APO RESEARCH · REPORT
Superfine Sluminum Hydroxide
Aluminum hydroxide is also called trihydrate aluminum oxide. The ultra-fine aluminum hydroxide is widely used as an environmentally friendly halogen-free flame retardant for synthetic materials. It can be used in conjunction with various organic flame retardants to produce synergistic effects and improve Flame retardant properties and physical mechanical strength of the material.
Product & engineering
Understand the product.
Aluminum hydroxide is also called trihydrate aluminum oxide. The ultra-fine aluminum hydroxide is widely used as an environmentally friendly halogen-free flame retardant for synthetic materials. It can be used in conjunction with various organic flame retardants to produce synergistic effects and improve Flame retardant properties and physical mechanical strength of the material.
Selected research
Industry Research
Superfine Sluminum Hydroxide Industry Research Report 2026
Market perspective
Aluminum hydroxide is also called trihydrate aluminum oxide. The ultra-fine aluminum hydroxide is widely used as an environmentally friendly halogen-free flame retardant for synthetic materials. It can be used in conjunction with various organic flame retardants to produce synergistic effects and improve Flame retardant properties and physical mechanical strength of the material.
Global Superfine Sluminum Hydroxide key players include Huber, Nabaltec, KC Corp, Showa Denko, etc. Global top four manufacturers hold a share over 20%.
China is the largest market, with a share over 30%, followed by Europe, and North America, both have a share over 50 percent.
Read the full market overview
In terms of product, 1.5-3 μm is the largest segment, with a share about 60%. And in terms of application, the largest application is Flame-retardant Filler and Smoke Suppressants, followed by Filler, Catalyst Carrier, etc.
Report Scope
This report quantifies the global Superfine Sluminum Hydroxide market in revenue (US$ million) and, where applicable, sales volume (M Ton), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/M Ton) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Superfine Sluminum Hydroxide.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Superfine Sluminum Hydroxide Market by Company
Huber
Nabaltec
KC Corp
Showa Denko
MAL Magyar Aluminium
CHINALCO
CHALCO
Lyzccl
Zibo Pengfeng New Material Tec
ZB Jianzhan
Sumitomo
R.J. Marshall
Shandong Seibou Chemical Tec
Nippon Light Metal
Shangdong Linjia New Material
Shandong Zhongshun New Material
Shangdong Taixing New Material
Hubei Zhenghua Chemical
Superfine Sluminum Hydroxide Segment by Type
Below 1 μm
1-1.5 μm
1.5-3 μm
Superfine Sluminum Hydroxide Segment by Application
Flame-retardant Filler and Smoke Suppressants
Filler
Catalyst Carrier
Others
Superfine Sluminum Hydroxide 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 Superfine Sluminum Hydroxide 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 Superfine Sluminum Hydroxide 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 Superfine Sluminum Hydroxide.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Superfine Sluminum Hydroxide manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Superfine Sluminum Hydroxide by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Superfine Sluminum Hydroxide in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Below 1 μm
- 1-1.5 μm
- 1.5-3 μm
Applications
- Flame-retardant Filler and Smoke Suppressants
- Filler
- Catalyst Carrier
- Others
Companies covered
- Huber
- Nabaltec
- KC Corp
- Showa Denko
- MAL Magyar Aluminium
- CHINALCO
- CHALCO
- Lyzccl
- Zibo Pengfeng New Material Tec
- ZB Jianzhan
- Sumitomo
- R.J. Marshall
- Shandong Seibou Chemical Tec
- Nippon Light Metal
- Shangdong Linjia New Material
- Shandong Zhongshun New Material
- Shangdong Taixing New Material
- Hubei Zhenghua Chemical
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Superfine Sluminum Hydroxide by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Below 1 μm
- 2.2.3 1-1.5 μm
- 2.2.4 1.5-3 μm
- 2.3 Superfine Sluminum Hydroxide by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Flame-retardant Filler and Smoke Suppressants
- 2.3.3 Filler
- 2.3.4 Catalyst Carrier
- 2.3.5 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Superfine Sluminum Hydroxide Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Superfine Sluminum Hydroxide Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Superfine Sluminum Hydroxide Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Superfine Sluminum Hydroxide Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Superfine Sluminum Hydroxide Production by Manufacturers (2021-2026)
- 3.2 Global Superfine Sluminum Hydroxide Production Value by Manufacturers (2021-2026)
- 3.3 Global Superfine Sluminum Hydroxide Average Price by Manufacturers (2021-2026)
- 3.4 Global Superfine Sluminum Hydroxide Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Superfine Sluminum Hydroxide Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Superfine Sluminum Hydroxide Manufacturers, Product Type & Application
- 3.7 Global Superfine Sluminum Hydroxide Manufacturers Established Date
- 3.8 Global Superfine Sluminum Hydroxide Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Huber
- 4.1.1 Huber Superfine Sluminum Hydroxide Company Information
- 4.1.2 Huber Superfine Sluminum Hydroxide Business Overview
- 4.1.3 Huber Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.1.4 Huber Product Portfolio
- 4.1.5 Huber Recent Developments
- 4.2 Nabaltec
- 4.2.1 Nabaltec Superfine Sluminum Hydroxide Company Information
- 4.2.2 Nabaltec Superfine Sluminum Hydroxide Business Overview
- 4.2.3 Nabaltec Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.2.4 Nabaltec Product Portfolio
- 4.2.5 Nabaltec Recent Developments
- 4.3 KC Corp
- 4.3.1 KC Corp Superfine Sluminum Hydroxide Company Information
- 4.3.2 KC Corp Superfine Sluminum Hydroxide Business Overview
- 4.3.3 KC Corp Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.3.4 KC Corp Product Portfolio
- 4.3.5 KC Corp Recent Developments
- 4.4 Showa Denko
- 4.4.1 Showa Denko Superfine Sluminum Hydroxide Company Information
- 4.4.2 Showa Denko Superfine Sluminum Hydroxide Business Overview
- 4.4.3 Showa Denko Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.4.4 Showa Denko Product Portfolio
- 4.4.5 Showa Denko Recent Developments
- 4.5 MAL Magyar Aluminium
- 4.5.1 MAL Magyar Aluminium Superfine Sluminum Hydroxide Company Information
- 4.5.2 MAL Magyar Aluminium Superfine Sluminum Hydroxide Business Overview
- 4.5.3 MAL Magyar Aluminium Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.5.4 MAL Magyar Aluminium Product Portfolio
- 4.5.5 MAL Magyar Aluminium Recent Developments
- 4.6 CHINALCO
- 4.6.1 CHINALCO Superfine Sluminum Hydroxide Company Information
- 4.6.2 CHINALCO Superfine Sluminum Hydroxide Business Overview
- 4.6.3 CHINALCO Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.6.4 CHINALCO Product Portfolio
- 4.6.5 CHINALCO Recent Developments
- 4.7 CHALCO
- 4.7.1 CHALCO Superfine Sluminum Hydroxide Company Information
- 4.7.2 CHALCO Superfine Sluminum Hydroxide Business Overview
- 4.7.3 CHALCO Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.7.4 CHALCO Product Portfolio
- 4.7.5 CHALCO Recent Developments
- 4.8 Lyzccl
- 4.8.1 Lyzccl Superfine Sluminum Hydroxide Company Information
- 4.8.2 Lyzccl Superfine Sluminum Hydroxide Business Overview
- 4.8.3 Lyzccl Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.8.4 Lyzccl Product Portfolio
- 4.8.5 Lyzccl Recent Developments
- 4.9 Zibo Pengfeng New Material Tec
- 4.9.1 Zibo Pengfeng New Material Tec Superfine Sluminum Hydroxide Company Information
- 4.9.2 Zibo Pengfeng New Material Tec Superfine Sluminum Hydroxide Business Overview
