The exact SIC code associated with injection molding is 30890609. This code specifically identifies businesses involved in the injection molding of plastics.
Understanding SIC Codes for Plastics Manufacturing
Standard Industrial Classification (SIC) codes are a system used by the U.S. government to classify businesses by industry. These four-digit codes help in collecting, analyzing, and publishing statistical data related to the economy. While 3089 is the broader, primary 4-digit SIC code for "Plastics Product, Not Elsewhere Classified," certain data providers and industry-specific lists may utilize extended codes, such as 30890609, to provide a more granular classification for specialized operations like injection molding.
Injection molding is a widely used manufacturing process for producing parts by injecting molten material into a mold. This process is integral to the plastics industry, creating a vast array of products from automotive components to consumer goods.
Key SIC Code Details for Injection Molding
The following table summarizes the relevant SIC code:
| SIC Code | Description | Category Scope |
|---|---|---|
| 30890609 | Injection Molding of Plastics | Specific to plastics injection molding operations |
| 3089 | Plastics Product, Not Elsewhere Classified | Broader category for various plastic product manufacturing not covered by more specific codes |
Practical Applications of SIC Codes
Understanding the SIC code for injection molding is valuable for various business and research purposes:
- Market Research: Businesses can use this code to identify competitors, understand market size, and analyze industry trends within the injection molding sector.
- Targeted Marketing: Companies offering services or products to injection molding businesses can utilize this SIC code to create precise mailing lists and develop targeted marketing campaigns.
- Business Analysis: Financial institutions, investors, and analysts may use SIC codes to evaluate the performance and risk profiles of companies within the plastics manufacturing industry.
- Industry Benchmarking: Businesses can compare their operational performance against industry averages using data categorized by SIC codes.
For instance, a company specializing in mold design or plastic resins might search for businesses with SIC code 30890609 to identify potential clients, ensuring their outreach is highly relevant and effective. Similarly, regulatory bodies might use these codes to monitor industry compliance and safety standards specific to plastics manufacturing processes.
