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Published Date: 2016-11-16Number of Pages: 145

Methyl Isobutyl Ketone Market (Application - Solvent, Rubber Processing Chemicals, Surfactants, and Insecticides; End User - Marine, Building and Construction, Automotive, and Crop Protection) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Global Methyl Isobutyl Ketone Market: Snapshot

Methyl isobutyl ketone (MIBK) is one of the excellent solvents for resins used in various surface coatings. It is also widely used in rubber chemicals for the production of tires, followed by surfactants, and insecticides. MIBK is used as a solvent in industries that produce rubber products, paints, machineries, and chemicals. Rising demand for solvents and rubber processing chemicals, chiefly owing to the flourishing growth of the global automotive industry, is expected to fuel to the overall global demand for MIBK in the next few years.

However, concerns regarding the harsh impact of the material on the environment and human health are leading to an increased aversion for synthetic, petroleum-based MIBK across a vast number of industries. Analysts estimate that synthetic MIBK will gradually be replaced by bio-based MIBK across major applications in the next few years. This factor can emerge as one of the most lucrative growth opportunities for companies in the market in the near future, allowing significant traction to businesses and providing sustainable growth opportunities.

Transparency Market Research estimates that the global methyl isobutyl ketone market, which valued at US$827.4 mn in 2015, will exhibit a CAGR of 7.5% between 2016 and 2024 and reach US$1,572.3 mn by 2024.

methyl isobutyl ketone market

MIBK’s Use as Solvent to Remain Market’s Most Promising Application Segment

MIBK is known to be one of the best solvents for resins used in the production of surface coatings. Moreover, MIBK is also used as a solvent for more than 40 applications across a number of industries. As a result, the use of MIBK as a solvent is one of the most lucrative application segments of the global MIBK market, accounting for over 54% of the overall market in 2015. The segment is expected to retain its dominant stance over the forecast period as well, exhibiting a promising 7.7% CAGR in terms of value over the period between 2016 and 2024.

However, the segment is expected to lose prominence to the rubber chemicals segment in terms of rate of growth over the said period, chiefly owing to the rising demand for rubber across a number of industries and applications. The segment of rubber chemicals is expected to expand at an 8.4% CAGR in terms of value from 2016 through 2024. Owing to this, the share of the segment in the global market is expected to rise from nearly 15% in 2015 to 16.3% by 2024.

Asia Pacific to Continue to Command Prominent Position in Global Market

In terms of geography, Asia Pacific presently leads the global MIBK market. It is followed by North America and Europe. Increasing consumption of MIBK in automotive and crop-protection industries in China, India, and ASEAN countries is expected to drive the demand for MIBK-based applications in Asia Pacific during the forecast period. China is the leading consumer of MIBK in Asia Pacific, especially in the antiozonants application. Production and demand of MIBK is expected to continue to rise in Asia Pacific during forecast period as well, granting the region a commanding position in the global market in the near future. In terms of revenue contribution to the global market, Asia Pacific accounted for a dominant share of more than 42% in 2015.

North America chiefly consists of developed countries and mature markets. Therefore, the MIBK market in the region is expected to expand at a moderate pace during the forecast period. Countries in Middle East and Africa are estimated to provide lucrative opportunities for the MIBK market owing to the rise in commercial infrastructure development activities.

The global MIBK market features a largely consolidated competitive landscape, with the top five companies cumulatively accounting for a lion’s share in the market’s overall valuation. Some of the key companies in the market are The Dow Chemical Company, Royal Dutch Shell Plc, Kumho P&B, Lee Chang Yung Chemical, Celanese Corporation, Eastman Chemical Company, Mitsubishi Chemical Holdings Corporation, and Mitsui Chemicals, Inc.

