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

• Synthetic oil filters
• Oil analysis kits
• Oil transfer pumps
• Oil storage tanks
• Oil dispensing systems
• Oil filter wrenches
• Oil drain pans
• Oil filter crushers
• Oil pressure gauges
• Oil filter pliers

Common products and services typical of NAICS Code 424690-60, illustrating the main business activities and contributions to the market.

• Automotive repair shops
• Industrial equipment manufacturers
• Marine equipment manufacturers
• Aviation companies
• Mining companies
• Construction companies
• Agricultural equipment manufacturers
• Power generation companies
• Transportation companies
• Government agencies

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

• ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
• ISO 14001: This certification ensures that the company has an environmental management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
• OSHA Hazard Communication Standard: This standard requires that employers provide information to their employees about the hazardous chemicals they work with. It is provided by the Occupational Safety and Health Administration (OSHA).
• EPA Spill Prevention, Control, and Countermeasure (SPCC) Plan: This plan is required for facilities that store, handle, or transport oil and oil products. It is provided by the Environmental Protection Agency (EPA).
• DOT Hazardous Materials Transportation Certification: This certification is required for companies that transport hazardous materials. It is provided by the Department of Transportation (DOT).

A concise historical narrative of NAICS Code 424690-60 covering global milestones and recent developments within the United States.

• The synthetic oil industry has a relatively short history, dating back to the 1920s when the first synthetic oil was developed in Germany. During World War II, synthetic oil was used extensively by the Germans due to the shortage of crude oil. After the war, the United States began to develop synthetic oil, and in the 1970s, synthetic oil became more widely used in the automotive industry. In recent years, synthetic oil has become increasingly popular due to its superior performance and longer lifespan compared to conventional oil. In the United States, the synthetic oil industry has seen significant growth in the past decade, with major oil companies such as Mobil and Royal Dutch Shell investing heavily in the development and production of synthetic oils.

The anticipated future trajectory of the NAICS 424690-60 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The synthetic oils wholesale industry in the USA is expected to grow in the coming years due to the increasing demand for synthetic oils in various applications such as automotive, industrial, and marine. The growth of the automotive industry and the increasing demand for fuel-efficient vehicles are expected to drive the demand for synthetic oils. Additionally, the increasing demand for synthetic oils in the industrial sector for machinery and equipment is expected to contribute to the growth of the industry. However, the industry may face challenges such as the volatility of crude oil prices and the increasing popularity of electric vehicles, which may reduce the demand for synthetic oils in the automotive industry.

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

• Mobil 1 Extended Performance: A synthetic motor oil that provides long-lasting engine protection and performance.
• Royal Purple HMX: A high-mileage synthetic motor oil that helps to reduce engine wear and improve fuel efficiency.
• Amsoil Signature Series: A synthetic motor oil that provides maximum protection and performance in extreme temperatures and conditions.
• Red Line Synthetic Oil: A range of synthetic oils for various applications such as racing, marine, and industrial.
• Pennzoil Platinum: A synthetic motor oil that provides superior cleansing and protection for modern engines.