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Market Overview
The PA 12 market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
The global PA 12 market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 5.0%% in the forecast period of 2020 to 2025 and will expected to reach USD 1540.6 million by 2025, from USD 1268.6 million in 2019.
Market segmentation
PA 12 market is split by Type and by Application. For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
By Type, PA 12 market has been segmented into
Bio-based PA 12
Petroleum-based PA 12
By Application, PA 12 has been segmented into:
Food & Medical
Automotive
Electronics
Mechanical Engineering
Others
Regions and Countries Level Analysis
Regional analysis is another highly comprehensive part of the research and analysis study of the global PA 12 market presented in the report. This section sheds light on the sales growth of different regional and country-level PA 12 markets. For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global PA 12 market.
The report offers in-depth assessment of the growth and other aspects of the PA 12 market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, etc.)
Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)
Competitive Landscape and PA 12 Market Share Analysis
PA 12 competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, PA 12 sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. For the period 2015-2020, this study provides the PA 12 sales, revenue and market share for each player covered in this report.
The major players covered in PA 12 are:
Evonik
UBE Industries
Arkema
EMS-Grivory
Among other players domestic and global, PA 12 market share data is available for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. Our analysts understand competitive strengths and provide competitive analysis for each competitor separately.
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe PA 12 product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of PA 12, with price, sales, revenue and global market share of PA 12 in 2018 and 2019.
Chapter 3, the PA 12 competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the PA 12 breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.
Chapter 12, PA 12 market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.
Chapter 13, 14 and 15, to describe PA 12 sales channel, distributors, customers, research findings and conclusion, appendix and data source.
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
1 Market Overview
1.1 PA 12 Introduction
1.2 Market Analysis by Type
1.2.1 Overview: Global PA 12 Revenue by Type: 2015 VS 2019 VS 2025
1.2.2 Bio-based PA 12
1.2.3 Petroleum-based PA 12
1.3 Market Analysis by Application
1.3.1 Overview: Global PA 12 Revenue by Application: 2015 VS 2019 VS 2025
1.3.2 Food & Medical
1.3.3 Automotive
1.3.4 Electronics
1.3.5 Mechanical Engineering
1.3.6 Others
1.4 Overview of Global PA 12 Market
1.4.1 Global PA 12 Market Status and Outlook (2015-2025)
1.4.2 North America (United States, Canada and Mexico)
1.4.3 Europe (Germany, France, United Kingdom, Russia and Italy)
1.4.4 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.5 South America, Middle East & Africa
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
2.1 Evonik
2.1.1 Evonik Details
2.1.2 Evonik Major Business
2.1.3 Evonik SWOT Analysis
2.1.4 Evonik Product and Services
2.1.5 Evonik PA 12 Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.2 UBE Industries
2.2.1 UBE Industries Details
2.2.2 UBE Industries Major Business
2.2.3 UBE Industries SWOT Analysis
2.2.4 UBE Industries Product and Services
2.2.5 UBE Industries PA 12 Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.3 Arkema
2.3.1 Arkema Details
2.3.2 Arkema Major Business
2.3.3 Arkema SWOT Analysis
