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Tungsten Carbide Sealing Ring Industry Research Report 2026
Market perspective
The global Tungsten Carbide Sealing Ring 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 Tungsten Carbide Sealing Ring 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 Tungsten Carbide Sealing Ring 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 Tungsten Carbide Sealing Ring 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 Tungsten Carbide Sealing Ring include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Tungsten Carbide Sealing Ring market in revenue (US$ million) and, where applicable, sales volume (units), 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$/units) 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 Tungsten Carbide Sealing Ring.
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.
Tungsten Carbide Sealing Ring Market by Company
Super (India) Spares Private Limited
Konecarbide
Leak-Pack Engineering
Miller Carbide
John Crane
Burgmann
Flowserve
Quality Mechanical Seals
Schunk
3M
Xiamen Betalent Carbide
Shanghai Metal Corporation
Zigong Zhaoqiang Sealing Products Industrial
Ningbo Donglian Mechanical Seal
Zhuzhou Xingzhou Carbide
Chengdu Chuanke Sealing
Shanghai Chong Industrial
Tungsten Carbide Sealing Ring Segment by Type
Tungsten Carbide + Cobalt (Alloy)
Tungsten Carbide + Nickel (Alloy)
Tungsten Carbide + Cobalt + Nickel (Alloy)
Tungsten Carbide + Titanium Carbide + Cobalt (Alloy)
Others
Tungsten Carbide Sealing Ring Segment by Application
Petrochemical Industry
Pharmaceutical Industry
Oil Refinery
Fertilizer Factory
Others
Tungsten Carbide Sealing Ring 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 Tungsten Carbide Sealing Ring 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 Tungsten Carbide Sealing Ring 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 Tungsten Carbide Sealing Ring.
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 Tungsten Carbide Sealing Ring 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 Tungsten Carbide Sealing Ring 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 Tungsten Carbide Sealing Ring 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
- Tungsten Carbide + Cobalt (Alloy)
- Tungsten Carbide + Nickel (Alloy)
- Tungsten Carbide + Cobalt + Nickel (Alloy)
- Tungsten Carbide + Titanium Carbide + Cobalt (Alloy)
- Others
Applications
- Petrochemical Industry
- Pharmaceutical Industry
- Oil Refinery
- Fertilizer Factory
- Others
Companies covered
- Super (India) Spares Private Limited
- Konecarbide
- Leak-Pack Engineering
- Miller Carbide
- John Crane
- Burgmann
- Flowserve
- Quality Mechanical Seals
- Schunk
- 3M
- Xiamen Betalent Carbide
- Shanghai Metal Corporation
- Zigong Zhaoqiang Sealing Products Industrial
- Ningbo Donglian Mechanical Seal
- Zhuzhou Xingzhou Carbide
- Chengdu Chuanke Sealing
- Shanghai Chong Industrial
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 Tungsten Carbide Sealing Ring by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Tungsten Carbide + Cobalt (Alloy)
- 2.2.3 Tungsten Carbide + Nickel (Alloy)
- 2.2.4 Tungsten Carbide + Cobalt + Nickel (Alloy)
- 2.2.5 Tungsten Carbide + Titanium Carbide + Cobalt (Alloy)
- 2.2.6 Others
- 2.3 Tungsten Carbide Sealing Ring by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Petrochemical Industry
- 2.3.3 Pharmaceutical Industry
- 2.3.4 Oil Refinery
- 2.3.5 Fertilizer Factory
- 2.3.6 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Tungsten Carbide Sealing Ring Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Tungsten Carbide Sealing Ring Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Tungsten Carbide Sealing Ring Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Tungsten Carbide Sealing Ring Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Tungsten Carbide Sealing Ring Production by Manufacturers (2021-2026)