1. Preface
     1.1. Report Scope and Market Segmentation 
     1.2. Research Highlights

2. Assumptions and Research Methodology
     2.1. Assumptions and Acronyms Used
     2.2. Research Methodology  

3. Executive Summary
     3.1. Market Size, Global Methyl Isobutyl Ketone Market  (US$ Mn)
     3.2. Key Trends
     3.3. Regional Overview, 2015 & Top 3 Product Share, 2015- 2024

4. Market Overview
     4.1. Product Overview
     4.2. Market Indicators
     4.3. Key Industry Developments
     4.4. Market Dynamics Market Dynamics
            4.4.1. Drivers
            4.4.2. Restraints
            4.4.3. Key Opportunities
     4.5. Methyl Isobutyl Ketone (MIBK)Pricing - Actuals and Projections, 2015 – 2024 (US$/kilo tons)
     4.6. Methyl Isobutyl Ketone (MIBK)Market - Global Supply Demand Scenario
     4.7. Porter’s Analysis Porter’s Analysis
            4.7.1. Threat of Substitutes
            4.7.2. Bargaining Power of Buyers
            4.7.3. Bargaining Power of Suppliers
            4.7.4. Threat of New Entrants
            4.7.5. Degree of Competition
     4.8. Market Outlook

5. Global Methyl Isobutyl Ketone (MIBK)Market Analysis By Application, 2015- 2024
     5.1. Key Findings
     5.2. Introduction
     5.3. Global Methyl Isobutyl Ketone (MIBK) Market Value Share Analysis, by Application, 2015- 2024
     5.4. Methyl Isobutyl Ketone (MIBK) Market Forecast, by Application, 2015- 2024
     5.5. Methyl Isobutyl Ketone (MIBK) Market Analysis, by Application, 2015- 2024
     5.6. Methyl Isobutyl Ketone (MIBK) Market Attractiveness Analysis, by Application, 2015- 2024

6. Global Methyl Isobutyl Ketone (MIBK)Market Analysis By End-User, 2015- 2024
     6.1. Key Findings
     6.2. Introduction
     6.3. Global MIBK Market Value Share Analysis, by End-User, 2015- 2024
     6.4. Methyl Isobutyl Ketone (MIBK) Market Analysis, by End-User, 2015- 2024
     6.5. Methyl Isobutyl Ketone (MIBK) Market Attractiveness Analysis, by End-User, 2015- 2024

7. Global Methyl Isobutyl Ketone (MIBK)Market Analysis and Forecasts, By Region
     7.1. Global Methyl Isobutyl Ketone (MIBK)Market Scenario, by Region, 2015- 2024
     7.2. Global MIBK Market Value Share Analysis, by Region, 2015- 2024
     7.3. MIBK Market Forecast, by Region, 2015- 2024
     7.4. Methyl Isobutyl Ketone (MIBK) Market Attractiveness Analysis, by Region, 2015- 2024

8. North America Methyl Isobutyl Ketone (MIBK) Market Analysis
     8.1. Key Findings
     8.2. Market Trends- Policies & Regulations 
     8.3. North America MIBK Market Overview
     8.4. North America Market Value Share Analysis, by Application, 2015 – 2024
     8.5. North America Market Forecast, by Application, 2015- 2024
     8.6. North America Market Value Share Analysis, by End-user, 2015- 2024
     8.7. North America Market Forecast, by End-user, 2015- 2024
     8.8. North America Market Value Share Analysis, by Country, 2015- 2024
     8.9. North America Market Forecast, by Country, 2015- 2024
     8.10. Market Attractiveness Analysis
            8.10.1. By Country
            8.10.2. By Application
            8.10.3. By End use  
     8.11. Market Trends

9. Europe Methyl Isobutyl Ketone (MIBK) Market Analysis
     9.1. Key Findings
     9.2. Europe MIBK Market Overview
     9.3. Europe Market Value Share Analysis, by Application, 2015–2024
     9.4. Europe Market Forecast, by Application, 2015- 2024
     9.5. Europe Market Value Share Analysis, by End-user, 2015- 2024
     9.6. Europe Market Forecast, by End-user, 2015- 2024
     9.7. Europe Market Value Share Analysis, by Country, 2015- 2024
     9.10. Europe Market Forecast, by Country, 2015- 2024
     9.11. Europe Market Attractiveness Analysis
            9.11.1. By Country
            9.11.2. By Application
            9.11.3. By End use
     9.12. Market Trends

