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NAICS Code 424690-51 Description (8-Digit)

The Nickel (Wholesale) industry involves the distribution of nickel and nickel alloys to various industries. Nickel is a silvery-white metal that is used in the production of stainless steel, batteries, and other alloys. The industry is responsible for the wholesale distribution of nickel in various forms, including bars, sheets, and powders. The industry also provides nickel refining services to extract pure nickel from ores and other raw materials.

Hierarchy Navigation for NAICS Code 424690-51

Tools

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

  • Nickel refining equipment
  • Nickel plating equipment
  • Nickel testing equipment
  • Nickel alloy production equipment
  • Nickel powder production equipment
  • Nickel melting furnaces
  • Nickel casting equipment
  • Nickel welding equipment
  • Nickel cutting tools
  • Nickel polishing equipment

Industry Examples of Nickel (Wholesale)

Common products and services typical of NAICS Code 424690-51, illustrating the main business activities and contributions to the market.

  • Stainless steel production
  • Battery manufacturing
  • Aerospace industry
  • Chemical industry
  • Electronics industry
  • Automotive industry
  • Jewelry industry
  • Construction industry
  • Oil and gas industry
  • Food processing industry

Certifications, Compliance and Licenses for NAICS Code 424690-51 - Nickel (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. The endorsement is issued by the Transportation Security Administration (TSA) and requires a background check and fingerprinting.
  • Hazardous Waste Operations and Emergency Response (HAZWOPER) Certification: This certification is required for workers who handle hazardous waste and must be trained in hazardous waste operations and emergency response. The certification is issued by the Occupational Safety and Health Administration (OSHA).
  • Environmental Protection Agency (EPA) Certification: This certification is required for individuals who handle refrigerants and must be trained in the proper handling and disposal of refrigerants. The certification is issued by the EPA.
  • National Association Of Chemical Distributors (NACD) Responsible Distribution Certification: This certification is a third-party verification of a company's commitment to responsible distribution of chemicals. The certification is issued by the NACD.
  • International Organization for Standardization (ISO) 9001 Certification: This certification is a quality management system certification that demonstrates a company's ability to consistently provide products and services that meet customer and regulatory requirements. The certification is issued by ISO.

History

A concise historical narrative of NAICS Code 424690-51 covering global milestones and recent developments within the United States.

  • The "Nickel (Wholesale)" industry has a long and rich history worldwide. Nickel was first discovered in 1751 by Swedish chemist Baron Axel Fredrik Cronstedt. The metal was initially used for coins, but its use expanded to other applications such as stainless steel production, electroplating, and batteries. In the early 20th century, the demand for nickel increased significantly due to the growth of the automobile industry. During World War II, nickel was a crucial material for the production of weapons and military equipment. In recent years, the industry has faced challenges due to fluctuations in nickel prices, increased competition, and environmental concerns. In the United States, the "Nickel (Wholesale)" industry has a more recent history. The country's first nickel mine was established in 1865 in Lancaster County, Pennsylvania. The industry grew steadily throughout the 20th century, with the United States becoming one of the world's leading producers of nickel. In the 21st century, the industry has faced challenges due to increased competition from other countries, declining demand for certain nickel products, and environmental regulations. Despite these challenges, the industry remains an important part of the US economy, providing jobs and contributing to the country's industrial output.

Future Outlook for Nickel (Wholesale)

The anticipated future trajectory of the NAICS 424690-51 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 Nickel (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for nickel in various industries such as construction, automotive, and electronics. The growth in the construction industry, especially in developing countries, is expected to drive the demand for nickel. Additionally, the increasing demand for electric vehicles and the growing use of nickel in batteries is expected to further boost the industry's growth. However, the industry may face challenges due to the fluctuating prices of nickel and the increasing competition from other countries such as China and Russia.

Industry Innovations for NAICS Code 424690-51

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

  • Nickel Alloys for Additive Manufacturing: The development of nickel alloys for additive manufacturing has opened up new possibilities for the industry. These alloys are used in various applications such as aerospace, automotive, and medical industries. They offer high strength, corrosion resistance, and excellent thermal properties.
  • Nickel Foam for Energy Storage: Nickel foam is being used in energy storage applications due to its high surface area and excellent electrical conductivity. It is used in batteries, supercapacitors, and fuel cells.
  • Nickel Plating for Corrosion Protection: Nickel plating is being used in various industries such as automotive, aerospace, and electronics for corrosion protection. It offers excellent corrosion resistance and durability.
  • Nickel-Based Catalysts for Chemical Reactions: Nickel-based catalysts are being used in various chemical reactions such as hydrogenation, dehydrogenation, and oxidation. They offer high selectivity, activity, and stability.
  • Nickel Nanoparticles for Biomedical Applications: Nickel nanoparticles are being used in various biomedical applications such as drug delivery, imaging, and cancer therapy. They offer high biocompatibility, low toxicity, and excellent magnetic properties.

NAICS Code 424690-51 - Nickel (Wholesale)

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