Global Construction Fasteners Market Research Report 2021 Professional Edition
Date: Apr-2021 | Id: MACRC-24025 | Geographical Scope: Global | Publisher: HNY Research
The research team projects that the Construction Fasteners market size will grow from XXX in 2020 to XXX by 2027, at an estimated CAGR of XX. The base year considered for the study is 2020, and the market size is projected from 2020 to 2027. The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with 10 major regions and 50 major countries. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better. By Market Players: MeFaCo American Fastener Technologies Integrity Fasteners Starborn Industries Apex Fasteners Allfasteners Manasquan Premium Fasteners Hillman Purchase Partners Fixfast Empire Bolt & Screw Dillon Construction Fasteners Carpenter & Paterson Amifast Lightning Bolt Continental Materials Nerang Bolts & Nuts ET Fasteners Commencing In 2 Components Zipco Huttig-Grip Good Good Manufacturers PTS EJOT ECF Pacific Bolt Alloy Fasteners E&A Products Global Screw Industrial Hardware & Specialties Trutek Fasteners Etra Uni-Protech Industrial Shenghan By Type Bolts Nuts Washers Screws Rivets Anchors Nails By Application Constructions Industrial Others By Regions/Countries: North America United States Canada Mexico East Asia China Japan South Korea Europe Germany United Kingdom France Italy Russia Spain Netherlands Switzerland Poland South Asia India Pakistan Bangladesh Southeast Asia Indonesia Thailand Singapore Malaysia Philippines Vietnam Myanmar Middle East Turkey Saudi Arabia Iran United Arab Emirates Israel Iraq Qatar Kuwait Oman Africa Nigeria South Africa Egypt Algeria Morocoo Oceania Australia New Zealand South America Brazil Argentina Colombia Chile Venezuela Peru Puerto Rico Ecuador Rest of the World Kazakhstan Points Covered in The Report The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc. The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years data history and forecast. The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail. Data and information by market player, by region, by type, by application and etc, and custom research can be added according to specific requirements. The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included. Key Reasons to Purchase To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape. Assess the production processes, major issues, and solutions to mitigate the development risk. To understand the most affecting driving and restraining forces in the market and its impact in the global market. Learn about the market strategies that are being adopted by leading respective organizations. To understand the future outlook and prospects for the market. Besides the standard structure reports, we also provide custom research according to specific requirements. The report focuses on Global, Top 10 Regions and Top 50 Countries Market Size of Construction Fasteners 2016-2021, and development forecast 2022-2027 including industries, major players/suppliers worldwide and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications which will provide its price and profit status, and marketing status & market growth drivers and challenges, with base year as 2020. Key Indicators Analysed Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2021 & Sales by Product Types. Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2022-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its production, consumption, import & export, sales volume & revenue forecast. Market Analysis by Product Type: The report covers majority Product Types in the Construction Fasteners Industry, including its product specifcations by each key player, volume, sales by Volume and Value (M USD). Markat Analysis by Application Type: Based on the Construction Fasteners Industry and its applications, the market is further sub-segmented into several major Application of its industry. It provides you with the market size, CAGR & forecast by each industry applications. Market Trends: Market key trends which include Increased Competition and Continuous Innovations. Opportunities and <b>Drivers:</b> Identifying the Growing Demands and New Technology Porters Five Force Analysis: The report will provide with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry. COVID-19 Impact Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Construction Fasteners market in 2021. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
