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Global Vacuum Gas Oil（VGO） Market Research Report 2024
Synopsis
Vacuum Gas Oil or VGO is part of the petroleum hydrocarbon heavy distillate family. Vacuum Gas Oil also known as cat feed, which is feedstock for fluid catalytic crackers used to make gasoline, gasoil and many other by-products.
The global Vacuum Gas Oil（VGO） market was valued at US$ 2038.4 million in 2023 and is anticipated to reach US$ 2998.4 million by 2030, witnessing a CAGR of 5.6% during the forecast period 2024-2030.
The major players in global Vacuum Gas Oil (VGO) market include Kuwait Petroleum Corporation (KPC), Axeon Specialty Products, Marathon Oil, U.S. Oil & Refining, KazMunayGas (KMG), TAIF-NK PSC, Tatneft, Rosneft, Integrated Refinery Petrochemical Complex (IRPC), etc. Top 3 companies occupied about 40% market share. Europe is the largest Vacuum Gas Oil (VGO) market with about 45% market share. USA is follower, accounting for about 25% market share. Light Vacuum Gas Oil (LVGO) is the main type, with a share about 60%. Gasoline Production is the main application, which holds a share about 55%.
This report aims to provide a comprehensive presentation of the global market for Vacuum Gas Oil（VGO）, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vacuum Gas Oil（VGO）.
Report Scope
The Vacuum Gas Oil（VGO） market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Vacuum Gas Oil（VGO） market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Vacuum Gas Oil（VGO） manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Kuwait Petroleum Corporation (KPC)
Axeon Specialty Products
Marathon Oil
U.S. Oil & Refining
KazMunayGas (KMG)
TAIF-NK PSC
Tatneft
Rosneft
Integrated Refinery Petrochemical Complex (IRPC)
Segment by Type
Heavy Vacuum Gas Oil (HVGO)
Light Vacuum Gas Oil (LVGO)
Segment by Application
Gasoline Production
Diesel / Kerosene Production
Production by Region
North America
Europe
Mid East & Africa
Southeast Asia
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Vacuum Gas Oil（VGO） manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Vacuum Gas Oil（VGO） by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Vacuum Gas Oil（VGO） in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Vacuum Gas Oil or VGO is part of the petroleum hydrocarbon heavy distillate family. Vacuum Gas Oil also known as cat feed, which is feedstock for fluid catalytic crackers used to make gasoline, gasoil and many other by-products.
The global Vacuum Gas Oil（VGO） market was valued at US$ 2038.4 million in 2023 and is anticipated to reach US$ 2998.4 million by 2030, witnessing a CAGR of 5.6% during the forecast period 2024-2030.
The major players in global Vacuum Gas Oil (VGO) market include Kuwait Petroleum Corporation (KPC), Axeon Specialty Products, Marathon Oil, U.S. Oil & Refining, KazMunayGas (KMG), TAIF-NK PSC, Tatneft, Rosneft, Integrated Refinery Petrochemical Complex (IRPC), etc. Top 3 companies occupied about 40% market share. Europe is the largest Vacuum Gas Oil (VGO) market with about 45% market share. USA is follower, accounting for about 25% market share. Light Vacuum Gas Oil (LVGO) is the main type, with a share about 60%. Gasoline Production is the main application, which holds a share about 55%.
This report aims to provide a comprehensive presentation of the global market for Vacuum Gas Oil（VGO）, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vacuum Gas Oil（VGO）.
