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

• Grease guns
• Grease pumps
• Grease fittings
• Grease cartridges
• Grease dispensers
• Grease guns with flexible hoses
• Grease guns with rigid pipes
• Grease applicators
• Grease nozzles
• Grease couplers

Common products and services typical of NAICS Code 424720-07, illustrating the main business activities and contributions to the market.

• Automotive greases
• Industrial greases
• Marine greases
• Food-grade greases
• High-temperature greases
• Low-temperature greases
• Lithium greases
• Calcium greases
• Polyurea greases
• Synthetic greases

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).
• NSF International Certification: This certification ensures that the company's products meet specific standards for safety, quality, and performance. It is provided by NSF International.
• UL Certification: This certification ensures that the company's products meet specific safety standards. It is provided by Underwriters Laboratories (UL).
• OSHA Compliance: This ensures that the company is following the Occupational Safety and Health Administration (OSHA) regulations for workplace safety.
• EPA Compliance: This ensures that the company is following the Environmental Protection Agency (EPA) regulations for environmental protection.

A concise historical narrative of NAICS Code 424720-07 covering global milestones and recent developments within the United States.

• The history of the Greases (Wholesale) industry dates back to the early 1900s when the automobile industry was booming. The need for lubricants and greases increased, and the industry started to grow. In the 1920s, the first synthetic grease was developed, which was a significant milestone in the industry. During World War II, the industry experienced a surge in demand as the military needed large quantities of lubricants and greases. In the 1950s, the industry saw the development of multipurpose greases, which could be used in various applications. In recent history, the industry has seen advancements in the development of biodegradable and environmentally friendly greases. In the United States, the industry has been growing steadily, with an increasing demand for greases in various industries, including automotive, aerospace, and manufacturing.

The anticipated future trajectory of the NAICS 424720-07 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 Greases (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for greases in various end-use industries such as automotive, construction, and manufacturing. The growth in the construction industry and the increasing demand for automobiles are expected to drive the demand for greases. Additionally, the increasing focus on energy efficiency and sustainability is expected to drive the demand for bio-based greases. The industry is also expected to benefit from the increasing adoption of e-commerce platforms, which is expected to improve the efficiency of the supply chain and reduce costs.

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

• Development Of Bio-Based Greases: The industry has witnessed the development of bio-based greases, which are made from renewable sources such as vegetable oils and animal fats. These greases are environmentally friendly and offer better performance than traditional petroleum-based greases.
• Introduction Of High-Performance Greases: The industry has seen the introduction of high-performance greases that offer better protection against wear and tear, corrosion, and extreme temperatures. These greases are designed to meet the specific needs of various end-use industries such as automotive, construction, and manufacturing.
• Adoption Of E-Commerce Platforms: The industry has witnessed the increasing adoption of e-commerce platforms, which has improved the efficiency of the supply chain and reduced costs. This has enabled wholesalers to reach a wider customer base and offer a wider range of products.
• Focus on Sustainability: The industry has seen a growing focus on sustainability, with companies adopting sustainable practices such as reducing waste, recycling, and using renewable energy sources. This has helped companies to reduce their environmental impact and improve their reputation.
• Increasing Investment In R&D: The industry has witnessed increasing investment in research and development, which has led to the development of new and innovative products. This has helped companies to stay competitive and meet the changing needs of their customers.