Selected research
Industry Growth & Trends
Global Abrasive Grade White Fused Alumina Industry Growth and Trends Forecast to 2032
Market perspective
The global Abrasive Grade White Fused Alumina market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The North America market for Abrasive Grade White Fused Alumina is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.
The Europe market for Abrasive Grade White Fused Alumina is projected to increase from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Abrasive Grade White Fused Alumina is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of Abrasive Grade White Fused Alumina include CUMI EMD, Imerys, LKAB Minerals, MOTIM Electrocorundum, Niche Fused Alumina, Rusal, USEM, Washington Mills and Luoyang LIRR, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report provides a structured, data-driven view of the global Abrasive Grade White Fused Alumina market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Abrasive Grade White Fused Alumina market size, estimates, and forecasts are presented in terms of sales volume (Tons) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Abrasive Grade White Fused Alumina market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Abrasive Grade White Fused Alumina.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Abrasive Grade White Fused Alumina market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Abrasive Grade White Fused Alumina Market by Company
CUMI EMD
Imerys
LKAB Minerals
MOTIM Electrocorundum
Niche Fused Alumina
Rusal
USEM
Washington Mills
Luoyang LIRR
Qinai New Materials
Henan Ruishi Renewable Resources Group
Shandong Ruishi Abrasive
Jining Carbon Group
Bedrock
Xingyang Jinbo Abrasive
Zhengzhou Yufa Group
Abrasive Grade White Fused Alumina Segment by Type
Micro Sodium Grade
Common Grade
Abrasive Grade White Fused Alumina Segment by Application
Automotive
Metal Fabrication
Machinery
Electronics
Other
Abrasive Grade White Fused Alumina Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Abrasive Grade White Fused Alumina market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Abrasive Grade White Fused Alumina and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Abrasive Grade White Fused Alumina.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: 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 3: Detailed analysis of Abrasive Grade White Fused Alumina manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Abrasive Grade White Fused Alumina in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: 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 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Micro Sodium Grade
- Common Grade
Applications
- Automotive
- Metal Fabrication
- Machinery
- Electronics
- Other
Companies covered
- CUMI EMD
- Imerys
- LKAB Minerals
- MOTIM Electrocorundum
- Niche Fused Alumina
- Rusal
- USEM
- Washington Mills
- Luoyang LIRR
- Qinai New Materials
- Henan Ruishi Renewable Resources Group
- Shandong Ruishi Abrasive
- Jining Carbon Group
- Bedrock
- Xingyang Jinbo Abrasive
- Zhengzhou Yufa Group
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Abrasive Grade White Fused Alumina Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Abrasive Grade White Fused Alumina Sales Estimates and Forecasts (2021-2032)
- 1.3 Abrasive Grade White Fused Alumina Market by Type
- 1.3.1 Micro Sodium Grade
- 1.3.2 Common Grade
- 1.4 Global Abrasive Grade White Fused Alumina Market Size by Type
- 1.4.1 Global Abrasive Grade White Fused Alumina Market Size Overview by Type (2021-2032)
- 1.4.2 Global Abrasive Grade White Fused Alumina Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Abrasive Grade White Fused Alumina Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Abrasive Grade White Fused Alumina Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Abrasive Grade White Fused Alumina Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Abrasive Grade White Fused Alumina Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Abrasive Grade White Fused Alumina Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Abrasive Grade White Fused Alumina Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Abrasive Grade White Fused Alumina Industry Trends
- 2.2 Abrasive Grade White Fused Alumina Industry Drivers
- 2.3 Abrasive Grade White Fused Alumina Industry Opportunities and Challenges
- 2.4 Abrasive Grade White Fused Alumina Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Abrasive Grade White Fused Alumina Revenue (2021-2026)
- 3.2 Global Top Players by Abrasive Grade White Fused Alumina Sales (2021-2026)
- 3.3 Global Top Players by Abrasive Grade White Fused Alumina Price (2021-2026)
- 3.4 Global Abrasive Grade White Fused Alumina Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Abrasive Grade White Fused Alumina Major Company Production Sites & Headquarters
- 3.6 Global Abrasive Grade White Fused Alumina Company, Product Type & Application
- 3.7 Global Abrasive Grade White Fused Alumina Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Abrasive Grade White Fused Alumina Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Abrasive Grade White Fused Alumina Players Market Share by Revenue in 2025
- 3.8.3 2025 Abrasive Grade White Fused Alumina Tier 1, Tier 2, and Tier 3
