SIC Code 5172-11 - Lubricants (Wholesale)

The Lubricants (Wholesale) industry involves the distribution of lubricants, which are substances used to reduce friction between two surfaces in contact. These lubricants can be in the form of oils, greases, or other compounds and are used in a variety of industries such as automotive, aerospace, marine, and manufacturing. Companies in this industry purchase lubricants in bulk from manufacturers and then distribute them to retailers, commercial businesses, and other end-users. The Lubricants (Wholesale) industry is highly competitive, with many players in the market. Companies in this industry must have a strong understanding of the lubricants they are distributing, as well as the needs of their customers. They must also have a strong logistics network to ensure timely delivery of their products. The demand for lubricants is closely tied to the overall health of the economy, as lubricants are used in a variety of industries. As such, the Lubricants (Wholesale) industry can experience fluctuations in demand based on economic conditions. Overall, the Lubricants (Wholesale) industry plays a critical role in ensuring that businesses and industries have the lubricants they need to operate efficiently and effectively.