2.3.4 Arkema Product and Services
2.3.5 Arkema PA 12 Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.4 EMS-Grivory
2.4.1 EMS-Grivory Details
2.4.2 EMS-Grivory Major Business
2.4.3 EMS-Grivory SWOT Analysis
2.4.4 EMS-Grivory Product and Services
2.4.5 EMS-Grivory PA 12 Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
3 Sales, Revenue and Market Share by Manufacturer
3.1 Global PA 12 Sales and Market Share by Manufacturer (2018-2019)
3.2 Global PA 12 Revenue and Market Share by Manufacturer (2018-2019)
3.3 Market Concentration Rate
3.3.1 Top 3 PA 12 Manufacturer Market Share in 2019
3.3.2 Top 6 PA 12 Manufacturer Market Share in 2019
3.4 Market Competition Trend
4 Global Market Analysis by Regions
4.1 Global PA 12 Sales, Revenue and Market Share by Regions
4.1.1 Global PA 12 Sales and Market Share by Regions (2015-2020)
4.1.2 Global PA 12 Revenue and Market Share by Regions (2015-2020)
4.2 North America PA 12 Sales and Growth Rate (2015-2020)
4.3 Europe PA 12 Sales and Growth Rate (2015-2020)
4.4 Asia-Pacific PA 12 Sales and Growth Rate (2015-2020)
4.5 South America PA 12 Sales and Growth Rate (2015-2020)
4.6 Middle East and Africa PA 12 Sales and Growth Rate (2015-2020)
5 North America by Country
5.1 North America PA 12 Sales, Revenue and Market Share by Country
5.1.1 North America PA 12 Sales and Market Share by Country (2015-2020)
5.1.2 North America PA 12 Revenue and Market Share by Country (2015-2020)
5.2 United States PA 12 Sales and Growth Rate (2015-2020)
5.3 Canada PA 12 Sales and Growth Rate (2015-2020)
5.4 Mexico PA 12 Sales and Growth Rate (2015-2020)
6 Europe by Country
6.1 Europe PA 12 Sales, Revenue and Market Share by Country
6.1.1 Europe PA 12 Sales and Market Share by Country (2015-2020)
6.1.2 Europe PA 12 Revenue and Market Share by Country (2015-2020)
6.2 Germany PA 12 Sales and Growth Rate (2015-2020)
6.3 UK PA 12 Sales and Growth Rate (2015-2020)
6.4 France PA 12 Sales and Growth Rate (2015-2020)
6.5 Russia PA 12 Sales and Growth Rate (2015-2020)
6.6 Italy PA 12 Sales and Growth Rate (2015-2020)
7 Asia-Pacific by Regions
7.1 Asia-Pacific PA 12 Sales, Revenue and Market Share by Regions
7.1.1 Asia-Pacific PA 12 Sales and Market Share by Regions (2015-2020)
7.1.2 Asia-Pacific PA 12 Revenue and Market Share by Regions (2015-2020)
7.2 China PA 12 Sales and Growth Rate (2015-2020)
7.3 Japan PA 12 Sales and Growth Rate (2015-2020)
7.4 Korea PA 12 Sales and Growth Rate (2015-2020)
7.5 India PA 12 Sales and Growth Rate (2015-2020)
7.6 Southeast Asia PA 12 Sales and Growth Rate (2015-2020)
7.7 Australia PA 12 Sales and Growth Rate (2015-2020)
8 South America by Country
8.1 South America PA 12 Sales, Revenue and Market Share by Country
8.1.1 South America PA 12 Sales and Market Share by Country (2015-2020)
8.1.2 South America PA 12 Revenue and Market Share by Country (2015-2020)
8.2 Brazil PA 12 Sales and Growth Rate (2015-2020)
8.3 Argentina PA 12 Sales and Growth Rate (2015-2020)
9 Middle East & Africa by Countries
9.1 Middle East & Africa PA 12 Sales, Revenue and Market Share by Country
9.1.1 Middle East & Africa PA 12 Sales and Market Share by Country (2015-2020)
9.1.2 Middle East & Africa PA 12 Revenue and Market Share by Country (2015-2020)
9.2 Saudi Arabia PA 12 Sales and Growth Rate (2015-2020)
9.3 Turkey PA 12 Sales and Growth Rate (2015-2020)
9.4 Egypt PA 12 Sales and Growth Rate (2015-2020)
9.5 South Africa PA 12 Sales and Growth Rate (2015-2020)
10 Market Segment by Type
10.1 Global PA 12 Sales and Market Share by Type (2015-2020)
10.2 Global PA 12 Revenue and Market Share by Type (2015-2020)
10.3 Global PA 12 Price by Type (2015-2020)
11 Global PA 12 Market Segment by Application
11.1 Global PA 12 Sales Market Share by Application (2015-2020)
