NAICS Code 423840-50 - Plastics-High Pressure Laminates (Wholesale)

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NAICS Code 423840-50 Description (8-Digit)

Plastics-High Pressure Laminates (Wholesale) is a subdivision of the Industrial Supplies Merchant Wholesalers industry that involves the distribution of high-pressure laminates made from plastic materials. These laminates are commonly used in the construction industry for decorative and functional purposes, such as countertops, wall panels, and furniture surfaces. The industry also supplies plastic sheets and rods that are used in various applications, including signage, displays, and machine parts.

Hierarchy Navigation for NAICS Code 423840-50

Tools

Tools commonly used in the Plastics-High Pressure Laminates (Wholesale) industry for day-to-day tasks and operations.

  • Laminate cutters
  • Edge trimmers
  • Heat guns
  • Adhesive spreaders
  • Router bits
  • Hole saws
  • Clamps
  • Sanding blocks
  • Jigsaws
  • Circular saws
  • Drill bits
  • Trowels
  • Rollers
  • Squeegees
  • Measuring tapes
  • Levels
  • Squares
  • Utility knives
  • Safety glasses
  • Respirators

Industry Examples of Plastics-High Pressure Laminates (Wholesale)

Common products and services typical of NAICS Code 423840-50, illustrating the main business activities and contributions to the market.

  • Plastic countertops
  • Laminate flooring
  • Plastic wall panels
  • Plastic furniture surfaces
  • Plastic sheets
  • Plastic rods
  • Signage materials
  • Display materials
  • Machine parts

Certifications, Compliance and Licenses for NAICS Code 423840-50 - Plastics-High Pressure Laminates (Wholesale)

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

  • ISO 9001: Quality management system certification that ensures the company meets customer and regulatory requirements. Provided by the International Organization for Standardization (ISO).
  • NSF/ANSI 51: Certification for food equipment materials, including plastics, that ensures they are safe for use in food processing and handling. Provided by NSF International.
  • UL 94: Certification for flammability of plastic materials for parts in devices and appliances. Provided by Underwriters Laboratories (UL).
  • Rohs: Certification for compliance with the Restriction of Hazardous Substances Directive, which restricts the use of certain hazardous materials in electrical and electronic equipment. Provided by the European Union.
  • REACH: Certification for compliance with the Registration, Evaluation, Authorization and Restriction of Chemicals regulation, which regulates the use of chemicals in the European Union. Relevant for companies that export to the EU. Provided by the European Chemicals Agency.

History

A concise historical narrative of NAICS Code 423840-50 covering global milestones and recent developments within the United States.

  • The "Plastics-High Pressure Laminates (Wholesale)" industry has a long history dating back to the early 1900s when the first laminates were developed. The industry has since grown and evolved, with notable advancements such as the development of high-pressure laminates in the 1950s and the introduction of new materials and manufacturing techniques in the 21st century. In the United States, the industry has seen significant growth in recent years, driven by increasing demand from the construction and automotive sectors. For example, in 2019, the US high-pressure laminates market was valued at $2.2 billion, with a projected CAGR of 4.5% from 2020 to 2027.

Future Outlook for Plastics-High Pressure Laminates (Wholesale)

The anticipated future trajectory of the NAICS 423840-50 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 Plastics-High Pressure Laminates (Wholesale) industry in the USA is positive. The industry is expected to experience steady growth in the coming years due to the increasing demand for high-pressure laminates in various applications such as furniture, flooring, and wall panels. The growth of the construction industry and the increasing demand for eco-friendly and sustainable materials are also expected to drive the growth of the industry. Additionally, the industry is expected to benefit from the increasing adoption of digital printing technology, which allows for the production of high-quality laminates with intricate designs and patterns. However, the industry may face challenges such as rising raw material costs and increasing competition from alternative materials such as engineered wood and vinyl. Overall, the Plastics-High Pressure Laminates (Wholesale) industry is expected to continue to grow and evolve in response to changing market demands and technological advancements.

Industry Innovations for NAICS Code 423840-50

Recent groundbreaking advancements and milestones in the Plastics-High Pressure Laminates (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Introduction Of Eco-Friendly High-Pressure Laminates Made from Recycled Materials: These laminates are gaining popularity due to their sustainability and environmental benefits.
  • Development Of High-Pressure Laminates with Improved Fire Resistance: These laminates are being increasingly used in public buildings and other high-risk areas where fire safety is a concern.
  • Increasing Use Of Digital Printing Technology to Produce High-Quality Laminates with Intricate Designs and Patterns: This technology allows for the production of customized laminates that meet the specific needs of customers.
  • Growing Adoption Of High-Pressure Laminates In the Healthcare Industry: These laminates are being used in hospitals and other healthcare facilities due to their durability, ease of maintenance, and resistance to bacteria and other pathogens.
  • Rising Demand for High-Pressure Laminates In the Transportation Industry: These laminates are being used in the interiors of cars, buses, and trains due to their durability, resistance to wear and tear, and ease of maintenance.

NAICS Code 423840-50 - Plastics-High Pressure Laminates (Wholesale)

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