Global Vacuum Gas Oil(VGO) Market Insights and Forecast to 2027

Report ID: 855075 | Published Date: Jan 2025 | No. of Page: 112 | Base Year: 2024 | Rating: 4.8 | Webstory: Check our Web story

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).

Market Analysis and Insights: Global Vacuum Gas Oil(VGO) Market
The global Vacuum Gas Oil(VGO) market is valued at US$ 1798.1 million in 2019. The market size will reach US$ 2644.2 million by the end of 2026, growing at a CAGR of 5.6% during 2021-2026.

Global Vacuum Gas Oil(VGO) Scope and Segment
Vacuum Gas Oil(VGO) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Vacuum Gas Oil(VGO) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

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.

By Company
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)

Production by Region
North America
Europe
Middle East
Thailand

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

Frequently Asked Questions
Vacuum Gas Oil(VGO) report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Vacuum Gas Oil(VGO) report is categorised based on following features:
  1. Global Market Players
  2. Geopolitical regions
  3. Consumer Insights
  4. Technological advancement
  5. Historic and Future Analysis of the Market
Vacuum Gas Oil(VGO) report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.

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