Press release
Vacuum Gas Oil Market is expected to show growth from 2024 to 2030, reported by Maximize Market Research.
Vacuum Gas Oil Market
๐๐๐๐ฎ๐ฎ๐ฆ ๐๐๐ฌ ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Vacuum gas oil market is heavy oil byproduct of shale oil extraction and petroleum distillation. It's a key feedstock for fluid catalytic crackers, producing diesel, gasoline and other fuels. VGO is valued for its sulfur content and is traded at higher prices than crude due to its refining potential. The global vacuum gas oil (VGO) market is driven by increasing demand for gasoline, diesel, and heavy fuel oils, particularly in the transportation, construction, and marine industries. The rise of e-commerce and construction activities boosts fuel demand, while VGO's use in marine shipping grows with expanding sea trade. Technological advancement, particularly in refining processes like fluid catalytic cracking and hydrocracking, enhances VGO conversion into valuable fuels, meeting environmental standards. Increased R&D investments, particularly in the Asia-pacific region, further support market growth. The growing demand for fossil fuels and bunker fuels also contributes to the VGO market expansion.
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ:https://www.maximizemarketresearch.com/request-sample/70831/
The major key players are the Neste, TAIF-NK, Kuwait Petroleum Corporation, KazMunayGas, and Shell, etc. North America dominates the global vacuum gas oil market, driven by the advanced refining infrastructure and high energy consumption. The region's focus on cleaner fuels, sustainability and adherence to stringent emission regulations shapes its VGO market dynamics. Europe plays a crucial role with its well-established refining sector and commitment to environmental standards. The demand for low-sulfur fuels and cleaner energy sources drives the VGO market, as refiners adapt to meet stricter emission regulations. In Asia Pacific, rapid industrialization and expanding refining capacity in countries like China and India fuel VGO demand, emphasizing both economic growth and cleaner refining practices.
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
December 8, 2023: During the Conference of the Parties to the UN Framework Convention on Climate Change (COP28) in the UAE, PJSC LUKOIL formally endorsed the Oil & Gas Decarbonization Charter. This significant move aligns LUKOIL with a coalition of 50 oil and gas companies worldwide, collectively representing more than 40 percent of the global oil production. Prominent industry participants supporting this initiative include ADNOC, Equinor, Petrobras, Saudi Aramco, SOCAR, BP, ENI, Shell, TotalEnergies, and various others.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐๐๐๐ฎ๐ฎ๐ฆ ๐๐๐ฌ ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ง๐ค ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐:https://www.maximizemarketresearch.com/request-sample/70831/
๐๐๐๐ฎ๐ฎ๐ฆ ๐๐๐ฌ ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Heavy Vacuum Gas Oil
Light Vacuum Gas Oil
๐๐ฒ ๐๐ฎ๐ฅ๐๐ฎ๐ซ ๐๐จ๐ง๐ญ๐๐ง๐ญ
Low Sulfur VGO
High Sulfur VGO
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Gasoline Production
Diesel Oil/Kerosene
Others
๐๐๐๐ฎ๐ฎ๐ฆ ๐๐๐ฌ ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐ฅ๐๐๐๐๐ซ๐ฌ
TAIF-NK (Russia)
Kuwait Petroleum Corporation (Kuwait)
KazMunayGas (Kazakhstan)
Shell (U.S.)
Zhejiang Petroleum & Chemical Co Ltd, (China)
Neste (Finland)
Vertex (U.S.)
LUKOIL (Russia)
Exxon Mobil Corporation (U.S.)
Saudi Arabian Oil Co. (Saudi Arabia)
China National Petroleum Corporation (China)
BP plc (U.K.)
Shell plc (U.K.)
PDVSA - Petrรณleos de Venezuela, SA. (Venezuela)
Gazprom (Russia)
Chevron Corporation. (U.S.)
Petrobras (Brazil)
LUKOIL (Russia)
ROSNEFT (Russia)
Abu Dhabi National Oil Company (U.A.E)
China Petrochemical Corporation. (China)
๐๐จ ๐๐๐ฅ๐ฏ๐ ๐๐๐๐ฉ๐๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ ๐ญ๐ก๐ข๐ฌ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/70831/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐๐ฎ๐ฎ๐ฆ ๐๐๐ฌ ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
Which region has the largest share in the Global Market?
What is the growth rate of the Global Market?
What is the scope of the Global market report?
Who are the key players in the Global market?
What is the study period of this market?
๐๐ฅ๐๐๐ฌ๐ ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐ ๐ญ๐จ๐๐๐ฒ ๐ญ๐จ ๐๐ฎ๐ฒ ๐๐ฎ๐ฅ๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ : https://www.maximizemarketresearch.com/market-report/vacuum-gas-oil-market/70831/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Vacuum Gas Oil Market Size and Competitive Landscape
Past Pricing and price curve by region
Vacuum Gas Oil Market Size, Share, Size & Forecast by Different Segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐ก๐๐ฌ ๐๐ฅ๐ฌ๐จ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐ง
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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