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Vacuum Gas Oil Market

Vacuum Gas Oil Market

Vacuum Gas Oil Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

143

Base Year:

2022

Date

Aug - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1789

Segments Covered
  • By Product By Product Heavy Vacuum Gas Oil, Light Vacuum Gas Oil
  • By Sulfur Content By Sulfur Content Low Sulfur VGO, High Sulfur VGO
  • By Application By Application Gasoline Production, Diesel Oil/Kerosene Production
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 388.44 Billion
Revenue 2030Revenue 2030: USD 560.91 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 4.70%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst

Research Methodology: Vacuum Gas Oil Market by Product by Sulfur Content by Application by Region - Global Market Assessment, 2021 - 2028

Secondary Research

Primary Research:

The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements

Data Triangulation and Market Size Estimations

At the later stage and after procuring data from secondary and primary research, top-down and bottom-up approaches are used to validate and estimate the market size of the Vacuum Gas Oil market. After the determination of the overall market size, the market is divided into various segments and sub-segments. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and also considering key market trends from supply as well as the demand side of the market.  

FAQ
Frequently Asked Question
  • The global Vacuum Gas Oil valued at USD 388.44 Billion in 2022 and is expected to reach USD 560.91 Billion in 2030 growing at a CAGR of 4.70%.

  • The prominent players in the market are TAIF-NK, Kuwait Petroleum Corporation, Exxon Mobil Corporation, KazMunayGas, Axeon Specialty Products, U.S. Oil & Refining Co., Royal Dutch Shell, Zhejiang Petrochemical Corporation, Neste, Solis Oil, Vertex Energy Inc., LUKOIL.

  • The market is project to grow at a CAGR of 4.70% between 2023 and 2030.

  • The driving factors of the Vacuum Gas Oil include

    • Growing Use of Diesel Indirectly Boosts Market Growth

  • Asia Pacific was the leading regional segment of the Vacuum Gas Oil in 2022.