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Global Vacuum Gas Oil Market Size, Share, Trends, Forecast: By Type: Heavy, Light; By Sulphur Content: Lower Sulphur Content, High Sulphur Content, Others; By Application: Gasoline Production, Diesel Oil/Kerosene Production, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Vacuum Gas Oil Market Size
The global vacuum gas oil (VGO) market is expected to grow at a CAGR of 5.8% in the forecast period of 2024-2032. The global vacuum gas oil market is being driven by the rising demand for gasoline, which is primarily consumed as a fuel for transportation. Among various applications of vacuum oil, the gasoline production segment dominates the industry globally.
Vacuum Gas Oil Market Report Snapshots
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Market Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Vacuum Gas Oil Market Analysis
8.1 Key Industry Highlights
8.2 Global Vacuum Gas Oil Historical Market (2018-2023)
8.3 Global Vacuum Gas Oil Market Forecast (2024-2032)
8.4 Global Vacuum Gas Oil Market by Type
8.4.1 Heavy
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Light
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Vacuum Gas Oil Market by Sulphur Content
8.5.1 Lower Sulphur Content
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 High Sulphur Content
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Vacuum Gas Oil Market by Application
8.6.1 Gasoline Production
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Diesel Oil/Kerosene Production
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Vacuum Gas Oil Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Vacuum Gas Oil Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Vacuum Gas Oil Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Vacuum Gas Oil Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Vacuum Gas Oil Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Vacuum Gas Oil Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Pice Analysis
15.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.5 Middle East & Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 PJSC Lukoil
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Kuwait Petroleum Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Honeywell International Inc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Vertex Energy Inc
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Husky Energy Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Vacuum Gas Oil Market: Key Industry Highlights, 2018 and 2032
2. Global Vacuum Gas Oil Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Vacuum Gas Oil Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Vacuum Gas Oil Historical Market: Breakup by Sulphur Content (USD Billion), 2018-2023
5. Global Vacuum Gas Oil Market Forecast: Breakup by Sulphur Content (USD Billion), 2024-2032
6. Global Vacuum Gas Oil Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Vacuum Gas Oil Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Vacuum Gas Oil Historical Production: Breakup by Region (USD Billion), 2018-2023
9. Global Vacuum Gas Oil Production Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Vacuum Gas Oil Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Vacuum Gas Oil Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Vacuum Gas Oil Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Vacuum Gas Oil Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Vacuum Gas Oil Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Vacuum Gas Oil Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Vacuum Gas Oil Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Vacuum Gas Oil Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Vacuum Gas Oil Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Vacuum Gas Oil Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Vacuum Gas Oil Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
The growing demand for gasoline and diesel across the globe, the growing transportation sector, and rapid urbanisation are the major market drivers.
The key trends guiding the market include rapid industrialisation and technological advancements and innovations.
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant types of vacuum gas oil are heavy and light.
The major segments on the basis of sulphur content considered in the market report are lower sulphur content and high sulphur content, among others.
The various applications of vacuum gas oil are gasoline production and diesel oil/kerosene production, among others.
The major players in the market are PJSC Lukoil, Kuwait Petroleum Corporation, Honeywell International Inc, Vertex Energy Inc, and Husky Energy Inc., among others.
Analyst Review
The global vacuum gas oil market is being driven by the growing need of fossil fuels across all sectors. Aided by the growing technological advancements, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 5.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of type, the market is bifurcated into heavy and light vacuum gas oil. On the basis of sulphur content, the market is segmented into low and high sulphur content, among others. By application, the market is segmented into gasoline production and diesel oil/kerosene production, among others. The major regional markets for vacuum gas oil are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include PJSC Lukoil, Kuwait Petroleum Corporation, Honeywell International Inc, Vertex Energy Inc, and Husky Energy Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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