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Industry Research
Mid Wall Heat Shrink Tubing Industry Research Report 2026
Market perspective
The global Mid Wall Heat Shrink Tubing market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Mid Wall Heat Shrink Tubing is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Mid Wall Heat Shrink Tubing is projected to rise 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 Mid Wall Heat Shrink Tubing is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Mid Wall Heat Shrink Tubing include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Mid Wall Heat Shrink Tubing market in revenue (US$ million) and, where applicable, sales volume (K Meter), 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$/K Meter) 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 Mid Wall Heat Shrink Tubing.
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.
Mid Wall Heat Shrink Tubing Market by Company
3M
DSG
Sumitomo Electric
Huawo Heat Shrinkable Materials
Shanghai Changyuan Electronic Materials
Shenzhen Banghao New Materials
Shenzhen Wall Of Nuclear Material Limited
Suzhou Wolxing Electronic Technology
Shenzhen Xinghongshun Technology
Shenzhen Priman Materials Technology
Shenzhen Hongshang Material Technology
Dongguan Yunlin Applied Materials
Grayline
Hellermann Tyton
Dalian Dimu Electronic Materials
Shenzhen Xinhongtai Electronic Technology
Mid Wall Heat Shrink Tubing Segment by Type
Flame Retardant Type
Non Flame Retardant Type
Mid Wall Heat Shrink Tubing Segment by Application
Automobile
Electronic Communication
Electrical
Others
Mid Wall Heat Shrink Tubing 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 Mid Wall Heat Shrink Tubing 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 Mid Wall Heat Shrink Tubing 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 Mid Wall Heat Shrink Tubing.
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 Mid Wall Heat Shrink Tubing 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 Mid Wall Heat Shrink Tubing 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 Mid Wall Heat Shrink Tubing 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
- Flame Retardant Type
- Non Flame Retardant Type
Applications
- Automobile
- Electronic Communication
- Electrical
- Others
Companies covered
- 3M
- DSG
- Sumitomo Electric
- Huawo Heat Shrinkable Materials
- Shanghai Changyuan Electronic Materials
- Shenzhen Banghao New Materials
- Shenzhen Wall Of Nuclear Material Limited
- Suzhou Wolxing Electronic Technology
- Shenzhen Xinghongshun Technology
- Shenzhen Priman Materials Technology
- Shenzhen Hongshang Material Technology
- Dongguan Yunlin Applied Materials
- Grayline
- Hellermann Tyton
- Dalian Dimu Electronic Materials
- Shenzhen Xinhongtai Electronic Technology
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 Mid Wall Heat Shrink Tubing by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Flame Retardant Type
- 2.2.3 Non Flame Retardant Type
- 2.3 Mid Wall Heat Shrink Tubing by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Automobile
- 2.3.3 Electronic Communication
- 2.3.4 Electrical
- 2.3.5 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Mid Wall Heat Shrink Tubing Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Mid Wall Heat Shrink Tubing Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Mid Wall Heat Shrink Tubing Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Mid Wall Heat Shrink Tubing Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Mid Wall Heat Shrink Tubing Production by Manufacturers (2021-2026)
- 3.2 Global Mid Wall Heat Shrink Tubing Production Value by Manufacturers (2021-2026)
- 3.3 Global Mid Wall Heat Shrink Tubing Average Price by Manufacturers (2021-2026)
- 3.4 Global Mid Wall Heat Shrink Tubing Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Mid Wall Heat Shrink Tubing Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Mid Wall Heat Shrink Tubing Manufacturers, Product Type & Application
- 3.7 Global Mid Wall Heat Shrink Tubing Manufacturers Established Date
- 3.8 Global Mid Wall Heat Shrink Tubing Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 3M
- 4.1.1 3M Mid Wall Heat Shrink Tubing Company Information
- 4.1.2 3M Mid Wall Heat Shrink Tubing Business Overview
- 4.1.3 3M Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.1.4 3M Product Portfolio
- 4.1.5 3M Recent Developments
- 4.2 DSG
- 4.2.1 DSG Mid Wall Heat Shrink Tubing Company Information
- 4.2.2 DSG Mid Wall Heat Shrink Tubing Business Overview
- 4.2.3 DSG Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.2.4 DSG Product Portfolio
- 4.2.5 DSG Recent Developments
- 4.3 Sumitomo Electric
- 4.3.1 Sumitomo Electric Mid Wall Heat Shrink Tubing Company Information
- 4.3.2 Sumitomo Electric Mid Wall Heat Shrink Tubing Business Overview
- 4.3.3 Sumitomo Electric Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.3.4 Sumitomo Electric Product Portfolio
