NAICS Code 424720-05 - Gas-Liquefied Petro-Bttld/Bulk (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 424720-05 Description (8-Digit)

The Gas-Liquefied Petro-Bttld/Bulk (Wholesale) industry involves the wholesale distribution of liquefied petroleum gas (LPG) in both bottled and bulk form. LPG is a flammable hydrocarbon gas that is commonly used as a fuel for heating and cooking in residential, commercial, and industrial settings. This industry is responsible for the distribution of LPG to various retailers, such as gas stations, hardware stores, and supermarkets, as well as to industrial and commercial customers who use LPG for manufacturing processes and other applications.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 424720 page

Tools

Tools commonly used in the Gas-Liquefied Petro-Bttld/Bulk (Wholesale) industry for day-to-day tasks and operations.

  • LPG storage tanks
  • LPG transport trucks
  • LPG filling equipment
  • LPG pressure gauges
  • LPG safety valves
  • LPG regulators
  • LPG hoses and fittings
  • LPG vaporizers
  • LPG meters
  • LPG leak detectors

Industry Examples of Gas-Liquefied Petro-Bttld/Bulk (Wholesale)

Common products and services typical of NAICS Code 424720-05, illustrating the main business activities and contributions to the market.

  • LPG distributors
  • Gas appliance retailers
  • Hardware stores
  • Supermarkets
  • Industrial manufacturers
  • Commercial businesses
  • Agricultural operations
  • Construction companies
  • Heating and cooling contractors
  • Propane dealers

History

A concise historical narrative of NAICS Code 424720-05 covering global milestones and recent developments within the United States.

  • The Gas-Liquefied Petro-Bttld/Bulk (Wholesale) industry has a long history dating back to the early 20th century when propane was first discovered as a byproduct of natural gas processing. The industry grew rapidly during World War II when propane was used as a fuel for military vehicles and heating. In the 1950s, propane became a popular fuel for home heating and cooking, leading to a surge in demand for the industry. In recent years, the industry has seen significant growth due to the increasing demand for propane as a clean-burning fuel for vehicles and power generation. In the United States, the industry has also been impacted by the shale gas revolution, which has led to an increase in the production of natural gas liquids, including propane. This has resulted in a decline in the price of propane, making it more affordable for consumers and businesses.