PRSC awards honors champions in Permian Basin Road Safety
"We received a record number of nominations for these awards, which recognize drivers, first responders, and company programs that are making a positive difference in road safety across the Permian Basin," PRSC President & CEO Michael Smith said in a news release. "Their contributions to enhancing road safety truly set the mark for us all. We thank Texas Mutual for its sponsorship again this year."
Receiving the "Second to None" Award was Eddy County, New Mexico, Fire & Rescue Chief Josh Mack. This award recognizes a Permian Basin first responder who has demonstrated heroic action in service to our community. Chief Mack partnered with PRSC to launch an initiative to help "rehome" excess lifesaving equipment to Dell City, Texas, Fire & EMS.
Texas Department of Public Safety Sergeant Steven Blanco received the "Front Seat Driver" Award for his leadership in assisting the PRSC in executing the local infrastructure improvement strike team — a targeted campaign to improve roadway intersections with recorded frequent crashes and fatalities.
The "No Need for Speed" Award honored Jesse Madrano with Chevron. This award recognizes a driver who has demonstrated exemplary driving habits. Madrano drove 1,023 hours in 2024 with zero infractions recorded by onboard technology.
Michael Sims and Danny Yeager with Western Midstream received the "Safe and Sound" Award, which recognizes health, safety & environmental professionals who have demonstrated a total commitment to road safety during their careers.
The Business Partner Safety Improvement Council (a collaboration among Chevron, Ranger, SLB, and Ryder) received "The Extra Mile" Award. The co-winners were recognized for programs implemented during the past two years that have positively impacted safety metrics inside their companies, outside their companies, or both.
Ranger Energy Services representative Jim Kulis was also honored with "The Extra Mile" Award. Under Kulis' leadership, Ranger implemented an internal road safety program that resulted in a dramatic decrease in vehicle incidents over a twenty-four month period.
The Permian Road Safety Coalition (PRSC) is based in Midland and leads a collaborative effort with oil and natural gas operators, oil field service and transportation companies, non-governmental and governmental organizations to improve road safety and reduce the number of traffic-related injuries and deaths in the Permian Basin. Learn more at www.permianroadsafety.org.
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[Latest] Global Industrial Lubricant Market Size/Share Worth USD 42.45 Billion by 2034 at a 5.12% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Industrial Lubricant Market size & share revenue was valued at approximately USD 25.76 Billion in 2024 and is expected to reach USD 26.03 Billion in 2025 and is expected to reach around USD 42.45 Billion by 2034, at a CAGR of 5.12% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are ExxonMobil Corporation, Quaker Chemical Corporation, Fuchs Petrolub SE, BP plc, TotalEnergies SE, Apar Industries Ltd., Calumet Specialty Products Partners L.P., Chevron Corporation, China Petroleum & Chemical Corp. (Sinopec Corporation), Repsol SA, Philips 66, Raj Petro Specialities Pvt. Ltd, Nynas AB, Valvoline Inc, Shell plc., Savita Oil Technologies Ltd and others. Austin, TX, USA, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled 'Industrial Lubricant Market Size, Trends and Insights By Type (Conventional, Synthetic, Bio-based/re-refined., Others), By Application (Manufacturing, Transportation Equipment, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' in its research database. 'According to the latest research study, the demand of global Industrial Lubricant Market size & share was valued at approximately USD 25.76 Billion in 2024 and is expected to reach USD 26.03 Billion in 2025 and is expected to reach a value of around USD 42.45 Billion by 2034, at a compound annual growth rate (CAGR) of about 5.12% during the forecast period 2025 to 2034.' Click Here to Access a Free Sample Report of the Global Industrial Lubricant Market @ Industrial Lubricant Market Overview According to industry experts at CMI, the implementation of new strategies and technologies by manufacturers presents lucrative opportunities for players in the Industrial Lubricant Market during the forecast period. Furthermore, the growing significance of organized retailing is expected to drive the future growth of the market. Industrial Lubricant Market Growth Factors and Dynamics Driving Industrial Automation and Heavy Equipment Demand: Manufacturers are heavily investing in robotics, industrial automation, and advanced manufacturing technologies, all of which need high-performance lubricants to operate smoothly. Heavy equipment employed in the steel, automotive, construction, and mining sectors works under harsh conditions and needs specialized lubricants to reduce friction, wear, and energy loss. For example, Germany's and Japan's computerized car plants rely on synthetic and high-temperature lubricants to ensure production continuity. With industries embracing intelligent manufacturing practices, there will be an enormous demand for lubricants with uses for automated machinery, propelling the growth of the market. Development of the Manufacturing Sector of Developing Nations: Developing nations like China, India, Brazil, and Vietnam have witnessed remarkable manufacturing sector growth through the pro-manufacturing policies followed by their government and foreign capital. Industrial lubricants play an important role in sustaining machinery functionality and ease of operation and the efficiency of the textile, electronics, and metal production industries. For example, India's 'Make in India' initiative has accelerated the construction of new factories, thereby boosting the usage of lubricants. As developing markets strengthen their manufacturing base, the lubricant market will witness consistent and strong demand. Request a Customized Copy of the Industrial Lubricant Market Report @ Industrial Lubricant Market Restraints Volatility in Raw Material Prices: Manufacturers are facing the constant challenge of crude oil shortage and chemical feedstock volatility in lubricant formulation. This volatility increases the cost of production, resulting in tightened profit margins and potentially higher