NAICS Code 423320-03 - Asphalt Products (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

32

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NAICS Code 423320-03 Description (8-Digit)

Asphalt Products (Wholesale) is a subdivision of the Brick, Stone, and Related Construction Material Merchant Wholesalers industry. This industry involves the wholesale distribution of asphalt and related products to businesses and contractors involved in the construction and maintenance of roads, highways, and other paved surfaces. Asphalt products can include asphalt cement, asphalt emulsions, cutback asphalt, and asphalt paving mixtures. Companies in this industry may also offer related services such as asphalt testing, consulting, and equipment rental.

Hierarchy Navigation for NAICS Code 423320-03

Tools

Tools commonly used in the Asphalt Products (Wholesale) industry for day-to-day tasks and operations.

  • Asphalt paver
  • Asphalt roller
  • Asphalt distributor
  • Asphalt tanker
  • Asphalt milling machine
  • Asphalt plant
  • Asphalt storage tank
  • Asphalt testing equipment
  • Asphalt saw
  • Asphalt rake
  • Asphalt sealcoating machine
  • Asphalt crack filler
  • Asphalt infrared heater
  • Asphalt melting kettle
  • Asphalt sprayer
  • Asphalt patching machine
  • Asphalt core drill
  • Asphalt compactor
  • Asphalt edger

Industry Examples of Asphalt Products (Wholesale)

Common products and services typical of NAICS Code 423320-03, illustrating the main business activities and contributions to the market.

  • Asphalt paving mixtures
  • Asphalt emulsions
  • Asphalt cement
  • Asphalt sealers
  • Asphalt crack fillers
  • Asphalt patching materials
  • Asphalt roofing materials
  • Asphalt additives
  • Asphalt testing equipment
  • Asphalt equipment rental

Certifications, Compliance and Licenses for NAICS Code 423320-03 - Asphalt Products (Wholesale)

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

  • National Asphalt Pavement Association (NAPA) Diamond Achievement Commendation: This certification is awarded to asphalt plants that meet or exceed the industry standards for environmental protection, safety, and community relations. The certification is provided by the National Asphalt Pavement Association (NAPA).
  • Asphalt Institute's Mix Design Technology Certification: This certification is provided by the Asphalt Institute and is awarded to individuals who have demonstrated proficiency in asphalt mix design technology.
  • National Center for Asphalt Technology (NCAT) Certification: This certification is provided by the National Center for Asphalt Technology (NCAT) and is awarded to individuals who have demonstrated proficiency in asphalt technology.
  • Occupational Safety and Health Administration (OSHA) 10-Hour Construction Safety Certification: This certification is provided by the Occupational Safety and Health Administration (OSHA) and is required for workers in the construction industry. The certification covers topics such as fall protection, electrical safety, and hazard communication.
  • Environmental Protection Agency (EPA) Stormwater Management Certification: This certification is provided by the Environmental Protection Agency (EPA) and is required for businesses that engage in activities that may impact stormwater runoff. The certification covers topics such as erosion and sediment control, spill prevention, and pollution prevention.

History

A concise historical narrative of NAICS Code 423320-03 covering global milestones and recent developments within the United States.

  • The Asphalt Products (Wholesale) industry has a long history dating back to the early 1800s when natural asphalt was first discovered in Trinidad. The first modern asphalt plant was built in 1870 in Pennsylvania, and by the early 1900s, asphalt had become the preferred material for road construction in the United States. In the 1920s, the development of the automobile industry led to a surge in demand for asphalt, and the industry continued to grow throughout the 20th century. In recent years, the industry has faced challenges due to the increasing popularity of alternative materials such as concrete and the rising cost of crude oil, which is a key component of asphalt. However, the industry has adapted by developing new technologies and products, such as warm-mix asphalt, which reduces the amount of energy required to produce asphalt and lowers greenhouse gas emissions. In the United States, the Asphalt Products (Wholesale) industry has experienced significant growth in recent years due to increased government spending on infrastructure projects and the growing demand for sustainable and environmentally friendly materials. In 2018, the industry generated over $10 billion in revenue and employed over 30,000 people. The industry has also benefited from advances in technology, such as the development of new additives and binders that improve the performance and durability of asphalt. However, the industry faces challenges such as the increasing cost of raw materials and the need to comply with environmental regulations. Despite these challenges, the industry is expected to continue to grow in the coming years due to the ongoing need for infrastructure improvements and the increasing demand for sustainable and eco-friendly materials.

Future Outlook for Asphalt Products (Wholesale)

The anticipated future trajectory of the NAICS 423320-03 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 Asphalt Products (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for asphalt products in the construction industry. The growth in the construction industry, particularly in the residential and commercial sectors, is expected to drive the demand for asphalt products. Additionally, the increasing focus on infrastructure development and maintenance is expected to boost the demand for asphalt products. The industry is also expected to benefit from the increasing use of recycled asphalt products, which is expected to reduce the cost of production and increase the sustainability of the industry.

Industry Innovations for NAICS Code 423320-03

Recent groundbreaking advancements and milestones in the Asphalt Products (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Development Of Warm-Mix Asphalt: Warm-mix asphalt is a type of asphalt that is produced at lower temperatures than traditional hot-mix asphalt. This technology reduces the energy required to produce asphalt and reduces greenhouse gas emissions.
  • Use Of Reclaimed Asphalt Pavement (RAP): RAP is a recycled material that is produced by grinding up old asphalt pavement. The use of RAP reduces the need for virgin asphalt and reduces the cost of production.
  • Development Of Porous Asphalt: Porous asphalt is a type of asphalt that allows water to drain through it, reducing the risk of flooding and improving water quality.
  • Use Of Recycled Tire Rubber In Asphalt: Recycled tire rubber can be added to asphalt to improve its durability and reduce noise pollution.
  • Development Of Self-Healing Asphalt: Self-healing asphalt is a type of asphalt that can repair cracks and other damage on its own, reducing the need for maintenance and repair.
  • Use Of Warm-Mix Asphalt Additives: Warm-mix asphalt additives can be added to traditional hot-mix asphalt to reduce the temperature required for production, reducing energy consumption and greenhouse gas emissions.
  • Development Of High-Modulus Asphalt: High-modulus asphalt is a type of asphalt that is more resistant to deformation and cracking, improving the durability of asphalt pavements.
  • Use Of Asphalt Emulsions: Asphalt emulsions are a type of asphalt that is mixed with water and an emulsifying agent, reducing the need for heating during production and reducing energy consumption.
  • Development Of Asphalt Mix Designs: New asphalt mix designs are being developed to improve the performance and durability of asphalt pavements.
  • Use Of Warm-Mix Asphalt Technologies: Various warm-mix asphalt technologies are being developed to reduce the temperature required for production, reducing energy consumption and greenhouse gas emissions.

NAICS Code 423320-03 - Asphalt Products (Wholesale)

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