APO RESEARCH · REPORT
Pleated Membrane Filtration
Pleated Membrane Filtration or "membranes" are polymer films with specific pore ratings. Membranes retain particles and microorganisms that exceed their pore ratings by acting as a physical barrier and capturing such particles on the surface of the membrane.
Product & engineering
Understand the product.
Pleated Membrane Filtration or "membranes" are polymer films with specific pore ratings. Membranes retain particles and microorganisms that exceed their pore ratings by acting as a physical barrier and capturing such particles on the surface of the membrane.
Selected research
Industry Growth & Trends
Global Pleated Membrane Filtration Industry Growth and Trends Forecast to 2032
Market perspective
Pleated Membrane Filtration or "membranes" are polymer films with specific pore ratings. Membranes retain particles and microorganisms that exceed their pore ratings by acting as a physical barrier and capturing such particles on the surface of the membrane.
The Pleated Membrane Filtration industry concentration is not high; there are many manufacturers in the world, and high-end products mainly from U.S. and Western European.
The key consumption markets locate at Asia-Pacific, Europe and North America. Asia-Pacific takes the market share of 47%. Europe and and North America take the market share of 28% and 23%.
Read the full market overview
Report Scope
This report provides a structured, data-driven view of the global Pleated Membrane Filtration market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Pleated Membrane Filtration market size, estimates, and forecasts are presented in terms of sales volume (K m²) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Pleated Membrane Filtration 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 Pleated Membrane Filtration.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Pleated Membrane Filtration 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.
Pleated Membrane Filtration Market by Company
Merck Millipore
Pall Corporation
Sartorius Group
3M Company
SUEZ (GE)
Sterlitech Corporation
Graver Technologies
Parker Hannifin
Thermo Fisher Scientific
Porvair Filtration Group
Donaldson
BEA Technologies
Critical Process Filtration
EATON
Fujifilm
Global Filter LLC
Wolftechnik
Cobetter
Pureach
SS Filters
Pleated Membrane Filtration Segment by Type
PP Filter
PES Filter
PTFE Filter
Nylon Filter
Others
Pleated Membrane Filtration Segment by Application
Food and Beverages
Pharmaceuticals
Water and Wastewater
Chemical
Others
Pleated Membrane Filtration 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 Pleated Membrane Filtration 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 Pleated Membrane Filtration 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 Pleated Membrane Filtration.
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 Pleated Membrane Filtration manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Pleated Membrane Filtration 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
- PP Filter
- PES Filter
- PTFE Filter
- Nylon Filter
- Others
Applications
- Food and Beverages
- Pharmaceuticals
- Water and Wastewater
- Chemical
- Others
Companies covered
- Merck Millipore
- Pall Corporation
- Sartorius Group
- 3M Company
- SUEZ (GE)
- Sterlitech Corporation
- Graver Technologies
- Parker Hannifin
- Thermo Fisher Scientific
- Porvair Filtration Group
- Donaldson
- BEA Technologies
- Critical Process Filtration
- EATON
- Fujifilm
- Global Filter LLC
- Wolftechnik
- Cobetter
- Pureach
- SS Filters
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Pleated Membrane Filtration Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Pleated Membrane Filtration Sales Estimates and Forecasts (2021-2032)
- 1.3 Pleated Membrane Filtration Market by Type
- 1.3.1 PP Filter
- 1.3.2 PES Filter
- 1.3.3 PTFE Filter
- 1.3.4 Nylon Filter
- 1.3.5 Others
- 1.4 Global Pleated Membrane Filtration Market Size by Type
- 1.4.1 Global Pleated Membrane Filtration Market Size Overview by Type (2021-2032)
- 1.4.2 Global Pleated Membrane Filtration Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Pleated Membrane Filtration Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Pleated Membrane Filtration Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Pleated Membrane Filtration Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Pleated Membrane Filtration Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Pleated Membrane Filtration Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Pleated Membrane Filtration Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Pleated Membrane Filtration Industry Trends
- 2.2 Pleated Membrane Filtration Industry Drivers
- 2.3 Pleated Membrane Filtration Industry Opportunities and Challenges
- 2.4 Pleated Membrane Filtration Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Pleated Membrane Filtration Revenue (2021-2026)
- 3.2 Global Top Players by Pleated Membrane Filtration Sales (2021-2026)
- 3.3 Global Top Players by Pleated Membrane Filtration Price (2021-2026)
- 3.4 Global Pleated Membrane Filtration Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Pleated Membrane Filtration Major Company Production Sites & Headquarters
- 3.6 Global Pleated Membrane Filtration Company, Product Type & Application
- 3.7 Global Pleated Membrane Filtration Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Pleated Membrane Filtration Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Pleated Membrane Filtration Players Market Share by Revenue in 2025
- 3.8.3 2025 Pleated Membrane Filtration Tier 1, Tier 2, and Tier 3
