NAICS Code 423510-06 - Castings-Investment (Wholesale)
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NAICS Code 423510-06 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423510-06
Parent Code (less specific)
Tools
Tools commonly used in the Castings-Investment (Wholesale) industry for day-to-day tasks and operations.
- Wax patterns
- Ceramic shells
- Furnaces
- Pouring cups
- Ladles
- Crucibles
- Molds
- Sandblasting equipment
- Grinding wheels
- Cutting tools
Industry Examples of Castings-Investment (Wholesale)
Common products and services typical of NAICS Code 423510-06, illustrating the main business activities and contributions to the market.
- Aerospace components
- Automotive parts
- Medical implants
- Industrial machinery components
- Pump parts
- Valve components
- Marine hardware
- Architectural hardware
- Jewelry components
- Musical instrument parts
Certifications, Compliance and Licenses for NAICS Code 423510-06 - Castings-Investment (Wholesale)
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).
- AS9100: This certification is specific to the aerospace industry and ensures that the company has a quality management system in place that meets aerospace industry standards. It is provided by the International Aerospace Quality Group (IAQG).
- NADCAP: This certification is specific to the aerospace industry and ensures that the company meets industry standards for special processes such as heat treating, welding, and non-destructive testing. It is provided by the Performance Review Institute (PRI).
- ITAR: This certification is required for companies that deal with defense-related articles and services. It ensures that the company is compliant with the International Traffic in Arms Regulations (ITAR) set by the US Department of State.
- Rohs: This certification ensures that the company's products are compliant with the Restriction of Hazardous Substances Directive (RoHS) set by the European Union. It restricts the use of certain hazardous materials in the manufacturing of electronic and electrical equipment.
History
A concise historical narrative of NAICS Code 423510-06 covering global milestones and recent developments within the United States.
- The "Castings-Investment (Wholesale)" industry has a long history dating back to ancient times when metal casting was used to create weapons and tools. The investment casting process, which is the primary method used in this industry, was first developed in the early 20th century and was used to create parts for the aviation industry during World War II. In recent years, the industry has seen advancements in technology, such as the use of 3D printing to create molds, which has increased efficiency and reduced costs. In the United States, the industry has been impacted by global competition and fluctuations in demand from key markets such as the aerospace and defense industries.
Future Outlook for Castings-Investment (Wholesale)
The anticipated future trajectory of the NAICS 423510-06 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Castings-Investment (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for investment castings in various end-use industries such as aerospace, automotive, and healthcare. The growing demand for lightweight and fuel-efficient vehicles is expected to drive the demand for investment castings in the automotive industry. Additionally, the increasing demand for medical implants and devices is expected to boost the demand for investment castings in the healthcare industry. The industry is also expected to benefit from the increasing adoption of 3D printing technology, which is expected to reduce the lead time and cost of producing investment castings. However, the industry may face challenges such as the volatility of raw material prices and the increasing competition from low-cost countries.
Industry Innovations for NAICS Code 423510-06
Recent groundbreaking advancements and milestones in the Castings-Investment (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Investment Casting Using 3D Printing Technology: Investment casting using 3D printing technology is an innovative process that allows for the production of complex and intricate parts with high accuracy and precision. This process involves the use of a 3D printer to create a wax pattern, which is then used to create a ceramic mold for casting. This process reduces the lead time and cost of producing investment castings.
- Use Of Simulation Software: The use of simulation software in investment casting allows for the optimization of the casting process and the reduction of defects. This software simulates the casting process and predicts the flow of molten metal, which helps in identifying potential defects and optimizing the process parameters.
- Development Of New Alloys: The development of new alloys with improved properties such as strength, corrosion resistance, and thermal stability is an ongoing trend in the investment casting industry. These alloys are being developed to meet the increasing demand for high-performance parts in various end-use industries.
- Automation Of the Casting Process: The automation of the casting process using robots and other automated equipment is an ongoing trend in the investment casting industry. This automation reduces the lead time and cost of producing investment castings and improves the quality and consistency of the parts produced.
- Use Of Additive Manufacturing: The use of additive manufacturing in investment casting is an emerging trend that allows for the production of complex and intricate parts with high accuracy and precision. This process involves the use of a 3D printer to create a wax pattern, which is then used to create a ceramic mold for casting. This process reduces the lead time and cost of producing investment castings.
NAICS Code 423510-06 - Castings-Investment (Wholesale)
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