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Global Architectural Waterborne Epoxy Resins Market Research Report 2025
Synopsis
Waterborne Epoxy Resins is a twin-pack water-based epoxy coating suitable for all applications where concrete or masonry requires protection or waterproofing.
Global Architectural Waterborne Epoxy Resins market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Architectural Waterborne Epoxy Resins market research.
Key manufacturers engaged in the Architectural Waterborne Epoxy Resins industry include Huntsman, Hexion, Olin Corporation, Kukdo, Mitsubishi Chemical, Allnex, ADEKA Corporation, Aditya Birla Chemicals and Evonik Industries, etc. Among those manufacturers, the top 3 players guaranteed % supply worldwide in 2022.
For production bases, global Architectural Waterborne Epoxy Resins production is dominated by and . The two regions contributed to % production share globally in 2022.
When refers to consumption region, % volume of Architectural Waterborne Epoxy Resins were sold to North America, Europe and Asia Pacific in 2022. Moreover, China, plays a key role in the whole Architectural Waterborne Epoxy Resins market and estimated to attract more attentions from industry insiders and investors.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Architectural Waterborne Epoxy Resins market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Huntsman
Hexion
Olin Corporation
Kukdo
Mitsubishi Chemical
Allnex
ADEKA Corporation
Aditya Birla Chemicals
Evonik Industries
Reichhold
Cardolite
DIC Corporation
Helios
Nan Ya Plastics Corporation
Kumho P&B Chemicals
CIECH Żywice
Conren
Sanmuchem
Yyhuaxing
Zjab
Baling Petrochemical Corporation
Segment by Type
High Molecular Weight
Low Molecular Weight
Segment by Application
Coating
Composite Material
Adhesive
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Architectural Waterborne Epoxy Resins report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Waterborne Epoxy Resins is a twin-pack water-based epoxy coating suitable for all applications where concrete or masonry requires protection or waterproofing.
Global Architectural Waterborne Epoxy Resins market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Architectural Waterborne Epoxy Resins market research.
Key manufacturers engaged in the Architectural Waterborne Epoxy Resins industry include Huntsman, Hexion, Olin Corporation, Kukdo, Mitsubishi Chemical, Allnex, ADEKA Corporation, Aditya Birla Chemicals and Evonik Industries, etc. Among those manufacturers, the top 3 players guaranteed % supply worldwide in 2022.
For production bases, global Architectural Waterborne Epoxy Resins production is dominated by and . The two regions contributed to % production share globally in 2022.
When refers to consumption region, % volume of Architectural Waterborne Epoxy Resins were sold to North America, Europe and Asia Pacific in 2022. Moreover, China, plays a key role in the whole Architectural Waterborne Epoxy Resins market and estimated to attract more attentions from industry insiders and investors.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Architectural Waterborne Epoxy Resins market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Huntsman
Hexion
Olin Corporation
Kukdo
Mitsubishi Chemical
Allnex
ADEKA Corporation
Aditya Birla Chemicals
Evonik Industries
Reichhold
Cardolite
DIC Corporation
Helios
Nan Ya Plastics Corporation
Kumho P&B Chemicals
CIECH Żywice
Conren
Sanmuchem
Yyhuaxing
Zjab
Baling Petrochemical Corporation
Segment by Type
High Molecular Weight
Low Molecular Weight
Segment by Application
Coating
Composite Material
Adhesive
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Architectural Waterborne Epoxy Resins report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Index1 Architectural Waterborne Epoxy Resins Market Overview
1.1 Product Definition
1.2 Architectural Waterborne Epoxy Resins Segment by Type
1.2.1 Global Architectural Waterborne Epoxy Resins Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 High Molecular Weight
1.2.3 Low Molecular Weight
1.3 Architectural Waterborne Epoxy Resins Segment by Application
1.3.1 Global Architectural Waterborne Epoxy Resins Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Coating
1.3.3 Composite Material
1.3.4 Adhesive
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Architectural Waterborne Epoxy Resins Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Architectural Waterborne Epoxy Resins Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Architectural Waterborne Epoxy Resins Production Estimates and Forecasts (2018-2029)
