NAICS Code 424690-52 - Nitrogen (Wholesale)
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NAICS Code 424690-52 Description (8-Digit)
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Tools
Tools commonly used in the Nitrogen (Wholesale) industry for day-to-day tasks and operations.
- Nitrogen generators
- Cryogenic tanks
- Pressure regulators
- Flow meters
- Dew point meters
- Gas analyzers
- Vacuum pumps
- Compressors
- Gas cylinders
- Gas chromatographs
Industry Examples of Nitrogen (Wholesale)
Common products and services typical of NAICS Code 424690-52, illustrating the main business activities and contributions to the market.
- Food packaging
- Welding and metal fabrication
- Chemical manufacturing
- Electronics manufacturing
- Pharmaceutical production
- Oil and gas exploration
- Laser cutting and engraving
- Tire inflation
- Fire suppression systems
- Environmental testing
Certifications, Compliance and Licenses for NAICS Code 424690-52 - Nitrogen (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.
- DOT Hazardous Materials Training: This training is required for employees who handle, transport, or prepare hazardous materials for shipment. The training covers topics such as labeling, packaging, and emergency response.
- OSHA Hazard Communication Standard (HCS) Training: This training is required for employees who work with hazardous chemicals. The training covers topics such as labeling, safety data sheets, and hazard communication.
- ISO 9001:2015 Quality Management System Certification: This certification is a globally recognized standard for quality management systems. It demonstrates a company's ability to consistently provide products and services that meet customer and regulatory requirements.
- ISO 14001:2015 Environmental Management System Certification: This certification is a globally recognized standard for environmental management systems. It demonstrates a company's commitment to reducing its environmental impact and complying with environmental regulations.
History
A concise historical narrative of NAICS Code 424690-52 covering global milestones and recent developments within the United States.
- The Nitrogen (Wholesale) industry has a long history dating back to the early 20th century when the Haber-Bosch process was invented, which allowed for the large-scale production of ammonia, a key component of nitrogen fertilizers. This process revolutionized agriculture and led to a significant increase in crop yields, which in turn fueled the growth of the Nitrogen (Wholesale) industry. In recent years, the industry has seen significant advancements in technology, such as the development of precision agriculture, which uses data and analytics to optimize crop yields and reduce waste. Additionally, there has been a growing focus on sustainability, with many companies investing in renewable energy sources and reducing their carbon footprint. In the United States, the Nitrogen (Wholesale) industry has a more recent history, with significant growth occurring in the post-World War II era. The industry has been driven by the increasing demand for nitrogen fertilizers, which are essential for modern agriculture. In recent years, the industry has faced challenges such as declining commodity prices and increased competition from imports. However, there are also opportunities for growth, such as the increasing demand for organic and non-GMO crops, which require nitrogen fertilizers that are certified as organic. Overall, the Nitrogen (Wholesale) industry in the United States has a rich history and continues to play a vital role in modern agriculture.
Future Outlook for Nitrogen (Wholesale)
The anticipated future trajectory of the NAICS 424690-52 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Nitrogen (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for nitrogen in various industries such as agriculture, food and beverage, and healthcare. The growth in the agriculture industry is expected to be the major driver for the industry as nitrogen is an essential component for plant growth. Additionally, the increasing demand for nitrogen in the healthcare industry for medical gases and cryogenics is expected to further boost the industry growth. The industry is also expected to benefit from the increasing use of nitrogen in the food and beverage industry for packaging and preservation purposes. However, the industry may face challenges due to the volatility of nitrogen prices and the increasing competition from other nitrogen-producing countries.
Industry Innovations for NAICS Code 424690-52
Recent groundbreaking advancements and milestones in the Nitrogen (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Development Of New Nitrogen Fertilizers: The industry has witnessed the development of new nitrogen fertilizers that are more efficient and environmentally friendly. These fertilizers are designed to reduce nitrogen losses and improve crop yields.
- Use Of Nitrogen In the Healthcare Industry: Nitrogen is increasingly being used in the healthcare industry for medical gases and cryogenics. The industry has witnessed the development of new medical gases and cryogenic equipment that use nitrogen.
- Nitrogen In Food and Beverage Industry: The use of nitrogen in the food and beverage industry for packaging and preservation purposes has increased in recent years. The industry has witnessed the development of new packaging materials and equipment that use nitrogen.
- Nitrogen In the Electronics Industry: Nitrogen is used in the electronics industry for various applications such as semiconductor manufacturing and electronics assembly. The industry has witnessed the development of new nitrogen-based processes and equipment that improve the efficiency and quality of these applications.
- Nitrogen In the Oil and Gas Industry: Nitrogen is used in the oil and gas industry for various applications such as well stimulation and enhanced oil recovery. The industry has witnessed the development of new nitrogen-based technologies and equipment that improve the efficiency and effectiveness of these applications.
NAICS Code 424690-52 - Nitrogen (Wholesale)
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