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NAICS Code 424950-06 Description (8-Digit)

The Paint (Wholesale) industry involves the distribution of paint, varnish, and other related supplies to retailers, contractors, and other end-users. This industry is responsible for providing a wide range of products to meet the needs of various customers, including interior and exterior paints, primers, stains, and specialty coatings. Paint (Wholesale) companies typically purchase products from manufacturers and then distribute them to their customers, often providing additional services such as color matching, product recommendations, and technical support.

Hierarchy Navigation for NAICS Code 424950-06

Tools

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

  • Paint mixers
  • Paint sprayers
  • Paint brushes and rollers
  • Sandpaper and sanding tools
  • Paint scrapers and putty knives
  • Caulking guns
  • Drop cloths and tarps
  • Paint trays and buckets
  • Paint thinners and solvents
  • Safety equipment (e.g. respirators, gloves, goggles)

Industry Examples of Paint (Wholesale)

Common products and services typical of NAICS Code 424950-06, illustrating the main business activities and contributions to the market.

  • Interior paint
  • Exterior paint
  • Primers
  • Stains
  • Specialty coatings
  • Industrial coatings
  • Automotive paint
  • Roof coatings
  • Concrete sealers
  • Wood finishes

Certifications, Compliance and Licenses for NAICS Code 424950-06 - Paint (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 is available for a variety of products, including paints and coatings. The certification ensures that the product is environmentally friendly and meets certain performance standards.
  • Leadership In Energy and Environmental Design (LEED) Certification: This certification is awarded to buildings that meet certain environmental standards set by the U.S. Green Building Council. Paints and coatings used in these buildings must meet certain environmental standards to be eligible for LEED certification.
  • National Institute Of Standards and Technology (NIST) Certification: This certification is awarded to products that meet certain standards set by the National Institute of Standards and Technology. Paints and coatings can be certified for their performance and durability.
  • Occupational Safety and Health Administration (OSHA) Certification: This certification is awarded to companies that meet certain safety standards set by the Occupational Safety and Health Administration. Companies that handle paints and coatings must meet certain safety standards to protect their employees.
  • Volatile Organic Compounds (VOC) Certification: This certification is awarded to products that meet certain environmental standards for VOC emissions. Paints and coatings can be certified for their low VOC emissions.

History

A concise historical narrative of NAICS Code 424950-06 covering global milestones and recent developments within the United States.

  • The "Paint (Wholesale)" industry has a long history dating back to ancient times when people used natural pigments to paint cave walls. The first synthetic paint was invented in the 19th century, and the industry has been growing ever since. In the United States, the industry experienced significant growth during the post-World War II era, as the construction industry boomed and demand for paint increased. In recent years, the industry has seen advancements in technology, such as the development of eco-friendly paints and coatings, which are becoming increasingly popular due to their low environmental impact and health benefits.

Future Outlook for Paint (Wholesale)

The anticipated future trajectory of the NAICS 424950-06 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 Paint (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for paint and coatings from various end-use industries such as construction, automotive, and aerospace. The growth in the construction industry, especially in the residential sector, is expected to drive the demand for paint and coatings. 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 growth of e-commerce, which is making it easier for wholesalers to reach a wider customer base. However, the industry may face challenges such as rising raw material costs and increasing competition from imports. Overall, the industry is expected to grow at a steady pace in the coming years.

Industry Innovations for NAICS Code 424950-06

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

  • Low-VOC Paints: Low-VOC (volatile organic compound) paints have become increasingly popular in recent years due to their eco-friendliness and low toxicity. These paints emit fewer harmful chemicals than traditional paints, making them a safer and healthier option for consumers.
  • Smart Paints: Smart paints are a new type of paint that can change color or texture in response to changes in temperature, light, or other environmental factors. These paints have a wide range of potential applications, from temperature-sensitive coatings for buildings to color-changing car paints.
  • Anti-Microbial Paints: Anti-microbial paints are designed to inhibit the growth of bacteria, viruses, and other microorganisms. These paints are becoming increasingly popular in healthcare facilities, schools, and other public spaces where the risk of infection is high.
  • Self-Cleaning Paints: Self-cleaning paints are designed to repel dirt, dust, and other contaminants, making them ideal for use in high-traffic areas or areas that are difficult to clean. These paints are becoming increasingly popular in commercial and industrial settings.
  • Digital Color Matching: Digital color matching technology allows wholesalers to match paint colors more accurately and efficiently than ever before. This technology uses computer algorithms to analyze the color of a sample and create a custom paint formula that matches it exactly.

NAICS Code 424950-06 - Paint (Wholesale)

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