- 4.9.3 Zibo Pengfeng New Material Tec Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.9.4 Zibo Pengfeng New Material Tec Product Portfolio
- 4.9.5 Zibo Pengfeng New Material Tec Recent Developments
- 4.10 ZB Jianzhan
- 4.10.1 ZB Jianzhan Superfine Sluminum Hydroxide Company Information
- 4.10.2 ZB Jianzhan Superfine Sluminum Hydroxide Business Overview
- 4.10.3 ZB Jianzhan Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.10.4 ZB Jianzhan Product Portfolio
- 4.10.5 ZB Jianzhan Recent Developments
- 4.11 Sumitomo
- 4.11.1 Sumitomo Superfine Sluminum Hydroxide Company Information
- 4.11.2 Sumitomo Superfine Sluminum Hydroxide Business Overview
- 4.11.3 Sumitomo Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.11.4 Sumitomo Product Portfolio
- 4.11.5 Sumitomo Recent Developments
- 4.12 R.J. Marshall
- 4.12.1 R.J. Marshall Superfine Sluminum Hydroxide Company Information
- 4.12.2 R.J. Marshall Superfine Sluminum Hydroxide Business Overview
- 4.12.3 R.J. Marshall Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.12.4 R.J. Marshall Product Portfolio
- 4.12.5 R.J. Marshall Recent Developments
- 4.13 Shandong Seibou Chemical Tec
- 4.13.1 Shandong Seibou Chemical Tec Superfine Sluminum Hydroxide Company Information
- 4.13.2 Shandong Seibou Chemical Tec Superfine Sluminum Hydroxide Business Overview
- 4.13.3 Shandong Seibou Chemical Tec Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.13.4 Shandong Seibou Chemical Tec Product Portfolio
- 4.13.5 Shandong Seibou Chemical Tec Recent Developments
- 4.14 Nippon Light Metal
- 4.14.1 Nippon Light Metal Superfine Sluminum Hydroxide Company Information
- 4.14.2 Nippon Light Metal Superfine Sluminum Hydroxide Business Overview
- 4.14.3 Nippon Light Metal Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.14.4 Nippon Light Metal Product Portfolio
- 4.14.5 Nippon Light Metal Recent Developments
- 4.15 Shangdong Linjia New Material
- 4.15.1 Shangdong Linjia New Material Superfine Sluminum Hydroxide Company Information
- 4.15.2 Shangdong Linjia New Material Superfine Sluminum Hydroxide Business Overview
- 4.15.3 Shangdong Linjia New Material Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.15.4 Shangdong Linjia New Material Product Portfolio
- 4.15.5 Shangdong Linjia New Material Recent Developments
- 4.16 Shandong Zhongshun New Material
- 4.16.1 Shandong Zhongshun New Material Superfine Sluminum Hydroxide Company Information
- 4.16.2 Shandong Zhongshun New Material Superfine Sluminum Hydroxide Business Overview
- 4.16.3 Shandong Zhongshun New Material Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.16.4 Shandong Zhongshun New Material Product Portfolio
- 4.16.5 Shandong Zhongshun New Material Recent Developments
- 4.17 Shangdong Taixing New Material
- 4.17.1 Shangdong Taixing New Material Superfine Sluminum Hydroxide Company Information
- 4.17.2 Shangdong Taixing New Material Superfine Sluminum Hydroxide Business Overview
- 4.17.3 Shangdong Taixing New Material Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.17.4 Shangdong Taixing New Material Product Portfolio
- 4.17.5 Shangdong Taixing New Material Recent Developments
- 4.18 Hubei Zhenghua Chemical
- 4.18.1 Hubei Zhenghua Chemical Superfine Sluminum Hydroxide Company Information
- 4.18.2 Hubei Zhenghua Chemical Superfine Sluminum Hydroxide Business Overview
- 4.18.3 Hubei Zhenghua Chemical Superfine Sluminum Hydroxide Production Capacity, Value and Gross Margin (2021-2026)
- 4.18.4 Hubei Zhenghua Chemical Product Portfolio
- 4.18.5 Hubei Zhenghua Chemical Recent Developments
5 Global Superfine Sluminum Hydroxide Production by Region
- 5.1 Global Superfine Sluminum Hydroxide Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Superfine Sluminum Hydroxide Production by Region: 2021-2032
- 5.2.1 Global Superfine Sluminum Hydroxide Production by Region: 2021-2026
- 5.2.2 Global Superfine Sluminum Hydroxide Production Forecast by Region (2027-2032)
- 5.3 Global Superfine Sluminum Hydroxide Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Superfine Sluminum Hydroxide Production Value by Region: 2021-2032
- 5.4.1 Global Superfine Sluminum Hydroxide Production Value by Region: 2021-2026
- 5.4.2 Global Superfine Sluminum Hydroxide Production Value Forecast by Region (2027-2032)
- 5.5 Global Superfine Sluminum Hydroxide Market Price Analysis by Region (2021-2026)
- 5.6 Global Superfine Sluminum Hydroxide Production and Value, YOY Growth
- 5.6.1 North America Superfine Sluminum Hydroxide Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Superfine Sluminum Hydroxide Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Superfine Sluminum Hydroxide Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Superfine Sluminum Hydroxide Production Value Estimates and Forecasts (2021-2032)
6 Global Superfine Sluminum Hydroxide Consumption by Region
- 6.1 Global Superfine Sluminum Hydroxide Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Superfine Sluminum Hydroxide Consumption by Region (2021-2032)
- 6.2.1 Global Superfine Sluminum Hydroxide Consumption by Region: 2021-2026
- 6.2.2 Global Superfine Sluminum Hydroxide Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Superfine Sluminum Hydroxide Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Superfine Sluminum Hydroxide Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Superfine Sluminum Hydroxide Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Superfine Sluminum Hydroxide Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Superfine Sluminum Hydroxide Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Superfine Sluminum Hydroxide Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Superfine Sluminum Hydroxide Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Superfine Sluminum Hydroxide Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Superfine Sluminum Hydroxide Production by Type (2021-2032)
- 7.1.1 Global Superfine Sluminum Hydroxide Production by Type (2021-2032) & (M Ton)
- 7.1.2 Global Superfine Sluminum Hydroxide Production Market Share by Type (2021-2032)
- 7.2 Global Superfine Sluminum Hydroxide Production Value by Type (2021-2032)
- 7.2.1 Global Superfine Sluminum Hydroxide Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Superfine Sluminum Hydroxide Production Value Market Share by Type (2021-2032)
- 7.3 Global Superfine Sluminum Hydroxide Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Superfine Sluminum Hydroxide Production by Application (2021-2032)
- 8.1.1 Global Superfine Sluminum Hydroxide Production by Application (2021-2032) & (M Ton)
- 8.1.2 Global Superfine Sluminum Hydroxide Production Market Share by Application (2021-2032)
- 8.2 Global Superfine Sluminum Hydroxide Production Value by Application (2021-2032)
- 8.2.1 Global Superfine Sluminum Hydroxide Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Superfine Sluminum Hydroxide Production Value Market Share by Application (2021-2032)
- 8.3 Global Superfine Sluminum Hydroxide Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Superfine Sluminum Hydroxide Value Chain Analysis
- 9.1.1 Superfine Sluminum Hydroxide Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Superfine Sluminum Hydroxide Production Mode & Process
- 9.2 Superfine Sluminum Hydroxide Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Superfine Sluminum Hydroxide Distributors
- 9.2.3 Superfine Sluminum Hydroxide Customers
10 Global Superfine Sluminum Hydroxide Analyzing Market Dynamics
- 10.1 Superfine Sluminum Hydroxide Industry Trends
- 10.2 Superfine Sluminum Hydroxide Industry Drivers
- 10.3 Superfine Sluminum Hydroxide Industry Opportunities and Challenges
- 10.4 Superfine Sluminum Hydroxide Industry Restraints
11 Report Conclusion
12 Disclaimer
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