10. Asia Pacific  Methyl Isobutyl Ketone (MIBK)Market Analysis
     10.1. Key Findings
     10.2. Asia Pacific MIBK Market Overview
     10.3.  Asia Pacific Market Value Share Analysis, by Application, 2015- 2024
     10.4. Asia Pacific Market Forecast, by Application, 2015–2024
     10.5. Asia Pacific Market Value Share Analysis, by End-user, 2015- 2024
     10.6. Asia Pacific Market Forecast, by End-user, 2015- 2024
     10.7. Asia Pacific Market Value Share Analysis, by Country, 2015- 2024
     10.8. Asia Pacific Market Forecast, by Country, 2015- 2024
     10.9. Market Attractiveness Analysis
            10.9.1. By Country
            10.9.2. By Application
            10.9.3. By End use
     10.10. Market Trends

11. Latin America Methyl Isobutyl Ketone (MIBK) Market Analysis
     11.1. Key Findings
     11.2. Latin America MIBK Market Overview
     11.3. Latin America Market Value Share Analysis, by Application, 2015- 2024
     11.4. Latin America Market Forecast, by Application, 2015- 2024
     11.5. Latin America Market Value Share Analysis, by End-user, 2015- 2024
     11.6. Latin America Market Forecast, by End-user, 2015- 2024
     11.7. Latin America Market Value Share Analysis, by Country, 2015- 2024
     11.8. Latin America Market Forecast, by Country, 2015- 2024
     11.9. Market Attractiveness Analysis
            11.9.1. By Country
            11.9.2. By Application
            11.9.3. By End use  
     11.10. Market Trends

12. Middle East & Africa (MEA) Methyl Isobutyl Ketone (MIBK) Market Analysis
     12.1. Key Findings
     12.2. Middle East & Africa MIBK Market Overview     
     12.3. Middle East & Africa MIBK Market Value Share Analysis, by Application, 2015- 2024
     12.4. Middle East & Africa MIBK Market Forecast, by Application, 2015- 2024
     12.5. Middle East & Africa MIBK Market Value Share Analysis, by End-user, 2015- 2024
     12.6. Middle East & Africa MIBK Market Forecast, by End-user, 2015- 2024
     12.7. Middle East & Africa MIBK Market Value Share Analysis, by Country, 2015- 2024
     12.8. Market Attractiveness Analysis
            12.5.1. By Country
            12.5.2. By Application
            12.5.3. By End use
     12.9.  Market Trends

13. Competition Landscape
     13.1. Competition Matrix
     13.2. Methyl Isobutyl Ketone (MIBK)Market Share Analysis, by Company (2015)
     13.3. Company Profiles
            13.3.1. Eastman Chemical Company
                      13.3.1.1. Company Description
                      13.3.1.2. Business Overview
                      13.3.1.3. Financial Details
                      13.3.1.4. SWOT
                      13.3.1.5. Strategic Overview
            13.3.2. Mitsui Chemicals, Inc.
                      13.3.2.1. Company Description
                      13.3.2.2. Business Overview
                      13.3.2.3. Financial Details
                      13.3.2.4. SWOT
                      13.3.2.5. Strategic Overview
            13.3.3. Mitsubishi Chemical Holdings Corporation
                      13.3.3.1. Company Description
                      13.3.3.2. Business Overview
                      13.3.3.3. Financial Details
                      13.3.3.4. SWOT
                      13.3.3.5. Strategic Overview
            13.3.4.  Celanese Corporation
                      13.3.4.1. Company Description
                      13.3.4.2. Business Overview
                      13.3.4.3. Financial Details
                      13.3.4.4. SWOT
                      13.3.4.5. Strategic Overview
            13.3.5. Royal Dutch Shell Plc. (Shell)
                      13.3.5.1. Company Description
                      13.3.5.2. Business Overview
                      13.3.5.3. Financial Details
                      13.3.5.4. SWOT
                      13.3.5.5. Strategic Overview
            13.3.6. The Dow Chemicals Company
                      13.3.6.1. Company Description
                      13.3.6.2. Business Overview
                      13.3.6.3. Financial Details
                      13.3.6.4. SWOT
                      13.3.6.5. Strategic Overview
            13.3.7. KUMHO P&B CHEMICALS., INC.
                      13.3.7.1. Company Description
                      13.3.7.2. Business Overview
                      13.3.7.3. Financial Details
                      13.3.7.4. SWOT
                      13.3.7.5. Strategic Overview
            13.3.8. Sasol Ltd.
                      13.3.8.1. Company Description
                      13.3.8.2. Business Overview
                      13.3.8.3. Financial Details
                      13.3.8.4. SWOT
                      13.3.8.5. Strategic Overview
            13.3.9.  Monument Chemical
                      13.3.9.1. Company Description
                      13.3.9.2. Business Overview
            13.3.10. Carboclor S.A.
                      13.3.10.1. Company Description
                      13.3.10.2. Business Overview
            13.3.11. LCY Chemical Corporation
                      13.3.11.1. Company Description
                      13.3.11.2. Business Overview
                      13.3.11.3. Financial Details
                      13.3.11.4. SWOT
                      13.3.11.5. Strategic Overview

