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NAICS Code 424690-41 Description (8-Digit)

Gases (Wholesale) is a subdivision of the Other Chemical and Allied Products Merchant Wholesalers industry. This industry involves the wholesale distribution of compressed and liquefied gases, such as oxygen, nitrogen, helium, and carbon dioxide, to various industries and businesses. Gases (Wholesale) companies purchase gases in bulk from manufacturers and then distribute them to customers in smaller quantities. These gases are used for a variety of purposes, including welding, medical applications, food processing, and industrial manufacturing.

Hierarchy Navigation for NAICS Code 424690-41

Tools

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

  • Gas cylinders
  • Gas regulators
  • Gas valves
  • Gas hoses
  • Gas flow meters
  • Gas analyzers
  • Gas detectors
  • Gas compressors
  • Gas generators
  • Gas purifiers

Industry Examples of Gases (Wholesale)

Common products and services typical of NAICS Code 424690-41, illustrating the main business activities and contributions to the market.

  • Welding and metal fabrication
  • Healthcare and medical facilities
  • Food and beverage processing
  • Chemical manufacturing
  • Electronics and semiconductor production
  • Automotive and aerospace industries
  • Environmental testing and analysis
  • Research and development laboratories
  • Oil and gas exploration and production
  • Construction and infrastructure development

Certifications, Compliance and Licenses for NAICS Code 424690-41 - Gases (Wholesale)

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

  • Hazardous Materials Endorsement (HME): A certification required by the Transportation Security Administration (TSA) for drivers who transport hazardous materials. The certification ensures that the driver has passed a background check and is aware of the safety regulations for transporting hazardous materials. More information can be found on the TSA website:
  • Compressed Gas Association (CGA) Certification: A certification that ensures that the company is following the safety standards set by the CGA for handling, storing, and transporting compressed gases. The certification is issued by the CGA and is recognized by the Occupational Safety and Health Administration (OSHA). More information can be found on the CGA website:
  • National Institute for Occupational Safety and Health (NIOSH) Certification: A certification required for respiratory protection equipment used in the workplace. The certification ensures that the equipment meets the safety standards set by NIOSH. More information can be found on the NIOSH website:
  • Department Of Transportation (DOT) Certification: A certification required for companies that transport hazardous materials. The certification ensures that the company is following the safety regulations set by the DOT. More information can be found on the DOT website:
  • Occupational Safety and Health Administration (OSHA) Certification: A certification required for companies that handle hazardous materials. The certification ensures that the company is following the safety regulations set by OSHA. More information can be found on the OSHA website:

History

A concise historical narrative of NAICS Code 424690-41 covering global milestones and recent developments within the United States.

  • The wholesale gases industry has a long history dating back to the 19th century when the first gas companies were established in Europe and the United States. These companies produced coal gas, which was used for lighting and heating. In the early 20th century, the industry saw a shift towards natural gas, which became the primary source of fuel for homes and businesses. During World War II, the industry experienced significant growth due to the demand for gases for military purposes. In recent years, the industry has seen advancements in technology, such as the development of cryogenic gases and the use of gases in the healthcare industry. In the United States, the wholesale gases industry has seen steady growth over the past few decades. The industry has benefited from the growth of the manufacturing sector, which has increased the demand for industrial gases. Additionally, the healthcare industry has become a significant consumer of gases, particularly in the areas of anesthesia and respiratory therapy. The industry has also seen advancements in technology, such as the development of new gas blends and the use of gases in the energy sector. Overall, the wholesale gases industry has a long and rich history, and it continues to play a vital role in many sectors of the economy.

Future Outlook for Gases (Wholesale)

The anticipated future trajectory of the NAICS 424690-41 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 Gases (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for gases in various industries such as healthcare, food and beverage, and electronics. The growth of the healthcare industry, in particular, is expected to drive the demand for medical gases such as oxygen, nitrogen, and carbon dioxide. Additionally, the increasing demand for specialty gases used in the electronics industry is expected to further boost the industry's growth. The industry is also expected to benefit from the increasing use of gases in the food and beverage industry for packaging and preservation purposes. However, the industry may face challenges such as increasing competition and regulatory issues related to the handling and transportation of gases.

Industry Innovations for NAICS Code 424690-41

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

  • Air Liquide launched a new range of gases for the additive manufacturing industry, which includes gases such as argon, helium, and nitrogen. The new range of gases is designed to improve the quality and efficiency of the additive manufacturing process.
  • Linde launched a new range of gases for the food and beverage industry, which includes gases such as carbon dioxide and nitrogen. The new range of gases is designed to improve the shelf life and quality of food and beverages.
  • Air Products and Chemicals Inc. developed a new technology for the production of hydrogen gas, which is used in various industries such as chemicals, refining, and electronics. The new technology is expected to improve the efficiency and reduce the cost of hydrogen production.
  • Praxair Inc. developed a new technology for the production of carbon dioxide, which is used in various industries such as food and beverage, healthcare, and electronics. The new technology is expected to improve the efficiency and reduce the cost of carbon dioxide production.
  • Airgas Inc. launched a new range of gases for the welding and metal fabrication industry, which includes gases such as argon, helium, and carbon dioxide. The new range of gases is designed to improve the quality and efficiency of the welding and metal fabrication process.

NAICS Code 424690-41 - Gases (Wholesale)

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