11.2 Global PA 12 Revenue Market Share by Application (2015-2020)
11.3 Global PA 12 Price by Application (2015-2020)
12 Market Forecast
12.1 Global PA 12 Sales, Revenue and Growth Rate (2021-2025)
12.2 PA 12 Market Forecast by Regions (2021-2025)
12.2.1 North America PA 12 Market Forecast (2021-2025)
12.2.2 Europe PA 12 Market Forecast (2021-2025)
12.2.3 Asia-Pacific PA 12 Market Forecast (2021-2025)
12.2.4 South America PA 12 Market Forecast (2021-2025)
12.2.5 Middle East & Africa PA 12 Market Forecast (2021-2025)
12.3 PA 12 Market Forecast by Type (2021-2025)
12.3.1 Global PA 12 Sales Forecast by Type (2021-2025)
12.3.2 Global PA 12 Market Share Forecast by Type (2021-2025)
12.4 PA 12 Market Forecast by Application (2021-2025)
12.4.1 Global PA 12 Sales Forecast by Application (2021-2025)
12.4.2 Global PA 12 Market Share Forecast by Application (2021-2025)
13 Sales Channel, Distributors, Traders and Dealers
13.1 Sales Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.2 Distributors, Traders and Dealers
14 Research Findings and Conclusion
15 Appendix
15.1 Methodology
15.2 Data Source
15.3 Disclaimer
15.4 About US
List of Tables
Table 1. Global PA 12 Revenue (USD Million) by Type: 2015 VS 2019 VS 2025
Table 2. Breakdown of PA 12 by Company Type (Tier 1, Tier 2 and Tier 3)
Table 3. Global PA 12 Market Size and Growth Estimation in Various Scenarios in 2020
Table 4. Global PA 12 Revenue (USD Million) by Application: 2015 VS 2019 VS 2025
Table 5. Market Opportunities in Next Few Years
Table 6. Market Risks Analysis
Table 7. Market Drivers
Table 8. Evonik Basic Information, Manufacturing Base and Competitors
Table 9. Evonik PA 12 Major Business
Table 10. Evonik PA 12 Total Revenue (USD Million) (2018-2019)
Table 11. Evonik SWOT Analysis
Table 12. Evonik PA 12 Product and Services
Table 13. Evonik PA 12 Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 14. UBE Industries Basic Information, Manufacturing Base and Competitors
Table 15. UBE Industries PA 12 Major Business
Table 16. UBE Industries PA 12 Total Revenue (USD Million) (2018-2019)
Table 17. UBE Industries SWOT Analysis
Table 18. UBE Industries PA 12 Product and Services
Table 19. UBE Industries PA 12 Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 20. Arkema Basic Information, Manufacturing Base and Competitors
Table 21. Arkema PA 12 Major Business
Table 22. Arkema PA 12 Total Revenue (USD Million) (2018-2019)
Table 23. Arkema SWOT Analysis
Table 24. Arkema PA 12 Product and Services
Table 25. Arkema PA 12 Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 26. EMS-Grivory Basic Information, Manufacturing Base and Competitors
Table 27. EMS-Grivory PA 12 Major Business
Table 28. EMS-Grivory PA 12 Total Revenue (USD Million) (2018-2019)
Table 29. EMS-Grivory SWOT Analysis
Table 30. EMS-Grivory PA 12 Product and Services
Table 31. EMS-Grivory PA 12 Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 32. Global PA 12 Sales by Manufacturer (2018-2019) (Ton)
Table 33. Global PA 12 Revenue by Manufacturer (2018-2019) (USD Million)
Table 34. Global PA 12 Sales by Regions (2015-2020) (Ton)
Table 35. Global PA 12 Sales Market Share by Regions (2015-2020)
Table 36. Global PA 12 Revenue by Regions (2015-2020) (USD Million)
Table 37. North America PA 12 Sales by Countries (2015-2020) (Ton)
Table 38. North America PA 12 Sales Market Share by Countries (2015-2020)
Table 39. North America PA 12 Revenue by Countries (2015-2020) (USD Million)
Table 40. North America PA 12 Revenue Market Share by Countries (2015-2020)
Table 41. Europe PA 12 Sales by Countries (2015-2020) (Ton)
Table 42. Europe PA 12 Sales Market Share by Countries (2015-2020)
Table 43. Europe PA 12 Revenue by Countries (2015-2020) (USD Million)
Table 44. Asia-Pacific PA 12 Sales by Regions (2015-2020) (Ton)
