Fire Stopping Material Global Market Report 2024

Description

“Fire Stopping Material Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on fire stopping material market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for fire stopping material? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The fire stopping material market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Coatings; Mortar; Sealants And Fillers; Sheets And Boards; Spray; Preformed Device; Putty; Cast-In Devices; Other Types
2) By Application: Electrical; Mechanical; Plumbing; Other Applications
3) By End-User: Commercial; Industrial; Residential
Companies Mentioned: Hilti Corporation; 3M Company; Sika AG; Etex Group; Morgan Advanced Materials
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Fire-stopping materials constitute a category of substances designed to enhance a structure's resistance to fire. These materials are employed to fill gaps and joints between walls and floors with fire-resistant substances, serving to mitigate the impact of catastrophic fires. Fire-stopping materials can be broadly classified as either passive or active fire prevention materials.

The primary types of materials utilized in fire-stopping applications include coatings, mortar, sealants and fillers, sheets and boards, spray, preformed devices, putty, cast-in devices, and other variations. Coatings, in this context, refer to layers or films applied to surfaces for decorative or protective purposes. They find application in diverse sectors such as electrical, mechanical, plumbing, and more. The major end-users of these materials encompass the commercial, industrial, and residential industries..

The fire-stopping materials market research report is one of a series of new reports from The Business Research Company that provides fire-stopping materials market statistics, including fire-stopping materials industry global market size, regional shares, competitors with a fire-stopping materials market share, detailed fire-stopping materials market segments, market trends and opportunities, and any further data you may need to thrive in the fire stopping materials industry. This fire-stopping materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fire stopping material market size has grown strongly in recent years. It will grow from $1.52 billion in 2023 to $1.66 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The historical period's growth can be ascribed to stringent building codes and regulations, heightened awareness of fire safety, a surge in construction activities, rigorous requirements in high-risk environments, and mandates from the insurance industry.

The fire stopping material market size is expected to see rapid growth in the next few years. It will grow to $2.47 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The anticipated growth in the forecast period can be credited to the swift expansion of the construction industry, a heightened emphasis on sustainable and environmentally friendly solutions, strict fire safety requirements in critical infrastructure, a growing adoption in retrofitting projects, and the global prioritization of life safety and property protection. Key trends in the forecast period encompass advancements in intumescent technology, formulations with environmental considerations, flexible and sealant solutions, adherence to code compliance and standards, and innovations in fire retardant additives.

The anticipated increase in the number of fire incidents is poised to significantly propel the fire-stopping materials market in the future. Fire incidents represent tragic events that can lead to property loss and severe burn injuries, causing excruciating pain, scarring, deformity, disability, ongoing care needs, and, tragically, even loss of life. Fire-stopping materials play a crucial role in mitigating fire incidents, acting as key protectors by preventing the spread of fire across different compartments within a building. For example, a survey conducted by the National Fire Protection Association (NFPA), a US-based non-profit organization, revealed that in 2021, local fire departments in the US responded to 1.35 million fire incidents, resulting in 3,800 civilian fatalities and 14,700 reported civilian fire injuries. The estimated property damage cost from these fires amounted to $15.9 billion. Consequently, the anticipated increase in fire incidents is expected to drive the future growth of the fire-stopping materials market.

The thriving construction industry is set to fuel the expansion of the fire-stopping materials market in the forthcoming years. The construction sector is a vital economic segment encompassing various activities related to the planning, design, construction, and maintenance of buildings and infrastructure. Fire-stopping materials are designed to hinder the spread of fire, smoke, and toxic gases in concealed areas of a building, thereby slowing down fire accidents and minimizing their impact. For instance, data from the US Census Bureau in November 2023 indicated that construction spending is projected to reach $1,996.5 billion in September 2023, marking a 0.4 percent (1.2 percent) increase from the revised August forecast of $1,988.3 billion. Compared to the projected figure for September 2022, the September 2023 figure is 8.7% (1.8%) higher at $1,836.9 billion. Therefore, the thriving construction industry remains a driving force for the fire-stopping materials market.

Product innovation stands out as a prominent trend gaining traction in the fire-stopping materials market. Leading companies in this sector are actively engaged in the development of innovative products to solidify their market presence. For example, in September 2022, UK-based fire protection product manufacturer Nullifire Ltd. introduced FS719 HP Blue, designed specifically for chlorinated polyvinyl chloride (CPVC) materials. This product features a distinctive blue color for easy visual identification and traceability, offering up to two hours of fire resistance. Notably, it is easily recognizable when used with the FB750 incubator-coated batt and is compatible with the FBCTM System, providing enhanced accessibility for sprinkler and fire protection system installers.

Major players in the fire-stopping materials market are embracing a strategic partnership approach to offer contractor clients the option of purchasing No-Burn intumescent coatings. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. For instance, in September 2021, US-based manufacturing company Huntsman Building Solutions announced a partnership with No-Burn, Inc., a recognized leader in fire safety. This collaboration enables Huntsman Building Solutions to provide a range of No-Burn intumescent coatings to contractor clients in the United States. These coatings, namely No-Burn Plus XD and No-Burn Plus ThB, are suitable for use with spray polyurethane foam insulation and are now available for purchase through Huntsman Building Solutions. The partnership aligns well with Huntsman Building Solutions' comprehensive array of spray foam insulation solutions.

