Table of Contents
Part 1 Market Overview
    1.1 Market Definition
    1.2 Market Development
        1.2.1 Current Situation
        1.2.2 Aspects of COVID-19 Impact
    1.3 By Type
                Table Type of Thermally Fused Laminate (TFL) Panels
                Figure Global Thermally Fused Laminate (TFL) Panels Market Share by Type in 2019
    1.4 By Application
                Table Application of Thermally Fused Laminate (TFL) Panels
                Figure Global Thermally Fused Laminate (TFL) Panels Market Share by Application in 2019
    1.5 By Region
                Figure Global Thermally Fused Laminate (TFL) Panels Market Share by Region in 2019
                Figure Asia Thermally Fused Laminate (TFL) Panels Market Share by Region in 2019
Part 2 Key Companies
    2.1 Kronospan M&P Kaindl
        2.1.1 Company Profile
                Table Kronospan M&P Kaindl Overview List
        2.1.2 Products & Services Overview
        2.1.3 Sales Data List
                Table Thermally Fused Laminate (TFL) Panels Business Operation of Kronospan M&P Kaindl (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
    2.2 TEEHOME
    2.3 Swiss Krono Group
    2.4 Roseburg
    2.5 Arauco
    2.6 Sonae Indústria
    2.7 DareGlobal Wood
    2.8 Egger
    2.9 Panel Processing
    2.10 Fuxiang
    2.11 Shengguo Tree
    2.12 MJB Wood Group
    2.13 AICA Kogyo
    2.14 Panolam Industries International
    2.15 Uniboard
    2.16 Wilsonart
    2.17 Dongwha Malaysia 
    2.18 Funder America
    2.19 Specialty Laminates
    2.20 Purbanchal Laminates
Part 3 Global Market Status and Future Forecast
    3.1 Global Market by Region
                Table Global Thermally Fused Laminate (TFL) Panels Market by Region, 2015-2019 (Million USD)
                Figure Global Thermally Fused Laminate (TFL) Panels Market Share by Region in 2019 (Million USD)
                Table Global Thermally Fused Laminate (TFL) Panels Market by Region, 2015-2019 (Volume)
                Figure Global Thermally Fused Laminate (TFL) Panels Market Share by Region in 2019 (Volume)
                Table Price List by Region, 2015-2019
    3.2 Global Market by Company
                Table Global Thermally Fused Laminate (TFL) Panels Market by Company, 2015-2019 (Million USD)
                Figure Global Thermally Fused Laminate (TFL) Panels Market Share by Company in 2019 (Million USD)
                Table Global Thermally Fused Laminate (TFL) Panels Market by Company, 2015-2019 (Volume)
                Figure Global Thermally Fused Laminate (TFL) Panels Market Share by Company in 2019 (Volume)
                Table Price List by Company, 2015-2019
    3.3 Global Market by Type
                Table Global Thermally Fused Laminate (TFL) Panels Market by Type, 2015-2019 (Million USD)
                Figure Global Thermally Fused Laminate (TFL) Panels Market Share by Type in 2019 (Million USD)
                Table Global Thermally Fused Laminate (TFL) Panels Market by Type, 2015-2019 (Volume)
                Figure Global Thermally Fused Laminate (TFL) Panels Market Share by Type in 2019 (Volume)
                Table Price List by Type, 2015-2019
    3.4 Global Market by Application
                Table Global Thermally Fused Laminate (TFL) Panels Market by Application, 2015-2019 (Million USD)
                Figure Global Thermally Fused Laminate (TFL) Panels Market Share by Application in 2019 (Million USD)
                Table Global Thermally Fused Laminate (TFL) Panels Market by Application, 2015-2019 (Volume)
                Figure Global Thermally Fused Laminate (TFL) Panels Market Share by Application in 2019 (Volume)
                Table Price List by Application, 2015-2019
    3.5 Global Market by Forecast
                Figure Global Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Global Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
Part 4 Asia-Pacific Market Status and Future Forecast
    4.1 Asia-Pacific Market by Type
                Table Asia-Pacific Thermally Fused Laminate (TFL) Panels Market by Type, 2015-2019 (Million USD)
                Figure Asia-Pacific Thermally Fused Laminate (TFL) Panels Market Share by Type in 2019 (Million USD)
                Table Asia-Pacific Thermally Fused Laminate (TFL) Panels Market by Type, 2015-2019 (Volume)
                Figure Asia-Pacific Thermally Fused Laminate (TFL) Panels Market Share by Type in 2019 (Volume)
                Table Price List by Type, 2015-2019
    4.2 Asia-Pacific Market by Application
                Table Asia-Pacific Thermally Fused Laminate (TFL) Panels Market by Application, 2015-2019 (Million USD)
                Figure Asia-Pacific Thermally Fused Laminate (TFL) Panels Market Share by Application in 2019 (Million USD)
                Table Asia-Pacific Thermally Fused Laminate (TFL) Panels Market by Application, 2015-2019 (Volume)
                Figure Asia-Pacific Thermally Fused Laminate (TFL) Panels Market Share by Application in 2019 (Volume)
                Table Price List by Application, 2015-2019
    4.3 Asia-Pacific Market by Geography
        4.3.1 China Market Status and Future Forecast
                Figure China Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure China Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure China Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure China Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        4.3.2 Southeast Asia Market Status and Future Forecast
                Figure Southeast Asia Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Southeast Asia Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Southeast Asia Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Southeast Asia Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        4.3.3 India Market Status and Future Forecast
                Figure India Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure India Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure India Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure India Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        4.3.4 Japan Market Status and Future Forecast
                Figure Japan Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Japan Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Japan Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Japan Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        4.3.5 Korea Market Status and Future Forecast
                Figure Korea Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Korea Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Korea Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Korea Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        4.3.6 Oceania Market Status and Future Forecast