1.4.4 Global Architectural Waterborne Epoxy Resins Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Architectural Waterborne Epoxy Resins Production Market Share by Manufacturers (2018-2023)
2.2 Global Architectural Waterborne Epoxy Resins Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Architectural Waterborne Epoxy Resins, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Architectural Waterborne Epoxy Resins Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Architectural Waterborne Epoxy Resins Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Architectural Waterborne Epoxy Resins, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Architectural Waterborne Epoxy Resins, Product Offered and Application
2.8 Global Key Manufacturers of Architectural Waterborne Epoxy Resins, Date of Enter into This Industry
2.9 Architectural Waterborne Epoxy Resins Market Competitive Situation and Trends
2.9.1 Architectural Waterborne Epoxy Resins Market Concentration Rate
2.9.2 Global 5 and 10 Largest Architectural Waterborne Epoxy Resins Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Architectural Waterborne Epoxy Resins Production by Region
3.1 Global Architectural Waterborne Epoxy Resins Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Architectural Waterborne Epoxy Resins Production Value by Region (2018-2029)
3.2.1 Global Architectural Waterborne Epoxy Resins Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Architectural Waterborne Epoxy Resins by Region (2024-2029)
3.3 Global Architectural Waterborne Epoxy Resins Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Architectural Waterborne Epoxy Resins Production by Region (2018-2029)
3.4.1 Global Architectural Waterborne Epoxy Resins Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Architectural Waterborne Epoxy Resins by Region (2024-2029)
3.5 Global Architectural Waterborne Epoxy Resins Market Price Analysis by Region (2018-2023)
3.6 Global Architectural Waterborne Epoxy Resins Production and Value, Year-over-Year Growth
3.6.1 North America Architectural Waterborne Epoxy Resins Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Architectural Waterborne Epoxy Resins Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Architectural Waterborne Epoxy Resins Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Architectural Waterborne Epoxy Resins Production Value Estimates and Forecasts (2018-2029)
4 Architectural Waterborne Epoxy Resins Consumption by Region
4.1 Global Architectural Waterborne Epoxy Resins Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Architectural Waterborne Epoxy Resins Consumption by Region (2018-2029)
4.2.1 Global Architectural Waterborne Epoxy Resins Consumption by Region (2018-2023)
4.2.2 Global Architectural Waterborne Epoxy Resins Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Architectural Waterborne Epoxy Resins Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Architectural Waterborne Epoxy Resins Consumption by Country (2018-2029)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Architectural Waterborne Epoxy Resins Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Architectural Waterborne Epoxy Resins Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Architectural Waterborne Epoxy Resins Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Architectural Waterborne Epoxy Resins Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Architectural Waterborne Epoxy Resins Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Architectural Waterborne Epoxy Resins Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Architectural Waterborne Epoxy Resins Production by Type (2018-2029)
5.1.1 Global Architectural Waterborne Epoxy Resins Production by Type (2018-2023)
5.1.2 Global Architectural Waterborne Epoxy Resins Production by Type (2024-2029)
5.1.3 Global Architectural Waterborne Epoxy Resins Production Market Share by Type (2018-2029)
5.2 Global Architectural Waterborne Epoxy Resins Production Value by Type (2018-2029)
5.2.1 Global Architectural Waterborne Epoxy Resins Production Value by Type (2018-2023)
5.2.2 Global Architectural Waterborne Epoxy Resins Production Value by Type (2024-2029)
5.2.3 Global Architectural Waterborne Epoxy Resins Production Value Market Share by Type (2018-2029)
5.3 Global Architectural Waterborne Epoxy Resins Price by Type (2018-2029)
6 Segment by Application
6.1 Global Architectural Waterborne Epoxy Resins Production by Application (2018-2029)
