Thermoplastic Carbon Fiber Reinforced Plastic Composites Market, Global Outlook and Forecast 2023-2029
Report ID
39950
Publisher
Market Monitor Global
Published Date
03-Nov
Delivery Format
PDF
No of Report Page
74
Editor's Rating
US $3,250.00
US $4,225.00
US $4,875.00
  • Report Details 
    This research report provides a comprehensive analysis of the Thermoplastic Carbon Fiber Reinforced Plastic Composites market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Thermoplastic Carbon Fiber Reinforced Plastic Composites market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Thermoplastic Carbon Fiber Reinforced Plastic Composites, challenges faced by the industry, and potential opportunities for market players.
The global Thermoplastic Carbon Fiber Reinforced Plastic Composites market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The Thermoplastic Carbon Fiber Reinforced Plastic Composites market presents opportunities for various stakeholders, including Aerospace, Car. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in Thermoplastic Carbon Fiber Reinforced Plastic Composites market. Additionally, the growing consumer demand present avenues for market expansion.
The global Thermoplastic Carbon Fiber Reinforced Plastic Composites market was valued at US$ 5436.1 million in 2022 and is projected to reach US$ 8444.7 million by 2029, at a CAGR of 6.6% during the forecast period.
Key Features:
The research report on the Thermoplastic Carbon Fiber Reinforced Plastic Composites market includes several key features to provide comprehensive insights and facilitate decision-making for stakeholders.
Executive Summary: The report provides overview of the key findings, market trends, and major insights of the Thermoplastic Carbon Fiber Reinforced Plastic Composites market.
Market Overview: The report provides a comprehensive overview of the Thermoplastic Carbon Fiber Reinforced Plastic Composites market, including its definition, historical development, and current market size. It covers market segmentation by Type (e.g., Epoxy Resin Type, Phenolic Resin Type), region, and application, highlighting the key drivers, challenges, and opportunities within each segment.
Market Dynamics: The report analyses the market dynamics driving the growth and development of the Thermoplastic Carbon Fiber Reinforced Plastic Composites market. The report includes an assessment of government policies and regulations, technological advancements, consumer trends and preferences, infrastructure development, and industry collaborations. This analysis helps stakeholders understand the factors influencing the Thermoplastic Carbon Fiber Reinforced Plastic Composites market's trajectory.
Competitive Landscape: The report provides an in-depth analysis of the competitive landscape within the Thermoplastic Carbon Fiber Reinforced Plastic Composites market. It includes profiles of major market players, their market share, strategies, product portfolios, and recent developments. 
Market Segmentation and Forecast: The report segment the Thermoplastic Carbon Fiber Reinforced Plastic Composites market based on various parameters, such as by Type, region, and by Application. It provides market size and growth forecasts for each segment, supported by quantitative data and analysis. This helps stakeholders identify growth opportunities and make informed investment decisions.
Technological Trends: The report should highlight the key technological trends shaping the Thermoplastic Carbon Fiber Reinforced Plastic Composites market, such as advancements in Type One technology and emerging substitutes. It analyses the impact of these trends on market growth, adoption rates, and consumer preferences.
Market Challenges and Opportunities: The report identify and analyses the major challenges faced by the Thermoplastic Carbon Fiber Reinforced Plastic Composites market, such as technical bottleneck, cost limitations, and high entry barrier. It also highlights the opportunities for market growth, such as government incentives, emerging markets, and collaborations between stakeholders.
Regulatory and Policy Analysis: The report should assess the regulatory and policy landscape for Thermoplastic Carbon Fiber Reinforced Plastic Composites, including government incentives, emission standards, and infrastructure development plans. It should analyse the impact of these policies on market growth and provide insights into future regulatory developments.
Recommendations and Conclusion: The report conclude with actionable recommendations for stakeholders, such as Application One Consumer, policymakers, investors, and infrastructure providers. These recommendations should be based on the research findings and address key challenges and opportunities within the Thermoplastic Carbon Fiber Reinforced Plastic Composites market.
Supporting Data and Appendices: The report include supporting data, charts, and graphs to substantiate the analysis and findings. It also includes appendices with additional detailed information, such as data sources, survey questionnaires, and detailed market forecasts.