1 Report Overview 1.1 Study Scope 1.2 Key Market Segments 1.3 Players Covered: Ranking by Construction Fasteners Revenue 1.4 Market Analysis by Type 1.4.1 Global Construction Fasteners Market Size Growth Rate by Type: 2021 VS 2027 1.4.2 Bolts 1.4.3 Nuts 1.4.4 Washers 1.4.5 Screws 1.4.6 Rivets 1.4.7 Anchors 1.4.8 Nails 1.5 Market by Application 1.5.1 Global Construction Fasteners Market Share by Application: 2022-2027 1.5.2 Constructions 1.5.3 Industrial 1.5.4 Others 1.6 Study Objectives 1.7 Years Considered 1.8 Overview of Global Construction Fasteners Market 1.8.1 Global Construction Fasteners Market Status and Outlook (2016-2027) 1.8.2 North America 1.8.3 East Asia 1.8.4 Europe 1.8.5 South Asia 1.8.6 Southeast Asia 1.8.7 Middle East 1.8.8 Africa 1.8.9 Oceania 1.8.10 South America 1.8.11 Rest of the World 2 Market Competition by Manufacturers 2.1 Global Construction Fasteners Production Capacity Market Share by Manufacturers (2016-2021) 2.2 Global Construction Fasteners Revenue Market Share by Manufacturers (2016-2021) 2.3 Global Construction Fasteners Average Price by Manufacturers (2016-2021) 2.4 Manufacturers Construction Fasteners Production Sites, Area Served, Product Type 3 Sales by Region 3.1 Global Construction Fasteners Sales Volume Market Share by Region (2016-2021) 3.2 Global Construction Fasteners Sales Revenue Market Share by Region (2016-2021) 3.3 North America Construction Fasteners Sales Volume 3.3.1 North America Construction Fasteners Sales Volume Growth Rate (2016-2021) 3.3.2 North America Construction Fasteners Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021) 3.4 East Asia Construction Fasteners Sales Volume 3.4.1 East Asia Construction Fasteners Sales Volume Growth Rate (2016-2021) 3.4.2 East Asia Construction Fasteners Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021) 3.5 Europe Construction Fasteners Sales Volume (2016-2021) 3.5.1 Europe Construction Fasteners Sales Volume Growth Rate (2016-2021) 3.5.2 Europe Construction Fasteners Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021) 3.6 South Asia Construction Fasteners Sales Volume (2016-2021) 3.6.1 South Asia Construction Fasteners Sales Volume Growth Rate (2016-2021) 3.6.2 South Asia Construction Fasteners Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021) 3.7 Southeast Asia Construction Fasteners Sales Volume (2016-2021) 3.7.1 Southeast Asia Construction Fasteners Sales Volume Growth Rate (2016-2021) 3.7.2 Southeast Asia Construction Fasteners Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021) 3.8 Middle East Construction Fasteners Sales Volume (2016-2021) 3.8.1 Middle East Construction Fasteners Sales Volume Growth Rate (2016-2021) 3.8.2 Middle East Construction Fasteners Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021) 3.9 Africa Construction Fasteners Sales Volume (2016-2021) 3.9.1 Africa Construction Fasteners Sales Volume Growth Rate (2016-2021) 3.9.2 Africa Construction Fasteners Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021) 3.10 Oceania Construction Fasteners Sales Volume (2016-2021) 3.10.1 Oceania Construction Fasteners Sales Volume Growth Rate (2016-2021) 3.10.2 Oceania Construction Fasteners Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021) 3.11 South America Construction Fasteners Sales Volume (2016-2021) 3.11.1 South America Construction Fasteners Sales Volume Growth Rate (2016-2021) 3.11.2 South America Construction Fasteners Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021) 3.12 Rest of the World Construction Fasteners Sales Volume (2016-2021) 3.12.1 Rest of the World Construction Fasteners Sales Volume Growth Rate (2016-2021) 3.12.2 Rest of the World Construction