場規模：2022年 VS 2029年 世界のセラミックターゲット市場規模と予測 2018年-2029年 ・競争状況 グローバルトップ企業 売上ベースでのグローバルトップ企業 企業別グローバルでのセラミックターゲットの売上 グローバルトップ3およびトップ5企業、2022年売上ベース グローバル企業のセラミックターゲット製品タイプ グローバルにおけるティア1、ティア2、ティア3企業 ・タイプ別市場分析 タイプ区分：平面ターゲット、回転ターゲット セラミックターゲットのタイプ別グローバル売上・予測 ・用途別市場分析 用途区分：フラットパネルディスプレイ、太陽光発電、その他 セラミックターゲットの用途別グローバル売上・予測 ・地域別市場分析 地域別セラミックターゲット市場規模 2022年と2029年 地域別セラミックターゲット売上・予測 北米市場：アメリカ、カナダ、メキシコ ヨーロッパ市場：ドイツ、フランス、イギリス、イタリア、ロシア アジア市場：中国、日本、韓国、東南アジア、インド 南米市場：ブラジル、アルゼンチン 中東・アフリカ市場：トルコ、イスラエル、サウジアラビア、UAE ・主要企業のプロファイル（企業概要、事業概要、主要製品、売上、ニュースなど） JX Nippon Mining、 Mitsui Mining & Smelting、 Tosoh SMD、 Samsung Corning Advanced Glass、 Umicore、 LT Metal、 Vital Material、 Ulvac, Inc.、 Advanced Nano Products Co., Ltd、 Solar Applied Materials Technology、 Guangxi Crystal Union Photoelectric、 Beijing Yeke Nano Tech Co., Ltd.、 Fujian Acetron New Materials Co., Ltd、 Materion (Heraeus)、 Angstrom Sciences ... |
This research report provides a comprehensive analysis of the Ceramic Target market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Ceramic Target market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Ceramic Target, challenges faced by the industry, and potential opportunities for market players.
The global Ceramic Target market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The Ceramic Target market presents opportunities for various stakeholders, including Flat Panel Display, Solar Energy. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in Ceramic Target market. Additionally, the growing consumer demand present avenues for market expansion.
The global Ceramic Target market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period.
Ceramic target are used in a process called Physical Vapor Deposition (PVD), which is used in the production of various thin films, including semiconductor devices, solar cells, and optical coatings. Target ceramics are made up of materials such as alumina, titanium dioxide, zirconia, and silicon dioxide. They have high melting points, low sputtering rates, and high purity, making them popular for use in PVD processes. They are also durable, chemically stable, and resistant to heat and wear, making them an ideal choice for many industrial applications.
Key Features:
The research report on the Ceramic Target market includes several key features to provide comprehensive insights and facilitate decision-making for stakeholders.
Executive Summary: The report provides overview of the key findings, market trends, and major insights of the Ceramic Target market.
Market Overview: The report provides a comprehensive overview of the Ceramic Target market, including its definition, historical development, and current market size. It covers market segmentation by Type (e.g., Planar Target, Rotary Target), region, and application, highlighting the key drivers, challenges, and opportunities within each segment.
Market Dynamics: The report analyses the market dynamics driving the growth and development of the Ceramic Target market. The report includes an assessment of government policies and regulations, technological advancements, consumer trends and preferences, infrastructure development, and industry collaborations. This analysis helps stakeholders understand the factors influencing the Ceramic Target market’s trajectory.
Competitive Landscape: The report provides an in-depth analysis of the competitive landscape within the Ceramic Target market. It includes profiles of major market players, their market share, strategies, product portfolios, and recent developments.
Market Segmentation and Forecast: The report segment the Ceramic Target market based on various parameters, such as by Type, region, and by Application. It provides market size and growth forecasts for each segment, supported by quantitative data and analysis. This helps stakeholders identify growth opportunities and make informed investment decisions.
Technological Trends: The report should highlight the key technological trends shaping the Ceramic Target market, such as advancements in Type One technology and emerging substitutes. It analyses the impact of these trends on market growth, adoption rates, and consumer preferences.
Market Challenges and Opportunities: The report identify and analyses the major challenges faced by the Ceramic Target market, such as technical bottleneck, cost limitations, and high entry barrier. It also highlights the opportunities for market growth, such as government incentives, emerging markets, and collaborations between stakeholders.
Regulatory and Policy Analysis: The report should assess the regulatory and policy landscape for Ceramic Target, including government incentives, emission standards, and infrastructure development plans. It should analyse the impact of these policies on market growth and provide insights into future regulatory developments.
Recommendations and Conclusion: The report conclude with actionable recommendations for stakeholders, such as Application One Consumer, policymakers, investors, and infrastructure providers. These recommendations should be based on the research findings and address key challenges and opportunities within the Ceramic Target market.
Supporting Data and Appendices: The report include supporting data, charts, and graphs to substantiate the analysis and findings. It also includes appendices with additional detailed information, such as data sources, survey questionnaires, and detailed market forecasts.
Market Segmentation
Ceramic Target market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Planar Target
Rotary Target
Market segment by Application
Flat Panel Display
Solar Energy
Other
Global Ceramic Target Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Major players covered
JX Nippon Mining
Mitsui Mining & Smelting
Tosoh SMD
Samsung Corning Advanced Glass
Umicore
LT Metal
Vital Material
Ulvac, Inc.
Advanced Nano Products Co., Ltd
Solar Applied Materials Technology
Guangxi Crystal Union Photoelectric
Beijing Yeke Nano Tech Co., Ltd.
Fujian Acetron New Materials Co., Ltd
Materion (Heraeus)
Angstrom Sciences
Outline of Major Chapters:
Chapter 1: Introduces the definition of Ceramic Target, market overview.
Chapter 2: Global Ceramic Target market size in revenue and volume.
Chapter 3: Detailed analysis of Ceramic Target manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Ceramic Target in 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 7: 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 8: Global Ceramic Target capacity by region & country.
Chapter 9: 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 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
1 Introduction to Research & Analysis Reports
1.1 Ceramic Target Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Ceramic Target Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Ceramic Target Overall Market Size
2.1 Global Ceramic Target Market Size: 2022 VS 2029
2.2 Global Ceramic Target Revenue, Prospects & Forecasts: 2018-2029
2.3 Global Ceramic Target Sales: 2018-2029
3 Company Landscape
3.1 Top Ceramic Target Players in Global Market
3.2 Top Global Ceramic Target Companies Ranked by Revenue
3.3 Global Ceramic Target Revenue by Companies
3.4 Global Ceramic Target Sales by Companies
3.5 Global Ceramic Target Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Ceramic Target Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Ceramic Target Product Type
3.8 Tier 1, Tier 2 and Tier 3 Ceramic Target Players in Global Market
3.8.1 List of Global Tier 1 Ceramic Target Companies
3.8.2 List of Global Tier 2 and Tier 3 Ceramic Target Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type – Global Ceramic Target Market Size Markets, 2022 & 2029
4.1.2 Planar Target
4.1.3 Rotary Target
4.2 By Type – Global Ceramic Target Revenue & Forecasts
4.2.1 By Type – Global Ceramic Target Revenue, 2018-2023
4.2.2 By Type – Global Ceramic Target Revenue, 2024-2029
4.2.3 By Type – Global Ceramic Target Revenue Market Share, 2018-2029
4.3 By Type – Global Ceramic Target Sales & Forecasts
4.3.1 By Type – Global Ceramic Target Sales, 2018-2023
4.3.2 By Type – Global Ceramic Target Sales, 2024-2029
4.3.3 By Type – Global Ceramic Target Sales Market Share, 2018-2029
4.4 By Type – Global Ceramic Target Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application – Global Ceramic Target Market Size, 2022 & 2029
