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NAICS Code 423860-14 Description (8-Digit)

Tanks-Metal (Wholesale) is a subdivision of the NAICS Code 423860 that involves the wholesale distribution of metal tanks used for transportation, storage, and processing of liquids and gases. This industry includes the wholesale distribution of tanks made of various metals such as steel, aluminum, and copper. The tanks can be of different shapes and sizes, and can be used for a variety of purposes such as holding fuel, chemicals, water, and other liquids.

Hierarchy Navigation for NAICS Code 423860-14

Tools

Tools commonly used in the Tanks-Metal (Wholesale) industry for day-to-day tasks and operations.

  • Welding machines
  • Plasma cutters
  • Metal shears
  • Metal brakes
  • Metal rollers
  • Metal saws
  • Drill presses
  • Grinders
  • Sandblasters
  • Paint sprayers

Industry Examples of Tanks-Metal (Wholesale)

Common products and services typical of NAICS Code 423860-14, illustrating the main business activities and contributions to the market.

  • Steel fuel tanks
  • Aluminum chemical tanks
  • Copper water tanks
  • Stainless steel processing tanks
  • Galvanized steel storage tanks
  • Metal pressure vessels
  • Metal silos
  • Metal barrels
  • Metal drums
  • Metal containers

Certifications, Compliance and Licenses for NAICS Code 423860-14 - Tanks-Metal (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).
  • ASME Boiler and Pressure Vessel Code: This certification is required for companies that manufacture pressure vessels and boilers. It is provided by the American Society of Mechanical Engineers (ASME).
  • API 650: This certification is required for companies that manufacture welded steel tanks for oil storage. It is provided by the American Petroleum Institute (API).
  • UL 142: This certification is required for companies that manufacture aboveground steel tanks for flammable and combustible liquids. It is provided by Underwriters Laboratories (UL).
  • OSHA Hazard Communication Standard: This regulation requires companies to provide information to their employees about the hazardous chemicals they work with. It is provided by the Occupational Safety and Health Administration (OSHA).

History

A concise historical narrative of NAICS Code 423860-14 covering global milestones and recent developments within the United States.

  • The "Tanks-Metal (Wholesale)" industry has a long history dating back to the early 20th century when metal tanks were first used for storing and transporting liquids and gases. During World War II, the demand for metal tanks increased significantly, leading to the development of new technologies and manufacturing processes. In the post-war period, the industry continued to grow, driven by the expansion of the chemical, oil, and gas industries. In recent years, the industry has faced challenges due to the increasing competition from plastic and composite tanks, as well as the growing demand for renewable energy sources. In the United States, the "Tanks-Metal (Wholesale)" industry has a rich history, with many notable advancements and milestones. In the 1950s and 1960s, the industry experienced significant growth due to the expansion of the chemical and petrochemical industries. In the 1970s and 1980s, the industry faced challenges due to the oil crisis and the increasing competition from plastic tanks. However, the industry adapted to these changes by developing new technologies and products, such as double-walled tanks and corrosion-resistant coatings. In recent years, the industry has continued to grow, driven by the increasing demand for energy storage solutions and the expansion of the renewable energy sector.

Future Outlook for Tanks-Metal (Wholesale)

The anticipated future trajectory of the NAICS 423860-14 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 Tanks-Metal (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for metal tanks in various sectors such as oil and gas, chemical, and water treatment. The growth in the construction industry is also expected to drive the demand for metal tanks. The industry is also expected to benefit from the increasing focus on sustainability and the need for eco-friendly solutions. However, the industry may face challenges such as the volatility of raw material prices and the increasing competition from alternative materials such as plastic and fiberglass.

Industry Innovations for NAICS Code 423860-14

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

  • New Coatings for Metal Tanks: New coatings have been developed that can protect metal tanks from corrosion and extend their lifespan. These coatings are eco-friendly and can reduce the need for maintenance.
  • Smart Tanks: Tanks with sensors and monitoring systems have been developed that can provide real-time data on the tank's condition, level, and temperature. This can help in optimizing the tank's performance and reducing the risk of leaks and spills.
  • Modular Tanks: Modular tanks have been developed that can be easily assembled and disassembled. These tanks are ideal for temporary storage or for use in remote locations.
  • Customized Tanks: Manufacturers are now offering customized tanks that can be designed to meet the specific needs of the customer. This can include tanks with unique shapes, sizes, and features.
  • Improved Welding Techniques: New welding techniques have been developed that can improve the strength and durability of metal tanks. These techniques can also reduce the time and cost of manufacturing.

NAICS Code 423860-14 - Tanks-Metal (Wholesale)

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