Global
Vacuum
Gas Oil Market is expected to grow at a significant CAGR in the
upcoming years as the scope and its applications are rising enormously across
the globe. Vacuum gas oil is abbreviated as VGO and is also known as cat feed
that is a feedstock for fluid catalytic crackers used to make gasoil, gasoline,
and other products. Vacuum gas oil is a viscous form of oil gas, produced by
vacuum distillation unit in the refinery plant. A black semi-solid fluid smell
like an asphalt. The gas oil LVGO and HVGO are the two important forms of
vacuum gas oil. HVGO is an intermediate product produced in the vacuum
distillation unit, which is then processed to produce gas oil or gasoline in
the FCC unit or hydrocracker unit.
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Vacuum
Gas Oil Market is segmented based on product types, applications, and region.
Product types such as Light Vacuum Gas Oil (LVGO), Heavy Vacuum Gas Oil (HVGO),
Heavy Gas Oil, Vacuum Tower Heavy Gas Oil, Partially Refined Heavy Gas Oil, and
others classify Vacuum Gas Oil Industry. Applications into Diesel/ Kerosene
Production, Gasoline Production, and others classify Vacuum Gas Oil Market.
Vacuum
Gas Oil Market is segmented geographically Americas (North America, Latin
America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America,
Middle East and Africa. Globally, North America accounts for the largest market
share of Vacuum Gas Oil Industry and is estimated to lead the overall market in
the years to come. Europe and Asia Pacific follow suit. On the other hand, Asia
Pacific is estimated to grow at fastest pace in the upcoming years.
The
key players of Vacuum Gas Oil Market are TAIF-NK, Kuwait Petroleum Corporation,
KazMunaiGaz, Axeon, U.S. Oil & Refining, and Shell. These players are
concentrating on inorganic growth to sustain themselves amongst fierce
competition. As such, mergers, acquisitions, and joint ventures are the need of
the hour.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Vacuum Gas Oil in these regions, from 2012 to
2022 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Vacuum Gas Oil market competition
by top manufacturers, with production, price, revenue (value) and market share
for each manufacturer; the top players including
•
Tatneft
•
TNK
•
TAIF-NK
•
Marathon Oil Corporation
•
Axeon
•
U.S. Oil & Refining Co
•
KazMunaiGaz
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