5.1.2 Flat Panel Display
5.1.3 Solar Energy
5.1.4 Other
5.2 By Application – Global Ceramic Target Revenue & Forecasts
5.2.1 By Application – Global Ceramic Target Revenue, 2018-2023
5.2.2 By Application – Global Ceramic Target Revenue, 2024-2029
5.2.3 By Application – Global Ceramic Target Revenue Market Share, 2018-2029
5.3 By Application – Global Ceramic Target Sales & Forecasts
5.3.1 By Application – Global Ceramic Target Sales, 2018-2023
5.3.2 By Application – Global Ceramic Target Sales, 2024-2029
5.3.3 By Application – Global Ceramic Target Sales Market Share, 2018-2029
5.4 By Application – Global Ceramic Target Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
6.1 By Region – Global Ceramic Target Market Size, 2022 & 2029
6.2 By Region – Global Ceramic Target Revenue & Forecasts
6.2.1 By Region – Global Ceramic Target Revenue, 2018-2023
6.2.2 By Region – Global Ceramic Target Revenue, 2024-2029
6.2.3 By Region – Global Ceramic Target Revenue Market Share, 2018-2029
6.3 By Region – Global Ceramic Target Sales & Forecasts
6.3.1 By Region – Global Ceramic Target Sales, 2018-2023
6.3.2 By Region – Global Ceramic Target Sales, 2024-2029
6.3.3 By Region – Global Ceramic Target Sales Market Share, 2018-2029
6.4 North America
6.4.1 By Country – North America Ceramic Target Revenue, 2018-2029
6.4.2 By Country – North America Ceramic Target Sales, 2018-2029
6.4.3 US Ceramic Target Market Size, 2018-2029
6.4.4 Canada Ceramic Target Market Size, 2018-2029
6.4.5 Mexico Ceramic Target Market Size, 2018-2029
6.5 Europe
6.5.1 By Country – Europe Ceramic Target Revenue, 2018-2029
6.5.2 By Country – Europe Ceramic Target Sales, 2018-2029
6.5.3 Germany Ceramic Target Market Size, 2018-2029
6.5.4 France Ceramic Target Market Size, 2018-2029
6.5.5 U.K. Ceramic Target Market Size, 2018-2029
6.5.6 Italy Ceramic Target Market Size, 2018-2029
6.5.7 Russia Ceramic Target Market Size, 2018-2029
6.5.8 Nordic Countries Ceramic Target Market Size, 2018-2029
6.5.9 Benelux Ceramic Target Market Size, 2018-2029
6.6 Asia
6.6.1 By Region – Asia Ceramic Target Revenue, 2018-2029
6.6.2 By Region – Asia Ceramic Target Sales, 2018-2029
6.6.3 China Ceramic Target Market Size, 2018-2029
6.6.4 Japan Ceramic Target Market Size, 2018-2029
6.6.5 South Korea Ceramic Target Market Size, 2018-2029
6.6.6 Southeast Asia Ceramic Target Market Size, 2018-2029
6.6.7 India Ceramic Target Market Size, 2018-2029
6.7 South America
6.7.1 By Country – South America Ceramic Target Revenue, 2018-2029
6.7.2 By Country – South America Ceramic Target Sales, 2018-2029
6.7.3 Brazil Ceramic Target Market Size, 2018-2029
6.7.4 Argentina Ceramic Target Market Size, 2018-2029
6.8 Middle East & Africa
6.8.1 By Country – Middle East & Africa Ceramic Target Revenue, 2018-2029
6.8.2 By Country – Middle East & Africa Ceramic Target Sales, 2018-2029
6.8.3 Turkey Ceramic Target Market Size, 2018-2029
6.8.4 Israel Ceramic Target Market Size, 2018-2029
6.8.5 Saudi Arabia Ceramic Target Market Size, 2018-2029
6.8.6 UAE Ceramic Target Market Size, 2018-2029
7 Manufacturers & Brands Profiles
7.1 JX Nippon Mining
7.1.1 JX Nippon Mining Company Summary
7.1.2 JX Nippon Mining Business Overview
7.1.3 JX Nippon Mining Ceramic Target Major Product Offerings
7.1.4 JX Nippon Mining Ceramic Target Sales and Revenue in Global (2018-2023)
7.1.5 JX Nippon Mining Key News & Latest Developments
7.2 Mitsui Mining & Smelting
7.2.1 Mitsui Mining & Smelting Company Summary
7.2.2 Mitsui Mining & Smelting Business Overview
7.2.3 Mitsui Mining & Smelting Ceramic Target Major Product Offerings
7.2.4 Mitsui Mining & Smelting Ceramic Target Sales and Revenue in Global (2018-2023)
7.2.5 Mitsui Mining & Smelting Key News & Latest Developments
7.3 Tosoh SMD
7.3.1 Tosoh SMD Company Summary
7.3.2 Tosoh SMD Business Overview
7.3.3 Tosoh SMD Ceramic Target Major Product Offerings
7.3.4 Tosoh SMD Ceramic Target Sales and Revenue in Global (2018-2023)
7.3.5 Tosoh SMD Key News & Latest Developments
7.4 Samsung Corning Advanced Glass
7.4.1 Samsung Corning Advanced Glass Company Summary
7.4.2 Samsung Corning Advanced Glass Business Overview
7.4.3 Samsung Corning Advanced Glass Ceramic Target Major Product Offerings
7.4.4 Samsung Corning Advanced Glass Ceramic Target Sales and Revenue in Global (2018-2023)
