Ethylene Glycol Tert-Butyl Ether(ETB) Market Growing Popularity And Emerging Trends With Key Players - Dow, Sankyo Chemical Co.,LTD, Maruzen Petrochemical Co., Ltd. Till 2029

Los Angeles, (United States) - Ethylene glycol tert-butyl ether (ETB), as a substitute for ethylene glycol butyl ether (BCS), has been used as a paint solvent, high boiling point solvent, such as synthetic resin, spray paint and baking varnish thinner. It is also used as anti-white water and leveling agent. It has the advantages of low odor, non-irritating, low toxicity, and low photochemical reactivity. Good compatibility with water, compatible with most resins and organic solvents, and good hydrophilicity, can be widely used in water-based resins, solvent-based and water-based paints, water-based industrial paints, wood paints, anti-corrosion coatings, paint thinners, inks, Fountain solution, industrial cleaning agent, fiber wetting agent, plasticizer, organic synthesis intermediate, paint remover and many other fields. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global Ethylene Glycol Tert-Butyl Ether(ETB) market. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global Ethylene Glycol Tert-Butyl Ether(ETB) market. We have also focused on SWOT, PESTLE, and Porter's Five Forces analyses of the global Ethylene Glycol Tert-Butyl Ether(ETB) market.

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The report focuses on the major players that are in operation within the market and their competitive landscape present in the market. The report includes an inventory of initiatives taken by the businesses within the past years. The report has mentioned growth parameters in the regional markets along with major players dominating the regional growth such as North America, Europe, China, Japan, Southeast Asia and India.

Ethylene Glycol Tert-Butyl Ether(ETB) Market Report Scope and Research Methodology :

Before delving into the scope of Ethylene Glycol Tert-Butyl Ether(ETB) market reports, it is crucial to comprehend the vastness of the Ethylene Glycol Tert-Butyl Ether(ETB) industry. This sector encompasses an extensive array of products, from basic chemicals like acids, alkalis, and polymers to specialty chemicals used in various industries such as pharmaceuticals, agriculture, and cosmetics. Moreover, materials range from metals, plastics, and ceramics to composites, nanomaterials, and biomaterials. This diversity makes the Ethylene Glycol Tert-Butyl Ether(ETB) industry highly dynamic and adaptable.

A Research Methodology is a comprehensive document that analyzes and presents the current and future trends, opportunities, challenges, and advancements in research methods, tools, and technologies. It encompasses a wide range of topics related to research, including data collection, analysis, interpretation, and reporting. These reports serve as a valuable resource for researchers, businesses, and academic institutions, helping them stay up-to-date with the latest developments in the field.

Ethylene Glycol Tert-Butyl Ether(ETB) Market Segmentation:

Segment by Type
98% Purity
99% Purity
Others

Segment by Application
Solvent
Chemical Reaction Medium
Coatings and Inks
Drug Manufacturing
Others

Competitive Landscape: -

Analyze the competitive dynamics of the Ethylene Glycol Tert-Butyl Ether(ETB) market by identifying key players, their market shares, and strategies. Highlight their strengths and weaknesses, recent developments, partnerships, mergers, and acquisitions.

Dow
Maruzen Petrochemical Co., Ltd.
Hubei Ju Sheng Technology Co., Ltd.
Feiyang Chemical Co Ltd
Sankyo Chemical Co.,LTD.
FORU Chemtech
Hebei Xinxinyuan Energy Co., Ltd.
Shandong Baien New Material Co., Ltd.
Shandong Xuxiang Chemical Co., Ltd.
Jinan Guangyu Chemical Co., Ltd.

Regional Insights

Asia-Pacific: The Asia-Pacific region dominates the Ethylene Glycol Tert-Butyl Ether(ETB) market, driven by rapid industrialization in countries like China and India. The region benefits from low-cost labor, favourable government policies, and rising consumer demand.

North America: The North American Ethylene Glycol Tert-Butyl Ether(ETB) market is characterized by technological advancements, a focus on sustainability, and the presence of key players. The United States leads in chemical production, with a strong emphasis on research and development.

Europe: Europe has a mature Ethylene Glycol Tert-Butyl Ether(ETB) industry, with a focus on eco-friendly and sustainable practices. The region's stringent regulations drive innovation in green chemistry and bio-based materials.

Latin America and Middle East/Africa: These regions offer significant growth opportunities due to expanding industrial sectors, favorable investment policies, and increasing consumer demand.

