NAICS Code 423720-25 - Pipe-Used (Wholesale)
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NAICS Code 423720-25 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423720-25
Parent Code (less specific)
Tools
Tools commonly used in the Pipe-Used (Wholesale) industry for day-to-day tasks and operations.
- Pipe cutters
- Pipe wrenches
- Pipe benders
- Flaring tools
- Deburring tools
- Pipe reamers
- Pipe threaders
- Pipe vises
- Pipe hangers
- Pipe insulation
Industry Examples of Pipe-Used (Wholesale)
Common products and services typical of NAICS Code 423720-25, illustrating the main business activities and contributions to the market.
- Oil and gas companies
- Construction companies
- Plumbing contractors
- HVAC contractors
- Municipalities
- Irrigation companies
- Manufacturing plants
- Mining companies
- Waste management companies
- Power generation plants
Certifications, Compliance and Licenses for NAICS Code 423720-25 - Pipe-Used (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- NSF/ANSI 61: Certification for products that come into contact with drinking water. This certification ensures that the products meet the safety and health standards set by the US Environmental Protection Agency (EPA) and the American National Standards Institute (ANSI). Provided by NSF International.
- ASTM International Standards: ASTM International develops and publishes technical standards for a wide range of materials, products, systems, and services. ASTM standards are used by industries worldwide to improve product quality, enhance safety, facilitate market access and trade, and build consumer confidence. Provided by ASTM International.
- ASME Boiler and Pressure Vessel Code: A standard that regulates the design, construction, inspection, and testing of boilers and pressure vessels. Provided by the American Society of Mechanical Engineers (ASME).
- UL Standards: UL Standards are safety standards that are used to evaluate and certify products for safety and performance. UL Standards cover a wide range of products, including pipes and fittings. Provided by Underwriters Laboratories (UL).
- ANSI/ASME B16 Standards: A set of standards that cover the design, construction, and testing of pipe flanges and fittings. Provided by the American National Standards Institute (ANSI) and the American Society of Mechanical Engineers (ASME).
History
A concise historical narrative of NAICS Code 423720-25 covering global milestones and recent developments within the United States.
- The "Pipe-Used (Wholesale)" industry has a long history dating back to the early 20th century when the use of steel pipes became widespread in the construction industry. The industry grew rapidly during the post-World War II period, as the demand for steel pipes increased due to the construction of highways, bridges, and buildings. In the 1970s, the industry experienced a significant shift towards plastic pipes, which were cheaper and easier to install. In recent years, the industry has seen a growing demand for used pipes due to their cost-effectiveness and environmental benefits. In the United States, the industry has been impacted by the shale gas revolution, which has led to an increase in demand for pipes used in the oil and gas industry. The industry has also been affected by the COVID-19 pandemic, which has led to a decline in demand for pipes used in the construction industry.
Future Outlook for Pipe-Used (Wholesale)
The anticipated future trajectory of the NAICS 423720-25 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 Pipe-Used (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for used pipes in various applications such as construction, oil and gas, and water treatment. The growth of the construction industry and the increasing demand for oil and gas pipelines are expected to drive the demand for used pipes. Additionally, the increasing focus on sustainability and the circular economy is expected to boost the demand for used pipes as they are a more environmentally friendly option. However, the industry may face challenges such as the availability of raw materials and the competition from new and innovative materials. Overall, the industry is expected to grow steadily in the coming years.
Industry Innovations for NAICS Code 423720-25
Recent groundbreaking advancements and milestones in the Pipe-Used (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Increased Use Of Technology: The Pipe-Used (Wholesale) industry is increasingly using technology to improve efficiency and reduce costs. For example, companies are using software to track inventory and manage orders, which helps to reduce waste and improve customer service.
- Expansion Of Product Offerings: Some companies in the industry are expanding their product offerings to include other types of used equipment such as valves and fittings. This allows them to offer a more comprehensive range of products to their customers.
- Focus on Sustainability: Many companies in the industry are focusing on sustainability by promoting the reuse of materials and reducing waste. For example, some companies are offering pipe cleaning and refurbishing services to extend the life of used pipes.
- Collaboration with Other Industries: The Pipe-Used (Wholesale) industry is collaborating with other industries such as construction and oil and gas to develop new applications for used pipes. For example, used pipes can be used in geothermal heating and cooling systems, which are becoming increasingly popular.
- Investment In Infrastructure: The US government is investing in infrastructure projects such as roads, bridges, and pipelines, which is expected to increase the demand for used pipes. This presents an opportunity for companies in the Pipe-Used (Wholesale) industry to expand their business and increase their market share.
NAICS Code 423720-25 - Pipe-Used (Wholesale)
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