4 Pleated Membrane Filtration Regional Status and Outlook
- 4.1 Global Pleated Membrane Filtration Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Pleated Membrane Filtration Historic Market Size by Region
- 4.2.1 Global Pleated Membrane Filtration Sales in Volume by Region (2021-2026)
- 4.2.2 Global Pleated Membrane Filtration Sales in Value by Region (2021-2026)
- 4.2.3 Global Pleated Membrane Filtration Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Pleated Membrane Filtration Forecasted Market Size by Region
- 4.3.1 Global Pleated Membrane Filtration Sales in Volume by Region (2027-2032)
- 4.3.2 Global Pleated Membrane Filtration Sales in Value by Region (2027-2032)
- 4.3.3 Global Pleated Membrane Filtration Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Pleated Membrane Filtration by Application
- 5.1 Pleated Membrane Filtration Market by Application
- 5.1.1 Food and Beverages
- 5.1.2 Pharmaceuticals
- 5.1.3 Water and Wastewater
- 5.1.4 Chemical
- 5.1.5 Others
- 5.2 Global Pleated Membrane Filtration Market Size by Application
- 5.2.1 Global Pleated Membrane Filtration Market Size Overview by Application (2021-2032)
- 5.2.2 Global Pleated Membrane Filtration Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Pleated Membrane Filtration Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Pleated Membrane Filtration Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Pleated Membrane Filtration Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Pleated Membrane Filtration Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Pleated Membrane Filtration Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Pleated Membrane Filtration Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Merck Millipore
- 6.1.1 Merck Millipore Company Information
- 6.1.2 Merck Millipore Business Overview
- 6.1.3 Merck Millipore Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Merck Millipore Pleated Membrane Filtration Product Portfolio
- 6.1.5 Merck Millipore Recent Developments
- 6.2 Pall Corporation
- 6.2.1 Pall Corporation Company Information
- 6.2.2 Pall Corporation Business Overview
- 6.2.3 Pall Corporation Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Pall Corporation Pleated Membrane Filtration Product Portfolio
- 6.2.5 Pall Corporation Recent Developments
- 6.3 Sartorius Group
- 6.3.1 Sartorius Group Company Information
- 6.3.2 Sartorius Group Business Overview
- 6.3.3 Sartorius Group Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Sartorius Group Pleated Membrane Filtration Product Portfolio
- 6.3.5 Sartorius Group Recent Developments
- 6.4 3M Company
- 6.4.1 3M Company Company Information
- 6.4.2 3M Company Business Overview
- 6.4.3 3M Company Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 3M Company Pleated Membrane Filtration Product Portfolio
- 6.4.5 3M Company Recent Developments
- 6.5 SUEZ (GE)
- 6.5.1 SUEZ (GE) Company Information
- 6.5.2 SUEZ (GE) Business Overview
- 6.5.3 SUEZ (GE) Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 SUEZ (GE) Pleated Membrane Filtration Product Portfolio
- 6.5.5 SUEZ (GE) Recent Developments
- 6.6 Sterlitech Corporation
- 6.6.1 Sterlitech Corporation Company Information
- 6.6.2 Sterlitech Corporation Business Overview
- 6.6.3 Sterlitech Corporation Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Sterlitech Corporation Pleated Membrane Filtration Product Portfolio
- 6.6.5 Sterlitech Corporation Recent Developments
- 6.7 Graver Technologies
- 6.7.1 Graver Technologies Company Information
- 6.7.2 Graver Technologies Business Overview
- 6.7.3 Graver Technologies Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Graver Technologies Pleated Membrane Filtration Product Portfolio
- 6.7.5 Graver Technologies Recent Developments
- 6.8 Parker Hannifin
- 6.8.1 Parker Hannifin Company Information
- 6.8.2 Parker Hannifin Business Overview
- 6.8.3 Parker Hannifin Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Parker Hannifin Pleated Membrane Filtration Product Portfolio
- 6.8.5 Parker Hannifin Recent Developments
- 6.9 Thermo Fisher Scientific
- 6.9.1 Thermo Fisher Scientific Company Information
- 6.9.2 Thermo Fisher Scientific Business Overview
- 6.9.3 Thermo Fisher Scientific Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Thermo Fisher Scientific Pleated Membrane Filtration Product Portfolio
- 6.9.5 Thermo Fisher Scientific Recent Developments
- 6.10 Porvair Filtration Group
- 6.10.1 Porvair Filtration Group Company Information
- 6.10.2 Porvair Filtration Group Business Overview
- 6.10.3 Porvair Filtration Group Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Porvair Filtration Group Pleated Membrane Filtration Product Portfolio
- 6.10.5 Porvair Filtration Group Recent Developments
- 6.11 Donaldson
- 6.11.1 Donaldson Company Information
- 6.11.2 Donaldson Business Overview
- 6.11.3 Donaldson Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Donaldson Pleated Membrane Filtration Product Portfolio
- 6.11.5 Donaldson Recent Developments
- 6.12 BEA Technologies
- 6.12.1 BEA Technologies Company Information
- 6.12.2 BEA Technologies Business Overview
- 6.12.3 BEA Technologies Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 BEA Technologies Pleated Membrane Filtration Product Portfolio
- 6.12.5 BEA Technologies Recent Developments
- 6.13 Critical Process Filtration
- 6.13.1 Critical Process Filtration Company Information
- 6.13.2 Critical Process Filtration Business Overview
- 6.13.3 Critical Process Filtration Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Critical Process Filtration Pleated Membrane Filtration Product Portfolio
- 6.13.5 Critical Process Filtration Recent Developments
- 6.14 EATON
- 6.14.1 EATON Company Information
- 6.14.2 EATON Business Overview
- 6.14.3 EATON Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 EATON Pleated Membrane Filtration Product Portfolio
- 6.14.5 EATON Recent Developments
- 6.15 Fujifilm
- 6.15.1 Fujifilm Company Information
- 6.15.2 Fujifilm Business Overview
- 6.15.3 Fujifilm Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.15.4 Fujifilm Pleated Membrane Filtration Product Portfolio
- 6.15.5 Fujifilm Recent Developments
- 6.16 Global Filter LLC
- 6.16.1 Global Filter LLC Company Information
- 6.16.2 Global Filter LLC Business Overview
- 6.16.3 Global Filter LLC Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.16.4 Global Filter LLC Pleated Membrane Filtration Product Portfolio
- 6.16.5 Global Filter LLC Recent Developments
- 6.17 Wolftechnik
- 6.17.1 Wolftechnik Company Information
- 6.17.2 Wolftechnik Business Overview
- 6.17.3 Wolftechnik Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.17.4 Wolftechnik Pleated Membrane Filtration Product Portfolio
- 6.17.5 Wolftechnik Recent Developments
- 6.18 Cobetter
- 6.18.1 Cobetter Company Information
- 6.18.2 Cobetter Business Overview
- 6.18.3 Cobetter Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.18.4 Cobetter Pleated Membrane Filtration Product Portfolio
- 6.18.5 Cobetter Recent Developments
- 6.19 Pureach
- 6.19.1 Pureach Company Information
- 6.19.2 Pureach Business Overview
- 6.19.3 Pureach Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.19.4 Pureach Pleated Membrane Filtration Product Portfolio
- 6.19.5 Pureach Recent Developments
- 6.20 SS Filters
- 6.20.1 SS Filters Company Information
- 6.20.2 SS Filters Business Overview
- 6.20.3 SS Filters Pleated Membrane Filtration Sales, Revenue and Gross Margin (2021-2026)
- 6.20.4 SS Filters Pleated Membrane Filtration Product Portfolio
- 6.20.5 SS Filters Recent Developments
7 North America by Country
- 7.1 North America Pleated Membrane Filtration Sales by Country
- 7.1.1 North America Pleated Membrane Filtration Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Pleated Membrane Filtration Sales by Country (2021-2026)
- 7.1.3 North America Pleated Membrane Filtration Sales Forecast by Country (2027-2032)
- 7.2 North America Pleated Membrane Filtration Market Size by Country
- 7.2.1 North America Pleated Membrane Filtration Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Pleated Membrane Filtration Market Size by Country (2021-2026)
- 7.2.3 North America Pleated Membrane Filtration Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Pleated Membrane Filtration Sales by Country
- 8.1.1 Europe Pleated Membrane Filtration Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Pleated Membrane Filtration Sales by Country (2021-2026)
- 8.1.3 Europe Pleated Membrane Filtration Sales Forecast by Country (2027-2032)
- 8.2 Europe Pleated Membrane Filtration Market Size by Country
- 8.2.1 Europe Pleated Membrane Filtration Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Pleated Membrane Filtration Market Size by Country (2021-2026)
- 8.2.3 Europe Pleated Membrane Filtration Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Pleated Membrane Filtration Sales by Country
- 9.1.1 Asia-Pacific Pleated Membrane Filtration Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Pleated Membrane Filtration Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Pleated Membrane Filtration Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Pleated Membrane Filtration Market Size by Country
- 9.2.1 Asia-Pacific Pleated Membrane Filtration Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Pleated Membrane Filtration Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Pleated Membrane Filtration Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Pleated Membrane Filtration Sales by Country
- 10.1.1 South America Pleated Membrane Filtration Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Pleated Membrane Filtration Sales by Country (2021-2026)
- 10.1.3 South America Pleated Membrane Filtration Sales Forecast by Country (2027-2032)
- 10.2 South America Pleated Membrane Filtration Market Size by Country
- 10.2.1 South America Pleated Membrane Filtration Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Pleated Membrane Filtration Market Size by Country (2021-2026)
- 10.2.3 South America Pleated Membrane Filtration Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Pleated Membrane Filtration Sales by Country
- 11.1.1 Middle East and Africa Pleated Membrane Filtration Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Pleated Membrane Filtration Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Pleated Membrane Filtration Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Pleated Membrane Filtration Market Size by Country
- 11.2.1 Middle East and Africa Pleated Membrane Filtration Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Pleated Membrane Filtration Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Pleated Membrane Filtration Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Pleated Membrane Filtration Value Chain Analysis
- 12.1.1 Pleated Membrane Filtration 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 Pleated Membrane Filtration Production Mode & Process
- 12.2 Pleated Membrane Filtration Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Pleated Membrane Filtration Distributors
- 12.2.3 Pleated Membrane Filtration 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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