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NAICS Code 325998-19 Description (8-Digit)

Oils-Core (Manufacturing) is a subdivision of the NAICS Code 325998 that involves the manufacturing of oils and lubricants used in various industries. This industry is responsible for producing a range of oils and lubricants that are used in automotive, industrial, and commercial applications. The oils and lubricants produced by this industry are designed to reduce friction, protect against wear and tear, and extend the lifespan of machinery and equipment.

Hierarchy Navigation for NAICS Code 325998-19

Tools

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

  • Oil pumps
  • Oil filters
  • Lubrication systems
  • Oil analysis equipment
  • Oil dispensing equipment
  • Oil storage tanks
  • Oil skimmers
  • Oil mist collectors
  • Oil separators
  • Oil spill response equipment

Industry Examples of Oils-Core (Manufacturing)

Common products and services typical of NAICS Code 325998-19, illustrating the main business activities and contributions to the market.

  • Engine oils
  • Hydraulic oils
  • Gear oils
  • Transmission fluids
  • Compressor oils
  • Turbine oils
  • Metalworking fluids
  • Cutting oils
  • Quenching oils
  • Heat transfer fluids

Certifications, Compliance and Licenses for NAICS Code 325998-19 - Oils-Core (Manufacturing)

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

  • ISO 9001: 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).
  • OSHA Hazard Communication Standard: This standard requires employers to provide information to employees about hazardous chemicals in the workplace. It is provided by the Occupational Safety and Health Administration (OSHA).
  • EPA Spill Prevention, Control, and Countermeasure (SPCC) Plan: This plan is required for facilities that store, handle, or transport oil and oil products. It is provided by the Environmental Protection Agency (EPA).
  • DOT Hazardous Materials Transportation Certification: This certification is required for companies that transport hazardous materials. It is provided by the Department of Transportation (DOT).
  • NSF International Certification: This certification ensures that products meet public health and safety standards. It is provided by NSF International.

History

A concise historical narrative of NAICS Code 325998-19 covering global milestones and recent developments within the United States.

  • The Oils-Core (Manufacturing) industry has a long history dating back to ancient times when oils were used for medicinal and cosmetic purposes. In the 19th century, the industry saw significant growth with the discovery of petroleum and the development of new extraction and refining techniques. The industry continued to evolve in the 20th century with the introduction of synthetic oils and the development of new applications for oils in various industries. In recent years, the industry has seen a shift towards more sustainable and environmentally friendly products, with a focus on bio-based oils and renewable energy sources. In the United States, the industry has been impacted by various factors such as changes in consumer preferences, government regulations, and advancements in technology.

Future Outlook for Oils-Core (Manufacturing)

The anticipated future trajectory of the NAICS 325998-19 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 Oils-Core (Manufacturing) industry in the USA is positive. The industry is expected to grow due to the increasing demand for oils and lubricants in various sectors such as automotive, aerospace, and industrial machinery. The industry is also expected to benefit from the growing trend of using bio-based oils and lubricants, which are environmentally friendly and sustainable. Additionally, the increasing focus on research and development activities to improve the performance of oils and lubricants is expected to drive the growth of the industry. However, the industry may face challenges such as the volatility of raw material prices and the increasing competition from substitute products. Overall, the Oils-Core (Manufacturing) industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 325998-19

Recent groundbreaking advancements and milestones in the Oils-Core (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.

  • Development Of Bio-Based Lubricants: The industry has witnessed the development of bio-based lubricants, which are made from renewable sources such as vegetable oils and animal fats. These lubricants are environmentally friendly and sustainable, and they offer better performance than conventional lubricants.
  • Use Of Nanotechnology In Lubricants: The industry has also witnessed the use of nanotechnology in lubricants, which has led to the development of high-performance lubricants that offer better wear protection, reduced friction, and improved fuel efficiency.
  • Development Of Synthetic Lubricants: The industry has witnessed the development of synthetic lubricants, which offer better performance than conventional lubricants. Synthetic lubricants are made from chemical compounds and offer better wear protection, reduced friction, and improved fuel efficiency.
  • Use Of Iot In Lubrication Systems: The industry has witnessed the use of IoT in lubrication systems, which has led to the development of smart lubrication systems that can monitor the performance of lubricants in real-time and optimize lubrication schedules.
  • Development Of Lubricants for Electric Vehicles: The industry has witnessed the development of lubricants specifically designed for electric vehicles, which offer better performance and longer life than conventional lubricants. These lubricants are designed to withstand the high temperatures and pressures generated by electric vehicle components.

NAICS Code 325998-19 - Oils-Core (Manufacturing)

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