- 3.2 Global Tungsten Carbide Sealing Ring Production Value by Manufacturers (2021-2026)
- 3.3 Global Tungsten Carbide Sealing Ring Average Price by Manufacturers (2021-2026)
- 3.4 Global Tungsten Carbide Sealing Ring Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Tungsten Carbide Sealing Ring Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Tungsten Carbide Sealing Ring Manufacturers, Product Type & Application
- 3.7 Global Tungsten Carbide Sealing Ring Manufacturers Established Date
- 3.8 Global Tungsten Carbide Sealing Ring Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Super (India) Spares Private Limited
- 4.1.1 Super (India) Spares Private Limited Tungsten Carbide Sealing Ring Company Information
- 4.1.2 Super (India) Spares Private Limited Tungsten Carbide Sealing Ring Business Overview
- 4.1.3 Super (India) Spares Private Limited Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.1.4 Super (India) Spares Private Limited Product Portfolio
- 4.1.5 Super (India) Spares Private Limited Recent Developments
- 4.2 Konecarbide
- 4.2.1 Konecarbide Tungsten Carbide Sealing Ring Company Information
- 4.2.2 Konecarbide Tungsten Carbide Sealing Ring Business Overview
- 4.2.3 Konecarbide Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.2.4 Konecarbide Product Portfolio
- 4.2.5 Konecarbide Recent Developments
- 4.3 Leak-Pack Engineering
- 4.3.1 Leak-Pack Engineering Tungsten Carbide Sealing Ring Company Information
- 4.3.2 Leak-Pack Engineering Tungsten Carbide Sealing Ring Business Overview
- 4.3.3 Leak-Pack Engineering Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.3.4 Leak-Pack Engineering Product Portfolio
- 4.3.5 Leak-Pack Engineering Recent Developments
- 4.4 Miller Carbide
- 4.4.1 Miller Carbide Tungsten Carbide Sealing Ring Company Information
- 4.4.2 Miller Carbide Tungsten Carbide Sealing Ring Business Overview
- 4.4.3 Miller Carbide Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.4.4 Miller Carbide Product Portfolio
- 4.4.5 Miller Carbide Recent Developments
- 4.5 John Crane
- 4.5.1 John Crane Tungsten Carbide Sealing Ring Company Information
- 4.5.2 John Crane Tungsten Carbide Sealing Ring Business Overview
- 4.5.3 John Crane Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.5.4 John Crane Product Portfolio
- 4.5.5 John Crane Recent Developments
- 4.6 Burgmann
- 4.6.1 Burgmann Tungsten Carbide Sealing Ring Company Information
- 4.6.2 Burgmann Tungsten Carbide Sealing Ring Business Overview
- 4.6.3 Burgmann Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.6.4 Burgmann Product Portfolio
- 4.6.5 Burgmann Recent Developments
- 4.7 Flowserve
- 4.7.1 Flowserve Tungsten Carbide Sealing Ring Company Information
- 4.7.2 Flowserve Tungsten Carbide Sealing Ring Business Overview
- 4.7.3 Flowserve Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.7.4 Flowserve Product Portfolio
- 4.7.5 Flowserve Recent Developments
- 4.8 Quality Mechanical Seals
- 4.8.1 Quality Mechanical Seals Tungsten Carbide Sealing Ring Company Information
- 4.8.2 Quality Mechanical Seals Tungsten Carbide Sealing Ring Business Overview
- 4.8.3 Quality Mechanical Seals Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.8.4 Quality Mechanical Seals Product Portfolio
- 4.8.5 Quality Mechanical Seals Recent Developments
- 4.9 Schunk
- 4.9.1 Schunk Tungsten Carbide Sealing Ring Company Information
- 4.9.2 Schunk Tungsten Carbide Sealing Ring Business Overview
- 4.9.3 Schunk Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.9.4 Schunk Product Portfolio
