▶ 調査レポート

シペルメトリンECの世界市場見通し2023年-2029年

• 英文タイトル:Cypermethrin EC Market, Global Outlook and Forecast 2023-2029

Market Monitor Globalが調査・発行した産業分析レポートです。シペルメトリンECの世界市場見通し2023年-2029年 / Cypermethrin EC Market, Global Outlook and Forecast 2023-2029 / MRC2312MG09659資料のイメージです。• レポートコード:MRC2312MG09659
• 出版社/出版日:Market Monitor Global / 2023年12月
• レポート形態:英文、PDF、114ページ
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• 産業分類:化学&材料
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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、世界のシペルメトリンEC市場規模と予測を収録しています。・世界のシペルメトリンEC市場:売上、2018年-2023年、2024年-2029年
・世界のシペルメトリンEC市場:販売量、2018年-2023年、2024年-2029年
・世界のトップ5企業、2022年

世界のシペルメトリンEC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。「<10%」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。

シペルメトリンECのグローバル主要企業は、FMC Corporation、 Bayer、 Syngenta、 Heranba、 Tagros、 UPL Limited、 Hemani Group、 Gharda Chemicals、 Hockley、 Peptech Biosciences、 Bharat Group、 Paras Crops Limited、 Rallis、 Zagro、 Jiangsu Lanfeng、 HongDongFang Chemical、 Liwei Chemical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、シペルメトリンEC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】

世界のシペルメトリンEC市場:タイプ別、2018年-2023年、2024年-2029年
世界のシペルメトリンEC市場:タイプ別市場シェア、2022年
・<10%、10%-20%、>20%

世界のシペルメトリンEC市場:用途別、2018年-2023年、2024年-2029年
世界のシペルメトリンEC市場:用途別市場シェア、2022年
・農業、公衆衛生、体外殺虫剤、その他

世界のシペルメトリンEC市場:地域・国別、2018年-2023年、2024年-2029年
世界のシペルメトリンEC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。
・主要企業におけるシペルメトリンECのグローバル売上、2018年-2023年
・主要企業におけるシペルメトリンECのグローバル売上シェア、2022年
・主要企業におけるシペルメトリンECのグローバル販売量、2018年-2023年
・主要企業におけるシペルメトリンEC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。
FMC Corporation、 Bayer、 Syngenta、 Heranba、 Tagros、 UPL Limited、 Hemani Group、 Gharda Chemicals、 Hockley、 Peptech Biosciences、 Bharat Group、 Paras Crops Limited、 Rallis、 Zagro、 Jiangsu Lanfeng、 HongDongFang Chemical、 Liwei Chemical

*************************************************************

・調査・分析レポートの概要
シペルメトリンEC市場の定義
市場セグメント
世界のシペルメトリンEC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

・世界のシペルメトリンEC市場規模
世界のシペルメトリンEC市場規模:2022年 VS 2029年
世界のシペルメトリンEC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シペルメトリンEC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
グローバル企業のシペルメトリンEC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:<10%、10%-20%、>20%
シペルメトリンEC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:農業、公衆衛生、体外殺虫剤、その他
シペルメトリンECの用途別グローバル売上・予測

・地域別市場分析
地域別シペルメトリンEC市場規模 2022年と2029年
地域別シペルメトリンEC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)
FMC Corporation、 Bayer、 Syngenta、 Heranba、 Tagros、 UPL Limited、 Hemani Group、 Gharda Chemicals、 Hockley、 Peptech Biosciences、 Bharat Group、 Paras Crops Limited、 Rallis、 Zagro、 Jiangsu Lanfeng、 HongDongFang Chemical、 Liwei Chemical
...

