NAICS Code 424720-16 - Oils-Industrial (Wholesale)

Marketing Level - NAICS 8-Digit

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Contact Emails: 297
Company Websites: 37
Phone Numbers: 41
Business Addresses: 41
Companies with Email: 24
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NAICS CODE 424720-16
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NAICS Code 424720-16 Description (8-Digit)

The Oils-Industrial (Wholesale) industry involves the wholesale distribution of industrial oils, such as cutting oils, hydraulic oils, and gear oils, to various businesses and industries. These oils are used for a variety of purposes, including lubrication, cooling, and cleaning of machinery and equipment. Companies in this industry typically purchase large quantities of oils from manufacturers and then sell them to smaller distributors or directly to end-users.

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 Oils-Industrial (Wholesale) industry for day-to-day tasks and operations.

  • Oil pumps
  • Oil filters
  • Oil drums
  • Oil dispensing systems
  • Oil analysis equipment
  • Oil skimmers
  • Oil absorbent materials
  • Oil spill containment kits
  • Oil storage tanks
  • Oil transfer pumps

Industry Examples of Oils-Industrial (Wholesale)

Common products and services typical of NAICS Code 424720-16, illustrating the main business activities and contributions to the market.

  • Cutting oils for metalworking
  • Hydraulic oils for heavy machinery
  • Gear oils for automotive transmissions
  • Transformer oils for electrical equipment
  • Compressor oils for air compressors
  • Turbine oils for power generation equipment
  • Heat transfer oils for industrial heating systems
  • Rust preventatives for metal surfaces
  • Metalworking fluids for machining operations
  • Quenching oils for heat treatment processes

History

A concise historical narrative of NAICS Code 424720-16 covering global milestones and recent developments within the United States.

  • The industrial oils wholesale industry has a long history dating back to the 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 other petroleum-based products. During World War II, the industry played a crucial role in supplying fuel and lubricants to the military. In recent years, the industry has faced challenges due to increased competition from alternative energy sources and environmental concerns. In the United States, the industry has seen a shift towards more sustainable and environmentally friendly products, such as biofuels and synthetic lubricants.