NAICS Code 424950-05 - Paint-Industrial (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 424950-05 Description (8-Digit)

Paint-Industrial (Wholesale) is a subdivision of the Paint, Varnish, and Supplies Merchant Wholesalers industry that specializes in the distribution of industrial-grade paints and coatings to businesses and organizations. This industry involves the wholesale of a wide range of paint products that are specifically designed for use in industrial settings, such as factories, warehouses, and manufacturing plants. Paint-Industrial (Wholesale) companies typically purchase large quantities of paint products directly from manufacturers and then distribute them to their customers, which can include construction companies, industrial maintenance firms, and other businesses that require high-quality paint products for their operations.

Hierarchy Navigation for NAICS Code 424950-05

Tools

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

  • Spray guns
  • Air compressors
  • Paint mixers
  • Sandblasting equipment
  • Paint brushes and rollers
  • Paint sprayers
  • Pressure washers
  • Paint booths
  • Abrasive blasting equipment
  • Paint thickness gauges

Industry Examples of Paint-Industrial (Wholesale)

Common products and services typical of NAICS Code 424950-05, illustrating the main business activities and contributions to the market.

  • Industrial machinery manufacturers
  • Aerospace companies
  • Automotive manufacturers
  • Steel mills
  • Chemical plants
  • Oil refineries
  • Construction companies
  • Bridge and highway maintenance firms
  • Mining companies
  • Power generation facilities

Certifications, Compliance and Licenses for NAICS Code 424950-05 - Paint-Industrial (Wholesale)

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

  • Green Seal Certification: This certification is awarded to products that meet environmental standards set by Green Seal, an independent non-profit organization. The certification ensures that the products are environmentally friendly and meet performance standards. (Green Seal,)
  • NSF International Certification: This certification is awarded to products that meet safety and quality standards set by NSF International, an independent organization that tests and certifies products. The certification ensures that the products are safe for use and meet quality standards. (NSF International, )
  • OSHA Hazard Communication Standard: This standard requires employers to provide information and training to employees about hazardous chemicals in the workplace. The standard ensures that employees are aware of the hazards associated with the chemicals they work with and know how to protect themselves. (OSHA, )
  • EPA Lead Renovation, Repair and Painting Rule: This rule requires contractors who work on pre-1978 homes and child-occupied facilities to be certified and follow specific work practices to prevent lead contamination. The rule ensures that lead hazards are minimized during renovation, repair, and painting activities. (EPA, )
  • DOT Hazardous Materials Regulations: These regulations govern the transportation of hazardous materials by air, rail, highway, and water. The regulations ensure that hazardous materials are transported safely and that the public and the environment are protected from the risks associated with hazardous materials. (DOT, )

History

A concise historical narrative of NAICS Code 424950-05 covering global milestones and recent developments within the United States.

  • The "Paint-Industrial (Wholesale)" industry has a long history dating back to ancient times when people used natural pigments to paint their homes and other structures. The industrial revolution in the 18th century brought about the mass production of paint, and the industry has been growing ever since. In the 20th century, the development of new technologies and materials led to the creation of more durable and long-lasting paints. In the United States, the industry has seen significant growth in recent years due to the increasing demand for eco-friendly and sustainable paints. For example, in 2019, Sherwin-Williams launched a new line of eco-friendly paints made from recycled plastic bottles.

Future Outlook for Paint-Industrial (Wholesale)

The anticipated future trajectory of the NAICS 424950-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Paint-Industrial (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for industrial paints from various end-use industries such as automotive, construction, and aerospace. The growth of the construction industry, especially in the commercial and residential sectors, is expected to drive the demand for industrial paints. Additionally, the increasing demand for eco-friendly and sustainable paints is expected to create new opportunities for the industry. The industry is also expected to benefit from the increasing adoption of automation and digitalization in the manufacturing process, which will help to improve efficiency and reduce costs.

Industry Innovations for NAICS Code 424950-05

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

  • PPG Industries introduced a new line of industrial coatings that are designed to protect metal surfaces from corrosion and wear. The coatings are formulated to provide superior adhesion, durability, and resistance to chemicals and abrasion.
  • Sherwin-Williams launched a new line of high-performance coatings that are designed to meet the needs of the aerospace industry. The coatings are formulated to provide excellent durability, corrosion resistance, and color retention.
  • AkzoNobel introduced a new line of eco-friendly industrial coatings that are made from renewable materials. The coatings are designed to provide excellent performance while reducing the environmental impact of the manufacturing process.
  • BASF launched a new line of industrial coatings that are designed to provide superior protection against corrosion and wear. The coatings are formulated to be highly durable and resistant to chemicals and abrasion.
  • Axalta introduced a new line of industrial coatings that are designed to provide excellent performance in harsh environments. The coatings are formulated to be highly durable and resistant to corrosion, chemicals, and abrasion.

NAICS Code 424950-05 - Paint-Industrial (Wholesale)

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