end-user prices. Ultimately, it would hold the key to curtailing market growth. Environmental Regulations and Sustainability Pressures: Government agencies in Asia Pacific, North America, and the EU have implemented strict controls on emissions, the use of chemicals, and disposal methods. Compliance with these environmental regulations forces companies to invest significant amounts of capital in producing cleaner products, significantly increasing research, development, and production expenses. Industrial Lubricant Market Trends Development of High-Performance Synthetic Lubricants: Synthetic lubricants are quickly gaining popularity because of their higher thermal stability, oxidation resistance, and longer drain intervals. Companies are launching synthetic products tailored for high-load, high-temperature industrial use, enhancing operational efficiency in industries like aerospace and heavy manufacturing. Report Scope Feature of the Report Details Market Size in 2025 USD 26.03 Billion Projected Market Size in 2034 USD 42.45 Billion Market Size in 2024 USD 25.76 Billion CAGR Growth Rate 5.12% CAGR Base Year 2024 Forecast Period 2025-2034 Key Segment By Type, Application and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. (A free sample of the Industrial Lubricant report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the following: Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report. The COVID-19 Pandemic Outbreak Impact Analysis is included in the package. About 220+ Pages Research Report (Including Recent Research) Provide detailed chapter-by-chapter guidance on the Request. Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025 Includes Tables and figures have been updated. The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Custom Market Insights (CMI) research methodology (Please note that the sample of the Industrial Lubricant report has been modified to include the COVID-19 impact study prior to delivery.) Request a Customized Copy of the Industrial Lubricant Market Report @ Industrial Lubricant Market SWOT Analysis Strengths: The Global Industrial Lubricant Market is favored by the consistent growth of heavy industries, manufacturing, automotive, and construction industries. With industrialization gaining momentum across the world, the need for machinery maintenance and operational efficiency increases, directly promoting lubricant consumption. Ongoing developments in synthetic lubricants provide improved performance, with better thermal stability, oxidation resistance, and longer service life. These developments allow top manufacturers to provide value-added products that enhance equipment reliability and minimize downtime. Moreover, established distribution networks and brand loyalty in mature economies like North America and Europe also add to the market's resilience against economic downturns. Weaknesses: The market is confronted with significant internal weaknesses, including volatile raw material prices, specifically those related to crude oil and petroleum derivatives critical in lubricant formulations. Constant price fluctuations strain profit margins and challenge pricing strategies. The business is also subject to tight green regulations, involving considerable investments in R&D toward formulating more environmentally friendly chemicals, which makes the cost of production higher and potentially causes postponement in market introductions. Also, limited availability and associated premium pricing of sustainable, bio-based lubricants in certain geographical areas can temporarily constrain industry development, especially in economies that are cost-sensitive. Opportunities: There is an increasing global focus on clean energy and sustainability, which creates significant opportunities. As businesses change their processes towards clean ones, consumption of biodegradable, non-toxic lubricants increases dramatically. An expansion of solar farm and wind farm activities further pushes demand for higher-performance lubricant used by these turbines as well as allied machinery. Moreover, the emerging technologies within IoT-based predictive maintenance solutions provide lubricant producers with new revenue opportunities where they can combine lubricant sales and condition monitoring and lifecycle management services, thereby increasing customer loyalty and long-term growth. Threats: New technologies in non-traditional lubrication products, including solid lubricants and self-lubricating composites, present increasing threats to conventional liquid lubricants, especially in high-technology production industries. Base oil prices are positively affected by crude oil price volatility, leading to cost uncertainty. Increased environmental legislation, particularly in Europe and North America, has the potential to increase the costs of compliance for low-innovation manufacturers. Finally, industrial process changes, including the use of maintenance-free equipment, may cut demand for lubricants in a number of specialized applications during a span of time. Request a Customized Copy of the Industrial Lubricant Market Report @ Key questions answered in this report: What is the size of the Industrial Lubricant market and what is its expected growth rate? What are the primary driving factors that push the Industrial Lubricant market forward? What are the Industrial Lubricant Industry's top companies? What are the different categories that the Industrial Lubricant Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the Industrial Lubricant market sample report and company profiles? Key Offerings: Market Share, Size & Forecast by Revenue | 2025−2034 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors Buy this Premium Industrial Lubricant Research Report | Fast Delivery Available - [220+ Pages] @ Industrial Lubricant Market Regional Analysis The Asia-Pacific region holds the maximum share of the global industrial lubricant market in the year 2024, driven by its massive industrialization, rapid economic development, and booming manufacturing sector. China, India, Japan, and South Korea have been competing rigorously in global manufacturing sectors, from vehicle manufacturing and heavy machinery to electronics and textiles. China, the world's largest manufacturing base, consumes industrial lubricants on a humongous scale to drive its steel plants, factories, and transportation networks. As a point in case, China's dominance