4 Abrasive Grade White Fused Alumina Regional Status and Outlook
- 4.1 Global Abrasive Grade White Fused Alumina Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Abrasive Grade White Fused Alumina Historic Market Size by Region
- 4.2.1 Global Abrasive Grade White Fused Alumina Sales in Volume by Region (2021-2026)
- 4.2.2 Global Abrasive Grade White Fused Alumina Sales in Value by Region (2021-2026)
- 4.2.3 Global Abrasive Grade White Fused Alumina Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Abrasive Grade White Fused Alumina Forecasted Market Size by Region
- 4.3.1 Global Abrasive Grade White Fused Alumina Sales in Volume by Region (2027-2032)
- 4.3.2 Global Abrasive Grade White Fused Alumina Sales in Value by Region (2027-2032)
- 4.3.3 Global Abrasive Grade White Fused Alumina Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Abrasive Grade White Fused Alumina by Application
- 5.1 Abrasive Grade White Fused Alumina Market by Application
- 5.1.1 Automotive
- 5.1.2 Metal Fabrication
- 5.1.3 Machinery
- 5.1.4 Electronics
- 5.1.5 Other
- 5.2 Global Abrasive Grade White Fused Alumina Market Size by Application
- 5.2.1 Global Abrasive Grade White Fused Alumina Market Size Overview by Application (2021-2032)
- 5.2.2 Global Abrasive Grade White Fused Alumina Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Abrasive Grade White Fused Alumina Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Abrasive Grade White Fused Alumina Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Abrasive Grade White Fused Alumina Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Abrasive Grade White Fused Alumina Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Abrasive Grade White Fused Alumina Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Abrasive Grade White Fused Alumina Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 CUMI EMD
- 6.1.1 CUMI EMD Company Information
- 6.1.2 CUMI EMD Business Overview
- 6.1.3 CUMI EMD Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 CUMI EMD Abrasive Grade White Fused Alumina Product Portfolio
- 6.1.5 CUMI EMD Recent Developments
- 6.2 Imerys
- 6.2.1 Imerys Company Information
- 6.2.2 Imerys Business Overview
- 6.2.3 Imerys Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Imerys Abrasive Grade White Fused Alumina Product Portfolio
- 6.2.5 Imerys Recent Developments
- 6.3 LKAB Minerals
- 6.3.1 LKAB Minerals Company Information
- 6.3.2 LKAB Minerals Business Overview
- 6.3.3 LKAB Minerals Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 LKAB Minerals Abrasive Grade White Fused Alumina Product Portfolio
- 6.3.5 LKAB Minerals Recent Developments
- 6.4 MOTIM Electrocorundum
- 6.4.1 MOTIM Electrocorundum Company Information
- 6.4.2 MOTIM Electrocorundum Business Overview
- 6.4.3 MOTIM Electrocorundum Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 MOTIM Electrocorundum Abrasive Grade White Fused Alumina Product Portfolio
- 6.4.5 MOTIM Electrocorundum Recent Developments
- 6.5 Niche Fused Alumina
- 6.5.1 Niche Fused Alumina Company Information
- 6.5.2 Niche Fused Alumina Business Overview
- 6.5.3 Niche Fused Alumina Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Niche Fused Alumina Abrasive Grade White Fused Alumina Product Portfolio
- 6.5.5 Niche Fused Alumina Recent Developments
- 6.6 Rusal
- 6.6.1 Rusal Company Information
- 6.6.2 Rusal Business Overview
- 6.6.3 Rusal Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Rusal Abrasive Grade White Fused Alumina Product Portfolio
- 6.6.5 Rusal Recent Developments
- 6.7 USEM
- 6.7.1 USEM Company Information
- 6.7.2 USEM Business Overview
- 6.7.3 USEM Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 USEM Abrasive Grade White Fused Alumina Product Portfolio
- 6.7.5 USEM Recent Developments
- 6.8 Washington Mills
- 6.8.1 Washington Mills Company Information
- 6.8.2 Washington Mills Business Overview
- 6.8.3 Washington Mills Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Washington Mills Abrasive Grade White Fused Alumina Product Portfolio
- 6.8.5 Washington Mills Recent Developments
- 6.9 Luoyang LIRR
- 6.9.1 Luoyang LIRR Company Information
- 6.9.2 Luoyang LIRR Business Overview
- 6.9.3 Luoyang LIRR Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Luoyang LIRR Abrasive Grade White Fused Alumina Product Portfolio
- 6.9.5 Luoyang LIRR Recent Developments
- 6.10 Qinai New Materials
- 6.10.1 Qinai New Materials Company Information
- 6.10.2 Qinai New Materials Business Overview
- 6.10.3 Qinai New Materials Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Qinai New Materials Abrasive Grade White Fused Alumina Product Portfolio
- 6.10.5 Qinai New Materials Recent Developments
- 6.11 Henan Ruishi Renewable Resources Group
- 6.11.1 Henan Ruishi Renewable Resources Group Company Information
- 6.11.2 Henan Ruishi Renewable Resources Group Business Overview
- 6.11.3 Henan Ruishi Renewable Resources Group Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Henan Ruishi Renewable Resources Group Abrasive Grade White Fused Alumina Product Portfolio
- 6.11.5 Henan Ruishi Renewable Resources Group Recent Developments
- 6.12 Shandong Ruishi Abrasive
- 6.12.1 Shandong Ruishi Abrasive Company Information
- 6.12.2 Shandong Ruishi Abrasive Business Overview
- 6.12.3 Shandong Ruishi Abrasive Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Shandong Ruishi Abrasive Abrasive Grade White Fused Alumina Product Portfolio
