NAICS Code 424690-25 - Chemicals-Surplus Stock Buyers (Wholesale)

Marketing Level - NAICS 8-Digit

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Looking for more companies? See NAICS 424690 - Other Chemical and Allied Products Merchant Wholesalers - 3,130 companies, 50,504 emails.

NAICS Code 424690-25 Description (8-Digit)

Chemicals-Surplus Stock Buyers (Wholesale) is a subdivision of Other Chemical and Allied Products Merchant Wholesalers industry. This industry involves the wholesale buying of surplus chemical stocks from manufacturers, distributors, and other wholesalers. The surplus stock can be in the form of raw materials, intermediates, or finished products. The buyers then resell these surplus stocks to other wholesalers, retailers, or end-users. The industry is highly competitive and requires a deep understanding of the chemical market to identify profitable deals.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 424690 page

Tools

Tools commonly used in the Chemicals-Surplus Stock Buyers (Wholesale) industry for day-to-day tasks and operations.

  • Chemical inventory management software
  • Chemical analysis equipment
  • Chemical pumps and valves
  • Chemical storage tanks
  • Chemical transportation equipment
  • Chemical blending equipment
  • Chemical filtration equipment
  • Chemical packaging equipment
  • Chemical labeling equipment
  • Chemical safety equipment

Industry Examples of Chemicals-Surplus Stock Buyers (Wholesale)

Common products and services typical of NAICS Code 424690-25, illustrating the main business activities and contributions to the market.

  • Surplus organic chemicals
  • Surplus inorganic chemicals
  • Surplus solvents
  • Surplus acids and bases
  • Surplus polymers
  • Surplus resins
  • Surplus pigments and dyes
  • Surplus surfactants
  • Surplus pharmaceutical intermediates
  • Surplus food additives

History

A concise historical narrative of NAICS Code 424690-25 covering global milestones and recent developments within the United States.

  • The "Chemicals-Surplus Stock Buyers (Wholesale)" industry has a long history dating back to the early 20th century when the chemical industry started to grow rapidly. During World War II, the industry experienced a significant boost due to the high demand for chemicals for military purposes. In the post-war period, the industry continued to grow, and the surplus stock buyers emerged as a crucial player in the market. In recent years, the industry has faced challenges due to the increasing competition from overseas markets and the changing regulatory environment. However, the industry has adapted to these challenges by focusing on innovation and technology to improve efficiency and reduce costs. For example, the industry has started to use advanced analytics and automation to optimize the supply chain and improve customer service. In the United States, the "Chemicals-Surplus Stock Buyers (Wholesale)" industry has a more recent history, starting in the 1970s. The industry grew rapidly during the 1980s and 1990s, driven by the increasing demand for chemicals in various industries, including agriculture, construction, and manufacturing. In the 2000s, the industry faced challenges due to the economic recession and the increasing competition from overseas markets. However, the industry has continued to grow, driven by the increasing demand for specialty chemicals and the growing trend towards sustainability and environmental protection. For example, the industry has started to focus on developing eco-friendly products and reducing waste and emissions. Overall, the "Chemicals-Surplus Stock Buyers (Wholesale)" industry has a rich history and has played a crucial role in the growth and development of the chemical industry worldwide.