Vacuum Gas Oil_VGO_ Market To Witness Astonishing Growth – 2027 | Key Players: Kuwait Petroleum Corporation (KPC), Axeon Specialty Products

The Vacuum Gas Oil_VGO_ Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global vacuum gas oil (VGO) market is expected to grow at a CAGR of 6.5% in the forecast period of 2021-2027.

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Top Leading Companies of Global Vacuum Gas Oil_VGO_ Market 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 others.

Industry News and Updates:

04 October 2021: Rosneft Launches Vostok Oil Power Supply Project

Rosneft has started design work and a set of engineering surveys for Vostok Oil’s key energy facilities. An autonomous power supply to the project facilities will be provided by building in-house power plants with a total capacity of about 3.5 GW. This is the best result among the country’s oil producers.

The power supply system for the Company’s largest production project involves the construction of 13 power plants with a total installed capacity of about 3.5 GW. The Irkinskaya, Baikalovskaya, Vostochno-Suzunskaya and Payakhskaya gas turbine power plants (GTPPs) will provide most of it, about 2.3 GW. The design capacity of the Irkinskaya GTPP, which is included in the list of Phase 1 facilities, will be 867 MW, the maximum in Rosneft’s perimeter. The new plant will provide electricity to the fields of the Payakha cluster and to facilities of the oil transport system.

Market Overview:

The light vacuum gas oil is forecasted to have the highest growth rate of 5.2% in the forecast period. Fluid catalytic crac-king units deploy a combination of catalytic heat and pressure to crac-k light vacuum gas oil into 70% gasoline and 30% diesel.

Low Sulfur VGO is estimated to occupy the largest market share in the forecast period with USD 219.46 Billion in 2018. Low sulfur VGO has a sulfur content of around 0.5-0.6%, this level of sulfur in LSVGO makes an attractive blending feedstock for manufacturers targeting to get on-specification bunker fuel as per the norms of IMO.

The leading players of the Vacuum Gas Oil_VGO_ market, their market share, product portfolio, company profiles are covered in this report. The leading market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among these players will help the industry aspirants in planning their strategies. The statistics offered in this report will be a precise and useful guide to shape the business growth.

On The Basis of Types:

Gasoline Production

Diesel / Kerosene Production

On The Basis of End Users/Applications:

Heavy Vacuum Gas Oil (HVGO)

Light Vacuum Gas Oil (LVGO)

Regional Analysis:

Asia pacific market is projected to observe highest growth rate in the market with a growth a rate of 5.5% in the forecast period. This is primarily owing to the increasing demand of oil in the countries in this region, particularly in China and India.

Influence of the Vacuum Gas Oil_VGO_ market report:

-Comprehensive assessment of all opportunities and risk in the Vacuum Gas Oil_VGO_ market.
-Vacuum Gas Oil_VGO_ market recent innovations and major events.
-Detailed study of business strategies for growth of the Vacuum Gas Oil_VGO_ market-leading players.
-Conclusive study about the growth plot of Vacuum Gas Oil_VGO_ market for forthcoming years.
-In-depth understanding of Vacuum Gas Oil_VGO_ market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Vacuum Gas Oil_VGO_ market.

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The market factors explained in the report:

Market Overview: It includes Vacuum Gas Oil_VGO_ Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.

Executive Summary: The Vacuum Gas Oil_VGO_ Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The report helps clients to spot upcoming hot market trends. We also track possible impact and disruptions which a market would witness by a particular emerging trend. Our proactive analysis helps clients to have early mover advantage.

Key Players: This part of the Vacuum Gas Oil_VGO_ Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.

Market Forecast: Here, the report offers a complete forecast of the global Vacuum Gas Oil_VGO_ Market by product, application, and region. It also offers global revenue forecasts for all years of the forecast period.

The research includes historic data from 2016 to 2020 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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