The Global Synthetic & Bio-Based Lubricants Market was valued at USD 36 Million in 2022 and is projected to reach USD 40 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 1.3% during the forecast period (2023–2029). This steady growth reflects increasing regulatory pressures for environmentally friendly lubrication solutions across automotive, industrial and marine sectors worldwide.

With industries accelerating their sustainability transitions, bio-based and synthetic lubricants are gaining prominence for their superior biodegradability, reduced toxicity and enhanced performance characteristics. This article profiles the Top 10 Companies in the Synthetic & Bio-Based Lubricants Industry that are driving innovation through advanced formulations, strategic acquisitions and circular economy models.

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🔟 1. Royal Dutch Shell PLC

Headquarters: The Hague, Netherlands
Key Offering: Shell Naturelle, Shell E-Fluids

Shell dominates the lubricants sector with its bio-based product line containing up to 99% biodegradable content. The company operates advanced R&D facilities in Germany and China focused on ester-based synthetic lubricants and bio-derived industrial fluids.

Sustainability Initiatives:

• Net-zero carbon ambition by 2050
• 17% reduction in lubricant carbon footprint since 2016
• Partnerships with automotive OEMs for EV fluid development

Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/213986/synthetic-biobased-lubricants-market-2023-2029-322

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9️⃣ 2. ExxonMobil Corporation

Headquarters: Irving, Texas, USA
Key Offering: Mobil SHC, Mobil Glygoyle

ExxonMobil produces approximately 15% of global synthetic base stock capacity. Its portfolio includes high-performance synthetic oils for extreme temperature operations and plant-based hydraulic fluids.

Sustainability Initiatives:

• Advanced molecular-level lubricant design technologies
• 60+ plant-derived lubricant formulations

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8️⃣ 3. BP PLC

Headquarters: London, UK
Key Offering: Castrol Bio-Synthetic, Castrol EV Fluids

BP’s Castrol division specializes in biobased lubricants from renewable sources like rapeseed and sunflower oils, offering enhanced lubrication while reducing lifecycle carbon emissions.

Sustainability Initiatives:

• 85% renewable content in bio-hydraulic fluids
• Carbon neutral lubricants program

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7️⃣ 4. TotalEnergies SE

Headquarters: Paris, France
Key Offering: Total Bio, NEVASTANE

TotalEnergies operates one of Europe’s largest synthetic lubricant plants and markets USDA BioPreferred-certified biobased solutions.

Sustainability Initiatives:

• 40% renewable content target in industrial lubricants by 2025
• Patented hydroisomerization technology for bio-based base oils

Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/213986/synthetic-biobased-lubricants-market-2023-2029-322

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6️⃣ 5. Chevron Corporation

Headquarters: San Ramon, California, USA
Key Offering: Havoline PRO-RS, Ursa Bio-Fluids

Chevron manufactures synthetic and biobased lubricants through its Oronite additives partnership, specializing in high-performance formulations for demanding applications.

Sustainability Initiatives:

• 15% reduction in product carbon intensity since 2016
• Development of bio-derived compressor oils

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5️⃣ 6. Fuchs Petrolub SE

Headquarters: Mannheim, Germany
Key Offering: Renolin, Plantohyd

Fuchs operates 60+ global production sites and has pioneered biobased lubricant solutions since the 1990s, particularly for food-grade applications.

Sustainability Initiatives:

• Closed-loop recycling systems for industrial lubricants
• Bio-based alternatives for 90% of hydraulic fluid range

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4️⃣ 7. Neste Oyj

Headquarters: Espoo, Finland
Key Offering: NEXBASE, Biolubricants

Neste applies its renewable diesel technology to produce biobased lubricant components from waste materials, supplying major formulators worldwide.

Sustainability Initiatives:

• 100% renewable raw materials for biolubes
• Carbon-neutral production target by 2035

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3️⃣ 8. Panolin International Inc.

Headquarters: Rapperswil, Switzerland
Key Offering: H1 Food-Grade, Biolube

Panolin specializes in environmentally acceptable lubricants (EALs) meeting stringent European ecolabel standards for sensitive applications.

Sustainability Initiatives:

• Third-party certified biodegradable formulations
• Specialized EALs for offshore wind applications

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2️⃣ 9. Renewable Lubricants Inc.

Headquarters: Hartville, Ohio, USA
Key Offering: Bio-Bar, Bio-Blend

This specialized US company focuses exclusively on USDA-certified bio-based lubricants derived from plant oils, with patented performance enhancement technology.

Sustainability Initiatives:

• 100% bio-based content in core products
• USDA Certified Biobased Product labels

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1️⃣ 10. Emery Oleochemicals

Headquarters: Cincinnati, Ohio, USA
Key Offering: EMERY, DERIVER

Emery produces bio-based lubricant additives and esters, operating one of Southeast Asia’s largest oleochemical facilities from agricultural byproducts.

Sustainability Initiatives:

• Circular production model
• ISO 14001 certified manufacturing

Get Full Report Here: https://www.24chemicalresearch.com/reports/213986/synthetic-biobased-lubricants-market-2023-2029-322

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🌍 Outlook: The Sustainable Lubrication Revolution

The synthetic and bio-based lubricants market is undergoing significant transformation, driven by environmental regulations, OEM specifications, and corporate sustainability commitments.

📈 Key Market Trends:

• Strict biodegradability requirements expanding (ECOLABEL, VGP)
• Growing EV thermal management applications
• High-performance bio-based solutions for industrial machinery
• Increasing adoption in offshore wind and marine sectors

Get Full Report Here: https://www.24chemicalresearch.com/reports/213986/synthetic-biobased-lubricants-market-2023-2029-322

The featured companies are not just lubricant suppliers – they’re driving the sustainable lubrication revolution that will keep tomorrow’s industries running smoothly while protecting our environment.