Industry Insights
The global Vacuum Gas Oil(VGO) market is expected to be valued at USD 1.8 billion by the end of forecast period. Also known as cat feed, VGO is used as a primary feed in fluid catalytic cracking or in more generalized processes such as the hydrocracker. These processes update the VGO into greater value products such as gasoline or diesel. Rising demand across the globe for diesel owing to reasons such as industrialization, motorization is thus in turn expected to benefit the VGO market demand over the forecast period.
The global Vacuum Gas Oil(VGO) market is segmented on the basis of Type and Application. The global Vacuum Gas Oil(VGO) market is segmented based on Type as Heavy Vacuum Gas Oil（HVGO） and Light Vacuum Gas Oil（LVGO）. Based on Application the global Vacuum Gas Oil(VGO) market is segregated as Gasoline Production and Diesel / Kerosene Production.
The regional outlook on the global Vacuum Gas Oil(VGO) market covers regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Vacuum Gas Oil(VGO) market for each region is further bifurcated for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Landscape
Companies such as the Zhejiang Petrochemical Corporation, have adopted new technologies and have integrated the same in their value chains to obtain superior quality product so as to gain competitive edge over their competitors.
The global Vacuum Gas Oil(VGO) market is highly competitive in nature with major players including Kuwait Petroleum Corporation, Axeon, Shell, U.S. Oil & Refining, KazMunaiGaz, TAIF-NK, Tatneft, TNK, and others. The report covers competitive analysis on the key market share holders. The companies are focused on several expansion and growth strategies to enhance their footprint in the Vacuum Gas Oil(VGO) market. Market players are also involved in value chain integration gain competitive advantage.
Report Scope:
The Vacuum Gas Oil(VGO) market report scope covers the in-depth business analysis considering major market dynamics, forecast parameters, and price trends for the industry growth. The report forecasts market sizing at global, regional and country levels, providing comprehensive outlook of industry trends in each market segments and sub-segments from 2017 to 2024. The market segmentations include,
Vacuum Gas Oil(VGO) market, By Type
• Heavy Vacuum Gas Oil（HVGO）
• Light Vacuum Gas Oil（LVGO）
Vacuum Gas Oil(VGO) market, By Application
• Gasoline Production
• Diesel / Kerosene Production
Vacuum Gas Oil(VGO) market, By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
The report scope also includes competitive landscape covering the competitive analysis, strategy analysis and company profiles of the major market players. The companies profiled in the report include Kuwait Petroleum Corporation, Axeon, Shell, U.S. Oil & Refining, KazMunaiGaz, TAIF-NK, Tatneft, TNK, and others. Company profiles cover company overview, product landscape, financial overview, and strategy analysis.
Report Highlights
• Global Vacuum Gas Oil(VGO) market sizes from 2017 to 2024
• Market growth projections through 2024 and the resultant market forecast for 2024
• Impact of the market dynamics including market drivers, restraints and opportunities in the market size
• Key industry trends, product trends, and application trends
• Major driving/ leading segmentations, regions and countries in the global Vacuum Gas Oil(VGO) market
• Competitive analysis with comprehensive company profiles of the leading industry players
• In-depth analysis on growth and expansion strategies adopted by market players and their resulting effect on market growth and competition
Report Customizations
The customization research services cover the additional custom report features such as additional regional and country level analysis as per the client requirements.
Table of Contents
1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5.Vacuum Gas Oil(VGO) market, By Type
5.1 Introduction
5.2 Heavy Vacuum Gas Oil（HVGO）
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Light Vacuum Gas Oil（LVGO）
5.3.1 Market Overview
5.3.2 Market Size and Forecast
6.Vacuum Gas Oil(VGO) market, By Application
6.1 Introduction
6.2 Gasoline Production
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Diesel / Kerosene Production
6.3.1 Market Overview
6.3.2 Market Size and Forecast
7. Vacuum Gas Oil(VGO) market, By Geography
7.1 Introduction
7.2 North America
7.2.1 North America Vacuum Gas Oil(VGO) , By Type
7.2.2 North America Vacuum Gas Oil(VGO) , By Application
7.3 Europe
7.3.1 Europe Vacuum Gas Oil(VGO) , By Type
7.3.2 Europe Vacuum Gas Oil(VGO) , By Application
7.4 Asia-Pacific
7.4.1 Asia-Pacific Vacuum Gas Oil(VGO) , By Type
7.4.2 Asia-Pacific Vacuum Gas Oil(VGO) , By Application
7.5 Rest of the World
7.5.1 Rest of the World Vacuum Gas Oil(VGO) , By Type
7.5.2 Rest of the World Vacuum Gas Oil(VGO) , By Application
8. Competitive Insights
8.1 Key Insights
8.2 Company Market Share Analysis
8.3 Strategic Outlook
8.3.1 Mergers & Acquisitions
8.3.2 New Product Development
8.3.3 Portfolio/Production Capacity Expansions
8.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5 Others
9. Company Profiles
9.1 Kuwait Petroleum Corporation
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 Axeon
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 Shell
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 U.S. Oil & Refining
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 KazMunaiGaz
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 TAIF-NK
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 Tatneft
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
9.8 TNK
9.8.1 Company Overview
9.8.2 Product/Service Landscape
9.8.3 Financial Overview
9.8.4 Recent Developments
SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach
Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.
Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis
Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price
Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size. Insert Image