- 4.3.5 Sumitomo Electric Recent Developments
- 4.4 Huawo Heat Shrinkable Materials
- 4.4.1 Huawo Heat Shrinkable Materials Mid Wall Heat Shrink Tubing Company Information
- 4.4.2 Huawo Heat Shrinkable Materials Mid Wall Heat Shrink Tubing Business Overview
- 4.4.3 Huawo Heat Shrinkable Materials Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.4.4 Huawo Heat Shrinkable Materials Product Portfolio
- 4.4.5 Huawo Heat Shrinkable Materials Recent Developments
- 4.5 Shanghai Changyuan Electronic Materials
- 4.5.1 Shanghai Changyuan Electronic Materials Mid Wall Heat Shrink Tubing Company Information
- 4.5.2 Shanghai Changyuan Electronic Materials Mid Wall Heat Shrink Tubing Business Overview
- 4.5.3 Shanghai Changyuan Electronic Materials Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.5.4 Shanghai Changyuan Electronic Materials Product Portfolio
- 4.5.5 Shanghai Changyuan Electronic Materials Recent Developments
- 4.6 Shenzhen Banghao New Materials
- 4.6.1 Shenzhen Banghao New Materials Mid Wall Heat Shrink Tubing Company Information
- 4.6.2 Shenzhen Banghao New Materials Mid Wall Heat Shrink Tubing Business Overview
- 4.6.3 Shenzhen Banghao New Materials Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.6.4 Shenzhen Banghao New Materials Product Portfolio
- 4.6.5 Shenzhen Banghao New Materials Recent Developments
- 4.7 Shenzhen Wall Of Nuclear Material Limited
- 4.7.1 Shenzhen Wall Of Nuclear Material Limited Mid Wall Heat Shrink Tubing Company Information
- 4.7.2 Shenzhen Wall Of Nuclear Material Limited Mid Wall Heat Shrink Tubing Business Overview
- 4.7.3 Shenzhen Wall Of Nuclear Material Limited Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.7.4 Shenzhen Wall Of Nuclear Material Limited Product Portfolio
- 4.7.5 Shenzhen Wall Of Nuclear Material Limited Recent Developments
- 4.8 Suzhou Wolxing Electronic Technology
- 4.8.1 Suzhou Wolxing Electronic Technology Mid Wall Heat Shrink Tubing Company Information
- 4.8.2 Suzhou Wolxing Electronic Technology Mid Wall Heat Shrink Tubing Business Overview
- 4.8.3 Suzhou Wolxing Electronic Technology Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.8.4 Suzhou Wolxing Electronic Technology Product Portfolio
- 4.8.5 Suzhou Wolxing Electronic Technology Recent Developments
- 4.9 Shenzhen Xinghongshun Technology
- 4.9.1 Shenzhen Xinghongshun Technology Mid Wall Heat Shrink Tubing Company Information
- 4.9.2 Shenzhen Xinghongshun Technology Mid Wall Heat Shrink Tubing Business Overview
- 4.9.3 Shenzhen Xinghongshun Technology Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.9.4 Shenzhen Xinghongshun Technology Product Portfolio
- 4.9.5 Shenzhen Xinghongshun Technology Recent Developments
- 4.10 Shenzhen Priman Materials Technology
- 4.10.1 Shenzhen Priman Materials Technology Mid Wall Heat Shrink Tubing Company Information
- 4.10.2 Shenzhen Priman Materials Technology Mid Wall Heat Shrink Tubing Business Overview
- 4.10.3 Shenzhen Priman Materials Technology Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.10.4 Shenzhen Priman Materials Technology Product Portfolio
- 4.10.5 Shenzhen Priman Materials Technology Recent Developments
- 4.11 Shenzhen Hongshang Material Technology
- 4.11.1 Shenzhen Hongshang Material Technology Mid Wall Heat Shrink Tubing Company Information
- 4.11.2 Shenzhen Hongshang Material Technology Mid Wall Heat Shrink Tubing Business Overview
- 4.11.3 Shenzhen Hongshang Material Technology Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.11.4 Shenzhen Hongshang Material Technology Product Portfolio
- 4.11.5 Shenzhen Hongshang Material Technology Recent Developments
- 4.12 Dongguan Yunlin Applied Materials
- 4.12.1 Dongguan Yunlin Applied Materials Mid Wall Heat Shrink Tubing Company Information
- 4.12.2 Dongguan Yunlin Applied Materials Mid Wall Heat Shrink Tubing Business Overview
- 4.12.3 Dongguan Yunlin Applied Materials Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.12.4 Dongguan Yunlin Applied Materials Product Portfolio
- 4.12.5 Dongguan Yunlin Applied Materials Recent Developments
- 4.13 Grayline
- 4.13.1 Grayline Mid Wall Heat Shrink Tubing Company Information
- 4.13.2 Grayline Mid Wall Heat Shrink Tubing Business Overview
- 4.13.3 Grayline Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.13.4 Grayline Product Portfolio
- 4.13.5 Grayline Recent Developments
- 4.14 Hellermann Tyton
- 4.14.1 Hellermann Tyton Mid Wall Heat Shrink Tubing Company Information
- 4.14.2 Hellermann Tyton Mid Wall Heat Shrink Tubing Business Overview
- 4.14.3 Hellermann Tyton Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.14.4 Hellermann Tyton Product Portfolio
- 4.14.5 Hellermann Tyton Recent Developments
- 4.15 Dalian Dimu Electronic Materials
- 4.15.1 Dalian Dimu Electronic Materials Mid Wall Heat Shrink Tubing Company Information
- 4.15.2 Dalian Dimu Electronic Materials Mid Wall Heat Shrink Tubing Business Overview