Market Segmentation
Thermoplastic Carbon Fiber Reinforced Plastic Composites market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
    Epoxy Resin Type
    Phenolic Resin Type
    Polyimide Type
    Others
Market segment by Application
    Aerospace
    Car
    Architecture
    Wind Power Industry
    Others
Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Major players covered
    Teijin
    Mitsubishi Rayon
    SABIC
    Toray Industries
    SGL Group
    Solvay
    Hexcel
    Formosa Plastics
    A&P Technology
    Hyosung
    Nippon Graphite Fiber
    Quickstep Technologies
    Holding Company Composite (HCC)
Outline of Major Chapters:
Chapter 1: Introduces the definition of Thermoplastic Carbon Fiber Reinforced Plastic Composites, market overview.
Chapter 2: Global Thermoplastic Carbon Fiber Reinforced Plastic Composites market size in revenue and volume.
Chapter 3: Detailed analysis of Thermoplastic Carbon Fiber Reinforced Plastic Composites manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales of Thermoplastic Carbon Fiber Reinforced Plastic Composites 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 of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Thermoplastic Carbon Fiber Reinforced Plastic Composites capacity by region & country.
Chapter 9: 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 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
  • Table Of Content 
    1 Introduction to Research & Analysis Reports
    1.1 Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Overall Market Size
    2.1 Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size: 2022 VS 2029
    2.2 Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue, Prospects & Forecasts: 2018-2029
    2.3 Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales: 2018-2029
3 Company Landscape
    3.1 Top Thermoplastic Carbon Fiber Reinforced Plastic Composites Players in Global Market
    3.2 Top Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Companies Ranked by Revenue
    3.3 Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue by Companies
    3.4 Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales by Companies
    3.5 Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Price by Manufacturer (2018-2023)
    3.6 Top 3 and Top 5 Thermoplastic Carbon Fiber Reinforced Plastic Composites Companies in Global Market, by Revenue in 2022
    3.7 Global Manufacturers Thermoplastic Carbon Fiber Reinforced Plastic Composites Product Type
    3.8 Tier 1, Tier 2 and Tier 3 Thermoplastic Carbon Fiber Reinforced Plastic Composites Players in Global Market
        3.8.1 List of Global Tier 1 Thermoplastic Carbon Fiber Reinforced Plastic Composites Companies
        3.8.2 List of Global Tier 2 and Tier 3 Thermoplastic Carbon Fiber Reinforced Plastic Composites Companies
4 Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size Markets, 2022 & 2029
        4.1.2 Epoxy Resin Type
        4.1.3 Phenolic Resin Type
        4.1.4 Polyimide Type
        4.1.5 Others
    4.2 By Type - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue & Forecasts
        4.2.1 By Type - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue, 2018-2023
        4.2.2 By Type - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue, 2024-2029
        4.2.3 By Type - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue Market Share, 2018-2029
    4.3 By Type - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales & Forecasts
        4.3.1 By Type - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales, 2018-2023
        4.3.2 By Type - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales, 2024-2029
        4.3.3 By Type - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales Market Share, 2018-2029
    4.4 By Type - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2022 & 2029
        5.1.2 Aerospace
        5.1.3 Car
        5.1.4 Architecture
        5.1.5 Wind Power Industry
        5.1.6 Others
    5.2 By Application - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue & Forecasts
        5.2.1 By Application - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue, 2018-2023
        5.2.2 By Application - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue, 2024-2029
        5.2.3 By Application - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue Market Share, 2018-2029
    5.3 By Application - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales & Forecasts
        5.3.1 By Application - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales, 2018-2023
        5.3.2 By Application - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales, 2024-2029
        5.3.3 By Application - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales Market Share, 2018-2029
    5.4 By Application - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
    6.1 By Region - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2022 & 2029
    6.2 By Region - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue & Forecasts
        6.2.1 By Region - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue, 2018-2023
        6.2.2 By Region - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue, 2024-2029
        6.2.3 By Region - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue Market Share, 2018-2029
    6.3 By Region - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales & Forecasts
        6.3.1 By Region - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales, 2018-2023
        6.3.2 By Region - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales, 2024-2029
        6.3.3 By Region - Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales Market Share, 2018-2029
    6.4 North America
        6.4.1 By Country - North America Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue, 2018-2029
        6.4.2 By Country - North America Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales, 2018-2029
        6.4.3 US Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.4.4 Canada Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.4.5 Mexico Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
    6.5 Europe
        6.5.1 By Country - Europe Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue, 2018-2029
        6.5.2 By Country - Europe Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales, 2018-2029
        6.5.3 Germany Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.5.4 France Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.5.5 U.K. Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.5.6 Italy Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.5.7 Russia Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.5.8 Nordic Countries Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.5.9 Benelux Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
    6.6 Asia
        6.6.1 By Region - Asia Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue, 2018-2029
        6.6.2 By Region - Asia Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales, 2018-2029
        6.6.3 China Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.6.4 Japan Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.6.5 South Korea Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.6.6 Southeast Asia Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.6.7 India Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
    6.7 South America
        6.7.1 By Country - South America Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue, 2018-2029
        6.7.2 By Country - South America Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales, 2018-2029
        6.7.3 Brazil Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.7.4 Argentina Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
    6.8 Middle East & Africa
        6.8.1 By Country - Middle East & Africa Thermoplastic Carbon Fiber Reinforced Plastic Composites Revenue, 2018-2029
        6.8.2 By Country - Middle East & Africa Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales, 2018-2029
        6.8.3 Turkey Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.8.4 Israel Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.8.5 Saudi Arabia Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
        6.8.6 UAE Thermoplastic Carbon Fiber Reinforced Plastic Composites Market Size, 2018-2029
7 Manufacturers & Brands Profiles
    7.1 Teijin
        7.1.1 Teijin Company Summary
        7.1.2 Teijin Business Overview
        7.1.3 Teijin Thermoplastic Carbon Fiber Reinforced Plastic Composites Major Product Offerings
        7.1.4 Teijin Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales and Revenue in Global (2018-2023)
        7.1.5 Teijin Key News & Latest Developments
    7.2 Mitsubishi Rayon
        7.2.1 Mitsubishi Rayon Company Summary
        7.2.2 Mitsubishi Rayon Business Overview
        7.2.3 Mitsubishi Rayon Thermoplastic Carbon Fiber Reinforced Plastic Composites Major Product Offerings
        7.2.4 Mitsubishi Rayon Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales and Revenue in Global (2018-2023)
        7.2.5 Mitsubishi Rayon Key News & Latest Developments
    7.3 SABIC
        7.3.1 SABIC Company Summary
        7.3.2 SABIC Business Overview
        7.3.3 SABIC Thermoplastic Carbon Fiber Reinforced Plastic Composites Major Product Offerings
        7.3.4 SABIC Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales and Revenue in Global (2018-2023)
        7.3.5 SABIC Key News & Latest Developments
    7.4 Toray Industries
        7.4.1 Toray Industries Company Summary
        7.4.2 Toray Industries Business Overview
        7.4.3 Toray Industries Thermoplastic Carbon Fiber Reinforced Plastic Composites Major Product Offerings
        7.4.4 Toray Industries Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales and Revenue in Global (2018-2023)
        7.4.5 Toray Industries Key News & Latest Developments
    7.5 SGL Group
        7.5.1 SGL Group Company Summary
        7.5.2 SGL Group Business Overview
        7.5.3 SGL Group Thermoplastic Carbon Fiber Reinforced Plastic Composites Major Product Offerings
        7.5.4 SGL Group Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales and Revenue in Global (2018-2023)
        7.5.5 SGL Group Key News & Latest Developments
    7.6 Solvay
        7.6.1 Solvay Company Summary
        7.6.2 Solvay Business Overview
        7.6.3 Solvay Thermoplastic Carbon Fiber Reinforced Plastic Composites Major Product Offerings
        7.6.4 Solvay Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales and Revenue in Global (2018-2023)
        7.6.5 Solvay Key News & Latest Developments
    7.7 Hexcel
        7.7.1 Hexcel Company Summary
        7.7.2 Hexcel Business Overview
        7.7.3 Hexcel Thermoplastic Carbon Fiber Reinforced Plastic Composites Major Product Offerings
        7.7.4 Hexcel Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales and Revenue in Global (2018-2023)
        7.7.5 Hexcel Key News & Latest Developments
    7.8 Formosa Plastics
        7.8.1 Formosa Plastics Company Summary
        7.8.2 Formosa Plastics Business Overview
        7.8.3 Formosa Plastics Thermoplastic Carbon Fiber Reinforced Plastic Composites Major Product Offerings
        7.8.4 Formosa Plastics Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales and Revenue in Global (2018-2023)
        7.8.5 Formosa Plastics Key News & Latest Developments
    7.9 A&P Technology
        7.9.1 A&P Technology Company Summary
        7.9.2 A&P Technology Business Overview
        7.9.3 A&P Technology Thermoplastic Carbon Fiber Reinforced Plastic Composites Major Product Offerings
        7.9.4 A&P Technology Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales and Revenue in Global (2018-2023)
        7.9.5 A&P Technology Key News & Latest Developments
    7.10 Hyosung
        7.10.1 Hyosung Company Summary
        7.10.2 Hyosung Business Overview
        7.10.3 Hyosung Thermoplastic Carbon Fiber Reinforced Plastic Composites Major Product Offerings
        7.10.4 Hyosung Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales and Revenue in Global (2018-2023)
        7.10.5 Hyosung Key News & Latest Developments
    7.11 Nippon Graphite Fiber
        7.11.1 Nippon Graphite Fiber Company Summary
        7.11.2 Nippon Graphite Fiber Business Overview
        7.11.3 Nippon Graphite Fiber Thermoplastic Carbon Fiber Reinforced Plastic Composites Major Product Offerings
        7.11.4 Nippon Graphite Fiber Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales and Revenue in Global (2018-2023)
        7.11.5 Nippon Graphite Fiber Key News & Latest Developments
    7.12 Quickstep Technologies
        7.12.1 Quickstep Technologies Company Summary
        7.12.2 Quickstep Technologies Business Overview
        7.12.3 Quickstep Technologies Thermoplastic Carbon Fiber Reinforced Plastic Composites Major Product Offerings
        7.12.4 Quickstep Technologies Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales and Revenue in Global (2018-2023)
        7.12.5 Quickstep Technologies Key News & Latest Developments
    7.13 Holding Company Composite (HCC)
        7.13.1 Holding Company Composite (HCC) Company Summary
        7.13.2 Holding Company Composite (HCC) Business Overview
        7.13.3 Holding Company Composite (HCC) Thermoplastic Carbon Fiber Reinforced Plastic Composites Major Product Offerings
        7.13.4 Holding Company Composite (HCC) Thermoplastic Carbon Fiber Reinforced Plastic Composites Sales and Revenue in Global (2018-2023)
        7.13.5 Holding Company Composite (HCC) Key News & Latest Developments
8 Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Production Capacity, Analysis
    8.1 Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Production Capacity, 2018-2029
    8.2 Thermoplastic Carbon Fiber Reinforced Plastic Composites Production Capacity of Key Manufacturers in Global Market
    8.3 Global Thermoplastic Carbon Fiber Reinforced Plastic Composites Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
    9.1 Market Opportunities & Trends
    9.2 Market Drivers
    9.3 Market Restraints
10 Thermoplastic Carbon Fiber Reinforced Plastic Composites Supply Chain Analysis
    10.1 Thermoplastic Carbon Fiber Reinforced Plastic Composites Industry Value Chain
    10.2 Thermoplastic Carbon Fiber Reinforced Plastic Composites Upstream Market
    10.3 Thermoplastic Carbon Fiber Reinforced Plastic Composites Downstream and Clients
    10.4 Marketing Channels Analysis
        10.4.1 Marketing Channels
        10.4.2 Thermoplastic Carbon Fiber Reinforced Plastic Composites Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
    12.1 Note
    12.2 Examples of Clients
    12.3 Disclaimer
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