Vacuum Gas Oil（VGO） Market

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 2021. The following is Heavy Vacuum Gas Oil (HVGO) took 37.97% market share in 2021.Vacuum Gas Oil (VGO) main application area is Gasoline Production. In 2021, 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 2021, might affect the development trend of Vacuum Gas Oil (VGO).
The Vacuum Gas Oil（VGO） market was valued at 1693.7 Million US$ in 2020 and is projected to reach 2544.3 Million US$ by 2026, at a CAGR of 5.6% during the forecast period. In this study, 2021 has been considered as the base year and 2021 to 2026 as the forecast period to estimate the market size for Vacuum Gas Oil（VGO）.

This report covers the present status and the future prospects of the global Vacuum Gas Oil（VGO） market for 2015-2026.
The report offers detailed coverage of Vacuum Gas Oil（VGO） industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Vacuum Gas Oil（VGO） by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key 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)

Market Segment as follows:
Market by Order Type

Heavy Vacuum Gas Oil (HVGO)
Light Vacuum Gas Oil (LVGO)

In 2018, Light Vacuum Gas Oil (LVGO) accounted for a major share of 62% in the global Vacuum Gas Oil（VGO）market. And this product segment is poised to reach 1689 M USD by 2025 from 1083 M USD in 2018.

Vacuum Gas Oil（VGO） Breakdown Data 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.

Vacuum Gas Oil（VGO） market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Vacuum Gas Oil（VGO） market for the forecast period 2021 - 2026?
• What are the driving forces in the Vacuum Gas Oil（VGO） market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Vacuum Gas Oil（VGO） industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.