The new report by Expert Market Research titled, 'Global Vacuum Gas Oil Market Report and Forecast 2021-2026', gives an in-depth analysis of the Global vacuum gas oil market, assessing the market based on its segments like type, sulphur content, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
Request a free sample copy in PDF or view report summary : https://www.expertmarketresearch.com/reports/vacuum-gas-oil-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026):
- Forecast CAGR (2021-2026): 5.8%
Increased investment in research and development in the hydrocracking and fluid catalytic cracking processes is assisting in the production of high-quality results. As a result, vacuum gas oil may be able to assist in the market's recovery of diesel demand. Due to increased demand in the marine industry, the demand for vacuum gas oil in bunker fuel is growing. In the next two years, the vacuum gas oil market is expected to benefit from increased sea trade and marine exploration.
Industry Definition and Major Segments
Vacuum Gas Oil, also known as VGO, is a petroleum hydrocarbon heavy distillate. Cat food is another name for vacuum gas oil as it is used as feedstock to create gasoline, gas oil and other by-products. Vacuum Gas Oil is one of the outputs of the vacuum distillation tower's two outputs (along with vacuum resid). VGO is the lighter of the two materials. Vacuum gas oil is primarily used as a feedstock in cracking units such as the fluid catalytic cracker and the hydrocracker.
Read Full Report Online : https://www.expertmarketresearch.com/reports/vacuum-gas-oil-market
On the basis of type, the industry is divided into:
- Heavy Vacuum Gas Oil
- Light Vacuum Gas Oil
On the basis of sulphur content, the industry is segmented into:
- Lower Sulphur Content
- High Sulphur Content
By application, the market can be bifurcated into:
- Gasoline Production
- Diesel Oil/Kerosene Production
The regional markets for Vacuum Gas Oil market can be divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa.
The use of vacuum gas oil in diesel production is expected to increase consumer demand for the oil. During the forecast period, steady demand for fossil fuels is expected to be a key factor driving the global vacuum gas oil market growth. Economic prosperity and the rapid growth of the world's population, according to the International Energy Agency (IEA), would keep the global community reliant on fossil fuels to meet its energy needs. According to the agency, fossil fuels will meet half of the world's energy demands by 2040. Due to the high volume of automobiles and increased demand for high octane gasoline in the area, North America retained a large share in the market. There are also well-established cracking and refining facilities in the area. Due to increased demand for automobiles and increased investment in the petroleum sector, the vacuum gas oil market in the Asia Pacific is expected to develop rapidly during the forecast period.
Key Market Players
The major players in the market are PJSC Lukoil, Kuwait Petroleum Corporation, Honeywell International Inc, Vertex Energy Inc, Husky Energy Inc. among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports :
Global Lip Care Products Market: https://www.expertmarketresearch.com/reports/lip-care-products-market
Europe Beer Processing Market: https://www.expertmarketresearch.com/reports/europe-beer-processing-market
Global Oleochemicals Market: https://www.expertmarketresearch.com/reports/oleochemicals-market
Global Crude Oil Market: https://www.expertmarketresearch.com/reports/crude-oil-market
Global Data Centre Power Market: https://www.expertmarketresearch.com/reports/data-centre-power-market
Global Conversational Computing Platform Market: https://www.expertmarketresearch.com/reports/conversational-computing-platform-market
Global Data Centre IT Infrastructure Market: https://www.expertmarketresearch.com/reports/data-centre-it-infrastructure-market
Global Industrial Biomass Boiler Market: https://www.expertmarketresearch.com/reports/industrial-biomass-boiler-market
Global Industrial High-Efficiency Particulate Air (HEPA) Filters Market : https://www.expertmarketresearch.com/reports/industrial-high-efficiency-particulate-air-filters-market
Global Intelligent Humidifiers Market: https://www.expertmarketresearch.com/reports/intelligent-humidifiers-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Company Name: Expert Market Research
Contact Person:-Adam Lee, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Country: United States
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.