Vacuum Gas Oil Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2028

The Vacuum Gas Oil Market size is expected to grow at an annual average of CAGR 6% during the forecast period (2022-2028). Vacuum gas oil or VGO is a petroleum hydrocarbon belonging to the heavy oil class. Vacuum diesel is also called cat food because it is used as a feedstock to produce diesel, gasoline and other by-products. VGO is one of the outputs of the vacuum distillation column (along with the vacuum residue) and the lighter material between the two. The main use for vacuum diesel is in the form of feed crackers such as fluidized catalytic crackers or hydrocrackers. This cracker upgrades vacuum diesel to higher value products such as gasoline and diesel. If vacuum diesel is not upgraded, it will mix with residual fuel oil. Nevertheless, this is very rare, as vacuum diesel has a much higher value as a raw material for upgrade purposes. Vacuum diesel consists of a heavier hydrocarbon material than diesel. One disadvantage of vacuum diesel is that it is not compatible with other fuels. This means that compatibility issues may arise if a vessel that uses vacuum diesel fuel in one port uses bunker fuel with a different component at the next port.

The following segmentation are covered in this report:

By Application

• Gasoline Production
• Diesel Oil/Kerosene Production
• Others

By Type

• Heavy Vacuum Gas Oil
• Light Vacuum Gas Oil

Company Profile

• TAIF-NK
• Kuwait Petroleum Corporation
• Exxon Mobil Corporation.
• KazMunayGas
• Axeon Specialty Products
• S. Oil & Refining Co.
• Royal Dutch Shell
• Zhejiang Petrochemical Corporation
• Neste
• Solis Oil
• Vertex Energy Inc.

Scope of the report

The research study analyses the Vacuum Gas Oil Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Vacuum Gas Oil Market Report

• What was the Vacuum Gas Oil Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the Vacuum Gas Oil Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Vacuum Gas Oil Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.