NAICS Code 424990-83 - Rubber-Crude (Wholesale)
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NAICS Code 424990-83 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424990-83
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Tools
Tools commonly used in the Rubber-Crude (Wholesale) industry for day-to-day tasks and operations.
- Rubber processing machinery
- Rubber mixing equipment
- Vulcanizing presses
- Extruders
- Calenders
- Rubber testing equipment
- Rubber cutting machines
- Rubber molding machines
- Rubber grinding machines
- Rubber compounding equipment
Industry Examples of Rubber-Crude (Wholesale)
Common products and services typical of NAICS Code 424990-83, illustrating the main business activities and contributions to the market.
- Rubber plantations
- Tire manufacturers
- Hose manufacturers
- Belt manufacturers
- Rubber gasket manufacturers
- Rubber seal manufacturers
- Rubber mat manufacturers
- Rubber sheet manufacturers
- Rubber flooring manufacturers
- Rubber conveyor belt manufacturers
Certifications, Compliance and Licenses for NAICS Code 424990-83 - Rubber-Crude (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
- OSHA Hazard Communication Standard: This certification ensures that the company has a program in place to communicate information about hazardous chemicals to employees. It is provided by the Occupational Safety and Health Administration (OSHA).
- DOT Hazardous Materials Transportation Certification: This certification ensures that the company is compliant with regulations for transporting hazardous materials. It is provided by the Department of Transportation (DOT).
- EPA Spill Prevention, Control, and Countermeasure (SPCC) Plan Certification: This certification ensures that the company has a plan in place to prevent and respond to oil spills. It is provided by the Environmental Protection Agency (EPA).
- ASTM International Standards: This organization provides a variety of standards related to rubber and rubber products, including testing methods and specifications. Compliance with these standards can be beneficial for companies in the industry.
History
A concise historical narrative of NAICS Code 424990-83 covering global milestones and recent developments within the United States.
- The rubber industry has a long and fascinating history, dating back to the early 19th century when rubber was first discovered in South America. The industry grew rapidly in the late 1800s and early 1900s, with the development of synthetic rubber and the widespread use of rubber in the automotive industry. In the United States, the rubber industry played a crucial role in the country's economic growth during World War II, as rubber was essential for the production of military vehicles and equipment. In recent years, the industry has faced challenges due to the increasing popularity of synthetic materials and the decline in demand for natural rubber. However, the industry has adapted to these changes by focusing on new applications for rubber, such as in the production of medical devices and renewable energy technologies.
Future Outlook for Rubber-Crude (Wholesale)
The anticipated future trajectory of the NAICS 424990-83 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Rubber-Crude (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for rubber in various sectors such as automotive, construction, and healthcare. The growing demand for eco-friendly and sustainable products is also expected to drive the growth of the industry. The industry is also expected to benefit from the increasing adoption of automation and digitalization in the supply chain, which will help to reduce costs and improve efficiency. However, the industry may face challenges such as price volatility and supply chain disruptions due to geopolitical tensions and natural disasters.
Industry Innovations for NAICS Code 424990-83
Recent groundbreaking advancements and milestones in the Rubber-Crude (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Development Of New Rubber Grades: The industry has witnessed the development of new rubber grades that offer improved performance and durability. For instance, the development of high-performance elastomers that can withstand extreme temperatures and harsh environments has opened up new opportunities for the industry.
- Use Of Recycled Rubber: The industry has started to focus on the use of recycled rubber as a sustainable alternative to virgin rubber. This has led to the development of new products such as recycled rubber mats, flooring, and playground surfaces.
- Adoption Of Automation: The industry has started to adopt automation and digitalization in the supply chain to improve efficiency and reduce costs. For instance, the use of automated storage and retrieval systems (ASRS) has helped to reduce labor costs and improve inventory management.
- Expansion Into New Markets: The industry has started to expand into new markets such as Asia and Africa, where there is a growing demand for rubber products. This has helped to diversify the customer base and reduce dependence on traditional markets.
- Collaboration with Other Industries: The industry has started to collaborate with other industries such as automotive and construction to develop new products and applications. For instance, the development of rubber-based adhesives and sealants for the construction industry has opened up new opportunities for the industry.
NAICS Code 424990-83 - Rubber-Crude (Wholesale)
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