Report Scope
The Vacuum Gas Oil（VGO） market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Vacuum Gas Oil（VGO） market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Vacuum Gas Oil（VGO） manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Kuwait Petroleum Corporation (KPC)
Axeon Specialty Products
Marathon Oil
U.S. Oil & Refining
KazMunayGas (KMG)
TAIF-NK PSC
Tatneft
Rosneft
Integrated Refinery Petrochemical Complex (IRPC)
Segment by Type
Heavy Vacuum Gas Oil (HVGO)
Light Vacuum Gas Oil (LVGO)
Segment by Application
Gasoline Production
Diesel / Kerosene Production
Production by Region
North America
Europe
Mid East & Africa
Southeast Asia
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Vacuum Gas Oil（VGO） manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Vacuum Gas Oil（VGO） by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Vacuum Gas Oil（VGO） in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Vacuum Gas Oil（VGO） Market Overview
1.1 Product Definition
1.2 Vacuum Gas Oil（VGO） Segment by Type
1.2.1 Global Vacuum Gas Oil（VGO） Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Heavy Vacuum Gas Oil (HVGO)
1.2.3 Light Vacuum Gas Oil (LVGO)
1.3 Vacuum Gas Oil（VGO） Segment by Application
1.3.1 Global Vacuum Gas Oil（VGO） Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Gasoline Production
1.3.3 Diesel / Kerosene Production
1.4 Global Market Growth Prospects
1.4.1 Global Vacuum Gas Oil（VGO） Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Vacuum Gas Oil（VGO） Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Vacuum Gas Oil（VGO） Production Estimates and Forecasts (2019-2030)
1.4.4 Global Vacuum Gas Oil（VGO） Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Vacuum Gas Oil（VGO） Production Market Share by Manufacturers (2019-2024)
2.2 Global Vacuum Gas Oil（VGO） Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Vacuum Gas Oil（VGO）, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Vacuum Gas Oil（VGO） Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Vacuum Gas Oil（VGO） Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Vacuum Gas Oil（VGO）, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Vacuum Gas Oil（VGO）, Product Offered and Application
2.8 Global Key Manufacturers of Vacuum Gas Oil（VGO）, Date of Enter into This Industry
2.9 Vacuum Gas Oil（VGO） Market Competitive Situation and Trends
2.9.1 Vacuum Gas Oil（VGO） Market Concentration Rate
2.9.2 Global 5 and 10 Largest Vacuum Gas Oil（VGO） Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Vacuum Gas Oil（VGO） Production by Region
3.1 Global Vacuum Gas Oil（VGO） Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Vacuum Gas Oil（VGO） Production Value by Region (2019-2030)
3.2.1 Global Vacuum Gas Oil（VGO） Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Vacuum Gas Oil（VGO） by Region (2025-2030)
3.3 Global Vacuum Gas Oil（VGO） Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Vacuum Gas Oil（VGO） Production by Region (2019-2030)
3.4.1 Global Vacuum Gas Oil（VGO） Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Vacuum Gas Oil（VGO） by Region (2025-2030)
3.5 Global Vacuum Gas Oil（VGO） Market Price Analysis by Region (2019-2024)
3.6 Global Vacuum Gas Oil（VGO） Production and Value, Year-over-Year Growth
3.6.1 North America Vacuum Gas Oil（VGO） Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Vacuum Gas Oil（VGO） Production Value Estimates and Forecasts (2019-2030)
3.6.3 Mid East & Africa Vacuum Gas Oil（VGO） Production Value Estimates and Forecasts (2019-2030)
3.6.4 Southeast Asia Vacuum Gas Oil（VGO） Production Value Estimates and Forecasts (2019-2030)
4 Vacuum Gas Oil（VGO） Consumption by Region
4.1 Global Vacuum Gas Oil（VGO） Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Vacuum Gas Oil（VGO） Consumption by Region (2019-2030)
4.2.1 Global Vacuum Gas Oil（VGO） Consumption by Region (2019-2024)
4.2.2 Global Vacuum Gas Oil（VGO） Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Vacuum Gas Oil（VGO） Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Vacuum Gas Oil（VGO） Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Vacuum Gas Oil（VGO） Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Vacuum Gas Oil（VGO） Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Vacuum Gas Oil（VGO） Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Vacuum Gas Oil（VGO） Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Vacuum Gas Oil（VGO） Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Vacuum Gas Oil（VGO） Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Vacuum Gas Oil（VGO） Production by Type (2019-2030)
5.1.1 Global Vacuum Gas Oil（VGO） Production by Type (2019-2024)
5.1.2 Global Vacuum Gas Oil（VGO） Production by Type (2025-2030)
5.1.3 Global Vacuum Gas Oil（VGO） Production Market Share by Type (2019-2030)
5.2 Global Vacuum Gas Oil（VGO） Production Value by Type (2019-2030)
5.2.1 Global Vacuum Gas Oil（VGO） Production Value by Type (2019-2024)
5.2.2 Global Vacuum Gas Oil（VGO） Production Value by Type (2025-2030)
5.2.3 Global Vacuum Gas Oil（VGO） Production Value Market Share by Type (2019-2030)
5.3 Global Vacuum Gas Oil（VGO） Price by Type (2019-2030)
6 Segment by Application
6.1 Global Vacuum Gas Oil（VGO） Production by Application (2019-2030)
6.1.1 Global Vacuum Gas Oil（VGO） Production by Application (2019-2024)
6.1.2 Global Vacuum Gas Oil（VGO） Production by Application (2025-2030)
6.1.3 Global Vacuum Gas Oil（VGO） Production Market Share by Application (2019-2030)
6.2 Global Vacuum Gas Oil（VGO） Production Value by Application (2019-2030)
6.2.1 Global Vacuum Gas Oil（VGO） Production Value by Application (2019-2024)
6.2.2 Global Vacuum Gas Oil（VGO） Production Value by Application (2025-2030)
6.2.3 Global Vacuum Gas Oil（VGO） Production Value Market Share by Application (2019-2030)
6.3 Global Vacuum Gas Oil（VGO） Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Kuwait Petroleum Corporation (KPC)
7.1.1 Kuwait Petroleum Corporation (KPC) Vacuum Gas Oil（VGO） Corporation Information
7.1.2 Kuwait Petroleum Corporation (KPC) Vacuum Gas Oil（VGO） Product Portfolio
7.1.3 Kuwait Petroleum Corporation (KPC) Vacuum Gas Oil（VGO） Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Kuwait Petroleum Corporation (KPC) Main Business and Markets Served
7.1.5 Kuwait Petroleum Corporation (KPC) Recent Developments/Updates
7.2 Axeon Specialty Products
7.2.1 Axeon Specialty Products Vacuum Gas Oil（VGO） Corporation Information
7.2.2 Axeon Specialty Products Vacuum Gas Oil（VGO） Product Portfolio
7.2.3 Axeon Specialty Products Vacuum Gas Oil（VGO） Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Axeon Specialty Products Main Business and Markets Served
7.2.5 Axeon Specialty Products Recent Developments/Updates
7.3 Marathon Oil
7.3.1 Marathon Oil Vacuum Gas Oil（VGO） Corporation Information
7.3.2 Marathon Oil Vacuum Gas Oil（VGO） Product Portfolio
7.3.3 Marathon Oil Vacuum Gas Oil（VGO） Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Marathon Oil Main Business and Markets Served
7.3.5 Marathon Oil Recent Developments/Updates
7.4 U.S. Oil & Refining
7.4.1 U.S. Oil & Refining Vacuum Gas Oil（VGO） Corporation Information
7.4.2 U.S. Oil & Refining Vacuum Gas Oil（VGO） Product Portfolio
7.4.3 U.S. Oil & Refining Vacuum Gas Oil（VGO） Production, Value, Price and Gross Margin (2019-2024)
7.4.4 U.S. Oil & Refining Main Business and Markets Served
7.4.5 U.S. Oil & Refining Recent Developments/Updates
7.5 KazMunayGas (KMG)
7.5.1 KazMunayGas (KMG) Vacuum Gas Oil（VGO） Corporation Information
7.5.2 KazMunayGas (KMG) Vacuum Gas Oil（VGO） Product Portfolio
7.5.3 KazMunayGas (KMG) Vacuum Gas Oil（VGO） Production, Value, Price and Gross Margin (2019-2024)
7.5.4 KazMunayGas (KMG) Main Business and Markets Served
7.5.5 KazMunayGas (KMG) Recent Developments/Updates
7.6 TAIF-NK PSC
7.6.1 TAIF-NK PSC Vacuum Gas Oil（VGO） Corporation Information
7.6.2 TAIF-NK PSC Vacuum Gas Oil（VGO） Product Portfolio
7.6.3 TAIF-NK PSC Vacuum Gas Oil（VGO） Production, Value, Price and Gross Margin (2019-2024)
7.6.4 TAIF-NK PSC Main Business and Markets Served
7.6.5 TAIF-NK PSC Recent Developments/Updates
7.7 Tatneft
7.7.1 Tatneft Vacuum Gas Oil（VGO） Corporation Information
7.7.2 Tatneft Vacuum Gas Oil（VGO） Product Portfolio
7.7.3 Tatneft Vacuum Gas Oil（VGO） Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Tatneft Main Business and Markets Served
7.7.5 Tatneft Recent Developments/Updates
7.8 Rosneft
7.8.1 Rosneft Vacuum Gas Oil（VGO） Corporation Information
7.8.2 Rosneft Vacuum Gas Oil（VGO） Product Portfolio
7.8.3 Rosneft Vacuum Gas Oil（VGO） Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Rosneft Main Business and Markets Served
7.7.5 Rosneft Recent Developments/Updates
7.9 Integrated Refinery Petrochemical Complex (IRPC)
7.9.1 Integrated Refinery Petrochemical Complex (IRPC) Vacuum Gas Oil（VGO） Corporation Information
7.9.2 Integrated Refinery Petrochemical Complex (IRPC) Vacuum Gas Oil（VGO） Product Portfolio
7.9.3 Integrated Refinery Petrochemical Complex (IRPC) Vacuum Gas Oil（VGO） Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Integrated Refinery Petrochemical Complex (IRPC) Main Business and Markets Served
7.9.5 Integrated Refinery Petrochemical Complex (IRPC) Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Vacuum Gas Oil（VGO） Industry Chain Analysis
8.2 Vacuum Gas Oil（VGO） Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Vacuum Gas Oil（VGO） Production Mode & Process
8.4 Vacuum Gas Oil（VGO） Sales and Marketing
8.4.1 Vacuum Gas Oil（VGO） Sales Channels
8.4.2 Vacuum Gas Oil（VGO） Distributors
8.5 Vacuum Gas Oil（VGO） Customers
9 Vacuum Gas Oil（VGO） Market Dynamics
9.1 Vacuum Gas Oil（VGO） Industry Trends
9.2 Vacuum Gas Oil（VGO） Market Drivers
9.3 Vacuum Gas Oil（VGO） Market Challenges
9.4 Vacuum Gas Oil（VGO） Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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