Ethylene Glycol Tert-Butyl Ether(ETB) Market Drivers and Challenges:

Identify and elaborate on the factors that are propelling Ethylene Glycol Tert-Butyl Ether(ETB) market growth. These could include technological advancements, rising demand from various industries, regulatory changes, and shifting consumer preferences. Discuss the obstacles and challenges hindering the Ethylene Glycol Tert-Butyl Ether(ETB) market's growth potential. This could encompass regulatory hurdles, environmental concerns, economic fluctuations, and supply chain disruptions.

Ethylene Glycol Tert-Butyl Ether(ETB) Market Trends and Opportunities:

Highlight the latest trends shaping the Ethylene Glycol Tert-Butyl Ether(ETB) market. This might encompass sustainable and eco-friendly materials, digitization and automation, and evolving R&D practices. Identify untapped opportunities within the Ethylene Glycol Tert-Butyl Ether(ETB) sector. This could involve niche markets, emerging applications, or gaps in the current product offerings.

Emerging Markets:

Emerging markets, such as Southeast Asia, Eastern Europe, and parts of Africa, offer immense growth opportunities for Ethylene Glycol Tert-Butyl Ether(ETB) companies. These regions are witnessing rapid industrialization, urbanization, and a rising middle class. To tap into these markets successfully, companies must navigate diverse regulatory landscapes and adapt to local preferences and practices.

Importance of a Market Synopsis:

Decision Making: A well-prepared Ethylene Glycol Tert-Butyl Ether(ETB) market synopsis helps businesses, investors, and professionals make informed decisions. It provides a comprehensive understanding of the Ethylene Glycol Tert-Butyl Ether(ETB) market landscape, enabling stakeholders to identify potential risks and opportunities.

Competitive Analysis: By examining the competitive landscape, a Ethylene Glycol Tert-Butyl Ether(ETB) market synopsis allows businesses to benchmark themselves against industry leaders and identify areas for improvement or differentiation. It facilitates strategic planning and Ethylene Glycol Tert-Butyl Ether(ETB) market positioning.

Market Entry: For companies considering entering a new market or launching a new product, a Ethylene Glycol Tert-Butyl Ether(ETB) market synopsis provides valuable insights into market size, customer needs, and competitive factors. It guides businesses in developing effective market entry strategies.

Investment Decisions: Investors rely on Ethylene Glycol Tert-Butyl Ether(ETB) market synopses to evaluate the feasibility and potential returns of investment opportunities. The synopsis helps them assess the market's growth prospects, competitive intensity, and long-term viability.

Knowledge Sharing: Ethylene Glycol Tert-Butyl Ether(ETB) Market synopses serve as valuable resources for industry research, academic studies, and knowledge sharing among professionals. They provide a concise summary of Ethylene Glycol Tert-Butyl Ether(ETB) market dynamics, making complex information accessible to a broader audience.

In summary, a market synopsis is a concise yet comprehensive summary of a Ethylene Glycol Tert-Butyl Ether(ETB) market's current state, trends, and future outlook. It helps stakeholders gain a holistic understanding of the Ethylene Glycol Tert-Butyl Ether(ETB) market, make informed decisions, and capitalize on emerging opportunities.

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Table of Content

1 Ethylene Glycol Tert-Butyl Ether(ETB) Market Overview
1.1 Product Definition
1.2 Ethylene Glycol Tert-Butyl Ether(ETB) Segment by Type
1.2.1 Global Ethylene Glycol Tert-Butyl Ether(ETB) Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 98% Purity
1.2.3 99% Purity
1.2.4 Others
1.3 Ethylene Glycol Tert-Butyl Ether(ETB) Segment by Application
1.3.1 Global Ethylene Glycol Tert-Butyl Ether(ETB) Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Solvent
1.3.3 Chemical Reaction Medium
1.3.4 Coatings and Inks
1.3.5 Drug Manufacturing
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Estimates and Forecasts (2018-2029)
1.4.4 Global Ethylene Glycol Tert-Butyl Ether(ETB) Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations

2 Market Competition by Manufacturers
2.1 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Market Share by Manufacturers (2018-2023)
2.2 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Ethylene Glycol Tert-Butyl Ether(ETB), Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Ethylene Glycol Tert-Butyl Ether(ETB) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Ethylene Glycol Tert-Butyl Ether(ETB) Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Ethylene Glycol Tert-Butyl Ether(ETB), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Ethylene Glycol Tert-Butyl Ether(ETB), Product Offered and Application
2.8 Global Key Manufacturers of Ethylene Glycol Tert-Butyl Ether(ETB), Date of Enter into This Industry
2.9 Ethylene Glycol Tert-Butyl Ether(ETB) Market Competitive Situation and Trends
2.9.1 Ethylene Glycol Tert-Butyl Ether(ETB) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Ethylene Glycol Tert-Butyl Ether(ETB) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion

3 Ethylene Glycol Tert-Butyl Ether(ETB) Production by Region
3.1 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Value by Region (2018-2029)
3.2.1 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Ethylene Glycol Tert-Butyl Ether(ETB) by Region (2024-2029)
3.3 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production by Region (2018-2029)
3.4.1 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Ethylene Glycol Tert-Butyl Ether(ETB) by Region (2024-2029)
3.5 Global Ethylene Glycol Tert-Butyl Ether(ETB) Market Price Analysis by Region (2018-2023)
3.6 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production and Value, Year-over-Year Growth
3.6.1 North America Ethylene Glycol Tert-Butyl Ether(ETB) Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Ethylene Glycol Tert-Butyl Ether(ETB) Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Ethylene Glycol Tert-Butyl Ether(ETB) Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Ethylene Glycol Tert-Butyl Ether(ETB) Production Value Estimates and Forecasts (2018-2029)

4 Ethylene Glycol Tert-Butyl Ether(ETB) Consumption by Region
4.1 Global Ethylene Glycol Tert-Butyl Ether(ETB) Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Ethylene Glycol Tert-Butyl Ether(ETB) Consumption by Region (2018-2029)
4.2.1 Global Ethylene Glycol Tert-Butyl Ether(ETB) Consumption by Region (2018-2023)
4.2.2 Global Ethylene Glycol Tert-Butyl Ether(ETB) Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Ethylene Glycol Tert-Butyl Ether(ETB) Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Ethylene Glycol Tert-Butyl Ether(ETB) Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Ethylene Glycol Tert-Butyl Ether(ETB) Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Ethylene Glycol Tert-Butyl Ether(ETB) 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 Ethylene Glycol Tert-Butyl Ether(ETB) Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Ethylene Glycol Tert-Butyl Ether(ETB) 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 Ethylene Glycol Tert-Butyl Ether(ETB) Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Ethylene Glycol Tert-Butyl Ether(ETB) Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries

5 Segment by Type
5.1 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production by Type (2018-2029)
5.1.1 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production by Type (2018-2023)
5.1.2 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production by Type (2024-2029)
5.1.3 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Market Share by Type (2018-2029)
5.2 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Value by Type (2018-2029)
5.2.1 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Value by Type (2018-2023)
5.2.2 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Value by Type (2024-2029)
5.2.3 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Value Market Share by Type (2018-2029)
5.3 Global Ethylene Glycol Tert-Butyl Ether(ETB) Price by Type (2018-2029)

6 Segment by Application
6.1 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production by Application (2018-2029)
6.1.1 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production by Application (2018-2023)
6.1.2 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production by Application (2024-2029)
6.1.3 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Market Share by Application (2018-2029)
6.2 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Value by Application (2018-2029)
6.2.1 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Value by Application (2018-2023)
6.2.2 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Value by Application (2024-2029)
6.2.3 Global Ethylene Glycol Tert-Butyl Ether(ETB) Production Value Market Share by Application (2018-2029)
6.3 Global Ethylene Glycol Tert-Butyl Ether(ETB) Price by Application (2018-2029)