14. Key Take aways

List of Figures

Figure 1: Global MIBK Market Size, by Market Value (US$ Mn) and Market Value Share
Figure 2: Regional Overview, 2015
Figure 3: Top 3 Application Share, 2015–2024 
Figure 4: Global MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 5: Global MIBK Prices (US$ Mn/Kilo Ton)
Figure 6: Global MIBK Market Value Share Analysis, by Application, 2015 and 2024
Figure 7: By Application (Solvents), 2015–2024 (Tons) (US$ Mn)
Figure 8: By Application (Rubber Chemicals), 2015–2024 (Tons) (US$ Mn)
Figure 9: By Application (Insecticides), 2015–2024 (Tons) (US$ Mn)
Figure 10: By Application (Surfactants), 2015–2024 (Tons) (US$ Mn)
Figure 11: By Application (Others), 2015–2024 (Tons) (US$ Mn)
Figure 12: Methyl Isobutyl Ketone (MIBK) Market Attractiveness Analysis, by Application, 2015
Figure 13: Global MIBK Market Value Share Analysis, by End-user, 2015 and 2024
Figure 14: By End-user, 2015–2024 (Tons) (US$ Mn)
Figure 15: By End-user, 2015–2024 (Tons) (US$ Mn)
Figure 16: By End-user, 2015–2024 (Tons) (US$ Mn)
Figure 17: By End-user, 2015–2024 (Tons) (US$ Mn)
Figure 18: By End-user, 2015–2024 (Tons) (US$ Mn)
Figure 19: Methyl Isobutyl Ketone (MIBK) Market Attractiveness Analysis, by End-user, 2015
Figure 20: Global MIBK Market Value Share Analysis, by Region, 2015 and 2024
Figure 21: Methyl Isobutyl Ketone (MIBK) Market Attractiveness Analysis, by Region, 2015
Figure 22: North America MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 23: North America MIBK Market Size and Volume Y-o-Y Growth Projection, 2015–2024
Figure 24: North America Market Attractiveness Analysis, by Country
Figure 25: North America Market Value Share Analysis, by Application, 2015 and 2024
Figure 26: North America Market Value Share Analysis, by End-user, 2015 and 2024
Figure 27: North America Market Value Share Analysis, by Country, 2015 and 2024
Figure 29: By End-user
Figure 28: By Application
Figure 30: Europe MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 31: Europe MIBK Market Size and Volume Y-o-Y Growth Projection, 2015–2024
Figure 32: Europe Market Attractiveness Analysis, by Country
Figure 33: Europe Market Value Share Analysis, by Application, 2016 and 2024
Figure 34: Europe Market Value Share Analysis, by End-user, 2016 and 2024
Figure 35: Europe Market Value Share Analysis, by Country, 2015 and 2024
Figure 36: By End-user
Figure 37: By Application
Figure 38: Asia Pacific MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 39: Asia Pacific MIBK Market Size and Volume Y-o-Y Growth Projection, 2015–2024
Figure 40: Asia Pacific Market Attractiveness Analysis, by Country
Figure 41: Asia Pacific Market Value Share Analysis, by Application, 2015 and 2024
Figure 42: Asia Pacific Market Value Share Analysis, by End-user, 2015 and 2024
Figure 43: Asia Pacific Market Value Share Analysis, by Country, 2016 and 2024
Figure 44: By End-user
Figure 45: By Application
Figure 46: Latin America MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 47: Latin America MIBK Market Size and Volume Y-o-Y Growth Projection, 2015–2024
Figure 48: Latin America Market Attractiveness Analysis, by Country
Figure 49: Latin America Market Value Share Analysis, by Application, 2015 and 2024
Figure 50: Latin America Market Value Share Analysis, by End-user, 2015 and 2024
Figure 51: Latin America Market Value Share Analysis, by Country, 2015 and 2024
Figure 52: By End-user
Figure 53: By Application
Figure 54: MEA MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 55: MEA MIBK Market Size and Volume, Y-o-Y Growth Projections, 2015–2024
Figure 56: MEA MIBK Market Attractiveness Analysis, by Country
Figure 57: Middle East & Africa MIBK Market Value Share Analysis, by Application, 2015 and 2024
Figure 58: Middle East & Africa MIBK Market Value Share Analysis, by End-user, 2016 and 2024
Figure 59: Middle East & Africa MIBK Market Value Share Analysis, by Country, 2016 and 2024
Figure 60: By Application
Figure 61: By End-user
Figure 62: Global Methyl Isobutyl Ketone (MIBK) Market Share Analysis, by Company (2015)

