Traditional petroleum-based lubricants are increasingly challenged due to their environmental pollution and high carbon emissions, as well as stricter environmental regulations. Bio-based lubricants, with their superior environmental performance—including high biodegradability, low toxicity, and renewable resource origins—are becoming an important solution for companies seeking green transformation and regulatory compliance. Moreover, global regions such as the European Union and the United States support the development of bio-based products through agricultural departments, further expanding the market, especially in automotive, heavy equipment, food processing, and power generation sectors.