The global vacuum gas oil (VGO) market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 4.2 billion by 2030. The growth of the market can be attributed to the increasing demand for diesel and gasoline production in developing economies such as India and China, which are witnessing rapid economic growth.
Heavy Vacuum Gas Oil (HVGO) accounted for over 50% of the total VGO market share in 2017, owing to its high demand in gasoline production applications. Light Vacuum Gas Oil (LVGO) is expected to witness significant growth during the forecast period due to its high demand in diesel production applications. Asia Pacific is expected to be one of the fastest-growing regions for VGO consumption due to increasing demand from countries such as China and India, which are witnessing rapid economic growth and an increase in vehicle ownership rates.
- The growth of the VGO market is driven by the increasing demand for diesel fuel in developing countries such as China and India.
- The increasing demand for diesel fuel in developing countries such as China and India will drive the growth of the VGO market.
- Increasing demand for diesel fuel in developing countries such as China and India will drive the growth of the VGO market.
Industry Growth Insights published a new data on “Vacuum Gas Oil(VGO) Market”. The research report is titled “Vacuum Gas Oil(VGO) Market research by Types (Heavy Vacuum Gas Oil (HVGO), Light Vacuum Gas Oil (LVGO)), By Applications (Gasoline Production, Diesel / Kerosene Production), By Players/Companies 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)”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vacuum Gas Oil(VGO) Market Research Report
By Type
Heavy Vacuum Gas Oil (HVGO), Light Vacuum Gas Oil (LVGO)
By Application
Gasoline Production, Diesel / Kerosene Production
By Companies
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)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
 Industry Outlook.svg)
Global Vacuum Gas Oil(VGO) Market Report Segments:
The global Vacuum Gas Oil(VGO) market is segmented on the basis of:
Types
Heavy Vacuum Gas Oil (HVGO), Light Vacuum Gas Oil (LVGO)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Gasoline Production, Diesel / Kerosene Production
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are 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)
 Market Overview.svg)
Highlights of The Vacuum Gas Oil(VGO) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Heavy Vacuum Gas Oil (HVGO)
- Light Vacuum Gas Oil (LVGO)
- By Application:
- Gasoline Production
- Diesel / Kerosene Production
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vacuum Gas Oil(VGO) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vacuum gas oil is a type of fuel that is used in internal combustion engines. It is made from natural gas and petroleum products, and it has a higher energy content than gasoline. Vacuum gas oil can be used in both conventional and hybrid vehicles.
Some of the key players operating in the 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).
The vacuum gas oil(vgo) market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vacuum Gas Oil(VGO) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vacuum Gas Oil(VGO) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vacuum Gas Oil(VGO) Market - Supply Chain
4.5. Global Vacuum Gas Oil(VGO) Market Forecast
4.5.1. Vacuum Gas Oil(VGO) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vacuum Gas Oil(VGO) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vacuum Gas Oil(VGO) Market Absolute $ Opportunity
5. Global Vacuum Gas Oil(VGO) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Type
5.3.1. Heavy Vacuum Gas Oil (HVGO)
5.3.2. Light Vacuum Gas Oil (LVGO)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vacuum Gas Oil(VGO) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Application
6.3.1. Gasoline Production
6.3.2. Diesel / Kerosene Production
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vacuum Gas Oil(VGO) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vacuum Gas Oil(VGO) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vacuum Gas Oil(VGO) Demand Share Forecast, 2019-2026
9. North America Vacuum Gas Oil(VGO) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Application
9.4.1. Gasoline Production
9.4.2. Diesel / Kerosene Production
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Type
9.7.1. Heavy Vacuum Gas Oil (HVGO)
9.7.2. Light Vacuum Gas Oil (LVGO)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vacuum Gas Oil(VGO) Demand Share Forecast, 2019-2026
10. Latin America Vacuum Gas Oil(VGO) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Application
10.4.1. Gasoline Production
10.4.2. Diesel / Kerosene Production
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Type
10.7.1. Heavy Vacuum Gas Oil (HVGO)
10.7.2. Light Vacuum Gas Oil (LVGO)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vacuum Gas Oil(VGO) Demand Share Forecast, 2019-2026
11. Europe Vacuum Gas Oil(VGO) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Application
11.4.1. Gasoline Production
11.4.2. Diesel / Kerosene Production
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Type
11.7.1. Heavy Vacuum Gas Oil (HVGO)
11.7.2. Light Vacuum Gas Oil (LVGO)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractivenes/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vacuum Gas Oil(VGO) Demand Share, 2019-2026
12. Asia Pacific Vacuum Gas Oil(VGO) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Application
12.4.1. Gasoline Production
12.4.2. Diesel / Kerosene Production
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Type
12.7.1. Heavy Vacuum Gas Oil (HVGO)
12.7.2. Light Vacuum Gas Oil (LVGO)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vacuum Gas Oil(VGO) Demand Share, 2019-2026
13. Middle East & Africa Vacuum Gas Oil(VGO) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Application
13.4.1. Gasoline Production
13.4.2. Diesel / Kerosene Production
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vacuum Gas Oil(VGO) Market Size and Volume Forecast by Type
13.7.1. Heavy Vacuum Gas Oil (HVGO)
13.7.2. Light Vacuum Gas Oil (LVGO)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vacuum Gas Oil(VGO) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vacuum Gas Oil(VGO) Market: Market Share Analysis
14.2. Vacuum Gas Oil(VGO) Distributors and Customers
14.3. Vacuum Gas Oil(VGO) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kuwait Petroleum Corporation (KPC)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Axeon Specialty Products
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Marathon Oil
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. U.S. Oil & Refining
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. KazMunayGas (KMG)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TAIF-NK PSC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tatneft
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rosneft
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Integrated Refinery Petrochemical Complex (IRPC)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
