NAICS Code 424720-19 - Petrolatum (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 424720-19
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Looking for more companies? See NAICS 424720 - Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) - 8,134 companies, 57,059 emails.

NAICS Code 424720-19 Description (8-Digit)

Petrolatum (Wholesale) is a subdivision of the Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) industry. This industry involves the wholesale distribution of petrolatum, which is a semi-solid mixture of hydrocarbons that is commonly used in the production of cosmetics, pharmaceuticals, and other personal care products. Petrolatum is also used in the manufacturing of industrial products such as electrical insulators, rust preventatives, and 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 Petrolatum (Wholesale) industry for day-to-day tasks and operations.

  • Melting tanks
  • Mixing tanks
  • Filling machines
  • Labeling machines
  • Pumps
  • Hoses
  • Heat exchangers
  • Filters
  • Conveyors
  • Packaging equipment

Industry Examples of Petrolatum (Wholesale)

Common products and services typical of NAICS Code 424720-19, illustrating the main business activities and contributions to the market.

  • Cosmetics manufacturing
  • Pharmaceutical manufacturing
  • Personal care product manufacturing
  • Electrical insulation manufacturing
  • Rust preventative manufacturing
  • Lubricant manufacturing
  • Candle manufacturing
  • Adhesive manufacturing
  • Ink manufacturing
  • Paint manufacturing

History

A concise historical narrative of NAICS Code 424720-19 covering global milestones and recent developments within the United States.

  • Petrolatum is a byproduct of petroleum refining and has been used for centuries as a lubricant, waterproofing agent, and skin protectant. The wholesale industry for petrolatum began in the early 20th century, with companies like Vaseline and White Petroleum Jelly leading the way. During World War II, petrolatum was used extensively in the military for waterproofing and as a lubricant. In recent years, the industry has faced challenges due to the rise of alternative products like natural oils and plant-based waxes. However, petrolatum remains a popular ingredient in many personal care and cosmetic products, ensuring a steady demand for the wholesale industry. In the United States, the petrolatum wholesale industry has seen steady growth over the past few decades. According to the US Census Bureau, the industry generated $1.2 billion in revenue in 1997 and $1.8 billion in 2012. The growth can be attributed to the increasing demand for petrolatum-based products in the personal care and cosmetic industries. In addition, the industry has benefited from advancements in technology, which have made the refining and processing of petrolatum more efficient. Overall, the petrolatum wholesale industry in the US has a strong foundation and is poised for continued growth in the future.