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NAICS Code 424690-03 Description (8-Digit)

Acids (Wholesale) is a subdivision of the Other Chemical and Allied Products Merchant Wholesalers industry. This industry involves the wholesale distribution of acids, which are chemical compounds that have a pH of less than 7. Acids are used in a wide range of industries, including pharmaceuticals, food and beverage, agriculture, and manufacturing. The companies in this industry purchase bulk quantities of acids from manufacturers and then distribute them to various end-users.

Hierarchy Navigation for NAICS Code 424690-03

Tools

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

  • PH meters
  • Pipettes
  • Burettes
  • Volumetric flasks
  • Beakers
  • Graduated cylinders
  • Funnel
  • Stirring rods
  • Safety goggles
  • Gloves

Industry Examples of Acids (Wholesale)

Common products and services typical of NAICS Code 424690-03, illustrating the main business activities and contributions to the market.

  • Sulfuric acid
  • Hydrochloric acid
  • Nitric acid
  • Phosphoric acid
  • Acetic acid
  • Citric acid
  • Formic acid
  • Hydrofluoric acid
  • Oxalic acid
  • Tartaric acid

Certifications, Compliance and Licenses for NAICS Code 424690-03 - Acids (Wholesale)

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

  • Hazardous Materials Endorsement (HME): This endorsement is required for drivers who transport hazardous materials in amounts that require placarding. The endorsement is issued by the Transportation Security Administration (TSA) after a background check and fingerprinting.
  • OSHA Hazard Communication Standard (HCS) Training: This training is required for employees who work with hazardous chemicals. The training covers the identification of hazardous chemicals, the labeling of containers, and the use of Safety Data Sheets (SDSs).
  • DOT Hazardous Materials Training: This training is required for employees who handle, package, label, or transport hazardous materials. The training covers the identification of hazardous materials, the proper packaging and labeling of containers, and the emergency response procedures.
  • ISO 9001:2015 Quality Management System (QMS) Certification: This certification is a globally recognized standard for quality management systems. It demonstrates that a company has a systematic approach to quality management and is committed to continuous improvement.
  • ISO 14001:2015 Environmental Management System (EMS) Certification: This certification is a globally recognized standard for environmental management systems. It demonstrates that a company has a systematic approach to environmental management and is committed to reducing its environmental impact.

History

A concise historical narrative of NAICS Code 424690-03 covering global milestones and recent developments within the United States.

  • The "Acids (Wholesale)" industry has a long and rich history dating back to ancient times. The first recorded use of acids was by the ancient Egyptians, who used vinegar to preserve mummies. In the Middle Ages, alchemists used acids to create new compounds and medicines. The industrial revolution saw the widespread use of acids in manufacturing, particularly in the production of textiles, paper, and chemicals. In the United States, the industry experienced significant growth in the mid-20th century due to the expansion of the chemical industry and the increasing demand for acids in various applications, including food processing, pharmaceuticals, and water treatment. In recent years, the industry has faced challenges due to increased competition, changing regulations, and the emergence of new technologies.

Future Outlook for Acids (Wholesale)

The anticipated future trajectory of the NAICS 424690-03 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 industry "Acids (Wholesale)" in the USA is positive. The industry is expected to grow due to the increasing demand for acids in various end-use industries such as pharmaceuticals, food and beverage, and agriculture. The growing population and increasing urbanization are also expected to drive the demand for acids in the coming years. Additionally, the increasing use of acids in the production of various chemicals and fertilizers is expected to boost the growth of the industry. However, the industry may face challenges such as stringent regulations and the availability of substitutes. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424690-03

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

  • Development Of New Acid Blends: The industry has witnessed the development of new acid blends that offer better performance and are more cost-effective than traditional acids. These blends are being used in various applications such as metal cleaning, pickling, and etching.
  • Use Of Biodegradable Acids: The industry is increasingly using biodegradable acids that are environmentally friendly and offer better performance than traditional acids. These acids are being used in various applications such as cleaning, metal finishing, and oil and gas production.
  • Introduction Of New Packaging Solutions: The industry has introduced new packaging solutions that offer better protection to acids during transportation and storage. These solutions include plastic drums, intermediate bulk containers, and flexible packaging.
  • Adoption Of Automation and Digitalization: The industry is adopting automation and digitalization to improve efficiency and reduce costs. This includes the use of sensors, robotics, and artificial intelligence in various processes such as production, packaging, and logistics.
  • Increasing Focus on Sustainability: The industry is increasingly focusing on sustainability by reducing waste, improving energy efficiency, and using renewable energy sources. This includes the use of solar panels, wind turbines, and other renewable energy sources in production facilities.

NAICS Code 424690-03 - Acids (Wholesale)

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