Tools commonly used in the Drawing & Extruding Compounds (Manufacturing) industry for day-to-day tasks and operations.

• Lubricants
• Metalworking fluids
• Coolants
• Rust inhibitors
• Anti-wear agents
• Extreme pressure additives
• Emulsifiers
• Surfactants
• Corrosion inhibitors
• Defoamers

Common products and services typical of NAICS Code 324191-03, illustrating the main business activities and contributions to the market.

• Metal wire drawing compounds
• Plastic extrusion lubricants
• Aluminum extrusion compounds
• Copper wire drawing lubricants
• Steel extrusion compounds
• PVC extrusion lubricants
• Brass wire drawing compounds
• Nylon extrusion lubricants
• Zinc extrusion compounds
• Polyethylene wire drawing lubricants

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• ISO 9001:2015 Quality Management System: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
• ISO 14001:2015 Environmental Management System: This certification ensures that the company has an environmental management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
• OSHA Hazard Communication Standard (HCS): This standard requires that all hazardous chemicals in the workplace are properly labeled and that employees are trained on how to handle them safely. It is provided by the Occupational Safety and Health Administration (OSHA).
• EPA Toxic Substances Control Act (TSCA) Compliance: This regulation requires that companies report and maintain records on the manufacture, import, processing, and distribution of chemical substances in the US. It is provided by the Environmental Protection Agency (EPA).
• FDA Food Contact Notification (FCN): This notification is required for substances that are intended to be used in contact with food. It is provided by the Food and Drug Administration (FDA).

A concise historical narrative of NAICS Code 324191-03 covering global milestones and recent developments within the United States.

• The "Drawing & Extruding Compounds (Manufacturing)" industry has a long history dating back to the early 20th century when the first synthetic rubber was developed. This development led to the creation of new materials that could be used in the manufacturing of various products. In the 1930s, the first plastic extrusion machines were developed, which allowed for the mass production of plastic products. In the 1950s, the first thermoplastic elastomers were developed, which further expanded the range of materials that could be used in the industry. In recent history, the industry has seen advancements in the development of new materials, such as biodegradable plastics, and the use of automation in the manufacturing process. In the United States, the "Drawing & Extruding Compounds (Manufacturing)" industry has a more recent history. The industry began to grow in the 1960s and 1970s, as new materials and manufacturing processes were developed. In the 1980s and 1990s, the industry saw a shift towards more environmentally friendly materials and processes, as well as an increase in the use of automation. In the 2000s, the industry continued to grow, with a focus on the development of new materials and the use of advanced manufacturing technologies, such as 3D printing. Overall, the industry has a rich history of innovation and technological advancement, which has led to the creation of new products and the growth of the industry as a whole.

The anticipated future trajectory of the NAICS 324191-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Drawing & Extruding Compounds (Manufacturing) industry in the USA is positive. The industry is expected to grow due to the increasing demand for plastic products in various end-use industries such as automotive, construction, and packaging. The growing trend of lightweight and fuel-efficient vehicles is also expected to drive the demand for plastic compounds used in the automotive industry. Additionally, the increasing demand for sustainable and eco-friendly products is expected to create new opportunities for the industry. However, the industry may face challenges such as the volatility of raw material prices and the increasing competition from low-cost manufacturers in emerging economies.

Recent groundbreaking advancements and milestones in the Drawing & Extruding Compounds (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.

• Development Of Bio-Based and Biodegradable Plastic Compounds: The industry has been focusing on developing bio-based and biodegradable plastic compounds to meet the growing demand for sustainable and eco-friendly products. These compounds are made from renewable resources such as corn starch, sugarcane, and vegetable oils and can be easily decomposed by microorganisms, reducing the environmental impact of plastic waste.
• Use Of Nanotechnology In Plastic Compounds: The industry has been exploring the use of nanotechnology to enhance the properties of plastic compounds such as strength, durability, and thermal stability. Nanoparticles such as carbon nanotubes, graphene, and clay are added to the plastic matrix to improve its mechanical and thermal properties, making it suitable for high-performance applications.
• Development Of Flame-Retardant Plastic Compounds: The industry has been developing flame-retardant plastic compounds to meet the safety requirements of various end-use industries such as construction, electronics, and transportation. These compounds are designed to resist ignition, slow down the spread of fire, and emit less smoke and toxic gases, reducing the risk of fire hazards.
• Use Of Recycled Plastic In Compound Manufacturing: The industry has been promoting the use of recycled plastic in compound manufacturing to reduce the environmental impact of plastic waste. Recycled plastic is collected, sorted, and processed into pellets, which can be used as a raw material for compound manufacturing. This not only reduces the amount of plastic waste but also conserves natural resources and reduces energy consumption.
• Development Of Lightweight Plastic Compounds: The industry has been developing lightweight plastic compounds to meet the growing demand for fuel-efficient vehicles and reduce carbon emissions. These compounds are designed to have a low density, high strength, and good impact resistance, making them suitable for automotive and aerospace applications.