NAICS Code 325998-17 - Oil Additives (Manufacturing)
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NAICS Code 325998-17 Description (8-Digit)
Hierarchy Navigation for NAICS Code 325998-17
Parent Code (less specific)
Tools
Tools commonly used in the Oil Additives (Manufacturing) industry for day-to-day tasks and operations.
- Reactors
- Mixers
- Centrifuges
- Filters
- Distillation columns
- Heat exchangers
- Pumps
- Storage tanks
- Analytical instruments (e.g. gas chromatographs, spectrometers)
- Packaging equipment
Industry Examples of Oil Additives (Manufacturing)
Common products and services typical of NAICS Code 325998-17, illustrating the main business activities and contributions to the market.
- Friction modifiers
- Viscosity improvers
- Pour point depressants
- Anti-wear agents
- Corrosion inhibitors
- Detergents
- Dispersants
- Anti-foaming agents
- Extreme pressure additives
- Rust inhibitors
Certifications, Compliance and Licenses for NAICS Code 325998-17 - Oil Additives (Manufacturing)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- API Certification: The American Petroleum Institute (API) provides certification for oil additives that meet their standards for quality, performance, and environmental impact. This certification is recognized globally and is required by many companies in the oil and gas industry.
- ISO 9001:2015: This certification is a quality management system standard that ensures that a company's products and services meet customer and regulatory requirements. It is recognized globally and is required by many companies in the oil and gas industry.
- OSHA Hazard Communication Standard: This standard requires that all hazardous chemicals used in the workplace are properly labeled and that employees are trained on the hazards associated with those chemicals. It is required by law in the US and is relevant to the oil additives manufacturing industry.
- EPA Toxic Substances Control Act (TSCA) Certification: This certification is required for companies that manufacture, import, or process chemicals in the US. It ensures that the chemicals are safe for human health and the environment.
- REACH Compliance: This regulation is a European Union (EU) regulation that requires companies to register, evaluate, and authorize the use of chemicals in the EU. It is relevant to the oil additives manufacturing industry because many companies in this industry export their products to the EU.
History
A concise historical narrative of NAICS Code 325998-17 covering global milestones and recent developments within the United States.
- The "Oil Additives (Manufacturing)" industry has a long history dating back to the early 1900s when the first oil additives were developed to improve the performance of lubricants. In the 1920s, the industry saw significant growth with the introduction of new additives such as detergents, dispersants, and viscosity improvers. During World War II, the industry experienced a boom as demand for lubricants and fuel additives increased. In the 1960s, the industry saw the introduction of synthetic lubricants, which further expanded the market. In recent years, the industry has focused on developing environmentally friendly additives and improving the performance of existing products. In the United States, the industry has seen steady growth over the past decade, driven by increasing demand for fuel-efficient vehicles and the growing use of synthetic lubricants in various industries.
Future Outlook for Oil Additives (Manufacturing)
The anticipated future trajectory of the NAICS 325998-17 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the Oil Additives (Manufacturing) industry in the USA is positive. The industry is expected to grow due to the increasing demand for fuel-efficient vehicles and the need for high-performance lubricants. The growing demand for industrial lubricants in the manufacturing sector is also expected to drive the growth of the industry. The industry is also expected to benefit from the increasing demand for bio-based lubricants and the development of new and innovative products. However, the industry may face challenges due to the increasing competition from substitutes and the volatility of raw material prices.
Industry Innovations for NAICS Code 325998-17
Recent groundbreaking advancements and milestones in the Oil Additives (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.
- Development Of New Bio-Based Lubricants: The industry has witnessed the development of new bio-based lubricants that are environmentally friendly and offer superior performance compared to traditional lubricants.
- Introduction Of New Fuel Additives: The industry has introduced new fuel additives that improve fuel efficiency and reduce emissions.
- Development Of New Synthetic Lubricants: The industry has witnessed the development of new synthetic lubricants that offer superior performance and longer service life compared to traditional lubricants.
- Introduction Of New Friction Modifiers: The industry has introduced new friction modifiers that reduce friction and wear in engines and other mechanical systems.
- Development Of New Anti-Wear Additives: The industry has witnessed the development of new anti-wear additives that protect engines and other mechanical systems from wear and damage.
NAICS Code 325998-17 - Oil Additives (Manufacturing)
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