NAICS Code 325991-01 - Custom Compounding-Purchased Resin (Manufacturing)

Marketing Level - NAICS 8-Digit

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Total Companies

37

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NAICS Code 325991-01 Description (8-Digit)

Custom compounding of purchased resins manufacturing involves the process of combining and modifying purchased resins to create a unique product that meets the specific needs of a customer. This industry serves a wide range of sectors, including automotive, construction, electronics, and medical. The process of custom compounding involves blending, mixing, and modifying resins to create a product with specific properties such as color, strength, and durability. The final product is then sold to manufacturers who use it to produce a wide range of products.

Hierarchy Navigation for NAICS Code 325991-01

Tools

Tools commonly used in the Custom Compounding-Purchased Resin (Manufacturing) industry for day-to-day tasks and operations.

  • Extruders
  • Mixers
  • Blenders
  • Pelletizers
  • Grinders
  • Reactors
  • Dryers
  • Conveyors
  • Scales
  • Molding machines
  • Analytical equipment
  • Temperature controllers
  • Pressure controllers
  • Vacuum pumps
  • Filters
  • Hoppers
  • Agitators
  • Choppers
  • Homogenizers

Industry Examples of Custom Compounding-Purchased Resin (Manufacturing)

Common products and services typical of NAICS Code 325991-01, illustrating the main business activities and contributions to the market.

  • Automotive parts
  • Electrical components
  • Medical devices
  • Construction materials
  • Consumer goods
  • Packaging materials
  • Adhesives
  • Coatings
  • Sealants
  • Films

Certifications, Compliance and Licenses for NAICS Code 325991-01 - Custom Compounding-Purchased Resin (Manufacturing)

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 any substance that is intended to be used in contact with food. It is provided by the Food and Drug Administration (FDA).

History

A concise historical narrative of NAICS Code 325991-01 covering global milestones and recent developments within the United States.

  • The custom compounding-purchased resin manufacturing industry has a long history dating back to the early 20th century. The industry has seen significant advancements in the development of new resins and compounding techniques. In the 1930s, the first synthetic resins were developed, which led to the creation of new types of plastics. In the 1950s, the industry saw the introduction of thermoplastics, which revolutionized the industry. In the 1970s, the industry saw the development of new compounding techniques, which allowed for the creation of more complex and specialized resins. In recent history, the custom compounding-purchased resin manufacturing industry in the United States has seen significant growth due to the increasing demand for specialized resins in various industries. The industry has also seen advancements in technology, which have led to the development of new and more efficient compounding techniques. In the 21st century, the industry has seen a shift towards more sustainable and environmentally friendly practices, with many companies investing in research and development to create biodegradable resins. Overall, the industry has a rich history of innovation and growth, and it continues to evolve and adapt to meet the changing needs of various industries.

Future Outlook for Custom Compounding-Purchased Resin (Manufacturing)

The anticipated future trajectory of the NAICS 325991-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Custom Compounding-Purchased Resin (Manufacturing) industry in the USA is positive. The industry is expected to grow due to the increasing demand for customized resins in various end-use industries such as automotive, construction, and packaging. The growing trend of lightweight and fuel-efficient vehicles is expected to drive the demand for customized resins in the automotive industry. Additionally, the increasing demand for sustainable and eco-friendly packaging solutions is expected to boost the demand for customized resins in the packaging industry. The industry is also expected to benefit from the advancements in technology and the development of new and innovative products. However, the industry may face challenges such as the volatility of raw material prices and the increasing competition from substitute products.

Industry Innovations for NAICS Code 325991-01

Recent groundbreaking advancements and milestones in the Custom Compounding-Purchased Resin (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.

  • Polyone Launched a New Line Of Resound™ R Recycled-Content Engineered Thermoplastic Compounds That Are Designed to Replace Virgin Materials In Automotive and Other Applications: The new line of reSound™ R recycled-content engineered thermoplastic compounds is made from recycled polypropylene and is designed to replace virgin materials in automotive and other applications. The new line of compounds offers a sustainable solution for customers looking to reduce their environmental footprint while maintaining performance and quality.
  • Teknor Apex Launched a New Line Of Thermoplastic Elastomers (Tpes) for Automotive Interior Components: The new line of TPEs is designed to meet the growing demand for soft-touch surfaces in automotive interior components. The new TPEs offer excellent haptics, scratch resistance, and durability, making them ideal for use in armrests, instrument panels, and other interior components.
  • RTP Company Introduced a New Line Of Thermoplastic Compounds for 3D Printing: The new line of thermoplastic compounds is designed to meet the growing demand for 3D printing materials that offer high performance and durability. The new compounds are available in a wide range of colors and can be customized to meet specific customer requirements.
  • BASF Launched a New Line Of Polyamide 6 (PA6) Compounds for the Automotive Industry: The new line of PA6 compounds is designed to meet the growing demand for lightweight and high-performance materials in the automotive industry. The new compounds offer excellent mechanical properties, high heat resistance, and good processability, making them ideal for use in structural and under-the-hood applications.
  • Covestro Developed a New Line Of Polycarbonate (PC) Films for the Automotive Industry: The new line of PC films is designed to meet the growing demand for lightweight and high-performance materials in the automotive industry. The new films offer excellent optical clarity, high impact resistance, and good processability, making them ideal for use in head-up displays, instrument clusters, and other automotive applications.

NAICS Code 325991-01 - Custom Compounding-Purchased Resin (Manufacturing)

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