Fasteners Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021) 4 North America 4.1 North America Construction Fasteners Consumption by Countries 4.2 United States 4.3 Canada 4.4 Mexico 5 East Asia 5.1 East Asia Construction Fasteners Consumption by Countries 5.2 China 5.3 Japan 5.4 South Korea 6 Europe 6.1 Europe Construction Fasteners Consumption by Countries 6.2 Germany 6.3 United Kingdom 6.4 France 6.5 Italy 6.6 Russia 6.7 Spain 6.8 Netherlands 6.9 Switzerland 6.10 Poland 7 South Asia 7.1 South Asia Construction Fasteners Consumption by Countries 7.2 India 7.3 Pakistan 7.4 Bangladesh 8 Southeast Asia 8.1 Southeast Asia Construction Fasteners Consumption by Countries 8.2 Indonesia 8.3 Thailand 8.4 Singapore 8.5 Malaysia 8.6 Philippines 8.7 Vietnam 8.8 Myanmar 9 Middle East 9.1 Middle East Construction Fasteners Consumption by Countries 9.2 Turkey 9.3 Saudi Arabia 9.4 Iran 9.5 United Arab Emirates 9.6 Israel 9.7 Iraq 9.8 Qatar 9.9 Kuwait 9.10 Oman 10 Africa 10.1 Africa Construction Fasteners Consumption by Countries 10.2 Nigeria 10.3 South Africa 10.4 Egypt 10.5 Algeria 10.6 Morocco 11 Oceania 11.1 Oceania Construction Fasteners Consumption by Countries 11.2 Australia 11.3 New Zealand 12 South America 12.1 South America Construction Fasteners Consumption by Countries 12.2 Brazil 12.3 Argentina 12.4 Columbia 12.5 Chile 12.6 Venezuela 12.7 Peru 12.8 Puerto Rico 12.9 Ecuador 13 Rest of the World 13.1 Rest of the World Construction Fasteners Consumption by Countries 13.2 Kazakhstan 14 Sales Volume, Sales Revenue, Sales Price Trend by Type 14.1 Global Construction Fasteners Sales Volume Market Share by Type (2016-2021) 14.2 Global Construction Fasteners Sales Revenue Market Share by Type (2016-2021) 14.3 Global Construction Fasteners Sales Price by Type (2016-2021) 15 Consumption Analysis by Application 15.1 Global Construction Fasteners Consumption Volume by Application (2016-2021) 15.2 Global Construction Fasteners Consumption Value by Application (2016-2021) 16 Company Profiles and Key Figures in Construction Fasteners Business 16.1 MeFaCo 16.1.1 MeFaCo Company Profile 16.1.2 MeFaCo Construction Fasteners Product Specification 16.1.3 MeFaCo Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.2 American Fastener Technologies 16.2.1 American Fastener Technologies Company Profile 16.2.2 American Fastener Technologies Construction Fasteners Product Specification 16.2.3 American Fastener Technologies Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.3 Integrity Fasteners 16.3.1 Integrity Fasteners Company Profile 16.3.2 Integrity Fasteners Construction Fasteners Product Specification 16.3.3 Integrity Fasteners Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.4 Starborn Industries 16.4.1 Starborn Industries Company Profile 16.4.2 Starborn Industries Construction Fasteners Product Specification 16.4.3 Starborn Industries Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.5 Apex Fasteners 16.5.1 Apex Fasteners Company Profile 16.5.2 Apex Fasteners Construction Fasteners Product Specification 16.5.3 Apex Fasteners Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.6 Allfasteners 16.6.1 Allfasteners Company Profile 16.6.2 Allfasteners Construction Fasteners Product Specification 16.6.3 Allfasteners Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.7 Manasquan Premium Fasteners 16.7.1 Manasquan Premium Fasteners Company Profile 16.7.2 Manasquan Premium Fasteners Construction Fasteners Product Specification 16.7.3 Manasquan Premium Fasteners Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.8 Hillman 16.8.1 Hillman Company Profile 16.8.2 Hillman Construction Fasteners Product Specification 16.8.3 Hillman Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.9 Purchase Partners 16.9.1 Purchase Partners Company Profile 16.9.2 Purchase Partners Construction Fasteners Product Specification 16.9.3 Purchase Partners Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.10 Fixfast 16.10.1 Fixfast Company Profile 16.10.2 Fixfast Construction Fasteners Product Specification 16.10.3 Fixfast Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.11 