List of Tables

Table 1: Global MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2015–2024
Table 2: MIBK Market, Application Comparison Matrix
Table 3: Global MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by End-user, 2015–2024
Table 4: Global MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by Region, 2015–2024
Table 5: North America MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2015–2024
Table 6: North America MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by End-user, 2015–2024
Table 7: North America MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2015–2024
Table 8: Europe MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2015–2024
Table 9: Europe MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by End-user, 2015–2024
Table 10: Europe MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2015–2024
Table 11: Asia Pacific MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2015–2024
Table 12: Asia Pacific MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by End-user, 2015–2024
Table 13: Asia Pacific MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2015–2024
Table 14: Latin America MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2015–2024
Table 15: Latin America MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by End-user, 2015–2024
Table 16: Latin America MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2015–2024
Table 17: Middle East & Africa MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2015–2024
Table 18: Middle East & Africa MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by End-user, 2015–2024
Table 19: Middle East & Africa MIBK Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2015–2024

Global Methyl Isobutyl Ketone Market: Scope of the Report

This report analyzes and forecasts the market for Methyl Isobutyl Ketone at the global and regional level. The market has been forecast based on volume (tons) and revenue (US$ Mn) from 2016 to 2024. The study includes drivers and restraints of the global Methyl Isobutyl Ketone market. It also covers the impact of these drivers and restraints on demand for Methyl Isobutyl Ketone during the forecast period. The report also highlights opportunities in the Methyl Isobutyl Ketone market at the global and regional level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global Methyl Isobutyl Ketone market. Porter’s Five Forces model for the Methyl Isobutyl Ketone market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

Global Methyl Isobutyl Ketone Market: Segmentation

The study provides a decisive view of the global Methyl Isobutyl Ketone market by segmenting it in terms of application, and end user. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for Methyl Isobutyl Ketone in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual end-user segments in all the regions.

The study includes profiles of major companies operating in the global Methyl Isobutyl Ketone market. Key players operating in the methyl isobutyl ketone market include The Dow Chemical Company, Royal Dutch Shell Plc, Kumho P&B, Lee Chang Yung Chemical, Celanese Corporation, Eastman Chemical Company, Mitsubishi Chemical Holdings Corporation, Mitsui Chemicals, Inc., and Others. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis.

Global Methyl Isobutyl Ketone Market: Research Methodology

The report provides the estimated market size of Methyl Isobutyl Ketone for 2015 and forecast for the next nine years. The global market size of Methyl Isobutyl Ketone has been provided in terms of volume and revenue. Market numbers have been estimated based on key application, and end-user segments of MIBK. Market size and forecast for each major application, and end-user have been provided in terms of global and regional markets.

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, ICIS, United State Environmental Protection Agency (EPA), INTERNATIONAL PROGRAMME ON CHEMICAL SAFETY, IARC Monographs, Company Annual Reports, International Conference on Harmonization.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

The report segments the global Methyl Isobutyl Ketone market as:

Methyl Isobutyl Ketone Market: Application Analysis

  • Solvent
    • Automotive & Marine Coatings
    • Construction Coatings
    • Wood Coatings
  • Rubber Chemicals
  • Surfactants
  • Insecticides
  • Others

Methyl Isobutyl Ketone Market: End-User Analysis

  • Marine
  • Building & Construction
  • Automotive
  • Crop Protection
  • Others

Methyl Isobutyl Ketone Market: Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • Egypt
    • South Africa
    • Rest of MEA


 
 
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