- 6.12.5 Shandong Ruishi Abrasive Recent Developments
- 6.13 Jining Carbon Group
- 6.13.1 Jining Carbon Group Company Information
- 6.13.2 Jining Carbon Group Business Overview
- 6.13.3 Jining Carbon Group Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Jining Carbon Group Abrasive Grade White Fused Alumina Product Portfolio
- 6.13.5 Jining Carbon Group Recent Developments
- 6.14 Bedrock
- 6.14.1 Bedrock Company Information
- 6.14.2 Bedrock Business Overview
- 6.14.3 Bedrock Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 Bedrock Abrasive Grade White Fused Alumina Product Portfolio
- 6.14.5 Bedrock Recent Developments
- 6.15 Xingyang Jinbo Abrasive
- 6.15.1 Xingyang Jinbo Abrasive Company Information
- 6.15.2 Xingyang Jinbo Abrasive Business Overview
- 6.15.3 Xingyang Jinbo Abrasive Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.15.4 Xingyang Jinbo Abrasive Abrasive Grade White Fused Alumina Product Portfolio
- 6.15.5 Xingyang Jinbo Abrasive Recent Developments
- 6.16 Zhengzhou Yufa Group
- 6.16.1 Zhengzhou Yufa Group Company Information
- 6.16.2 Zhengzhou Yufa Group Business Overview
- 6.16.3 Zhengzhou Yufa Group Abrasive Grade White Fused Alumina Sales, Revenue and Gross Margin (2021-2026)
- 6.16.4 Zhengzhou Yufa Group Abrasive Grade White Fused Alumina Product Portfolio
- 6.16.5 Zhengzhou Yufa Group Recent Developments
7 North America by Country
- 7.1 North America Abrasive Grade White Fused Alumina Sales by Country
- 7.1.1 North America Abrasive Grade White Fused Alumina Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Abrasive Grade White Fused Alumina Sales by Country (2021-2026)
- 7.1.3 North America Abrasive Grade White Fused Alumina Sales Forecast by Country (2027-2032)
- 7.2 North America Abrasive Grade White Fused Alumina Market Size by Country
- 7.2.1 North America Abrasive Grade White Fused Alumina Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Abrasive Grade White Fused Alumina Market Size by Country (2021-2026)
- 7.2.3 North America Abrasive Grade White Fused Alumina Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Abrasive Grade White Fused Alumina Sales by Country
- 8.1.1 Europe Abrasive Grade White Fused Alumina Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Abrasive Grade White Fused Alumina Sales by Country (2021-2026)
- 8.1.3 Europe Abrasive Grade White Fused Alumina Sales Forecast by Country (2027-2032)
- 8.2 Europe Abrasive Grade White Fused Alumina Market Size by Country
- 8.2.1 Europe Abrasive Grade White Fused Alumina Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Abrasive Grade White Fused Alumina Market Size by Country (2021-2026)
- 8.2.3 Europe Abrasive Grade White Fused Alumina Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Abrasive Grade White Fused Alumina Sales by Country
- 9.1.1 Asia-Pacific Abrasive Grade White Fused Alumina Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Abrasive Grade White Fused Alumina Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Abrasive Grade White Fused Alumina Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Abrasive Grade White Fused Alumina Market Size by Country
- 9.2.1 Asia-Pacific Abrasive Grade White Fused Alumina Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Abrasive Grade White Fused Alumina Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Abrasive Grade White Fused Alumina Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Abrasive Grade White Fused Alumina Sales by Country
- 10.1.1 South America Abrasive Grade White Fused Alumina Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Abrasive Grade White Fused Alumina Sales by Country (2021-2026)
- 10.1.3 South America Abrasive Grade White Fused Alumina Sales Forecast by Country (2027-2032)
- 10.2 South America Abrasive Grade White Fused Alumina Market Size by Country
- 10.2.1 South America Abrasive Grade White Fused Alumina Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Abrasive Grade White Fused Alumina Market Size by Country (2021-2026)
- 10.2.3 South America Abrasive Grade White Fused Alumina Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Abrasive Grade White Fused Alumina Sales by Country
- 11.1.1 Middle East and Africa Abrasive Grade White Fused Alumina Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Abrasive Grade White Fused Alumina Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Abrasive Grade White Fused Alumina Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Abrasive Grade White Fused Alumina Market Size by Country
- 11.2.1 Middle East and Africa Abrasive Grade White Fused Alumina Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Abrasive Grade White Fused Alumina Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Abrasive Grade White Fused Alumina Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Abrasive Grade White Fused Alumina Value Chain Analysis
- 12.1.1 Abrasive Grade White Fused Alumina Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Abrasive Grade White Fused Alumina Production Mode & Process
- 12.2 Abrasive Grade White Fused Alumina Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Abrasive Grade White Fused Alumina Distributors
- 12.2.3 Abrasive Grade White Fused Alumina Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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