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

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

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

• Hazardous Materials Transportation Certification: This certification is required for companies that transport hazardous materials in the US. It ensures that the company is compliant with the Hazardous Materials Regulations (HMR) and is able to safely transport hazardous materials. The certification is provided by the Federal Motor Carrier Safety Administration (FMCSA).
• Chemical Facility Anti-Terrorism Standards (CFATS): This program is administered by the Department of Homeland Security (DHS) and requires facilities that handle certain chemicals to develop and implement security plans to prevent terrorist attacks. The program applies to facilities that possess more than a threshold amount of certain chemicals of interest (COI).
• OSHA Hazard Communication Standard (HCS): This standard requires chemical manufacturers, distributors, and importers to provide information about the hazards of their products to employers and employees. Employers are required to provide training to employees on the safe handling and use of hazardous chemicals. The standard is administered by the Occupational Safety and Health Administration (OSHA).
• EPA Toxic Substances Control Act (TSCA) Certification: This certification is required for companies that manufacture, import, or process chemicals in the US. It ensures that the company is compliant with the TSCA, which regulates the manufacture, import, processing, distribution, and disposal of chemicals. The certification is provided by the Environmental Protection Agency (EPA).
• Responsible Distribution Certification: This certification is provided by the National Association of Chemical Distributors (NACD) and ensures that companies are following best practices for environmental, health, safety, and security. The certification requires companies to undergo a third-party audit and is valid for three years.

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.

The anticipated future trajectory of the NAICS 424690-25 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-Surplus Stock Buyers (Wholesale)" in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for chemicals in various sectors such as agriculture, pharmaceuticals, and manufacturing. The growth of the chemical industry is expected to drive the demand for surplus stock buyers as companies look for ways to reduce costs and increase efficiency. Additionally, the increasing focus on sustainability and environmental regulations is expected to drive the demand for surplus stock buyers who can help companies dispose of excess chemicals in an environmentally friendly manner. Overall, the industry is expected to experience steady growth in the coming years.

Recent groundbreaking advancements and milestones in the Chemicals-Surplus Stock Buyers (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• The use of artificial intelligence (AI) and machine learning (ML) in surplus stock buying has increased in recent years. AI and ML algorithms can analyze large amounts of data to identify trends and patterns, which can help surplus stock buyers make more informed purchasing decisions.
• The adoption of blockchain technology in the chemical industry has also impacted the surplus stock buying industry. Blockchain can help improve transparency and traceability in the supply chain, which can help surplus stock buyers verify the authenticity of the products they are purchasing.
• The increasing use of online marketplaces for surplus stock buying has made it easier for buyers to find and purchase surplus chemicals. Online marketplaces such as ChemDeals and ChemBid have made it easier for buyers to connect with sellers and purchase surplus chemicals at competitive prices.
• The adoption of sustainable practices in the chemical industry has also impacted the surplus stock buying industry. Surplus stock buyers are increasingly focused on finding environmentally friendly ways to dispose of excess chemicals, which can help companies reduce their environmental impact.
• The increasing demand for specialty chemicals has also impacted the surplus stock buying industry. Surplus stock buyers are increasingly focused on purchasing specialty chemicals that are in high demand, which can help companies reduce their costs and improve their bottom line.