Empire Bolt & Screw 16.11.1 Empire Bolt & Screw Company Profile 16.11.2 Empire Bolt & Screw Construction Fasteners Product Specification 16.11.3 Empire Bolt & Screw Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.12 Dillon Construction Fasteners 16.12.1 Dillon Construction Fasteners Company Profile 16.12.2 Dillon Construction Fasteners Construction Fasteners Product Specification 16.12.3 Dillon Construction Fasteners Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.13 Carpenter & Paterson 16.13.1 Carpenter & Paterson Company Profile 16.13.2 Carpenter & Paterson Construction Fasteners Product Specification 16.13.3 Carpenter & Paterson Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.14 Amifast 16.14.1 Amifast Company Profile 16.14.2 Amifast Construction Fasteners Product Specification 16.14.3 Amifast Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.15 Lightning Bolt 16.15.1 Lightning Bolt Company Profile 16.15.2 Lightning Bolt Construction Fasteners Product Specification 16.15.3 Lightning Bolt Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.16 Continental Materials 16.16.1 Continental Materials Company Profile 16.16.2 Continental Materials Construction Fasteners Product Specification 16.16.3 Continental Materials Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.17 Nerang Bolts & Nuts 16.17.1 Nerang Bolts & Nuts Company Profile 16.17.2 Nerang Bolts & Nuts Construction Fasteners Product Specification 16.17.3 Nerang Bolts & Nuts Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.18 ET Fasteners 16.18.1 ET Fasteners Company Profile 16.18.2 ET Fasteners Construction Fasteners Product Specification 16.18.3 ET Fasteners Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.19 Commencing 16.19.1 Commencing Company Profile 16.19.2 Commencing Construction Fasteners Product Specification 16.19.3 Commencing Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.20 In 2 Components 16.20.1 In 2 Components Company Profile 16.20.2 In 2 Components Construction Fasteners Product Specification 16.20.3 In 2 Components Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.21 Zipco 16.21.1 Zipco Company Profile 16.21.2 Zipco Construction Fasteners Product Specification 16.21.3 Zipco Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.22 Huttig-Grip 16.22.1 Huttig-Grip Company Profile 16.22.2 Huttig-Grip Construction Fasteners Product Specification 16.22.3 Huttig-Grip Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.23 Good Good Manufacturers 16.23.1 Good Good Manufacturers Company Profile 16.23.2 Good Good Manufacturers Construction Fasteners Product Specification 16.23.3 Good Good Manufacturers Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.24 PTS 16.24.1 PTS Company Profile 16.24.2 PTS Construction Fasteners Product Specification 16.24.3 PTS Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.25 EJOT 16.25.1 EJOT Company Profile 16.25.2 EJOT Construction Fasteners Product Specification 16.25.3 EJOT Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.26 ECF 16.26.1 ECF Company Profile 16.26.2 ECF Construction Fasteners Product Specification 16.26.3 ECF Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.27 Pacific Bolt 16.27.1 Pacific Bolt Company Profile 16.27.2 Pacific Bolt Construction Fasteners Product Specification 16.27.3 Pacific Bolt Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.28 Alloy Fasteners 16.28.1 Alloy Fasteners Company Profile 16.28.2 Alloy Fasteners Construction Fasteners Product Specification 16.28.3 Alloy Fasteners Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.29 E&A Products 16.29.1 E&A Products Company Profile 16.29.2 E&A Products Construction Fasteners Product Specification 16.29.3 E&A Products Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.30 Global Screw 16.30.1 Global Screw Company Profile 16.30.2 Global Screw Construction Fasteners Product Specification 16.30.3 Global Screw Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.31 Industrial Hardware & Specialties 16.31.1 Industrial Hardware & Specialties Company Profile 16.31.2 Industrial Hardware & Specialties Construction Fasteners Product Specification 16.31.3 Industrial Hardware & Specialties Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.32 Trutek Fasteners 16.32.1 Trutek Fasteners Company Profile 16.32.2 Trutek Fasteners Construction Fasteners Product Specification 16.32.3 Trutek Fasteners Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.33 Etra 16.33.1 Etra Company Profile 16.33.2 Etra Construction Fasteners Product Specification 16.33.3 Etra Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.34 Uni-Protech Industrial 16.34.1 Uni-Protech Industrial Company Profile 16.34.2 Uni-Protech Industrial Construction Fasteners Product Specification 16.34.3 Uni-Protech Industrial Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 16.35 Shenghan 16.35.1 Shenghan Company Profile 16.35.2 Shenghan Construction Fasteners Product Specification 16.35.3 Shenghan Construction Fasteners Production Capacity, Revenue, Price and Gross Margin (2016-2021) 17 Construction Fasteners Manufacturing Cost Analysis 17.1 Construction Fasteners Key Raw Materials Analysis 17.1.1 Key Raw Materials 17.2 Proportion of Manufacturing Cost Structure 17.3 Manufacturing Process Analysis of Construction Fasteners 17.4 Construction Fasteners Industrial Chain Analysis 18 Marketing Channel, Distributors and Customers 18.1 Marketing Channel 18.2 Construction Fasteners Distributors List 18.3 Construction Fasteners Customers 19 Market Dynamics 19.1 Market Trends 19.2 Opportunities and Drivers 19.3 Challenges 19.4 Porter's Five Forces Analysis 20 Production and Supply Forecast 20.1 Global Forecasted Production of Construction Fasteners (2022-2027) 20.2 Global Forecasted Revenue of Construction Fasteners (2022-2027) 20.3 Global Forecasted Price of Construction Fasteners (2016-2027) 20.4 Global Forecasted Production of Construction Fasteners by Region (2022-2027) 20.4.1 North America Construction Fasteners Production, Revenue Forecast (2022-2027) 20.4.2 East Asia Construction Fasteners Production, Revenue Forecast (2022-2027) 20.4.3 Europe Construction Fasteners Production, Revenue Forecast (2022-2027) 20.4.4 South Asia Construction Fasteners Production, Revenue Forecast (2022-2027) 20.4.5 Southeast Asia Construction Fasteners Production, Revenue Forecast (2022-2027) 20.4.6 Middle East Construction Fasteners Production, Revenue Forecast (2022-2027) 20.4.7 Africa Construction Fasteners Production, Revenue Forecast (2022-2027) 20.4.8 Oceania Construction Fasteners Production, Revenue Forecast (2022-2027) 20.4.9 South America Construction Fasteners Production, Revenue Forecast (2022-2027) 20.4.10 Rest of the World Construction Fasteners Production, Revenue Forecast (2022-2027) 20.5 Forecast by Type and by Application (2022-2027) 20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2022-2027) 20.5.2 Global Forecasted Consumption of Construction Fasteners by Application (2022-2027) 21 Consumption and Demand Forecast 21.1 North America Forecasted Consumption of Construction Fasteners by Country 21.2 East Asia Market Forecasted Consumption of Construction Fasteners by Country 21.3 Europe Market Forecasted Consumption of Construction Fasteners by Countriy 21.4 South Asia Forecasted Consumption of Construction Fasteners by Country 21.5 Southeast Asia Forecasted Consumption of Construction Fasteners by Country 21.6 Middle East Forecasted Consumption of Construction Fasteners by Country 21.7 Africa Forecasted Consumption of Construction Fasteners by Country 21.8 Oceania Forecasted Consumption of Construction Fasteners by Country 21.9 South America Forecasted Consumption of Construction Fasteners by Country 21.10 Rest of the world Forecasted Consumption of Construction Fasteners by Country 22 Research Findings and Conclusion 23 Methodology and Data Source 23.1 Methodology/Research Approach 23.1.1 Research Programs/Design 23.1.2 Market Size Estimation 23.1.3 Market Breakdown and Data Triangulation 23.2 Data Source 23.2.1 Secondary Sources 23.2.2 Primary Sources 23.3 Disclaimer
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