- 4.15.3 Dalian Dimu Electronic Materials Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.15.4 Dalian Dimu Electronic Materials Product Portfolio
- 4.15.5 Dalian Dimu Electronic Materials Recent Developments
- 4.16 Shenzhen Xinhongtai Electronic Technology
- 4.16.1 Shenzhen Xinhongtai Electronic Technology Mid Wall Heat Shrink Tubing Company Information
- 4.16.2 Shenzhen Xinhongtai Electronic Technology Mid Wall Heat Shrink Tubing Business Overview
- 4.16.3 Shenzhen Xinhongtai Electronic Technology Mid Wall Heat Shrink Tubing Production Capacity, Value and Gross Margin (2021-2026)
- 4.16.4 Shenzhen Xinhongtai Electronic Technology Product Portfolio
- 4.16.5 Shenzhen Xinhongtai Electronic Technology Recent Developments
5 Global Mid Wall Heat Shrink Tubing Production by Region
- 5.1 Global Mid Wall Heat Shrink Tubing Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Mid Wall Heat Shrink Tubing Production by Region: 2021-2032
- 5.2.1 Global Mid Wall Heat Shrink Tubing Production by Region: 2021-2026
- 5.2.2 Global Mid Wall Heat Shrink Tubing Production Forecast by Region (2027-2032)
- 5.3 Global Mid Wall Heat Shrink Tubing Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Mid Wall Heat Shrink Tubing Production Value by Region: 2021-2032
- 5.4.1 Global Mid Wall Heat Shrink Tubing Production Value by Region: 2021-2026
- 5.4.2 Global Mid Wall Heat Shrink Tubing Production Value Forecast by Region (2027-2032)
- 5.5 Global Mid Wall Heat Shrink Tubing Market Price Analysis by Region (2021-2026)
- 5.6 Global Mid Wall Heat Shrink Tubing Production and Value, YOY Growth
- 5.6.1 North America Mid Wall Heat Shrink Tubing Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Mid Wall Heat Shrink Tubing Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Mid Wall Heat Shrink Tubing Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Mid Wall Heat Shrink Tubing Production Value Estimates and Forecasts (2021-2032)
6 Global Mid Wall Heat Shrink Tubing Consumption by Region
- 6.1 Global Mid Wall Heat Shrink Tubing Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Mid Wall Heat Shrink Tubing Consumption by Region (2021-2032)
- 6.2.1 Global Mid Wall Heat Shrink Tubing Consumption by Region: 2021-2026
- 6.2.2 Global Mid Wall Heat Shrink Tubing Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Mid Wall Heat Shrink Tubing Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Mid Wall Heat Shrink Tubing 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 Mid Wall Heat Shrink Tubing Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Mid Wall Heat Shrink Tubing 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 Mid Wall Heat Shrink Tubing Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Mid Wall Heat Shrink Tubing 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 Mid Wall Heat Shrink Tubing Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Mid Wall Heat Shrink Tubing 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 Mid Wall Heat Shrink Tubing Production by Type (2021-2032)
- 7.1.1 Global Mid Wall Heat Shrink Tubing Production by Type (2021-2032) & (K Meter)
- 7.1.2 Global Mid Wall Heat Shrink Tubing Production Market Share by Type (2021-2032)
- 7.2 Global Mid Wall Heat Shrink Tubing Production Value by Type (2021-2032)
- 7.2.1 Global Mid Wall Heat Shrink Tubing Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Mid Wall Heat Shrink Tubing Production Value Market Share by Type (2021-2032)
- 7.3 Global Mid Wall Heat Shrink Tubing Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Mid Wall Heat Shrink Tubing Production by Application (2021-2032)
- 8.1.1 Global Mid Wall Heat Shrink Tubing Production by Application (2021-2032) & (K Meter)
- 8.1.2 Global Mid Wall Heat Shrink Tubing Production Market Share by Application (2021-2032)
- 8.2 Global Mid Wall Heat Shrink Tubing Production Value by Application (2021-2032)
- 8.2.1 Global Mid Wall Heat Shrink Tubing Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Mid Wall Heat Shrink Tubing Production Value Market Share by Application (2021-2032)
- 8.3 Global Mid Wall Heat Shrink Tubing Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Mid Wall Heat Shrink Tubing Value Chain Analysis
- 9.1.1 Mid Wall Heat Shrink Tubing Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Mid Wall Heat Shrink Tubing Production Mode & Process
- 9.2 Mid Wall Heat Shrink Tubing Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Mid Wall Heat Shrink Tubing Distributors
- 9.2.3 Mid Wall Heat Shrink Tubing Customers
10 Global Mid Wall Heat Shrink Tubing Analyzing Market Dynamics
- 10.1 Mid Wall Heat Shrink Tubing Industry Trends
- 10.2 Mid Wall Heat Shrink Tubing Industry Drivers
- 10.3 Mid Wall Heat Shrink Tubing Industry Opportunities and Challenges
- 10.4 Mid Wall Heat Shrink Tubing Industry Restraints
11 Report Conclusion
12 Disclaimer
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