NAICS Code 424690-74 - Wood Restoring Products (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

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NAICS Code 424690-74 Description (8-Digit)

Wood Restoring Products (Wholesale) is a subdivision of Other Chemical and Allied Products Merchant Wholesalers industry. This industry involves the wholesale distribution of products that are used to restore and maintain wood surfaces. These products are designed to clean, protect, and enhance the natural beauty of wood. Wood restoring products are used in a variety of settings, including residential, commercial, and industrial applications. This industry is essential for the maintenance and preservation of wood surfaces, which are commonly used in construction, furniture, and other applications.

Hierarchy Navigation for NAICS Code 424690-74

Tools

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

  • Wood cleaners
  • Wood brighteners
  • Wood strippers
  • Wood sealers
  • Wood stains
  • Wood oils
  • Wood waxes
  • Sandpaper
  • Paint brushes
  • Rollers
  • Sprayers
  • Scrapers
  • Putty knives
  • Sponges
  • Rags
  • Gloves
  • Safety glasses
  • Respirators

Industry Examples of Wood Restoring Products (Wholesale)

Common products and services typical of NAICS Code 424690-74, illustrating the main business activities and contributions to the market.

  • Deck cleaners
  • Wood stain removers
  • Wood brightening agents
  • Wood sealants
  • Wood oils and finishes
  • Wood restoration kits
  • Wood cleaning solutions
  • Wood preservatives
  • Wood fillers
  • Wood putties

Certifications, Compliance and Licenses for NAICS Code 424690-74 - Wood Restoring Products (Wholesale)

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

  • EPA Safer Choice: The Safer Choice program is designed to help consumers and businesses find products that perform well and are safer for human health and the environment. Wood restoring products that meet the Safer Choice criteria can display the Safer Choice label. (Environmental Protection Agency)
  • Green Seal Certification: Green Seal is an independent non-profit organization that uses science-based standards and third-party certification to help consumers, purchasers, and companies make responsible choices that positively impact business behavior and improve quality of life. Wood restoring products that meet Green Seal standards can display the Green Seal certification. (Green Seal)
  • Forest Stewardship Council (FSC) Certification: The FSC is an international organization that promotes responsible management of the world's forests. Wood restoring products that meet FSC standards can display the FSC certification. (Forest Stewardship Council)
  • Sustainable Forestry Initiative (SFI) Certification: The SFI is a North American organization that promotes sustainable forest management. Wood restoring products that meet SFI standards can display the SFI certification. (Sustainable Forestry Initiative)
  • National Wood Flooring Association (NWFA) Certification: The NWFA is a non-profit trade association representing all segments of the hardwood flooring industry. The NWFA offers a certification program for wood flooring professionals, including those who work with wood restoring products. (National Wood Flooring Association)

History

A concise historical narrative of NAICS Code 424690-74 covering global milestones and recent developments within the United States.

  • The "Wood Restoring Products (Wholesale)" industry has a long history dating back to the early 20th century when the first wood preservatives were developed. The industry has since grown to include a wide range of products such as wood cleaners, brighteners, and sealers. In the United States, the industry saw significant growth in the 1970s and 1980s due to the popularity of log homes and the need for wood restoration products. In recent years, the industry has continued to grow due to the increasing demand for eco-friendly and sustainable wood restoration products. Notable advancements in the industry include the development of water-based wood sealers and the use of nanotechnology in wood restoration products.

Future Outlook for Wood Restoring Products (Wholesale)

The anticipated future trajectory of the NAICS 424690-74 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 Wood Restoring Products (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for wood restoration products in the construction and furniture industries. The rise in the number of renovation and remodeling projects in the residential and commercial sectors is also expected to drive the growth of the industry. Additionally, the increasing awareness about the benefits of using eco-friendly and sustainable wood restoration products is expected to create new opportunities for the industry players. However, the industry may face challenges due to the volatility of raw material prices and the increasing competition from substitute products.

Industry Innovations for NAICS Code 424690-74

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

  • Introduction Of Eco-Friendly Wood Restoration Products: Many companies in the Wood Restoring Products (Wholesale) industry have introduced eco-friendly and sustainable wood restoration products to cater to the increasing demand for environmentally friendly products. These products are made from natural ingredients and are free from harmful chemicals, making them safe for the environment and human health.
  • Development Of Advanced Wood Restoration Technologies: The industry players are investing in research and development to develop advanced wood restoration technologies that can provide better results in less time. For instance, some companies have developed wood restoration products that can restore the wood's natural color and texture in just one application.
  • Launch Of Online Sales Platforms: Many companies in the industry have launched online sales platforms to cater to the increasing demand for online shopping. These platforms provide customers with a convenient and hassle-free shopping experience and allow the industry players to reach a wider customer base.
  • Expansion Of Product Portfolio: The industry players are expanding their product portfolio to cater to the diverse needs of the customers. For instance, some companies have introduced wood restoration products that can be used on different types of wood, such as hardwood, softwood, and exotic wood.
  • Collaboration with Contractors and Builders: Many companies in the industry are collaborating with contractors and builders to promote their products and increase their sales. These collaborations help the industry players to reach a wider customer base and increase their brand visibility in the market.

NAICS Code 424690-74 - Wood Restoring Products (Wholesale)

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