                Figure Oceania Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Oceania Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Oceania Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Oceania Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
    4.4 Asia-Pacific Market by Forecast
                Figure Asia-Pacific Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Asia-Pacific Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
Part 5 Europe Market Status and Future Forecast
    5.1 Europe Market by Type
                Table Europe Thermally Fused Laminate (TFL) Panels Market by Type, 2015-2019 (Million USD)
                Figure Europe Thermally Fused Laminate (TFL) Panels Market Share by Type in 2019 (Million USD)
                Table Europe Thermally Fused Laminate (TFL) Panels Market by Type, 2015-2019 (Volume)
                Figure Europe Thermally Fused Laminate (TFL) Panels Market Share by Type in 2019 (Volume)
                Table Price List by Type, 2015-2019
    5.2 Europe Market by Application
                Table Europe Thermally Fused Laminate (TFL) Panels Market by Application, 2015-2019 (Million USD)
                Figure Europe Thermally Fused Laminate (TFL) Panels Market Share by Application in 2019 (Million USD)
                Table Europe Thermally Fused Laminate (TFL) Panels Market by Application, 2015-2019 (Volume)
                Figure Europe Thermally Fused Laminate (TFL) Panels Market Share by Application in 2019 (Volume)
                Table Price List by Application, 2015-2019
    5.3 Europe Market by Geography
        5.3.1 Germany Market Status and Future Forecast
                Figure Germany Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Germany Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Germany Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Germany Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        5.3.2 UK Market Status and Future Forecast
                Figure UK Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure UK Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure UK Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure UK Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        5.3.3 France Market Status and Future Forecast
                Figure France Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure France Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure France Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure France Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        5.3.4 Italy Market Status and Future Forecast
                Figure Italy Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Italy Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Italy Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Italy Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        5.3.5 Russia Market Status and Future Forecast
                Figure Russia Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Russia Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Russia Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Russia Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        5.3.6 Spain Market Status and Future Forecast
                Figure Spain Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Spain Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Spain Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Spain Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        5.3.6 Netherlands Market Status and Future Forecast
                Figure Netherlands Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Netherlands Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Netherlands Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Netherlands Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        5.3.7 Turkey Market Status and Future Forecast
                Figure Turkey Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Turkey Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Turkey Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Turkey Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        5.3.6 Switzerland Market Status and Future Forecast
                Figure Switzerland Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Switzerland Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Switzerland Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Switzerland Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
    5.4 Europe Market by Forecast
                Figure Europe Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Europe Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
Part 6 North America Market Status and Future Forecast
    6.1 North America Market by Type
                Table North America Thermally Fused Laminate (TFL) Panels Market by Type, 2015-2019 (Million USD)
                Figure North America Thermally Fused Laminate (TFL) Panels Market Share by Type in 2019 (Million USD)
                Table North America Thermally Fused Laminate (TFL) Panels Market by Type, 2015-2019 (Volume)
                Figure North America Thermally Fused Laminate (TFL) Panels Market Share by Type in 2019 (Volume)
                Table Price List by Type, 2015-2019
    6.2 North America Market by Application
                Table North America Thermally Fused Laminate (TFL) Panels Market by Application, 2015-2019 (Million USD)
                Figure North America Thermally Fused Laminate (TFL) Panels Market Share by Application in 2019 (Million USD)
                Table North America Thermally Fused Laminate (TFL) Panels Market by Application, 2015-2019 (Volume)
                Figure North America Thermally Fused Laminate (TFL) Panels Market Share by Application in 2019 (Volume)
                Table Price List by Application, 2015-2019
    6.3 North America Market by Geography
        6.3.1 United States Market Status and Future Forecast
                Figure United States Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure United States Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure United States Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure United States Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        6.3.2 Canada Market Status and Future Forecast
                Figure Canada Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Canada Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Canada Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Canada Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        6.3.3 Mexico Market Status and Future Forecast