- 4.9.5 Schunk Recent Developments
- 4.10 3M
- 4.10.1 3M Tungsten Carbide Sealing Ring Company Information
- 4.10.2 3M Tungsten Carbide Sealing Ring Business Overview
- 4.10.3 3M Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.10.4 3M Product Portfolio
- 4.10.5 3M Recent Developments
- 4.11 Xiamen Betalent Carbide
- 4.11.1 Xiamen Betalent Carbide Tungsten Carbide Sealing Ring Company Information
- 4.11.2 Xiamen Betalent Carbide Tungsten Carbide Sealing Ring Business Overview
- 4.11.3 Xiamen Betalent Carbide Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.11.4 Xiamen Betalent Carbide Product Portfolio
- 4.11.5 Xiamen Betalent Carbide Recent Developments
- 4.12 Shanghai Metal Corporation
- 4.12.1 Shanghai Metal Corporation Tungsten Carbide Sealing Ring Company Information
- 4.12.2 Shanghai Metal Corporation Tungsten Carbide Sealing Ring Business Overview
- 4.12.3 Shanghai Metal Corporation Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.12.4 Shanghai Metal Corporation Product Portfolio
- 4.12.5 Shanghai Metal Corporation Recent Developments
- 4.13 Zigong Zhaoqiang Sealing Products Industrial
- 4.13.1 Zigong Zhaoqiang Sealing Products Industrial Tungsten Carbide Sealing Ring Company Information
- 4.13.2 Zigong Zhaoqiang Sealing Products Industrial Tungsten Carbide Sealing Ring Business Overview
- 4.13.3 Zigong Zhaoqiang Sealing Products Industrial Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.13.4 Zigong Zhaoqiang Sealing Products Industrial Product Portfolio
- 4.13.5 Zigong Zhaoqiang Sealing Products Industrial Recent Developments
- 4.14 Ningbo Donglian Mechanical Seal
- 4.14.1 Ningbo Donglian Mechanical Seal Tungsten Carbide Sealing Ring Company Information
- 4.14.2 Ningbo Donglian Mechanical Seal Tungsten Carbide Sealing Ring Business Overview
- 4.14.3 Ningbo Donglian Mechanical Seal Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.14.4 Ningbo Donglian Mechanical Seal Product Portfolio
- 4.14.5 Ningbo Donglian Mechanical Seal Recent Developments
- 4.15 Zhuzhou Xingzhou Carbide
- 4.15.1 Zhuzhou Xingzhou Carbide Tungsten Carbide Sealing Ring Company Information
- 4.15.2 Zhuzhou Xingzhou Carbide Tungsten Carbide Sealing Ring Business Overview
- 4.15.3 Zhuzhou Xingzhou Carbide Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.15.4 Zhuzhou Xingzhou Carbide Product Portfolio
- 4.15.5 Zhuzhou Xingzhou Carbide Recent Developments
- 4.16 Chengdu Chuanke Sealing
- 4.16.1 Chengdu Chuanke Sealing Tungsten Carbide Sealing Ring Company Information
- 4.16.2 Chengdu Chuanke Sealing Tungsten Carbide Sealing Ring Business Overview
- 4.16.3 Chengdu Chuanke Sealing Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.16.4 Chengdu Chuanke Sealing Product Portfolio
- 4.16.5 Chengdu Chuanke Sealing Recent Developments
- 4.17 Shanghai Chong Industrial
- 4.17.1 Shanghai Chong Industrial Tungsten Carbide Sealing Ring Company Information
- 4.17.2 Shanghai Chong Industrial Tungsten Carbide Sealing Ring Business Overview
- 4.17.3 Shanghai Chong Industrial Tungsten Carbide Sealing Ring Production, Value and Gross Margin (2021-2026)
- 4.17.4 Shanghai Chong Industrial Product Portfolio
- 4.17.5 Shanghai Chong Industrial Recent Developments
5 Global Tungsten Carbide Sealing Ring Production by Region
- 5.1 Global Tungsten Carbide Sealing Ring Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Tungsten Carbide Sealing Ring Production by Region: 2021-2032
- 5.2.1 Global Tungsten Carbide Sealing Ring Production by Region: 2021-2026
- 5.2.2 Global Tungsten Carbide Sealing Ring Production Forecast by Region (2027-2032)
- 5.3 Global Tungsten Carbide Sealing Ring Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Tungsten Carbide Sealing Ring Production Value by Region: 2021-2032
