NAICS Code 331492-06 - Silver Recovery (Manufacturing)

Marketing Level - NAICS 8-Digit

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NAICS Code 331492-06 Description (8-Digit)

Silver Recovery (Manufacturing) is a subdivision of the NAICS Code 331492 that involves the process of extracting silver from various sources such as photographic film, X-ray film, and other industrial wastes. The recovered silver is then refined and sold to various industries for further use. This industry plays a crucial role in the recycling of silver and reducing the need for mining new silver.

Hierarchy Navigation for NAICS Code 331492-06

Tools

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

  • Silver recovery unit
  • Acidic fixer
  • Hypo eliminator
  • Silver recovery cartridge
  • Electrolytic silver recovery cell
  • Silver refining kit
  • Magnetic stirrer
  • PH meter
  • Chemical pumps
  • Silver testing kit

Industry Examples of Silver Recovery (Manufacturing)

Common products and services typical of NAICS Code 331492-06, illustrating the main business activities and contributions to the market.

  • Photographic film manufacturers
  • Medical equipment manufacturers
  • Jewelry manufacturers
  • Electronics manufacturers
  • Chemical manufacturers
  • Waste management companies
  • Recycling facilities
  • Mining companies
  • Research laboratories
  • Dental equipment manufacturers

Certifications, Compliance and Licenses for NAICS Code 331492-06 - Silver Recovery (Manufacturing)

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

  • EPA Hazardous Waste Generator: This certification is required for facilities that generate hazardous waste. It is issued by the Environmental Protection Agency (EPA) and ensures that the facility is properly handling, storing, and disposing of hazardous waste.
  • OSHA Hazard Communication Standard: This certification is required for facilities that handle hazardous chemicals. It is issued by the Occupational Safety and Health Administration (OSHA) and ensures that employees are properly trained on the hazards of the chemicals they work with.
  • ISO 14001: This certification is an international standard for environmental management systems. It ensures that the facility has a system in place to manage its environmental impact.
  • Responsible Recycling (R2): This certification is specific to the electronics recycling industry and ensures that the facility is properly handling and disposing of electronic waste.
  • National Emission Standards for Hazardous Air Pollutants (NESHAP): This regulation is issued by the EPA and sets emission standards for hazardous air pollutants. Facilities that emit hazardous air pollutants are required to comply with these standards.

History

A concise historical narrative of NAICS Code 331492-06 covering global milestones and recent developments within the United States.

  • The "Silver Recovery (Manufacturing)" industry has a long history dating back to the early 1900s when the demand for silver in the manufacturing of photographic films and papers was at its peak. The industry saw a significant decline in the 1980s due to the introduction of digital photography, which reduced the demand for silver in the photographic industry. However, the industry has since then adapted to the changing market conditions and has found new applications for silver in various industries such as electronics, medical, and jewelry. In recent years, the industry has seen a surge in demand for silver due to its use in solar panels and electric vehicles. The industry has also witnessed notable advancements in the recovery and refining processes, which have made the production of high-purity silver more efficient and cost-effective. In the United States, the "Silver Recovery (Manufacturing)" industry has been growing steadily in recent years due to the increasing demand for silver in various industries. The industry has also benefited from the growing awareness of the importance of recycling and sustainability, which has led to an increase in the recycling of silver from electronic waste and other sources. The industry has also seen significant investments in research and development, which have led to the development of new and innovative technologies for the recovery and refining of silver. Overall, the industry has a bright future ahead, with the increasing demand for silver in various industries and the growing focus on sustainability and recycling.

Future Outlook for Silver Recovery (Manufacturing)

The anticipated future trajectory of the NAICS 331492-06 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The silver recovery manufacturing industry in the USA is expected to grow in the coming years due to the increasing demand for silver in various applications such as electronics, jewelry, and medical equipment. The industry is also expected to benefit from the growing trend of recycling and reusing silver, which is a sustainable and cost-effective solution. The advancements in technology and the increasing focus on research and development are also expected to drive the growth of the industry. However, the industry may face challenges such as the fluctuating prices of silver and the increasing competition from other industries. Overall, the future outlook for the silver recovery manufacturing industry in the USA is positive, and it is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 331492-06

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

  • Development Of New Silver Recovery Techniques: The industry has witnessed the development of new techniques for recovering silver from various sources such as photographic waste, electronic waste, and industrial waste. These techniques are more efficient, cost-effective, and environmentally friendly than traditional methods.
  • Use Of Nanotechnology In Silver Recovery: The industry has started using nanotechnology to recover silver from various sources. Nanotechnology-based methods are more efficient and precise than traditional methods and can recover silver from even the smallest particles.
  • Introduction Of New Silver Alloys: The industry has introduced new silver alloys that have better properties than traditional silver alloys. These alloys are more durable, corrosion-resistant, and have better electrical conductivity, making them suitable for various applications such as electronics, medical equipment, and jewelry.
  • Growing Trend Of Silver Recycling: The industry has witnessed a growing trend of recycling and reusing silver, which is a sustainable and cost-effective solution. This trend is expected to continue in the coming years, driven by the increasing focus on sustainability and the circular economy.
  • Increasing Focus on Research and Development: The industry has increased its focus on research and development to develop new and innovative solutions for recovering silver. This focus is expected to drive the growth of the industry and lead to the development of new techniques and products.

NAICS Code 331492-06 - Silver Recovery (Manufacturing)

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