This research report provides a comprehensive analysis of the Cypermethrin EC market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Cypermethrin EC market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Cypermethrin EC, challenges faced by the industry, and potential opportunities for market players.
The global Cypermethrin EC market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The Cypermethrin EC market presents opportunities for various stakeholders, including Agriculture, Public Hygiene. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in Cypermethrin EC market. Additionally, the growing consumer demand present avenues for market expansion.
The global Cypermethrin EC 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. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Key Features:
The research report on the Cypermethrin EC 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 Cypermethrin EC market.
Market Overview: The report provides a comprehensive overview of the Cypermethrin EC market, including its definition, historical development, and current market size. It covers market segmentation by Type (e.g., <10%, 10%-20%), 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 Cypermethrin EC 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 Cypermethrin EC market's trajectory. Competitive Landscape: The report provides an in-depth analysis of the competitive landscape within the Cypermethrin EC 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 Cypermethrin EC 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 Cypermethrin EC 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 Cypermethrin EC 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 Cypermethrin EC, 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 Cypermethrin EC 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 Cypermethrin EC 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 <10% 10%-20% >20%
Market segment by Application
Agriculture
Public Hygiene
In Vitro Insecticide
Others
Global Cypermethrin EC 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
FMC Corporation
Bayer
Syngenta
Heranba
Tagros
UPL Limited
Hemani Group
Gharda Chemicals
Hockley
Peptech Biosciences
Bharat Group
Paras Crops Limited
Rallis
Zagro
Jiangsu Lanfeng
HongDongFang Chemical
Liwei Chemical
Outline of Major Chapters:
Chapter 1: Introduces the definition of Cypermethrin EC, market overview.
Chapter 2: Global Cypermethrin EC market size in revenue and volume.
Chapter 3: Detailed analysis of Cypermethrin EC 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 Cypermethrin EC 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 Cypermethrin EC 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.

