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

• Demulsifiers
• Corrosion inhibitors
• Scale inhibitors
• Biocides
• Oxygen scavengers
• Defoamers
• Surfactants
• Emulsifiers
• Dispersants
• Flocculants

Common products and services typical of NAICS Code 424690-55, illustrating the main business activities and contributions to the market.

• Oil refineries
• Natural gas processing plants
• Petrochemical plants
• Chemical manufacturing plants
• Power generation plants
• Mining operations
• Food processing plants
• Pharmaceutical manufacturing plants
• Pulp and paper mills
• Textile manufacturing plants

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 risks and regulations associated with transporting hazardous materials. More information can be found on the TSA website:
• Hazard Communication Standard (HCS): A certification required by the Occupational Safety and Health Administration (OSHA) for employers who deal with hazardous chemicals. The certification ensures that employees are trained on the proper handling and labeling of hazardous chemicals. More information can be found on the OSHA website:
• Spill Prevention, Control, and Countermeasure (SPCC): A certification required by the Environmental Protection Agency (EPA) for facilities that store, handle, or transport oil. The certification ensures that the facility has a plan in place to prevent and respond to oil spills. More information can be found on the EPA website:
• National Fire Protection Association (NFPA) 30: A certification required by the NFPA for facilities that store flammable and combustible liquids. The certification ensures that the facility is in compliance with fire safety regulations. More information can be found on the NFPA website:
• International Maritime Dangerous Goods (IMDG) Code: A certification required by the International Maritime Organization (IMO) for the transport of dangerous goods by sea. The certification ensures that the goods are properly classified, packaged, and labeled for transport. More information can be found on the IMO website:

A concise historical narrative of NAICS Code 424690-55 covering global milestones and recent developments within the United States.

• The "Oil Treating Compounds (Wholesale)" industry has a long history dating back to the early 20th century when oil refining became a major industry. The first oil treating compounds were developed to remove impurities from crude oil and improve its quality. In the 1920s, the use of oil treating compounds became widespread, and the industry began to grow rapidly. During World War II, the industry experienced a surge in demand due to the increased production of oil for the war effort. In recent history, the industry has continued to grow due to the increasing demand for oil and gas, as well as the development of new technologies for oil extraction and refining in the United States.

The anticipated future trajectory of the NAICS 424690-55 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 Oil Treating Compounds (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for oil treating compounds in various industries such as oil and gas, petrochemicals, and refineries. The growth in these industries is expected to drive the demand for oil treating compounds, which will, in turn, boost the growth of the industry. Additionally, the increasing focus on environmental regulations and the need for sustainable solutions is expected to drive the demand for eco-friendly oil treating compounds. The industry is also expected to benefit from the increasing adoption of automation and digitalization, which will help in improving the efficiency of the supply chain and reducing costs.

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

• Development Of Eco-Friendly Oil Treating Compounds: With the increasing focus on environmental regulations and sustainability, many companies in the Oil Treating Compounds (Wholesale) industry are developing eco-friendly oil treating compounds. These compounds are made from natural ingredients and are biodegradable, making them a more sustainable option for various industries.
• Adoption Of Automation and Digitalization: Many companies in the industry are adopting automation and digitalization to improve the efficiency of the supply chain and reduce costs. This includes the use of automated systems for inventory management, order processing, and logistics.
• Introduction Of New Products: Many companies in the industry are introducing new products to cater to the changing needs of various industries. These products are designed to be more effective and efficient in treating oil and gas, and are also more eco-friendly.
• Expansion Of Distribution Networks: Many companies in the industry are expanding their distribution networks to reach new customers and markets. This includes the establishment of new warehouses and distribution centers, as well as partnerships with other companies to expand their reach.
• Investment In Research and Development: Many companies in the industry are investing in research and development to develop new and innovative oil treating compounds. This includes the use of advanced technologies and materials to create more effective and efficient products.