NAICS Code 423840-64 - Tapes-Adhesive (Wholesale)
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NAICS Code 423840-64 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423840-64
Parent Code (less specific)
Tools
Tools commonly used in the Tapes-Adhesive (Wholesale) industry for day-to-day tasks and operations.
- Tape dispensers
- Cutting machines
- Label printers
- Adhesive applicators
- Tape measures
- Scissors
- Utility knives
- Heat guns
- Roll handlers
- Tape guns
Industry Examples of Tapes-Adhesive (Wholesale)
Common products and services typical of NAICS Code 423840-64, illustrating the main business activities and contributions to the market.
- Packaging companies
- Construction companies
- Automotive manufacturers
- Electrical contractors
- Aerospace industry
- Medical equipment manufacturers
- Furniture manufacturers
- Marine industry
- Sports equipment manufacturers
- Textile industry
Certifications, Compliance and Licenses for NAICS Code 423840-64 - Tapes-Adhesive (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Hazardous Materials Endorsement (HME): Required for drivers who transport hazardous materials. Issued by the Transportation Security Administration (TSA).
- Occupational Safety and Health Administration (OSHA) Certification: Required for workers who handle hazardous materials. Issued by OSHA.
- International Organization for Standardization (ISO) 9001:2015 Certification: Quality management system certification that ensures consistent quality of products and services. Issued by ISO.
- National Association Of Chemical Distributors (NACD) Responsible Distribution Certification: Ensures the safe storage, handling, and transportation of chemical products. Issued by NACD.
- American National Standards Institute (ANSI) Accreditation: Ensures that products meet safety and quality standards. Issued by ANSI.
History
A concise historical narrative of NAICS Code 423840-64 covering global milestones and recent developments within the United States.
- The history of the Tapes-Adhesive (Wholesale) industry dates back to the early 20th century when the first adhesive tape was invented by Richard Drew, a 3M engineer. The tape was initially used to seal cellophane wrap around cigarette packs, but its use expanded to other industries, including automotive, construction, and packaging. In the 1930s, the first masking tape was introduced, followed by duct tape in the 1940s, which became popular during World War II. The industry continued to grow in the following decades, with the introduction of new types of tapes, such as double-sided, electrical, and medical tapes. In recent years, the industry has seen significant advancements in adhesive technology, including the development of eco-friendly and biodegradable adhesives, as well as the use of nanotechnology to improve tape performance. In the United States, the Tapes-Adhesive (Wholesale) industry has experienced steady growth in the past decade, driven by the increasing demand for adhesive tapes in various sectors, such as construction, automotive, and healthcare. The industry has also benefited from the development of new applications for tapes, such as wearable medical devices and flexible electronics. The COVID-19 pandemic has further boosted the demand for adhesive tapes, particularly for medical and packaging purposes. Overall, the industry has a positive outlook, with the potential for further growth in the coming years.
Future Outlook for Tapes-Adhesive (Wholesale)
The anticipated future trajectory of the NAICS 423840-64 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the Tapes-Adhesive (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for adhesive tapes in various industries such as automotive, construction, and packaging. The growth of e-commerce and the rise in online sales channels are also expected to drive the demand for adhesive tapes. The industry is also expected to benefit from the increasing use of adhesive tapes in the medical and healthcare sector. However, the industry may face challenges due to the volatility of raw material prices and the increasing competition from low-cost imports. Overall, the industry is expected to grow steadily in the coming years.
Industry Innovations for NAICS Code 423840-64
Recent groundbreaking advancements and milestones in the Tapes-Adhesive (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- 3M introduced a new line of adhesive tapes that can be used in extreme temperatures and harsh environments.
- Avery Dennison launched a new range of adhesive tapes that are eco-friendly and can be recycled.
- Shurtape Technologies introduced a new line of adhesive tapes that are designed for use in the HVAC industry.
- Intertape Polymer Group launched a new line of adhesive tapes that are designed for use in the automotive industry.
- Berry Global Group introduced a new line of adhesive tapes that are designed for use in the medical and healthcare sector.
NAICS Code 423840-64 - Tapes-Adhesive (Wholesale)
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