レポート目次

1 Introduction to Research & Analysis Reports
1.1 Cypermethrin EC Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Cypermethrin EC 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 Cypermethrin EC Overall Market Size
2.1 Global Cypermethrin EC Market Size: 2022 VS 2029
2.2 Global Cypermethrin EC Revenue, Prospects & Forecasts: 2018-2029
2.3 Global Cypermethrin EC Sales: 2018-2029
3 Company Landscape
3.1 Top Cypermethrin EC Players in Global Market
3.2 Top Global Cypermethrin EC Companies Ranked by Revenue
3.3 Global Cypermethrin EC Revenue by Companies
3.4 Global Cypermethrin EC Sales by Companies
3.5 Global Cypermethrin EC Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Cypermethrin EC Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Cypermethrin EC Product Type
3.8 Tier 1, Tier 2 and Tier 3 Cypermethrin EC Players in Global Market
3.8.1 List of Global Tier 1 Cypermethrin EC Companies
3.8.2 List of Global Tier 2 and Tier 3 Cypermethrin EC Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type – Global Cypermethrin EC Market Size Markets, 2022 & 2029
4.1.2 <10% 4.1.3 10%-20% 4.1.4 >20%
4.2 By Type – Global Cypermethrin EC Revenue & Forecasts
4.2.1 By Type – Global Cypermethrin EC Revenue, 2018-2023
4.2.2 By Type – Global Cypermethrin EC Revenue, 2024-2029
4.2.3 By Type – Global Cypermethrin EC Revenue Market Share, 2018-2029
4.3 By Type – Global Cypermethrin EC Sales & Forecasts
4.3.1 By Type – Global Cypermethrin EC Sales, 2018-2023
4.3.2 By Type – Global Cypermethrin EC Sales, 2024-2029
4.3.3 By Type – Global Cypermethrin EC Sales Market Share, 2018-2029
4.4 By Type – Global Cypermethrin EC Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application – Global Cypermethrin EC Market Size, 2022 & 2029
5.1.2 Agriculture
5.1.3 Public Hygiene
5.1.4 In Vitro Insecticide
5.1.5 Others
5.2 By Application – Global Cypermethrin EC Revenue & Forecasts
5.2.1 By Application – Global Cypermethrin EC Revenue, 2018-2023
5.2.2 By Application – Global Cypermethrin EC Revenue, 2024-2029
5.2.3 By Application – Global Cypermethrin EC Revenue Market Share, 2018-2029
5.3 By Application – Global Cypermethrin EC Sales & Forecasts
5.3.1 By Application – Global Cypermethrin EC Sales, 2018-2023
5.3.2 By Application – Global Cypermethrin EC Sales, 2024-2029
5.3.3 By Application – Global Cypermethrin EC Sales Market Share, 2018-2029
5.4 By Application – Global Cypermethrin EC Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
6.1 By Region – Global Cypermethrin EC Market Size, 2022 & 2029
6.2 By Region – Global Cypermethrin EC Revenue & Forecasts
6.2.1 By Region – Global Cypermethrin EC Revenue, 2018-2023
6.2.2 By Region – Global Cypermethrin EC Revenue, 2024-2029
6.2.3 By Region – Global Cypermethrin EC Revenue Market Share, 2018-2029
6.3 By Region – Global Cypermethrin EC Sales & Forecasts
6.3.1 By Region – Global Cypermethrin EC Sales, 2018-2023
6.3.2 By Region – Global Cypermethrin EC Sales, 2024-2029
6.3.3 By Region – Global Cypermethrin EC Sales Market Share, 2018-2029
6.4 North America
6.4.1 By Country – North America Cypermethrin EC Revenue, 2018-2029
6.4.2 By Country – North America Cypermethrin EC Sales, 2018-2029
6.4.3 US Cypermethrin EC Market Size, 2018-2029
6.4.4 Canada Cypermethrin EC Market Size, 2018-2029
6.4.5 Mexico Cypermethrin EC Market Size, 2018-2029
6.5 Europe
6.5.1 By Country – Europe Cypermethrin EC Revenue, 2018-2029
6.5.2 By Country – Europe Cypermethrin EC Sales, 2018-2029
6.5.3 Germany Cypermethrin EC Market Size, 2018-2029
6.5.4 France Cypermethrin EC Market Size, 2018-2029
6.5.5 U.K. Cypermethrin EC Market Size, 2018-2029
6.5.6 Italy Cypermethrin EC Market Size, 2018-2029
6.5.7 Russia Cypermethrin EC Market Size, 2018-2029
6.5.8 Nordic Countries Cypermethrin EC Market Size, 2018-2029
6.5.9 Benelux Cypermethrin EC Market Size, 2018-2029
6.6 Asia
6.6.1 By Region – Asia Cypermethrin EC Revenue, 2018-2029
6.6.2 By Region – Asia Cypermethrin EC Sales, 2018-2029
6.6.3 China Cypermethrin EC Market Size, 2018-2029
6.6.4 Japan Cypermethrin EC Market Size, 2018-2029
6.6.5 South Korea Cypermethrin EC Market Size, 2018-2029
6.6.6 Southeast Asia Cypermethrin EC Market Size, 2018-2029
6.6.7 India Cypermethrin EC Market Size, 2018-2029
6.7 South America
6.7.1 By Country – South America Cypermethrin EC Revenue, 2018-2029
6.7.2 By Country – South America Cypermethrin EC Sales, 2018-2029
6.7.3 Brazil Cypermethrin EC Market Size, 2018-2029
6.7.4 Argentina Cypermethrin EC Market Size, 2018-2029
6.8 Middle East & Africa
6.8.1 By Country – Middle East & Africa Cypermethrin EC Revenue, 2018-2029
6.8.2 By Country – Middle East & Africa Cypermethrin EC Sales, 2018-2029
6.8.3 Turkey Cypermethrin EC Market Size, 2018-2029
6.8.4 Israel Cypermethrin EC Market Size, 2018-2029
6.8.5 Saudi Arabia Cypermethrin EC Market Size, 2018-2029
6.8.6 UAE Cypermethrin EC Market Size, 2018-2029
7 Manufacturers & Brands Profiles
7.1 FMC Corporation
7.1.1 FMC Corporation Company Summary
7.1.2 FMC Corporation Business Overview
