The Global Naphthenic Process Oil Market was valued at USD 1.73 Billion in 2023 and is projected to reach USD 2.76 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period (2023–2030). This growth is being driven by increasing demand from the rubber and polymer industries, growing applications in personal care formulations, and the accelerating adoption of high-performance lubricants across manufacturing and industrial sectors.

As industrial processes evolve toward efficiency, sustainability and specialized performance requirements, the focus intensifies on key process oil suppliers who are driving innovation, product quality, and cleaner lubricant solutions. In this blog, we profile the Top 10 Companies in the Naphthenic Process Oil Industry—a blend of international energy corporations, specialized refiners, and technical innovators shaping the future of industrial processing.

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🔟 1. Royal Dutch Shell PLC

Headquarters: London, United Kingdom
Key Offering: Shell Naturelle Process Oils, High-Purity Naphthenic Oils

Shell is a global leader in naphthenic process oils, offering specialized grades for rubber processing, polymer compounding and industrial applications. Their process oil division serves a diverse range of industries, including automotive, construction, and consumer goods manufacturing, with significant investments in purification technologies and sustainability enhancements.

Sustainability Initiatives:

• Development of low-PCA (Polycyclic Aromatics) oils for safer applications
• Partnerships with rubber and polymer manufacturers for optimized formulations
• Commitment to carbon neutrality across energy products by 2050

Download FREE Sample Report: Naphthenic Process Oil Market – View in Detailed Research Report

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9️⃣ 2. Nynas AB

Headquarters: Stockholm, Sweden
Key Offering: NYTEX, NYFLEX Premium Naphthenic Oils

Nynas specializes exclusively in naphthenic oils and bitumen products, positioning itself as a technical expert in the specialized process oil segment.

Sustainability Initiatives:

• Advanced hydrotreatment for improved product purity
• Focus on circular economy principles in oil production

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8️⃣ 3. ExxonMobil Corporation

Headquarters: Irving, Texas, USA
Key Offering: ExxonMobil Process Oils, High-Performance Naphthenic Grades

ExxonMobil offers a comprehensive portfolio of naphthenic process oils used in tire manufacturing, industrial lubricants and sealing compounds.

Sustainability Initiatives:

• Investment in next-generation refining technologies
• Partnerships with automotive OEMs for specialized lubricant development

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7️⃣ 4. TotalEnergies

Headquarters: Paris, France
Key Offering: TotalEnergies NAPREX Process Oils

TotalEnergies provides high-quality naphthenic process oils through advanced refining processes, with growing emphasis on sustainable production methods.

Sustainability Initiatives:

• Development of bio-based process oil alternatives
• Commitment to reducing environmental footprint of industrial lubricants

Download FREE Sample Report: Naphthenic Process Oil Market – View in Detailed Research Report

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6️⃣ 5. Chevron Corporation

Headquarters: San Ramon, California, USA
Key Offering: Chevron Process Oils, Naphthenic Specialties

Chevron’s process oil division focuses on developing specialized naphthenic oils for demanding industrial applications.

Sustainability Initiatives:

• Implementation of advanced separation technologies
• Focus on energy-efficient production processes

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5️⃣ 6. Avista Oil AG

Headquarters: Uetze, Germany
Key Offering: High-Purity Naphthenic Process Oils, Re-refined Alternatives

Avista Oil specializes in high-performance naphthenic process oils and offers re-refined oil options, demonstrating strong commitment to circular economy principles.

Sustainability Initiatives:

• Pioneering re-refining technologies for circular solutions
• Development of low-volatility process oils for safer handling

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4️⃣ 7. Repsol

Headquarters: Madrid, Spain
Key Offering: Repsol Process Oils, Customized Naphthenic Grades

Repsol provides a range of naphthenic process oils tailored for specific industrial applications across Europe and Latin America.

Sustainability Initiatives:

• Investment in sustainable refining technologies
• Development of specialized oils for high-temperature applications

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3️⃣ 8. Ergon, Inc.

Headquarters: Jackson, Mississippi, USA
Key Offering: Ergon HyPrene Process Oils

Ergon is a prominent player in the North American naphthenic process oil market, focusing on technical service and product reliability.

Sustainability Initiatives:

• Focus on process optimization and waste reduction
• Development of environmentally preferred product lines

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2️⃣ 9. Calumet Specialty Products Partners

Headquarters: Indianapolis, Indiana, USA
Key Offering: Calumet Process Oils, Custom-blended Formulations

Calumet produces a variety of naphthenic process oils used in industrial and manufacturing applications across multiple sectors.

Sustainability Initiatives:

• Implementation of advanced refining processes for improved purity
• Strategic focus on high-value specialty applications

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1️⃣ 10. Petro-Canada Lubricants Inc.

Headquarters: Mississauga, Canada
Key Offering: Petro-Canada Process Oils, Naphthenic Base Oils

Petro-Canada Lubricants offers high-quality naphthenic process oils through its advanced refining capabilities and technical expertise.

Sustainability Initiatives:

• Development of low-PCA content oils for European markets
• Investment in sustainable manufacturing practices

Get Full Report Here: Naphthenic Process Oil Market – View in Detailed Research Report

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🌍 Outlook: The Future of Naphthenic Process Oil Is Sustainable and Performance-Driven

The naphthenic process oil market is experiencing significant transformation driven by environmental regulations, technological advancements, and evolving industry needs. While conventional process oils continue to dominate volume, the industry is increasingly investing in eco-friendly alternatives, advanced purification technologies, and specialized application solutions.

📈 Key Trends Shaping the Market:

• Increasing demand for low-PCA (Polycyclic Aromatic) oils in European markets
• Growing adoption in pharmaceutical and personal care applications requiring high purity
• Expansion of bio-based and re-refined process oil options
• Technical partnerships between oil suppliers and industrial manufacturers for optimized formulations
• Development of customized solutions for emerging polymer technologies

Get Full Report Here: Naphthenic Process Oil Market – View in Detailed Research Report

These companies are not only powering industrial processes—they’re leading the transition toward sustainable and high-performance lubricant solutions.