- 5.4.1 Global Tungsten Carbide Sealing Ring Production Value by Region: 2021-2026
- 5.4.2 Global Tungsten Carbide Sealing Ring Production Value Forecast by Region (2027-2032)
- 5.5 Global Tungsten Carbide Sealing Ring Market Price Analysis by Region (2021-2026)
- 5.6 Global Tungsten Carbide Sealing Ring Production and Value, YOY Growth
- 5.6.1 North America Tungsten Carbide Sealing Ring Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Tungsten Carbide Sealing Ring Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Tungsten Carbide Sealing Ring Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Tungsten Carbide Sealing Ring Production Value Estimates and Forecasts (2021-2032)
6 Global Tungsten Carbide Sealing Ring Consumption by Region
- 6.1 Global Tungsten Carbide Sealing Ring Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Tungsten Carbide Sealing Ring Consumption by Region (2021-2032)
- 6.2.1 Global Tungsten Carbide Sealing Ring Consumption by Region: 2021-2026
- 6.2.2 Global Tungsten Carbide Sealing Ring Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Tungsten Carbide Sealing Ring Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Tungsten Carbide Sealing Ring 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 Tungsten Carbide Sealing Ring Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Tungsten Carbide Sealing Ring 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 Tungsten Carbide Sealing Ring Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Tungsten Carbide Sealing Ring 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 Tungsten Carbide Sealing Ring Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Tungsten Carbide Sealing Ring 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 Tungsten Carbide Sealing Ring Production by Type (2021-2032)
- 7.1.1 Global Tungsten Carbide Sealing Ring Production by Type (2021-2032) & (units)
- 7.1.2 Global Tungsten Carbide Sealing Ring Production Market Share by Type (2021-2032)
- 7.2 Global Tungsten Carbide Sealing Ring Production Value by Type (2021-2032)
- 7.2.1 Global Tungsten Carbide Sealing Ring Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Tungsten Carbide Sealing Ring Production Value Market Share by Type (2021-2032)
- 7.3 Global Tungsten Carbide Sealing Ring Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Tungsten Carbide Sealing Ring Production by Application (2021-2032)
- 8.1.1 Global Tungsten Carbide Sealing Ring Production by Application (2021-2032) & (units)
- 8.1.2 Global Tungsten Carbide Sealing Ring Production Market Share by Application (2021-2032)
- 8.2 Global Tungsten Carbide Sealing Ring Production Value by Application (2021-2032)
- 8.2.1 Global Tungsten Carbide Sealing Ring Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Tungsten Carbide Sealing Ring Production Value Market Share by Application (2021-2032)
- 8.3 Global Tungsten Carbide Sealing Ring Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Tungsten Carbide Sealing Ring Value Chain Analysis
- 9.1.1 Tungsten Carbide Sealing Ring Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Tungsten Carbide Sealing Ring Production Mode & Process
- 9.2 Tungsten Carbide Sealing Ring Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Tungsten Carbide Sealing Ring Distributors
- 9.2.3 Tungsten Carbide Sealing Ring Customers
10 Global Tungsten Carbide Sealing Ring Analyzing Market Dynamics
- 10.1 Tungsten Carbide Sealing Ring Industry Trends
- 10.2 Tungsten Carbide Sealing Ring Industry Drivers
- 10.3 Tungsten Carbide Sealing Ring Industry Opportunities and Challenges
- 10.4 Tungsten Carbide Sealing Ring Industry Restraints
11 Report Conclusion
12 Disclaimer
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