7.1.3 FMC Corporation Cypermethrin EC Major Product Offerings
7.1.4 FMC Corporation Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.1.5 FMC Corporation Key News & Latest Developments
7.2 Bayer
7.2.1 Bayer Company Summary
7.2.2 Bayer Business Overview
7.2.3 Bayer Cypermethrin EC Major Product Offerings
7.2.4 Bayer Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.2.5 Bayer Key News & Latest Developments
7.3 Syngenta
7.3.1 Syngenta Company Summary
7.3.2 Syngenta Business Overview
7.3.3 Syngenta Cypermethrin EC Major Product Offerings
7.3.4 Syngenta Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.3.5 Syngenta Key News & Latest Developments
7.4 Heranba
7.4.1 Heranba Company Summary
7.4.2 Heranba Business Overview
7.4.3 Heranba Cypermethrin EC Major Product Offerings
7.4.4 Heranba Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.4.5 Heranba Key News & Latest Developments
7.5 Tagros
7.5.1 Tagros Company Summary
7.5.2 Tagros Business Overview
7.5.3 Tagros Cypermethrin EC Major Product Offerings
7.5.4 Tagros Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.5.5 Tagros Key News & Latest Developments
7.6 UPL Limited
7.6.1 UPL Limited Company Summary
7.6.2 UPL Limited Business Overview
7.6.3 UPL Limited Cypermethrin EC Major Product Offerings
7.6.4 UPL Limited Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.6.5 UPL Limited Key News & Latest Developments
7.7 Hemani Group
7.7.1 Hemani Group Company Summary
7.7.2 Hemani Group Business Overview
7.7.3 Hemani Group Cypermethrin EC Major Product Offerings
7.7.4 Hemani Group Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.7.5 Hemani Group Key News & Latest Developments
7.8 Gharda Chemicals
7.8.1 Gharda Chemicals Company Summary
7.8.2 Gharda Chemicals Business Overview
7.8.3 Gharda Chemicals Cypermethrin EC Major Product Offerings
7.8.4 Gharda Chemicals Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.8.5 Gharda Chemicals Key News & Latest Developments
7.9 Hockley
7.9.1 Hockley Company Summary
7.9.2 Hockley Business Overview
7.9.3 Hockley Cypermethrin EC Major Product Offerings
7.9.4 Hockley Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.9.5 Hockley Key News & Latest Developments
7.10 Peptech Biosciences
7.10.1 Peptech Biosciences Company Summary
7.10.2 Peptech Biosciences Business Overview
7.10.3 Peptech Biosciences Cypermethrin EC Major Product Offerings
7.10.4 Peptech Biosciences Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.10.5 Peptech Biosciences Key News & Latest Developments
7.11 Bharat Group
7.11.1 Bharat Group Company Summary
7.11.2 Bharat Group Business Overview
7.11.3 Bharat Group Cypermethrin EC Major Product Offerings
7.11.4 Bharat Group Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.11.5 Bharat Group Key News & Latest Developments
7.12 Paras Crops Limited
7.12.1 Paras Crops Limited Company Summary
7.12.2 Paras Crops Limited Business Overview
7.12.3 Paras Crops Limited Cypermethrin EC Major Product Offerings
7.12.4 Paras Crops Limited Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.12.5 Paras Crops Limited Key News & Latest Developments
7.13 Rallis
7.13.1 Rallis Company Summary
7.13.2 Rallis Business Overview
7.13.3 Rallis Cypermethrin EC Major Product Offerings
7.13.4 Rallis Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.13.5 Rallis Key News & Latest Developments
7.14 Zagro
7.14.1 Zagro Company Summary
7.14.2 Zagro Business Overview
7.14.3 Zagro Cypermethrin EC Major Product Offerings
7.14.4 Zagro Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.14.5 Zagro Key News & Latest Developments
7.15 Jiangsu Lanfeng
7.15.1 Jiangsu Lanfeng Company Summary
7.15.2 Jiangsu Lanfeng Business Overview
7.15.3 Jiangsu Lanfeng Cypermethrin EC Major Product Offerings
7.15.4 Jiangsu Lanfeng Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.15.5 Jiangsu Lanfeng Key News & Latest Developments
7.16 HongDongFang Chemical
7.16.1 HongDongFang Chemical Company Summary
7.16.2 HongDongFang Chemical Business Overview
7.16.3 HongDongFang Chemical Cypermethrin EC Major Product Offerings
7.16.4 HongDongFang Chemical Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.16.5 HongDongFang Chemical Key News & Latest Developments
7.17 Liwei Chemical
7.17.1 Liwei Chemical Company Summary
7.17.2 Liwei Chemical Business Overview
7.17.3 Liwei Chemical Cypermethrin EC Major Product Offerings
7.17.4 Liwei Chemical Cypermethrin EC Sales and Revenue in Global (2018-2023)
7.17.5 Liwei Chemical Key News & Latest Developments
8 Global Cypermethrin EC Production Capacity, Analysis
8.1 Global Cypermethrin EC Production Capacity, 2018-2029
8.2 Cypermethrin EC Production Capacity of Key Manufacturers in Global Market
8.3 Global Cypermethrin EC 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 Cypermethrin EC Supply Chain Analysis
10.1 Cypermethrin EC Industry Value Chain
10.2 Cypermethrin EC Upstream Market
10.3 Cypermethrin EC Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Cypermethrin EC Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer