The global Vacuum Gas Oil（VGO） market was valued at US$ 1798.1 million in 2019 and it is expected to reach US$ 2644.2 million by the end of 2026, growing at a CAGR of 5.6% during 2021-2026.
Vacuum Gas Oil or VGO is part of the petroleum hydrocarbon heavy distillate family. Vacuum Gas Oil also known as cat feed, which is feedstock for fluid catalytic crackers used to make gasoline, gasoil and many other by-products.
According to the Segmentation of types, all the market of Vacuum Gas Oil (VGO) can be divided as follows: The first kind need to mention is Light Vacuum Gas Oil (LVGO), it holds a comparatively larger share in global market, which accounts for about 62.03% in 2018. The following is Heavy Vacuum Gas Oil (HVGO) took 37.97% market share in 2018.Vacuum Gas Oil (VGO) main application area is Gasoline Production. In 2018, this sector hold a market share of 56.79%. Then followed by the Diesel / Kerosene Production which account for 43.21%. From the view of region, Europe is the largest export area and North America appears as the largest consume. Any changes from North America, which share a 41.79% market share in 2018, might affect the development trend of Vacuum Gas Oil (VGO).
Global Vacuum Gas Oil（VGO） Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Vacuum Gas Oil（VGO） Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Kuwait Petroleum Corporation (KPC), Axeon Specialty Products, Marathon Oil, U.S. Oil & Refining, KazMunayGas (KMG), TAIF-NK PSC, Tatneft, Rosneft, Integrated Refinery Petrochemical Complex (IRPC) and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-vacuum-gas-oilvgo-market-research-report
Segment by Type
- Heavy Vacuum Gas Oil (HVGO)
- Light Vacuum Gas Oil (LVGO)
Segment by Application
- Gasoline Production
- Diesel / Kerosene Production
In Vacuum Gas Oil（VGO）market, Gasoline Production segment holds an important share in terms of application, and it is expected to reach a volume of 3163.7 (K Tons) by 2025, at a CAGR of 4.03% during 2018 and 2025. It means that Vacuum Gas Oil（VGO） will be promising in the Gasoline Production field in the next couple of years.
Table of Content:
1 Vacuum Gas Oil（VGO） Market Overview
2 Vacuum Gas Oil（VGO） Market Competition by Manufacturers
3 Vacuum Gas Oil（VGO） Retrospective Market Scenario by Region
4 Global Vacuum Gas Oil（VGO） Historic Market Analysis by Type
5 Global Vacuum Gas Oil（VGO） Historic Market Analysis by Application
6 Key Companies Profiled
7 Vacuum Gas Oil（VGO） Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Vacuum Gas Oil（VGO） Market Dynamics
10 Global Vacuum Gas Oil（VGO） Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta