NAICS Code 424720-10 - Lubricating Compounds (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 424720-10
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NAICS Code 424720-10 Description (8-Digit)

The Lubricating Compounds (Wholesale) industry involves the distribution of lubricating compounds to various businesses and industries. Lubricating compounds are substances that are used to reduce friction between two surfaces in contact with each other. These compounds are used in a wide range of applications, including automotive, industrial, and marine industries. The lubricating compounds that are distributed by companies in this industry include oils, greases, and other lubricants.

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 Lubricating Compounds (Wholesale) industry for day-to-day tasks and operations.

  • Grease guns
  • Oil filter wrenches
  • Oil drain pans
  • Oil filter pliers
  • Oil filter crushers
  • Oil filter sockets
  • Oil filter cutters
  • Oil filter drain tools
  • Oil filter wrench pliers
  • Oil filter strap wrenches
  • Grease fittings
  • Grease couplers
  • Grease pumps
  • Grease guns
  • Grease dispensers
  • Grease guns
  • Grease guns
  • Grease guns
  • Grease guns

Industry Examples of Lubricating Compounds (Wholesale)

Common products and services typical of NAICS Code 424720-10, illustrating the main business activities and contributions to the market.

  • Automotive repair shops
  • Industrial machinery manufacturers
  • Marine equipment manufacturers
  • Construction equipment manufacturers
  • Mining equipment manufacturers
  • Agricultural equipment manufacturers
  • Aerospace manufacturers
  • Railroad equipment manufacturers
  • Power generation equipment manufacturers
  • Heavy equipment rental companies

History

A concise historical narrative of NAICS Code 424720-10 covering global milestones and recent developments within the United States.

  • The lubricating compounds industry has a long history dating back to ancient times when animal fats and vegetable oils were used to lubricate machinery. In the 19th century, mineral oils were discovered and became the primary lubricant used in machinery. The first synthetic lubricants were developed in the early 20th century, and by the 1950s, synthetic lubricants had become widely used in the industry. In recent years, the industry has seen advancements in the development of biodegradable lubricants and the use of nanotechnology in lubricant production. In the United States, the industry has seen steady growth in recent years due to the increasing demand for lubricants in various industries such as automotive, aerospace, and manufacturing.