                Figure Mexico Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Mexico Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Mexico Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Mexico Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
    6.4 North America Market by Forecast
                Figure North America Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure North America Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
Part 7 South America Market Status and Future Forecast
    7.1 South America Market by Type
                Table South America Thermally Fused Laminate (TFL) Panels Market by Type, 2015-2019 (Million USD)
                Figure South America Thermally Fused Laminate (TFL) Panels Market Share by Type in 2019 (Million USD)
                Table South America Thermally Fused Laminate (TFL) Panels Market by Type, 2015-2019 (Volume)
                Figure South America Thermally Fused Laminate (TFL) Panels Market Share by Type in 2019 (Volume)
                Table Price List by Type, 2015-2019
    7.2 South America Market by Application
                Table South America Thermally Fused Laminate (TFL) Panels Market by Application, 2015-2019 (Million USD)
                Figure South America Thermally Fused Laminate (TFL) Panels Market Share by Application in 2019 (Million USD)
                Table South America Thermally Fused Laminate (TFL) Panels Market by Application, 2015-2019 (Volume)
                Figure South America Thermally Fused Laminate (TFL) Panels Market Share by Application in 2019 (Volume)
                Table Price List by Application, 2015-2019
    7.3 South America Market by Geography
        7.3.1 Brazil Market Status and Future Forecast
                Figure Brazil Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Brazil Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Brazil Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Brazil Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        7.3.2 Argentina Market Status and Future Forecast
                Figure Argentina Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Argentina Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Argentina Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Argentina Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        7.3.3 Columbia Market Status and Future Forecast
                Figure Columbia Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Columbia Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Columbia Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Columbia Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        7.3.4 Chile Market Status and Future Forecast
                Figure Chile Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Chile Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Chile Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Chile Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        7.3.5 Peru Market Status and Future Forecast
                Figure Peru Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure Peru Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure Peru Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Peru Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
    7.4 South America Market by Forecast
                Figure South America Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure South America Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
Part 8 Middle East & Africa Market Status and Future Forecast
    8.1 Middle East & Africa Market by Type
                Table Middle East & Africa Thermally Fused Laminate (TFL) Panels Market by Type, 2015-2019 (Million USD)
                Figure Middle East & Africa Thermally Fused Laminate (TFL) Panels Market Share by Type in 2019 (Million USD)
                Table Middle East & Africa Thermally Fused Laminate (TFL) Panels Market by Type, 2015-2019 (Volume)
                Figure Middle East & Africa Thermally Fused Laminate (TFL) Panels Market Share by Type in 2019 (Volume)
                Table Price List by Type, 2015-2019
    8.2 Middle East & Africa Market by Application
                Table Middle East & Africa Thermally Fused Laminate (TFL) Panels Market by Application, 2015-2019 (Million USD)
                Figure Middle East & Africa Thermally Fused Laminate (TFL) Panels Market Share by Application in 2019 (Million USD)
                Table Middle East & Africa Thermally Fused Laminate (TFL) Panels Market by Application, 2015-2019 (Volume)
                Figure Middle East & Africa Thermally Fused Laminate (TFL) Panels Market Share by Application in 2019 (Volume)
                Table Price List by Application, 2015-2019
    8.3 Middle East & Africa Market by Geography
        8.3.1 GCC Market Status and Future Forecast
                Figure GCC Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure GCC Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure GCC Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure GCC Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        8.3.2 North Africa Market Status and Future Forecast
                Figure North Africa Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure North Africa Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure North Africa Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure North Africa Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
        8.3.3 South Africa Market Status and Future Forecast
                Figure South Africa Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Million USD)
                Figure South Africa Thermally Fused Laminate (TFL) Panels Market Market Status, 2015-2019  (Volume)
                Figure South Africa Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure South Africa Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
    8.4 Middle East & Africa Market by Forecast
                Figure Middle East & Africa Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Million USD)
                Figure Middle East & Africa Thermally Fused Laminate (TFL) Panels Market Forecast, 2020-2025 (Volume)
Part 9 Market Features
    9.1 Product Features
    9.2 Price Features
    9.3 Channel Features
    9.4 Purchasing Features
Part 10 Investment Opportunity
    10.1 Regional Investment Opportunity
    10.2 Industry Investment Opportunity
PART 11 Coronavirus Impact
    11.1 Impact on Industry Upstream
    11.2 Impact on Industry Downstream
    11.3 Impact on Industry Channels
    11.4 Impact on Industry Competition
    11.5 Impact on Industry Obtain Employment
Part 12 Conclusion