7.4.5 Samsung Corning Advanced Glass Key News & Latest Developments
7.5 Umicore
7.5.1 Umicore Company Summary
7.5.2 Umicore Business Overview
7.5.3 Umicore Ceramic Target Major Product Offerings
7.5.4 Umicore Ceramic Target Sales and Revenue in Global (2018-2023)
7.5.5 Umicore Key News & Latest Developments
7.6 LT Metal
7.6.1 LT Metal Company Summary
7.6.2 LT Metal Business Overview
7.6.3 LT Metal Ceramic Target Major Product Offerings
7.6.4 LT Metal Ceramic Target Sales and Revenue in Global (2018-2023)
7.6.5 LT Metal Key News & Latest Developments
7.7 Vital Material
7.7.1 Vital Material Company Summary
7.7.2 Vital Material Business Overview
7.7.3 Vital Material Ceramic Target Major Product Offerings
7.7.4 Vital Material Ceramic Target Sales and Revenue in Global (2018-2023)
7.7.5 Vital Material Key News & Latest Developments
7.8 Ulvac, Inc.
7.8.1 Ulvac, Inc. Company Summary
7.8.2 Ulvac, Inc. Business Overview
7.8.3 Ulvac, Inc. Ceramic Target Major Product Offerings
7.8.4 Ulvac, Inc. Ceramic Target Sales and Revenue in Global (2018-2023)
7.8.5 Ulvac, Inc. Key News & Latest Developments
7.9 Advanced Nano Products Co., Ltd
7.9.1 Advanced Nano Products Co., Ltd Company Summary
7.9.2 Advanced Nano Products Co., Ltd Business Overview
7.9.3 Advanced Nano Products Co., Ltd Ceramic Target Major Product Offerings
7.9.4 Advanced Nano Products Co., Ltd Ceramic Target Sales and Revenue in Global (2018-2023)
7.9.5 Advanced Nano Products Co., Ltd Key News & Latest Developments
7.10 Solar Applied Materials Technology
7.10.1 Solar Applied Materials Technology Company Summary
7.10.2 Solar Applied Materials Technology Business Overview
7.10.3 Solar Applied Materials Technology Ceramic Target Major Product Offerings
7.10.4 Solar Applied Materials Technology Ceramic Target Sales and Revenue in Global (2018-2023)
7.10.5 Solar Applied Materials Technology Key News & Latest Developments
7.11 Guangxi Crystal Union Photoelectric
7.11.1 Guangxi Crystal Union Photoelectric Company Summary
7.11.2 Guangxi Crystal Union Photoelectric Business Overview
7.11.3 Guangxi Crystal Union Photoelectric Ceramic Target Major Product Offerings
7.11.4 Guangxi Crystal Union Photoelectric Ceramic Target Sales and Revenue in Global (2018-2023)
7.11.5 Guangxi Crystal Union Photoelectric Key News & Latest Developments
7.12 Beijing Yeke Nano Tech Co., Ltd.
7.12.1 Beijing Yeke Nano Tech Co., Ltd. Company Summary
7.12.2 Beijing Yeke Nano Tech Co., Ltd. Business Overview
7.12.3 Beijing Yeke Nano Tech Co., Ltd. Ceramic Target Major Product Offerings
7.12.4 Beijing Yeke Nano Tech Co., Ltd. Ceramic Target Sales and Revenue in Global (2018-2023)
7.12.5 Beijing Yeke Nano Tech Co., Ltd. Key News & Latest Developments
7.13 Fujian Acetron New Materials Co., Ltd
7.13.1 Fujian Acetron New Materials Co., Ltd Company Summary
7.13.2 Fujian Acetron New Materials Co., Ltd Business Overview
7.13.3 Fujian Acetron New Materials Co., Ltd Ceramic Target Major Product Offerings
7.13.4 Fujian Acetron New Materials Co., Ltd Ceramic Target Sales and Revenue in Global (2018-2023)
7.13.5 Fujian Acetron New Materials Co., Ltd Key News & Latest Developments
7.14 Materion (Heraeus)
7.14.1 Materion (Heraeus) Company Summary
7.14.2 Materion (Heraeus) Business Overview
7.14.3 Materion (Heraeus) Ceramic Target Major Product Offerings
7.14.4 Materion (Heraeus) Ceramic Target Sales and Revenue in Global (2018-2023)
7.14.5 Materion (Heraeus) Key News & Latest Developments
7.15 Angstrom Sciences
7.15.1 Angstrom Sciences Company Summary
7.15.2 Angstrom Sciences Business Overview
7.15.3 Angstrom Sciences Ceramic Target Major Product Offerings
7.15.4 Angstrom Sciences Ceramic Target Sales and Revenue in Global (2018-2023)
7.15.5 Angstrom Sciences Key News & Latest Developments
8 Global Ceramic Target Production Capacity, Analysis
8.1 Global Ceramic Target Production Capacity, 2018-2029
8.2 Ceramic Target Production Capacity of Key Manufacturers in Global Market
8.3 Global Ceramic Target Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Ceramic Target Supply Chain Analysis
10.1 Ceramic Target Industry Value Chain
10.2 Ceramic Target Upstream Market
10.3 Ceramic Target Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Ceramic Target Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer