Major Group SIC 516 - Chemicals And Allied Products

SIC 516 - Chemicals And Allied Products

SIC 51 - Wholesale Trade-non-durable Goods
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 516 - Chemicals And Allied Products
  SIC 511 - Paper And Paper Products SIC 512 - Drugs, Drug Proprietaries, And Druggists' Sundries SIC 513 - Apparel, Piece Goods, And Notions SIC 514 - Groceries And Related Products SIC 515 - Farm-product Raw Materials SIC 516 - Chemicals And Allied Products SIC 517 - Petroleum And Petroleum Products SIC 518 - Beer, Wine, And Distilled Alcoholic Beverages SIC 519 - Miscellaneous Non-durable Goods

Industry trends:

The Internet Publishing and Broadcasting industry, categorized under NAICS 516, is experiencing significant qualitative trends driven by advances in technology, changing consumer behavior, and evolving regulatory landscapes. One prominent trend is the growing importance of personalized content. Leveraging artificial intelligence (AI) and machine learning algorithms, companies are tailoring content to individual preferences, enhancing user engagement, and increasing time spent on platforms.

Another trend is the rise of short-form video content. Platforms like TikTok and Instagram Reels have revolutionized how content is consumed, with users favoring quick, engaging clips over longer formats. This shift is prompting internet publishers and broadcasters to adopt similar strategies, integrating short-form videos to capture audience attention rapidly.

Monetization strategies are also evolving, with a move towards subscription-based models. As advertising revenues fluctuate, companies are experimenting with paywalls, premium content subscriptions, and diversified revenue streams such as e-commerce collaborations and virtual events.

Looking ahead, the industry is expected to see continued growth in the integration of immersive technologies like virtual reality (VR) and augmented reality (AR). These technologies provide novel content experiences, from virtual concerts to interactive storytelling, creating new opportunities for audience engagement.

Additionally, data privacy and security concerns are becoming paramount as regulations such as GDPR and CCPA influence how personal data is collected and used. Companies must navigate these regulations carefully, balancing personalization with privacy to maintain user trust.

In summary, the NAICS 516 industry is on a path of rapid evolution, driven by advanced technologies, changing user preferences, and stricter regulatory requirements. These trends indicate a future where content is more personalized, immersive, and monetized through diverse models.

This industry is comprised of:

SIC 5162 - Plastics Materials And Basic Forms And Shapes

SIC 5169 - Chemicals And Allied Products, Not Elsewhere Classified

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