The Global Naphthenic Process Oil Market was valued at USD 1,726 Million in 2023 and is projected to reach USD 2,764 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period. This robust growth is fueled by increasing demand from the rubber, polymer, and personal care industries, alongside advancements in refining technologies that enhance product purity and performance characteristics.

As industries worldwide prioritize efficiency and material performance, the role of high-quality process oils has never been more critical. These specialized oils are essential for enhancing the processing and properties of a wide range of materials. In this blog, we profile the Top 10 Companies in the Naphthenic Process Oil Industry—a group of leading refiners and specialty chemical producers that are setting the standards for quality and innovation.

---

🔟 1. Royal Dutch Shell PLC

Headquarters: London, United Kingdom
Key Offering: Shell Flex Series, Various Viscosity Grades

Shell is a global energy major with a significant presence in the process oils market. Their Shell Flex series of naphthenic process oils are renowned for their excellent solubility, thermal stability, and low pour points, making them ideal for applications in rubber processing, adhesives, and sealants.

Innovation & Sustainability Focus:

• Investment in advanced hydrotreating and refining technologies

• Development of higher purity grades for sensitive applications

• Commitment to sustainable sourcing and production practices

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

---

9️⃣ 2. Nynas AB

Headquarters: Stockholm, Sweden
Key Offering: NYFLEX Series, Transformer Oils, Specialty Oils

Nynas is a global leader in naphthenic specialty oils, with a product portfolio that spans process oils, transformer oils, and base oils. The company’s deep expertise in naphthenic crude refining allows it to produce highly stable and consistent products tailored for demanding industrial applications.

Innovation & Sustainability Focus:

• World’s largest producer of naphthenic specialty oils

• Focus on high-value applications in energy and manufacturing

---

8️⃣ 3. Ergon, Inc.

Headquarters: Jackson, Mississippi, USA
Key Offering: HyVolt Series, HyLube Series, Process Oils

Ergon is a privately held company with a strong focus on refining and marketing naphthenic oils. Their process oils are widely used in the tire and rubber industry, offering excellent compatibility with elastomers and polymers, which improves processing and final product performance.

Innovation & Sustainability Focus:

• Vertically integrated operations from refining to distribution

• Specialization in high-viscosity index naphthenic oils

---

7️⃣ 4. Calumet Specialty Products Partners, L.P.

Headquarters: Indianapolis, Indiana, USA
Key Offering: Calumet Process Oils, Specialty Hydrocarbons

Calumet is a leading independent producer of specialty hydrocarbon products in North America. Their naphthenic process oils are critical components in industries ranging from adhesives and plastics to printing inks and cosmetics, known for their consistent quality.

Innovation & Sustainability Focus:

• Diverse product slate from multiple US refineries

• Custom formulation capabilities for specific customer needs

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

---

6️⃣ 5. Repsol S.A.

Headquarters: Madrid, Spain
Key Offering: Repsol Process Oils, Nexergy Series

Repsol is a major integrated energy company with a strong downstream presence in Europe and Latin America. Their naphthenic process oils division serves the automotive, construction, and industrial sectors with high-performance products designed for optimal processing efficiency.

Innovation & Sustainability Focus:

• Commitment to circular economy principles in product development

• R&D investments in bio-based process oil alternatives

---

5️⃣ 6. AVISTA OIL AG

Headquarters: Uetze, Germany
Key Offering: Re-refined Base Oils, Process Oils

AVISTA OIL is a leading player in oil recycling and the production of re-refined base oils, including naphthenic grades. Their sustainable approach to process oil production addresses growing environmental concerns while maintaining high performance standards for industrial applications.

Innovation & Sustainability Focus:

• Pioneer in closed-loop recycling of used oils

• Production of high-quality re-refined naphthenic oils

---

4️⃣ 7. Cross Oil & Refining Co.

Headquarters: Smackover, Arkansas, USA
Key Offering: Cross Process Oils, Naphthenic Base Oils

Cross Oil is a key independent refiner in the North American market, specializing in naphthenic crude processing. The company provides a range of process oils prized for their light color, low volatility, and excellent solvency properties in rubber and polymer compounding.

Innovation & Sustainability Focus:

• Strategic location in a major naphthenic crude producing region

• Focus on niche applications requiring high purity standards

---

3️⃣ 8. CPC Corporation, Taiwan

Headquarters: Taipei, Taiwan
Key Offering: CPC Naphthenic Oils, Specialty Process Oils

CPC Corporation is Taiwan’s national oil company with significant refining capabilities. Their naphthenic process oils serve the vibrant Asian manufacturing sector, particularly in tire production, industrial rubber goods, and plastic manufacturing across Southeast Asia.

Innovation & Sustainability Focus:

• Strong R&D focus on meeting Asia-specific market needs

• Expansion of high-value specialty oil production capacity

---

2️⃣ 9. H&R Group

Headquarters: Salzbergen, Germany
Key Offering: HR Naphthenic Oils, White Oils, Specialty Products

The H&R Group is a globally active specialty chemicals company with strong expertise in petroleum and chemical refining. Their naphthenic process oils are characterized by high purity and are extensively used in the cosmetics, pharmaceuticals, and plastics industries.

Innovation & Sustainability Focus:

• Development of ultra-pure grades for sensitive applications

• Integration of chemical and petroleum refining technologies

---

1️⃣ 10. Iranol Company

Headquarters: Tehran, Iran
Key Offering: Iranol Process Oils, Transformer Oils

Iranol is a significant producer of naphthenic oils in the Middle East, leveraging access to regional naphthenic crude resources. The company serves both domestic and international markets with process oils for rubber, textile, and electrical applications.

Innovation & Sustainability Focus:

• Strategic focus on export markets in Asia and Africa

• Investment in quality improvement and product diversification

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

---

🏭 Outlook: The Future of Naphthenic Process Oil Is High-Performance and Sustainable

The naphthenic process oil market is experiencing significant transformation driven by technological advancements and evolving regulatory landscapes. While traditional applications continue to dominate consumption, the industry is increasingly focused on developing high-performance, environmentally compliant products that meet the demanding requirements of modern manufacturing.

📈 Key Trends Shaping the Market:

• Growing demand for low-Polycyclic Aromatic Hydrocarbon (PAH) oils in Europe and North America

• Increasing adoption in premium tire manufacturing for enhanced performance

• R&D focus on bio-based and sustainable process oil alternatives

• Expansion of production capacity in Asia-Pacific to meet regional demand growth

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

The companies profiled above are not only supplying essential industrial ingredients—they’re driving the innovation and sustainability that will define the future of manufacturing and materials science.