6.1.1 Global Architectural Waterborne Epoxy Resins Production by Application (2018-2023)
6.1.2 Global Architectural Waterborne Epoxy Resins Production by Application (2024-2029)
6.1.3 Global Architectural Waterborne Epoxy Resins Production Market Share by Application (2018-2029)
6.2 Global Architectural Waterborne Epoxy Resins Production Value by Application (2018-2029)
6.2.1 Global Architectural Waterborne Epoxy Resins Production Value by Application (2018-2023)
6.2.2 Global Architectural Waterborne Epoxy Resins Production Value by Application (2024-2029)
6.2.3 Global Architectural Waterborne Epoxy Resins Production Value Market Share by Application (2018-2029)
6.3 Global Architectural Waterborne Epoxy Resins Price by Application (2018-2029)
7 Key Companies Profiled
7.1 Huntsman
7.1.1 Huntsman Architectural Waterborne Epoxy Resins Corporation Information
7.1.2 Huntsman Architectural Waterborne Epoxy Resins Product Portfolio
7.1.3 Huntsman Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Huntsman Main Business and Markets Served
7.1.5 Huntsman Recent Developments/Updates
7.2 Hexion
7.2.1 Hexion Architectural Waterborne Epoxy Resins Corporation Information
7.2.2 Hexion Architectural Waterborne Epoxy Resins Product Portfolio
7.2.3 Hexion Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Hexion Main Business and Markets Served
7.2.5 Hexion Recent Developments/Updates
7.3 Olin Corporation
7.3.1 Olin Corporation Architectural Waterborne Epoxy Resins Corporation Information
7.3.2 Olin Corporation Architectural Waterborne Epoxy Resins Product Portfolio
7.3.3 Olin Corporation Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.3.4 Olin Corporation Main Business and Markets Served
7.3.5 Olin Corporation Recent Developments/Updates
7.4 Kukdo
7.4.1 Kukdo Architectural Waterborne Epoxy Resins Corporation Information
7.4.2 Kukdo Architectural Waterborne Epoxy Resins Product Portfolio
7.4.3 Kukdo Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Kukdo Main Business and Markets Served
7.4.5 Kukdo Recent Developments/Updates
7.5 Mitsubishi Chemical
7.5.1 Mitsubishi Chemical Architectural Waterborne Epoxy Resins Corporation Information
7.5.2 Mitsubishi Chemical Architectural Waterborne Epoxy Resins Product Portfolio
7.5.3 Mitsubishi Chemical Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.5.4 Mitsubishi Chemical Main Business and Markets Served
7.5.5 Mitsubishi Chemical Recent Developments/Updates
7.6 Allnex
7.6.1 Allnex Architectural Waterborne Epoxy Resins Corporation Information
7.6.2 Allnex Architectural Waterborne Epoxy Resins Product Portfolio
7.6.3 Allnex Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Allnex Main Business and Markets Served
7.6.5 Allnex Recent Developments/Updates
7.7 ADEKA Corporation
7.7.1 ADEKA Corporation Architectural Waterborne Epoxy Resins Corporation Information
7.7.2 ADEKA Corporation Architectural Waterborne Epoxy Resins Product Portfolio
7.7.3 ADEKA Corporation Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.7.4 ADEKA Corporation Main Business and Markets Served
7.7.5 ADEKA Corporation Recent Developments/Updates
7.8 Aditya Birla Chemicals
7.8.1 Aditya Birla Chemicals Architectural Waterborne Epoxy Resins Corporation Information
7.8.2 Aditya Birla Chemicals Architectural Waterborne Epoxy Resins Product Portfolio
7.8.3 Aditya Birla Chemicals Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Aditya Birla Chemicals Main Business and Markets Served
7.7.5 Aditya Birla Chemicals Recent Developments/Updates
7.9 Evonik Industries
7.9.1 Evonik Industries Architectural Waterborne Epoxy Resins Corporation Information
7.9.2 Evonik Industries Architectural Waterborne Epoxy Resins Product Portfolio
7.9.3 Evonik Industries Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Evonik Industries Main Business and Markets Served
7.9.5 Evonik Industries Recent Developments/Updates
7.10 Reichhold
7.10.1 Reichhold Architectural Waterborne Epoxy Resins Corporation Information
7.10.2 Reichhold Architectural Waterborne Epoxy Resins Product Portfolio
7.10.3 Reichhold Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Reichhold Main Business and Markets Served
7.10.5 Reichhold Recent Developments/Updates
7.11 Cardolite
7.11.1 Cardolite Architectural Waterborne Epoxy Resins Corporation Information
7.11.2 Cardolite Architectural Waterborne Epoxy Resins Product Portfolio
7.11.3 Cardolite Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.11.4 Cardolite Main Business and Markets Served
