NAICS Code 423510-27 - Non-Ferrous Metals (Wholesale)

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NAICS Code 423510-27 Description (8-Digit)

The Non-Ferrous Metals (Wholesale) industry involves the wholesale distribution of non-ferrous metals, which are metals that do not contain iron. These metals are often used in a variety of industries, including construction, automotive, aerospace, and electronics. Non-ferrous metals are valued for their strength, durability, and resistance to corrosion, making them ideal for a range of applications.

Hierarchy Navigation for NAICS Code 423510-27

Tools

Tools commonly used in the Non-Ferrous Metals (Wholesale) industry for day-to-day tasks and operations.

  • Metal shears
  • Metal benders
  • Metal stamping machines
  • Metal rolling machines
  • Metal cutting saws
  • Metal polishing machines
  • Metal grinding machines
  • Metal drilling machines
  • Metal welding equipment
  • Metal casting equipment
  • Metal extrusion machines
  • Metal forging equipment
  • Metal heat treatment equipment
  • Metal surface treatment equipment
  • Metal testing equipment

Industry Examples of Non-Ferrous Metals (Wholesale)

Common products and services typical of NAICS Code 423510-27, illustrating the main business activities and contributions to the market.

  • Copper tubing
  • Brass fittings
  • Aluminum sheets
  • Zinc ingots
  • Nickel alloys
  • Titanium bars
  • Magnesium plates
  • Lead pipes
  • Tin sheets
  • Gold wire

Certifications, Compliance and Licenses for NAICS Code 423510-27 - Non-Ferrous Metals (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).
  • OSHA 30-Hour General Industry Training: This certification is required for workers in the non-ferrous metals industry to ensure they have the necessary knowledge and skills to work safely. It is provided by the Occupational Safety and Health Administration (OSHA).
  • EPA Hazardous Waste Generator: This certification is required for companies that generate hazardous waste. It is provided by the Environmental Protection Agency (EPA).
  • DOT Hazardous Materials Transportation: This certification is required for companies that transport hazardous materials. It is provided by the Department of Transportation (DOT).
  • Conflict Minerals Reporting: This certification is required for companies that use conflict minerals in their products. It is provided by the Securities and Exchange Commission (SEC).

History

A concise historical narrative of NAICS Code 423510-27 covering global milestones and recent developments within the United States.

  • The Non-Ferrous Metals (Wholesale) industry has a long and rich history worldwide. The use of non-ferrous metals dates back to ancient times, with copper being one of the first metals to be used by humans. The Bronze Age, which began around 3000 BCE, was characterized by the widespread use of copper and bronze. In the 19th century, the discovery of aluminum and its subsequent commercial production revolutionized the industry. The use of non-ferrous metals continued to grow throughout the 20th century, with the development of new alloys and the increasing demand for lightweight and corrosion-resistant materials. In the United States, the industry has seen significant growth since the mid-20th century, driven by the increasing demand for non-ferrous metals in various industries, including construction, automotive, and aerospace. Notable advancements in the industry include the development of new alloys, the use of recycled materials, and the adoption of new technologies for processing and fabrication.

Future Outlook for Non-Ferrous Metals (Wholesale)

The anticipated future trajectory of the NAICS 423510-27 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 Non-Ferrous Metals (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for non-ferrous metals in various end-use industries such as construction, automotive, and aerospace. The growth in the construction industry, particularly in the residential and commercial sectors, is expected to drive the demand for non-ferrous metals such as aluminum and copper. Additionally, the increasing demand for lightweight and fuel-efficient vehicles is expected to drive the demand for non-ferrous metals in the automotive industry. The industry is also expected to benefit from the increasing demand for renewable energy sources such as wind and solar power, which require non-ferrous metals for their production. However, the industry may face challenges such as fluctuating prices of non-ferrous metals and the increasing competition from low-cost imports.

Industry Innovations for NAICS Code 423510-27

Recent groundbreaking advancements and milestones in the Non-Ferrous Metals (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • The use of blockchain technology to track the supply chain of non-ferrous metals, ensuring transparency and traceability of the materials.
  • The development of new alloys of non-ferrous metals with improved properties such as strength, durability, and corrosion resistance.
  • The use of artificial intelligence and machine learning to optimize the production and distribution of non-ferrous metals, reducing costs and improving efficiency.
  • The adoption of sustainable practices in the production and distribution of non-ferrous metals, such as the use of renewable energy sources and the reduction of waste and emissions.
  • The development of new applications for non-ferrous metals in emerging industries such as electric vehicles, renewable energy, and 3D printing.

NAICS Code 423510-27 - Non-Ferrous Metals (Wholesale)

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