In July 2021, Perimeter Solutions, a US-based firefighting foam manufacturer, acquired Magnum Fire & Safety Systems for an undisclosed amount. The acquisition was strategically aimed at enhancing and expanding the company's capabilities as a global integrator of firefighting foam systems. Magnum Fabrication, Inc., the acquired company, specializes in the manufacturing of firefighting foam equipment and systems in the United States.

Major companies operating in the fire stopping material market report are Hilti Corporation, 3M Company, Sika AG, Etex Group, Morgan Advanced Materials, Knauf Insulation, Compagnie de Saint-Gobain S.A, BASF SE, Abesco Fire Ltd., Fire Seals Direct, Fischerwerke GmbH And Co. KG, Lloyd Insulations, Unique Fire Stop Products Inc., Trelleborg AB, Rockwool International A/S, Specified Technologies Inc., H. B. Fuller Company, RectorSeal LLC, Promat International NV, Ruskin Company, Tremco Incorporated, Almese Rolf Kuhn GmbH, Roxul Inc., Arkema Group, Fosroc International Ltd., Atkore International, GCP Applied Technologies Inc., CPG INTERNATIONAL INC., Fireteknics Ltd., Protexus Fire Systems Ltd.

North America was the largest region in the fire-stopping materials market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global fire-stopping materials market report during the forecast period. The regions covered in the fire stopping material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the fire stopping material market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The fire stopping materials market consists of sales of gypsum-based plaster, intumescent mastics, mineral fibers, and cavity barriers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11733

1. Executive Summary

2. Fire Stopping Material Market Characteristics

3. Fire Stopping Material Market Trends And Strategies

4. Fire Stopping Material Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Fire Stopping Material Market Size and Growth

5.1. Global Fire Stopping Material Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Fire Stopping Material Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Fire Stopping Material Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Fire Stopping Material Market Segmentation

6.1. Global Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Coatings
Mortar
Sealants And Fillers
Sheets And Boards
Spray
Preformed Device
Putty
Cast-In Devices
Other Types
6.2. Global Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Electrical
Mechanical
Plumbing
Other Applications
6.3. Global Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Commercial
Industrial
Residential

7. Fire Stopping Material Market Regional And Country Analysis

7.1. Global Fire Stopping Material Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Fire Stopping Material Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Fire Stopping Material Market

8.1. Asia-Pacific Fire Stopping Material Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Fire Stopping Material Market

9.1. China Fire Stopping Material Market Overview
9.2. China Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Fire Stopping Material Market

10.1. India Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Fire Stopping Material Market

11.1. Japan Fire Stopping Material Market Overview
11.2. Japan Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Fire Stopping Material Market

12.1. Australia Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Fire Stopping Material Market

13.1. Indonesia Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Fire Stopping Material Market

14.1. South Korea Fire Stopping Material Market Overview
14.2. South Korea Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Fire Stopping Material Market

15.1. Western Europe Fire Stopping Material Market Overview
15.2. Western Europe Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Fire Stopping Material Market

16.1. UK Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Fire Stopping Material Market

17.1. Germany Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Fire Stopping Material Market

18.1. France Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Fire Stopping Material Market

19.1. Italy Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Fire Stopping Material Market

20.1. Spain Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Fire Stopping Material Market

21.1. Eastern Europe Fire Stopping Material Market Overview
21.2. Eastern Europe Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Fire Stopping Material Market

22.1. Russia Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Fire Stopping Material Market

23.1. North America Fire Stopping Material Market Overview
23.2. North America Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Fire Stopping Material Market

24.1. USA Fire Stopping Material Market Overview
24.2. USA Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Fire Stopping Material Market

25.1. Canada Fire Stopping Material Market Overview
25.2. Canada Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Fire Stopping Material Market

26.1. South America Fire Stopping Material Market Overview
26.2. South America Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Fire Stopping Material Market

27.1. Brazil Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Fire Stopping Material Market

28.1. Middle East Fire Stopping Material Market Overview
28.2. Middle East Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Fire Stopping Material Market

29.1. Africa Fire Stopping Material Market Overview
29.2. Africa Fire Stopping Material Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Fire Stopping Material Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Fire Stopping Material Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Fire Stopping Material Market Competitive Landscape And Company Profiles

30.1. Fire Stopping Material Market Competitive Landscape
30.2. Fire Stopping Material Market Company Profiles
- 30.2.1. Hilti Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. 3M Company
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Sika AG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Etex Group
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Morgan Advanced Materials
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Fire Stopping Material Market Competitive Benchmarking

32. Global Fire Stopping Material Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Fire Stopping Material Market

34. Fire Stopping Material Market Future Outlook and Potential Analysis

34.1 Fire Stopping Material Market In 2028 - Countries Offering Most New Opportunities
34.2 Fire Stopping Material Market In 2028 - Segments Offering Most New Opportunities
34.3 Fire Stopping Material Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer