Press release
Global Vacuum Gas Oil Market Expected to Witness a Sustainable Growth over 2025
This report focuses on the key global Vacuum Gas Oil players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Vacuum Gas Oil with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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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).
The Vacuum Gas Oil（VGO） market was valued at 1693.7 Million US$ in 2018 and is projected to reach 2544.3 Million US$ by 2025, at a CAGR of 5.6% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Vacuum Gas Oil（VGO）.
Market Segment by Manufacturers, this report covers
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)
Market Segment by Type, covers
Heavy Vacuum Gas Oil (HVGO)
Light Vacuum Gas Oil (LVGO)
Market Segment by Applications, can be divided into
Gasoline Production
Diesel / Kerosene Production
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Related Information:
North America Vacuum Gas Oil Market Growth 2019-2024
United States Vacuum Gas Oil Market Growth 2019-2024
Asia-Pacific Vacuum Gas Oil Market Growth 2019-2024
Europe Vacuum Gas Oil Market Growth 2019-2024
EMEA Vacuum Gas Oil Market Growth 2019-2024
Global Vacuum Gas Oil Market Growth 2019-2024
China Vacuum Gas Oil Market Growth 2019-2024
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