7.11.5 Cardolite Recent Developments/Updates
7.12 DIC Corporation
7.12.1 DIC Corporation Architectural Waterborne Epoxy Resins Corporation Information
7.12.2 DIC Corporation Architectural Waterborne Epoxy Resins Product Portfolio
7.12.3 DIC Corporation Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.12.4 DIC Corporation Main Business and Markets Served
7.12.5 DIC Corporation Recent Developments/Updates
7.13 Helios
7.13.1 Helios Architectural Waterborne Epoxy Resins Corporation Information
7.13.2 Helios Architectural Waterborne Epoxy Resins Product Portfolio
7.13.3 Helios Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.13.4 Helios Main Business and Markets Served
7.13.5 Helios Recent Developments/Updates
7.14 Nan Ya Plastics Corporation
7.14.1 Nan Ya Plastics Corporation Architectural Waterborne Epoxy Resins Corporation Information
7.14.2 Nan Ya Plastics Corporation Architectural Waterborne Epoxy Resins Product Portfolio
7.14.3 Nan Ya Plastics Corporation Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.14.4 Nan Ya Plastics Corporation Main Business and Markets Served
7.14.5 Nan Ya Plastics Corporation Recent Developments/Updates
7.15 Kumho P&B Chemicals
7.15.1 Kumho P&B Chemicals Architectural Waterborne Epoxy Resins Corporation Information
7.15.2 Kumho P&B Chemicals Architectural Waterborne Epoxy Resins Product Portfolio
7.15.3 Kumho P&B Chemicals Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.15.4 Kumho P&B Chemicals Main Business and Markets Served
7.15.5 Kumho P&B Chemicals Recent Developments/Updates
7.16 CIECH Żywice
7.16.1 CIECH Żywice Architectural Waterborne Epoxy Resins Corporation Information
7.16.2 CIECH Żywice Architectural Waterborne Epoxy Resins Product Portfolio
7.16.3 CIECH Żywice Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.16.4 CIECH Żywice Main Business and Markets Served
7.16.5 CIECH Żywice Recent Developments/Updates
7.17 Conren
7.17.1 Conren Architectural Waterborne Epoxy Resins Corporation Information
7.17.2 Conren Architectural Waterborne Epoxy Resins Product Portfolio
7.17.3 Conren Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.17.4 Conren Main Business and Markets Served
7.17.5 Conren Recent Developments/Updates
7.18 Sanmuchem
7.18.1 Sanmuchem Architectural Waterborne Epoxy Resins Corporation Information
7.18.2 Sanmuchem Architectural Waterborne Epoxy Resins Product Portfolio
7.18.3 Sanmuchem Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.18.4 Sanmuchem Main Business and Markets Served
7.18.5 Sanmuchem Recent Developments/Updates
7.19 Yyhuaxing
7.19.1 Yyhuaxing Architectural Waterborne Epoxy Resins Corporation Information
7.19.2 Yyhuaxing Architectural Waterborne Epoxy Resins Product Portfolio
7.19.3 Yyhuaxing Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.19.4 Yyhuaxing Main Business and Markets Served
7.19.5 Yyhuaxing Recent Developments/Updates
7.20 Zjab
7.20.1 Zjab Architectural Waterborne Epoxy Resins Corporation Information
7.20.2 Zjab Architectural Waterborne Epoxy Resins Product Portfolio
7.20.3 Zjab Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.20.4 Zjab Main Business and Markets Served
7.20.5 Zjab Recent Developments/Updates
7.21 Baling Petrochemical Corporation
7.21.1 Baling Petrochemical Corporation Architectural Waterborne Epoxy Resins Corporation Information
7.21.2 Baling Petrochemical Corporation Architectural Waterborne Epoxy Resins Product Portfolio
7.21.3 Baling Petrochemical Corporation Architectural Waterborne Epoxy Resins Production, Value, Price and Gross Margin (2018-2023)
7.21.4 Baling Petrochemical Corporation Main Business and Markets Served
7.21.5 Baling Petrochemical Corporation Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Architectural Waterborne Epoxy Resins Industry Chain Analysis
8.2 Architectural Waterborne Epoxy Resins Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Architectural Waterborne Epoxy Resins Production Mode & Process
8.4 Architectural Waterborne Epoxy Resins Sales and Marketing
8.4.1 Architectural Waterborne Epoxy Resins Sales Channels
8.4.2 Architectural Waterborne Epoxy Resins Distributors
8.5 Architectural Waterborne Epoxy Resins Customers
9 Architectural Waterborne Epoxy Resins Market Dynamics
9.1 Architectural Waterborne Epoxy Resins Industry Trends
9.2 Architectural Waterborne Epoxy Resins Market Drivers
9.3 Architectural Waterborne Epoxy Resins Market Challenges
9.4 Architectural Waterborne Epoxy Resins Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
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