NAICS Code 424690-24 - Chemicals-Storage & Handling (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

37

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NAICS Code 424690-24 Description (8-Digit)

Chemicals-Storage & Handling (Wholesale) is a subdivision of the NAICS Code 424690 that involves the wholesale distribution of chemicals and allied products, with a focus on storage and handling. This industry is responsible for the safe and efficient storage and handling of a wide range of chemicals, including industrial chemicals, laboratory chemicals, and specialty chemicals. Companies in this industry typically operate large warehouses and storage facilities, where they store and manage large quantities of chemicals for distribution to customers.

Hierarchy Navigation for NAICS Code 424690-24

Tools

Tools commonly used in the Chemicals-Storage & Handling (Wholesale) industry for day-to-day tasks and operations.

  • Chemical storage tanks
  • Chemical pumps
  • Chemical hoses
  • Chemical spill containment kits
  • Chemical safety cabinets
  • Chemical drum handling equipment
  • Chemical spill response kits
  • Chemical storage racks
  • Chemical storage bins
  • Chemical storage pallets

Industry Examples of Chemicals-Storage & Handling (Wholesale)

Common products and services typical of NAICS Code 424690-24, illustrating the main business activities and contributions to the market.

  • Industrial chemicals storage
  • Laboratory chemicals storage
  • Specialty chemicals storage
  • Chemical distribution
  • Chemical warehousing
  • Chemical logistics
  • Chemical handling
  • Chemical packaging
  • Chemical transportation
  • Chemical inventory management

Certifications, Compliance and Licenses for NAICS Code 424690-24 - Chemicals-Storage & Handling (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. It is issued by the Transportation Security Administration (TSA) and requires a background check and fingerprinting.
  • Hazardous Waste Operations and Emergency Response (HAZWOPER): This certification is required for workers who handle hazardous waste and must be trained in hazardous waste operations and emergency response. It is issued by the Occupational Safety and Health Administration (OSHA).
  • Chemical Hygiene Officer (CHO): This certification is required for individuals who work with hazardous chemicals in a laboratory setting. It is issued by the National Registry of Certified Chemists (NRCC).
  • Certified Hazardous Materials Manager (CHMM): This certification is required for professionals who manage hazardous materials and waste. It is issued by the Institute of Hazardous Materials Management (IHMM).
  • Spill Prevention, Control, and Countermeasure (SPCC) Plan: This plan is required for facilities that store, handle, or transport oil or other hazardous materials. It is issued by the Environmental Protection Agency (EPA).

History

A concise historical narrative of NAICS Code 424690-24 covering global milestones and recent developments within the United States.

  • The "Chemicals-Storage & Handling (Wholesale)" industry has a long history dating back to the early 20th century when the chemical industry began to grow rapidly. The industry has been instrumental in the growth of the chemical industry by providing storage and handling services for chemical products. In the United States, the industry has seen significant growth since the 1950s, with the rise of the petrochemical industry. The industry has also been impacted by the development of new technologies, such as automation and computerization, which have improved efficiency and safety in the handling and storage of chemicals. In recent years, the industry has faced challenges related to environmental regulations and safety concerns, which have led to increased scrutiny and regulation of the industry. Despite these challenges, the industry continues to play a critical role in the chemical industry supply chain, providing essential services to chemical manufacturers and distributors.

Future Outlook for Chemicals-Storage & Handling (Wholesale)

The anticipated future trajectory of the NAICS 424690-24 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 "Chemicals-Storage & Handling (Wholesale)" in the USA is positive. The industry is expected to grow due to the increasing demand for chemicals in various sectors such as agriculture, healthcare, and manufacturing. The growth of the chemical industry is expected to drive the demand for storage and handling services. Additionally, the increasing focus on safety and environmental regulations is expected to drive the demand for specialized storage and handling services. The industry is also expected to benefit from the increasing adoption of automation and digital technologies, which can improve efficiency and reduce costs. Overall, the industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 424690-24

Recent groundbreaking advancements and milestones in the Chemicals-Storage & Handling (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Automated Storage and Retrieval Systems: These systems use robotics and automation to store and retrieve chemicals, improving efficiency and reducing the risk of accidents.
  • Digital Tracking and Monitoring Systems: These systems use sensors and software to track the location and condition of chemicals, improving safety and reducing the risk of loss or damage.
  • Mobile Storage Units: These units can be transported to different locations, providing flexible storage solutions for chemicals.
  • Hazardous Waste Disposal Services: Some companies are offering specialized services for the disposal of hazardous waste, providing a one-stop-shop for storage, handling, and disposal.
  • Green Storage Solutions: Some companies are offering environmentally friendly storage solutions, such as solar-powered warehouses and rainwater harvesting systems.

NAICS Code 424690-24 - Chemicals-Storage & Handling (Wholesale)

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