in steel production and India's massive rise in automotive manufacturing directly drive monumental demand for industrial lubricants. Additionally, the region's increasing investments in construction, mining, and renewable energy segments bring in more machinery and heavy equipment lubrication demands. Unlike mature economies in North America and Europe, the Asia-Pacific region is under constant development in terms of infrastructure, industrialization, and expansions of new factory plants, factors that lead to increased lubricant consumption levels. Moreover, governments in nations such as India and Vietnam encourage local manufacturing under programs such as 'Make in India' and 'Made in Vietnam,' further fueling lubricant demand. Therefore, the Asia-Pacific region not only dominates consumption volume but also drives innovation in lubricant technologies so that its commanding position in the global market does not get challenged in the coming decade. Request a Customized Copy of the Industrial Lubricant Market Report @ (We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.) Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? Email Directly Here with Detail Information: support@ Browse the full 'Industrial Lubricant Market Size, Trends and Insights By Type (Conventional, Synthetic, Bio-based/re-refined., Others), By Application (Manufacturing, Transportation Equipment, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' Report at List of the prominent players in the Industrial Lubricant Market: ExxonMobil Corporation Quaker Chemical Corporation Fuchs Petrolub SE BP plc TotalEnergies SE Apar Industries Ltd. Calumet Specialty Products Partners L.P. Chevron Corporation China Petroleum & Chemical Corp (Sinopec Corporation) Repsol SA Philips 66 Raj Petro Specialities Pvt. Ltd Nynas AB Valvoline Inc Shell plc. Savita Oil Technologies Ltd. Others Click Here to Access a Free Sample Report of the Global Industrial Lubricant Market @ Spectacular Deals Comprehensive coverage Maximum number of market tables and figures The subscription-based option is offered. Best price guarantee Free 35% or 60 hours of customization. Free post-sale service assistance. 25% discount on your next purchase. Service guarantees are available. Personalized market brief by author. 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Others By Application Manufacturing Transportation Equipment Others Click Here to Get a Free Sample Report of the Global Industrial Lubricant Market @ Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America This Industrial Lubricant Market Research/Analysis Report Contains Answers to the following Questions. Which Trends Are Causing These Developments? Who Are the Global Key Players in This Industrial Lubricant Market? What are the company profiles, product information, and contact details for these key players? What Was the Global Market Status of the Industrial Lubricant Market? What Was the Capacity, Production Value, Cost and PROFIT of the Industrial Lubricant Market? What Is the Current Market Status of the Industrial Lubricant Industry? What's the market's competition in this industry, both company-wise and country-wise? What's the market analysis of the industrial lubricant market, considering applications and types? What Are Projections of the Global Industrial Lubricant Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is Industrial Lubricant Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is the Economic Impact On Industrial Lubricant Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are Market Dynamics of Industrial Lubricant Market? What Are Challenges and Opportunities? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Industrial Lubricant Industry? Click Here to Access a Free Sample Report of the Global Industrial Lubricant Market @ Reasons to Purchase Industrial Lubricant Market Report Industrial Lubricant Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. Industrial Lubricant Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. Industrial Lubricant Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. The report includes extensive company profiles, which include company overviews, insights, product benchmarking, and SWOT analyses for the major market players. The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions. Industrial Lubricant Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain. Reasons for the Research Report The study provides a thorough overview of the global Industrial Lubricant market. Compare your performance to that of the market as a whole. Aim to maintain competitiveness while innovations from established key players fuel market growth. Buy this Premium Industrial Lubricant Research Report | Fast Delivery Available - [220+ Pages] @ What does the report include? Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Industrial Lubricant market analysis. The competitive environment of current and potential participants in the Industrial Lubricant market is covered in the report, as well as those companies' strategic product development ambitions. According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions. The report provides actual market sizes and forecasts for each segment mentioned above. Who should buy this report? Participants and stakeholders worldwide Industrial Lubricant market should find this report useful. The research will be useful to all market participants in the Industrial Lubricant industry. Managers in the Industrial Lubricant sector are interested in publishing up-to-date and projected data about the worldwide Industrial Lubricant market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Industrial Lubricant products' market trends. Analysts, researchers, educators, strategy managers, and government organizations seek market insights to develop their plans. Request a Customized Copy of the Industrial Lubricant Market Report @ About Custom Market Insights: Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains. CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey. Follow Us: LinkedIn | Twitter | Facebook | YouTube Contact Us: Joel John CMI Consulting LLC 1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702 USA: +1 737-734-2707 India: +91 20 46022736 Email: support@ Web: Blog: Blog: Blog: Blog: Buy this Premium Industrial Lubricant Research Report | Fast Delivery Available - [220+ Pages] @
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