7 Key Companies Profiled
7.1 Dow
7.1.1 Dow Ethylene Glycol Tert-Butyl Ether(ETB) Corporation Information
7.1.2 Dow Ethylene Glycol Tert-Butyl Ether(ETB) Product Portfolio
7.1.3 Dow Ethylene Glycol Tert-Butyl Ether(ETB) Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Dow Main Business and Markets Served
7.1.5 Dow Recent Developments/Updates
7.2 Maruzen Petrochemical Co., Ltd.
7.2.1 Maruzen Petrochemical Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Corporation Information
7.2.2 Maruzen Petrochemical Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Product Portfolio
7.2.3 Maruzen Petrochemical Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Maruzen Petrochemical Co., Ltd. Main Business and Markets Served
7.2.5 Maruzen Petrochemical Co., Ltd. Recent Developments/Updates
7.3 Hubei Ju Sheng Technology Co., Ltd.
7.3.1 Hubei Ju Sheng Technology Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Corporation Information
7.3.2 Hubei Ju Sheng Technology Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Product Portfolio
7.3.3 Hubei Ju Sheng Technology Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Production, Value, Price and Gross Margin (2018-2023)
7.3.4 Hubei Ju Sheng Technology Co., Ltd. Main Business and Markets Served
7.3.5 Hubei Ju Sheng Technology Co., Ltd. Recent Developments/Updates
7.4 Feiyang Chemical Co Ltd
7.4.1 Feiyang Chemical Co Ltd Ethylene Glycol Tert-Butyl Ether(ETB) Corporation Information
7.4.2 Feiyang Chemical Co Ltd Ethylene Glycol Tert-Butyl Ether(ETB) Product Portfolio
7.4.3 Feiyang Chemical Co Ltd Ethylene Glycol Tert-Butyl Ether(ETB) Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Feiyang Chemical Co Ltd Main Business and Markets Served
7.4.5 Feiyang Chemical Co Ltd Recent Developments/Updates
7.5 Sankyo Chemical Co.,LTD.
7.5.1 Sankyo Chemical Co.,LTD. Ethylene Glycol Tert-Butyl Ether(ETB) Corporation Information
7.5.2 Sankyo Chemical Co.,LTD. Ethylene Glycol Tert-Butyl Ether(ETB) Product Portfolio
7.5.3 Sankyo Chemical Co.,LTD. Ethylene Glycol Tert-Butyl Ether(ETB) Production, Value, Price and Gross Margin (2018-2023)
7.5.4 Sankyo Chemical Co.,LTD. Main Business and Markets Served
7.5.5 Sankyo Chemical Co.,LTD. Recent Developments/Updates
7.6 FORU Chemtech
7.6.1 FORU Chemtech Ethylene Glycol Tert-Butyl Ether(ETB) Corporation Information
7.6.2 FORU Chemtech Ethylene Glycol Tert-Butyl Ether(ETB) Product Portfolio
7.6.3 FORU Chemtech Ethylene Glycol Tert-Butyl Ether(ETB) Production, Value, Price and Gross Margin (2018-2023)
7.6.4 FORU Chemtech Main Business and Markets Served
7.6.5 FORU Chemtech Recent Developments/Updates
7.7 Hebei Xinxinyuan Energy Co., Ltd.
7.7.1 Hebei Xinxinyuan Energy Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Corporation Information
7.7.2 Hebei Xinxinyuan Energy Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Product Portfolio
7.7.3 Hebei Xinxinyuan Energy Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Hebei Xinxinyuan Energy Co., Ltd. Main Business and Markets Served
7.7.5 Hebei Xinxinyuan Energy Co., Ltd. Recent Developments/Updates
7.8 Shandong Baien New Material Co., Ltd.
7.8.1 Shandong Baien New Material Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Corporation Information
7.8.2 Shandong Baien New Material Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Product Portfolio
7.8.3 Shandong Baien New Material Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Shandong Baien New Material Co., Ltd. Main Business and Markets Served
7.7.5 Shandong Baien New Material Co., Ltd. Recent Developments/Updates
7.9 Shandong Xuxiang Chemical Co., Ltd.
7.9.1 Shandong Xuxiang Chemical Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Corporation Information
7.9.2 Shandong Xuxiang Chemical Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Product Portfolio
7.9.3 Shandong Xuxiang Chemical Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Shandong Xuxiang Chemical Co., Ltd. Main Business and Markets Served
7.9.5 Shandong Xuxiang Chemical Co., Ltd. Recent Developments/Updates
7.10 Jinan Guangyu Chemical Co., Ltd.
7.10.1 Jinan Guangyu Chemical Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Corporation Information
7.10.2 Jinan Guangyu Chemical Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Product Portfolio
7.10.3 Jinan Guangyu Chemical Co., Ltd. Ethylene Glycol Tert-Butyl Ether(ETB) Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Jinan Guangyu Chemical Co., Ltd. Main Business and Markets Served
7.10.5 Jinan Guangyu Chemical Co., Ltd. Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis
8.1 Ethylene Glycol Tert-Butyl Ether(ETB) Industry Chain Analysis
8.2 Ethylene Glycol Tert-Butyl Ether(ETB) Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Ethylene Glycol Tert-Butyl Ether(ETB) Production Mode & Process
8.4 Ethylene Glycol Tert-Butyl Ether(ETB) Sales and Marketing
8.4.1 Ethylene Glycol Tert-Butyl Ether(ETB) Sales Channels
8.4.2 Ethylene Glycol Tert-Butyl Ether(ETB) Distributors
8.5 Ethylene Glycol Tert-Butyl Ether(ETB) Customers

9 Ethylene Glycol Tert-Butyl Ether(ETB) Market Dynamics
9.1 Ethylene Glycol Tert-Butyl Ether(ETB) Industry Trends
9.2 Ethylene Glycol Tert-Butyl Ether(ETB) Market Drivers
9.3 Ethylene Glycol Tert-Butyl Ether(ETB) Market Challenges
9.4 Ethylene Glycol Tert-Butyl Ether(ETB) 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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