Table 45. Asia-Pacific PA 12 Sales Market Share by Regions (2015-2020)
Table 46. Asia-Pacific PA 12 Revenue by Regions (2015-2020) (USD Million)
Table 47. South America PA 12 Sales by Countries (2015-2020) (Ton)
Table 48. South America PA 12 Sales Market Share by Countries (2015-2020)
Table 49. South America PA 12 Revenue by Countries (2015-2020) (USD Million)
Table 50. South America PA 12 Revenue Market Share by Countries (2015-2020)
Table 51. Middle East & Africa PA 12 Sales by Countries (2015-2020) (Ton)
Table 52. Middle East & Africa PA 12 Sales Market Share by Countries (2015-2020)
Table 53. Middle East & Africa PA 12 Revenue by Countries (2015-2020) (USD Million)
Table 54. Middle East & Africa PA 12 Revenue Market Share by Countries (2015-2020)
Table 55. Global PA 12 Sales by Type (2015-2020) (Ton)
Table 56. Global PA 12 Sales Share by Type (2015-2020)
Table 57. Global PA 12 Revenue by Type (2015-2020) (USD Million)
Table 58. Global PA 12 Revenue Share by Type (2015-2020)
Table 59. Global PA 12 Sales by Application (2015-2020) (Ton)
Table 60. Global PA 12 Sales Share by Application (2015-2020)
Table 61. Global PA 12 Sales Forecast by Regions (2021-2025) (Ton)
Table 62. Global PA 12 Market Share Forecast by Regions (2021-2025)
Table 63. Global PA 12 Sales Forecast by Type (2021-2025) (Ton)
Table 64. Global PA 12 Market Share Forecast by Type (2021-2025)
Table 65. Global PA 12 Sales Forecast by Application (2021-2025)
Table 66. Global PA 12 Market Share Forecast by Application (2021-2025)
Table 67. Direct Channel Pros & Cons
Table 68. Indirect Channel Pros & Cons
Table 69. Distributors/Traders/ Dealers List
List of Figures
Figure 1. PA 12 Picture
Figure 2. Global Sales Market Share of PA 12 by Type in 2019
Figure 3. Bio-based PA 12 Picture
Figure 4. Petroleum-based PA 12 Picture
Figure 5. PA 12 Sales Market Share by Application in 2019
Figure 6. Food & Medical Picture
Figure 7. Automotive Picture
Figure 8. Electronics Picture
Figure 9. Mechanical Engineering Picture
Figure 10. Others Picture
Figure 11. Global PA 12 Market Status and Outlook (2015-2025) (USD Million)
Figure 12. United States PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 13. Canada PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 14. Mexico PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 15. Germany PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 16. France PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 17. UK PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 18. Russia PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 19. Italy PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 20. China PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 21. Japan PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 22. Korea PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 23. India PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 24. Southeast Asia PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 25. Australia PA 12 Revenue (Value) and Growth Rate (2015-2025) (USD Million)
Figure 26. Brazil PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 27. Egypt PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 28. Saudi Arabia PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 29. South Africa PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 30. Turkey PA 12 Revenue (Value) and Growth Rate (2015-2025)
Figure 31. Global PA 12 Sales Market Share by Manufacturer in 2019
Figure 32. Global PA 12 Revenue Market Share by Manufacturer in 2019
Figure 33. Top 3 PA 12 Manufacturer (Revenue) Market Share in 2019
Figure 34. Top 6 PA 12 Manufacturer (Revenue) Market Share in 2019
Figure 35. Key Manufacturer Market Share Trend
Figure 36. Global PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 37. Global PA 12 Revenue and Growth Rate (2015-2020) (USD Million)
