NAICS Code 324110-08 - Oils-Petroleum (Manufacturing)

Marketing Level - NAICS 8-Digit

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NAICS CODE 324110-08
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NAICS Code 324110-08 Description (8-Digit)

The Oils-Petroleum (Manufacturing) industry involves the production of various petroleum products through refining crude oil. This industry is responsible for the manufacturing of a wide range of products such as gasoline, diesel fuel, jet fuel, lubricants, asphalt, and other petroleum-based products. The refining process involves the separation of crude oil into its various components through distillation, cracking, and other chemical processes. The resulting products are then further processed and blended to meet specific customer requirements.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 324110 page

Tools

Tools commonly used in the Oils-Petroleum (Manufacturing) industry for day-to-day tasks and operations.

  • Distillation columns
  • Catalytic crackers
  • Hydrocrackers
  • Desulfurization units
  • Alkylation units
  • Isomerization units
  • Fractionation towers
  • Heat exchangers
  • Pumps
  • Compressors
  • Boilers
  • Turbines
  • Reactors
  • Separators
  • Analyzers
  • Control systems
  • Safety equipment
  • Maintenance tools
  • Laboratory equipment

Industry Examples of Oils-Petroleum (Manufacturing)

Common products and services typical of NAICS Code 324110-08, illustrating the main business activities and contributions to the market.

  • Gasoline production
  • Diesel fuel production
  • Jet fuel production
  • Lubricant production
  • Asphalt production
  • Petroleum jelly production
  • Wax production
  • Solvent production
  • Chemical production
  • Petrochemical production

History

A concise historical narrative of NAICS Code 324110-08 covering global milestones and recent developments within the United States.

  • The "Oils-Petroleum (Manufacturing)" industry has a long and rich history dating back to the 19th century. The first oil refinery was built in 1856 in Romania, and the industry quickly spread to other parts of the world. In the United States, the industry began in the late 1800s, with the first commercial oil well drilled in Pennsylvania in 1859. The industry grew rapidly in the early 20th century, with the development of new technologies such as the catalytic cracking process, which allowed for the production of higher-quality gasoline. In recent history, the industry has faced challenges such as the 1970s oil crisis and the increasing demand for renewable energy sources. However, it has continued to innovate and adapt to changing market conditions, with a focus on improving efficiency and reducing environmental impact.