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

• Oil pumps
• Grease guns
• Oil filter wrenches
• Oil drain pans
• Oil filter crushers
• Oil analysis kits
• Oil filter pliers
• Oil filter sockets
• Oil filter cutters
• Oil filter drain tools
• Grease fittings
• Grease couplers
• Grease whips
• Grease guns
• Grease pumps
• Grease guns
• Grease guns
• Grease guns
• Grease guns

Common products and services typical of NAICS Code 424720-12, illustrating the main business activities and contributions to the market.

• Automotive lubricants
• Industrial oils
• Marine lubricants
• Agricultural lubricants
• Heavy-duty engine oils
• Hydraulic oils
• Gear oils
• Transmission fluids
• Compressor oils
• Metalworking fluids

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

• API Certification: The American Petroleum Institute (API) provides certifications for various aspects of the petroleum industry, including the quality of oils and greases. The API Certification Mark indicates that a product meets certain quality standards set by the API.
• ISO 9001:2015 Certification: This certification is an international standard that sets out the requirements for a quality management system. It is applicable to any organization, regardless of size or industry. Obtaining this certification can help demonstrate a company's commitment to quality and customer satisfaction.
• OSHA Hazard Communication Standard: This standard requires that employers provide information to their employees about the hazardous chemicals they may be exposed to in the workplace. This includes oils and greases.
• EPA Spill Prevention, Control, and Countermeasure (SPCC) Plan: This plan is required for facilities that store, handle, or transport oil and petroleum products, including oils and greases. The plan outlines measures to prevent spills and to respond to them if they occur.
• DOT Hazardous Materials Transportation Certification: This certification is required for companies that transport hazardous materials, including oils and greases, by road, rail, air, or sea. It ensures that the company is following the regulations set by the Department of Transportation (DOT) for the safe transportation of these materials.

A concise historical narrative of NAICS Code 424720-12 covering global milestones and recent developments within the United States.

• The "Oils & Greases (Wholesale)" industry has a long and rich history dating back to the early 19th century when the first oil wells were drilled in Pennsylvania. The industry grew rapidly in the early 20th century with the advent of the automobile and the need for lubricants and fuels. During World War II, the industry played a crucial role in supplying the military with fuel and lubricants. In the post-war period, the industry continued to grow, driven by the expansion of the transportation sector and the increasing demand for petroleum-based products. In recent years, the industry has faced challenges due to the rise of alternative energy sources and the increasing focus on environmental sustainability. In the United States, the "Oils & Greases (Wholesale)" industry has undergone significant changes in recent decades. The industry has been impacted by the increasing regulation of the petroleum industry, the rise of alternative energy sources, and the changing demands of consumers. In the 1990s, the industry faced a major crisis with the Exxon Valdez oil spill, which led to increased scrutiny of the industry and a push for greater environmental responsibility. In the 2000s, the industry faced new challenges with the rise of electric vehicles and the increasing demand for renewable energy sources. Despite these challenges, the industry has continued to adapt and evolve, driven by technological advancements and changing consumer preferences.

The anticipated future trajectory of the NAICS 424720-12 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 Oils & Greases (Wholesale) industry in the USA is positive. The industry is expected to grow steadily in the coming years due to the increasing demand for petroleum and petroleum products. The growth of the automotive industry and the increasing demand for lubricants in the manufacturing sector are expected to drive the growth of the industry. Additionally, the increasing demand for bio-based lubricants and greases is expected to create new opportunities for the industry. However, the industry may face challenges due to the increasing competition from alternative energy sources and the growing demand for electric vehicles. Overall, the industry is expected to grow at a moderate pace in the coming years.

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

• Development Of Bio-Based Lubricants: The industry has witnessed the development of bio-based lubricants that are made from renewable sources such as vegetable oils and animal fats. These lubricants are eco-friendly and offer superior performance compared to traditional lubricants.
• Introduction Of Synthetic Lubricants: The industry has seen the introduction of synthetic lubricants that offer superior performance and longer service life compared to traditional lubricants. These lubricants are widely used in high-performance applications such as racing cars and aircraft engines.
• Use Of Nanotechnology In Lubricants: The industry has witnessed the use of nanotechnology in lubricants that offer superior performance and longer service life. Nanoparticles are added to lubricants to improve their wear resistance, reduce friction, and enhance their load-carrying capacity.
• Development Of Biodegradable Lubricants: The industry has seen the development of biodegradable lubricants that are eco-friendly and offer superior performance compared to traditional lubricants. These lubricants are widely used in marine and offshore applications.
• Introduction Of Smart Lubricants: The industry has witnessed the introduction of smart lubricants that can monitor the condition of the equipment and adjust their properties accordingly. These lubricants can help to reduce maintenance costs and improve the reliability of the equipment.