Figure 38. Global PA 12 Revenue Market Share by Regions (2015-2020)
Figure 39. Global PA 12 Revenue Market Share by Regions in 2018
Figure 40. North America PA 12 Sales and Growth Rate (2015-2020)
Figure 41. Europe PA 12 Sales and Growth Rate (2015-2020)
Figure 42. Asia-Pacific PA 12 Sales and Growth Rate (2015-2020)
Figure 43. South America PA 12 Sales and Growth Rate (2015-2020)
Figure 44. Middle East & Africa PA 12 Sales and Growth Rate (2015-2020)
Figure 45. North America PA 12 Revenue and Growth Rate (2015-2020) (USD Million)
Figure 46. North America PA 12 Sales Market Share by Countries (2015-2020)
Figure 47. North America PA 12 Sales Market Share by Countries in 2018
Figure 48. North America PA 12 Revenue Market Share by Countries (2015-2020) (USD Million)
Figure 49. North America PA 12 Revenue Market Share by Countries in 2018
Figure 50. United States PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 51. Canada PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 52. Mexico PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 53. Europe PA 12 Revenue and Growth Rate (2015-2020) (USD Million)
Figure 54. Europe PA 12 Revenue Market Share by Countries (2015-2020)
Figure 55. Europe PA 12 Revenue Market Share by Countries in 2019
Figure 56. Germany PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 57. UK PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 58. France PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 59. Russia PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 60. Italy PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 61. Asia-Pacific PA 12 Revenue and Growth Rate (2015-2020) (USD Million)
Figure 62. Asia-Pacific PA 12 Sales Market Share by Regions 2019
Figure 63. Asia-Pacific PA 12 Revenue Market Share by Regions 2019
Figure 64. China PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 65. Japan PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 66. Korea PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 67. India PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 68. Southeast Asia PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 69. South America PA 12 Revenue and Growth Rate (2015-2020) (USD Million)
Figure 70. South America PA 12 Sales Market Share by Countries in 2019
Figure 71. South America PA 12 Revenue Market Share by Countries in 2019
Figure 72. Brazil PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 73. Argentina PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 74. Middle East and Africa PA 12 Revenue and Growth Rate (2015-2020) (USD Million)
Figure 75. Middle East and Africa PA 12 Sales Market Share by Countries in 2019
Figure 76. Middle East and Africa PA 12 Revenue Market Share by Countries (2015-2020)
Figure 77. Middle East and Africa PA 12 Revenue Market Share by Countries in 2019
Figure 78. Saudi Arabia PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 79. Egypt PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 80. Turkey PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 81. South Africa PA 12 Sales and Growth Rate (2015-2020) (Ton)
Figure 82. Global PA 12 Sales and Growth Rate (2021-2025) (Ton)
Figure 83. Global PA 12 Revenue and Growth Rate (2021-2025) (USD Million)
Figure 84. North America Sales PA 12 Market Forecast (2021-2025) (Ton)
Figure 85. Europe Sales PA 12 Market Forecast (2021-2025) (Ton)
Figure 86. Asia-Pacific Sales PA 12 Market Forecast (2021-2025) (Ton)
Figure 87. South America Sales PA 12 Market Forecast (2021-2025) (Ton)
Figure 88. Middle East & Africa Sales PA 12 Market Forecast (2021-2025) (Ton)
Figure 89. Sales Channel: Direct Channel vs Indirect Channel
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