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NAICS Code 423930-21 Description (8-Digit)

Scrap Rubber (Wholesale) is a subdivision of the Recyclable Material Merchant Wholesalers industry that involves the buying and selling of discarded rubber materials that can be reused or recycled. This industry is responsible for collecting and sorting scrap rubber from various sources such as tires, conveyor belts, and industrial rubber products. The scrap rubber is then processed and sold to manufacturers who use it to produce new rubber products.

Hierarchy Navigation for NAICS Code 423930-21

Tools

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

  • Rubber shredders
  • Granulators
  • Magnetic separators
  • Vibratory screens
  • Air classifiers
  • Bale cutters
  • Tire debeaders
  • Steel belt conveyors
  • Hydraulic balers
  • Dust collectors

Industry Examples of Scrap Rubber (Wholesale)

Common products and services typical of NAICS Code 423930-21, illustrating the main business activities and contributions to the market.

  • Tire recycling
  • Rubber mulch production
  • Playground surfacing
  • Athletic track surfacing
  • Rubber mat production
  • Industrial rubber product manufacturing
  • Rubberized asphalt production
  • Rubber hose production
  • Rubber gasket production
  • Rubber seal production

Certifications, Compliance and Licenses for NAICS Code 423930-21 - Scrap Rubber (Wholesale)

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

  • ISO 14001: Environmental Management System certification that ensures the company is committed to reducing its environmental impact and complying with environmental regulations. Provided by the International Organization for Standardization (ISO).
  • OSHA 30-Hour General Industry Training: Certification that ensures the company's employees have received training on occupational safety and health hazards in the workplace. Provided by the Occupational Safety and Health Administration (OSHA).
  • DOT Hazardous Materials Transportation Certification: Certification that ensures the company is compliant with the Department of Transportation's regulations for the safe transportation of hazardous materials. Provided by the Department of Transportation (DOT).
  • RIOS: Recycling Industry Operating Standard certification that ensures the company is committed to environmental, health, and safety standards in the recycling industry. Provided by the Institute of Scrap Recycling Industries (ISRI).
  • Responsible Recycling (R2) Certification: Certification that ensures the company is committed to responsible electronics recycling practices. Provided by Sustainable Electronics Recycling International (SERI).

History

A concise historical narrative of NAICS Code 423930-21 covering global milestones and recent developments within the United States.

  • The Scrap Rubber (Wholesale) industry has a long history dating back to the early 1900s when rubber was first used in the manufacturing of tires. The industry grew rapidly during World War II when rubber was in high demand for military vehicles and equipment. In the 1950s, the industry experienced a decline due to the introduction of synthetic rubber, which was cheaper and more readily available. However, the industry rebounded in the 1970s with the rise of environmentalism and the push for recycling. In recent years, the industry has continued to grow as more companies seek to reduce their environmental impact and increase sustainability. In the United States, the Scrap Rubber (Wholesale) industry has seen significant growth in recent years due to the increasing demand for recycled rubber products. The industry has benefited from advancements in technology that have made it easier and more cost-effective to recycle rubber. Additionally, the push for sustainability and environmental responsibility has led many companies to seek out recycled rubber products as an alternative to traditional materials. Overall, the industry is poised for continued growth in the coming years as more companies adopt sustainable practices and seek out environmentally friendly products.

Future Outlook for Scrap Rubber (Wholesale)

The anticipated future trajectory of the NAICS 423930-21 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 Scrap Rubber (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for recycled rubber products. The growing awareness of environmental issues and the need for sustainable products is driving the demand for recycled rubber products. The industry is also expected to benefit from the increasing use of recycled rubber in various applications such as construction, automotive, and sports surfaces. The industry is also likely to benefit from the increasing use of recycled rubber in the production of new tires. Overall, the Scrap Rubber (Wholesale) industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 423930-21

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

  • Development Of New Technologies for Recycling Rubber: The Scrap Rubber (Wholesale) industry has seen the development of new technologies for recycling rubber, which has led to the production of high-quality recycled rubber products. These technologies have made it possible to recycle rubber products that were previously difficult to recycle, such as tires and rubber mats.
  • Increasing Use Of Recycled Rubber In Construction: The use of recycled rubber in construction has been increasing in recent years. Recycled rubber is used in various applications such as roofing, flooring, and sound insulation. The use of recycled rubber in construction is expected to increase in the coming years due to the growing demand for sustainable building materials.
  • Growing Demand for Recycled Rubber In Sports Surfaces: The use of recycled rubber in sports surfaces such as running tracks and playgrounds has been increasing in recent years. Recycled rubber is used in these applications due to its durability, shock absorption, and slip resistance. The growing demand for sustainable sports surfaces is expected to drive the demand for recycled rubber in the coming years.
  • Increasing Use Of Recycled Rubber In Automotive Applications: The use of recycled rubber in automotive applications such as tires and automotive parts has been increasing in recent years. Recycled rubber is used in these applications due to its durability, noise reduction, and vibration damping properties. The increasing use of recycled rubber in automotive applications is expected to drive the demand for recycled rubber in the coming years.
  • Growing Awareness Of Environmental Issues: The growing awareness of environmental issues and the need for sustainable products is driving the demand for recycled rubber products. Consumers are increasingly looking for products that are environmentally friendly and sustainable. The Scrap Rubber (Wholesale) industry is expected to benefit from this trend in the coming years.

NAICS Code 423930-21 - Scrap Rubber (Wholesale)

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