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

• Synthetic lubricant dispensing equipment
• Oil analysis equipment
• Lubricant pumps and meters
• Grease guns and fittings
• Oil filter wrenches
• Oil drain pans
• Funnel sets
• Oil filter crushers
• Oil filter cutters
• Oil filter wrenches

Common products and services typical of NAICS Code 424690-49, illustrating the main business activities and contributions to the market.

• Automotive repair shops
• Industrial manufacturing plants
• Marine equipment suppliers
• Aviation maintenance facilities
• Heavy equipment dealerships
• Agricultural equipment suppliers
• Mining operations
• Construction equipment rental companies
• Power generation facilities
• Railroad maintenance facilities

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

• NSF International Certification: NSF International is an independent organization that provides certification for products that meet public health and safety standards. Synthetic lubricants can be certified by NSF International to ensure that they meet the necessary standards for use in food processing, pharmaceuticals, and other industries where contamination is a concern.
• ISO 9001:2015 Certification: ISO 9001:2015 is a quality management system standard that ensures that a company's products and services meet customer and regulatory requirements. Synthetic lubricant wholesalers can obtain this certification to demonstrate their commitment to quality and customer satisfaction.
• OSHA Hazard Communication Standard: The OSHA Hazard Communication Standard requires that chemical manufacturers and distributors provide information about the hazards of their products to their customers. Synthetic lubricant wholesalers must comply with this standard by providing Safety Data Sheets (SDS) and labeling their products appropriately.
• EPA Spill Prevention, Control, and Countermeasure (SPCC) Plan: The EPA SPCC Plan is a requirement for facilities that store, use, or transport oil and other hazardous materials. Synthetic lubricant wholesalers must have an SPCC Plan in place to prevent spills and minimize the impact of any spills that do occur.
• DOT Hazardous Materials Transportation Certification: Synthetic lubricants are considered hazardous materials for transportation purposes. Wholesalers must obtain DOT certification to ensure that they are properly handling, packaging, and labeling their products for transportation.

A concise historical narrative of NAICS Code 424690-49 covering global milestones and recent developments within the United States.

• The synthetic lubricants industry has a relatively short history, dating back to the 1950s when the first synthetic lubricants were developed. These early synthetic lubricants were primarily used in military and aerospace applications due to their superior performance in extreme conditions. In the 1970s, synthetic lubricants began to be used in commercial applications, particularly in the automotive industry. Since then, the industry has continued to grow and evolve, with new formulations and applications being developed all the time. In the United States, the synthetic lubricants industry has seen significant growth in recent years, driven by increasing demand from a variety of industries, including automotive, aerospace, and industrial manufacturing. This growth has been fueled by a number of factors, including the increasing complexity of modern machinery and the need for high-performance lubricants to keep it running smoothly. In addition, the growing focus on sustainability and environmental responsibility has led to increased demand for synthetic lubricants, which are often more environmentally friendly than traditional petroleum-based lubricants. Overall, the future looks bright for the synthetic lubricants industry, with continued growth and innovation expected in the years to come.

The anticipated future trajectory of the NAICS 424690-49 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  According to a report by IBISWorld, the Synthetic Lubricant Wholesaling industry is expected to grow over the next five years. The industry is expected to benefit from the increasing demand for synthetic lubricants, which are more efficient and environmentally friendly than traditional lubricants. The industry is also expected to benefit from the growth of the manufacturing and construction sectors, which are major users of synthetic lubricants. However, the industry is expected to face competition from the traditional lubricant industry, which is still dominant in the market. Overall, the industry is expected to experience moderate growth in the coming years.

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

• The Development Of Synthetic Lubricants That Can Withstand Extreme Temperatures and Pressures: These lubricants are designed to be used in high-performance engines and machinery, and are becoming increasingly popular in the automotive and aerospace industries.
• The Use Of Nanotechnology In Lubricants: Nanoparticles are added to lubricants to improve their performance and reduce wear and tear on machinery. This technology is still in the early stages of development, but has the potential to revolutionize the lubricant industry.
• The Development Of Biodegradable Lubricants: These lubricants are designed to be environmentally friendly and are becoming increasingly popular in industries that are focused on sustainability.
• The Use Of Predictive Maintenance Technology: This technology uses sensors and data analytics to predict when machinery will need maintenance, allowing companies to reduce downtime and improve efficiency.
• The Development Of Lubricants That Can Be Used In Electric Vehicles: As the demand for electric vehicles grows, so does the need for lubricants that are specifically designed for these vehicles. Synthetic lubricants are becoming increasingly popular in this market due to their superior performance and environmental benefits.