The Brazil vacuum gas oil market is projected to grow at a CAGR of 6.70% between 2025 and 2034, due to the increasing demand for low-sulphur vacuum gas oil.
Base Year
Historical Year
Forecast Year
In 2019, an average Brazilian took 0.5 airplane journeys to different domestic and international destinations.
Over 75% of costs involved in asphalt production are associated with feedstock.
Brazil’s aviation industry is responsible for meeting nearly 18% of the transportation requirements of Brazilians.
| Brazil Vacuum Gas Oil Market Report Summary | Description | Value |
| Base Year | USD Million | 2024 |
| Historical Period | USD Million | 2018-2024 |
| Forecast Period | USD Million | 2025-2034 |
| Market Size 2024 | USD Million | XX |
| Market Size 2034 | USD Million | XX |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 6.70% |
| CAGR 2025-2034 - Market by Region | Minas Gerais | 8.5% |
| CAGR 2025-2034 - Market by Region | Bahia | 7.8% |
| CAGR 2025-2034 - Market by Type | Low Sulfur Vacuum Gas Oil | 7.3% |
| CAGR 2025-2034 - Market by Application | Gasoline Production | 7.5% |
| Market Share by Region | Rio Grande do Sul | 7.3% |
In 2021, the average jet fuel consumption in Latin America was 8.21 thousand barrels per day, with nations such as Mexico (60.41 tbpd), Colombia (21.42 tbpd), and Chile (17.38 tbpd). Brazil, which is the second largest aviation market in Latin America, carried 68.89 million passengers between January and September 2022. This led to an improvement of 78.19% in traffic levels post the COVID-19 pandemic.
Major market players like LATAM Airlines (with a market share of 20%), TAP Air Portugal (10.57%), GOL (5.33%), and Azul (5.06%) are expected to play a crucial role in aircraft operation at major domestic and international airports. Between 2008 and 2019, the Brazilian aviation market grew at a rate of 7% annually. The anticipated market growth is expected to raise the demand for jet fuel over the forecast period, thereby accelerating the demand for vacuum gas oil.
Vacuum gas oil is extensively used in asphalt production in Brazil. Asphalt plays a critical role in enhancing the durability of roads and manufacturing roofing systems for houses. Fuel costs represent nearly 12% of the overall cost of asphalt production in Brazil. Other main costs such as equipment maintenance, infrastructure, plant transport, and electricity, among others, represent less than 10% of the costs. This is expected to drive the market growth in the forecast period.
Brazil Vacuum Gas Oil Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by Type
Market Breakup by Application
Market Breakup by Region
| CAGR 2025-2034 - Market by | Type |
| Low Sulfur Vacuum Gas Oil | 7.3% |
| High Sulfur Vacuum Gas Oil | XX% |
| CAGR 2025-2034 - Market by | Application |
| Gasoline Production | 7.5% |
| Diesel Oil Production | XX% |
| CAGR 2025-2034 - Market by | Region |
| Minas Gerais | 8.5% |
| Bahia | 7.8% |
| São Paulo | 7.0% |
| Rio de Janeiro | XX% |
| Rio Grande do Sul | XX% |
| Others | XX% |
Based on region, the market is segmented into São Paulo, Minas Gerais, Rio de Janeiro, Bahia, and Rio Grande do Sul. Rio Grande do Sul is projected to dominate the market, representing 7% of the overall market share. Over the forecast period, Minas Gerais is expected to grow at a CAGR of 8.5%, due to the growing production of oil and diesel.
| Market Share by | Region |
| Rio Grande do Sul | 7.3% |
| São Paulo | XX% |
| Minas Gerais | XX% |
| Rio de Janeiro | XX% |
With the anticipated growth of crude oil extraction and production, the applications for vacuum gas oil are expected to surge significantly across a wide range of sectors, including industrial furnaces and marine diesel production, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 6.70% between 2025 and 2034.
The different products in the market are light vacuum gas oil and heavy vacuum gas oil.
The different types of vacuum gas oil include low-sulphur vacuum gas oil and high-sulphur vacuum gas oil.
Vacuum gas oil is extensively used in the production of gasoline and diesel oil.
The different regions covered in the market report are São Paulo, Minas Gerais, Rio de Janeiro, Bahia, and Rio Grande do Sul.
The key market players are BP Plc, Petróleo Brasileiro S.A., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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