Vacuum Gas Oil Market Size, Forecast, 2021-2028

The global vacuum gas oil market is expected to reach USD 509.60 Billion by 2028, according to a new report by Reports and Data. Vacuum gas oil finds application as an intermediate feedstock that can improve the output of valuable diesel and gasoline in refineries. Lightweight shale crude oils like Eagle Ford can produce vacuum gas oil direct from primary distillation.

Vacuum gas oil is processed in one of two kinds of catalytic cracking units. These cracking units deploy a combination of catalysts (substances that accelerate or decelerate the rate of chemical reaction) to crack vacuum gas oil into lighter gasoline blending components and diesel oil. A fluid catalytic cracker (FCC) is usually used to process light vacuum gas oil (LVGO) and a hydrocracker is deployed to process heavy vacuum gas oil (HVGO). Both kinds of cracker yield gasoline blending components and diesel but the fluid catalytic cracker produces more gasoline and the hydrocracker produces more diesel. One difference between the two cracking units is that the hydrocracker implements a feed of hydrogen to eliminate sulfur and other impurities from the gasoline and diesel fuels that are produced in the process. By addition of hydrogen, the hydrocracking unit also increases the volume of diesel and gasoline output – by as much as 20% in comparison to the vacuum gas oil input.

To get sample PDF copy of the report, visit @ https://reportsanddata.com/sample-enquiry-form/1294

The report presents a panoramic view of the competitive landscape of the Vacuum Gas Oil market, covering details about the key manufacturers and companies, price analysis, revenue estimation, gross profit margins, business expansion plans, and other vital details that offers the readers deep insights into each company operating in the industry. The report also focuses on strategic alliances in the Vacuum Gas Oil market, such as mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, licensing agreements, partnerships, corporate and government deals, and others.

Top Players Analyzed in the Report are:

Axeon, Kuwait Petroleum Corporation, Shell, U.S. Oil and Refining, KazMunaiGaz, TAIF-NK, NESTE, Vertex, Soils Oil and Lukoil among others.

Competitive Landscape:

Rise in competition in the global market has led to increasing innovation and technological advancement in the power and energy sector to meet the rising demand of environmentally conscious consumers. Key players in the global Vacuum Gas Oil market are adopting the strategy of forward integration to offer alternate source of energy at economical rates.

This market report provides detailed analysis of recent developments, production processes, value chain optimization, opportunities in terms of emerging revenue pockets, impact of domestic and localized market players, application niches and technological innovations in the market.

Further key findings from the report suggest

  • At present, the typical usage for low sulfur VGO is used as a feedstock for fluid catalytic cracking (FCC) units in order to yield gasoline and other high-octane components. Blending prospects for feedstocks into the 0.5% bunker pool will possibly depend on product cracks values in 2020 in Europe and US, which are the key global markets for vacuum gas oil.
  • Europe is the largest vacuum gas oil exporting region in the world, whereas the US Gulf Coast is the largest consumer across the globe.
  • The light vacuum gas oil is forecasted to have the highest growth rate of 5.2% in the forecast period. Fluid catalytic cracking units deploy a combination of catalytic heat and pressure to crack light vacuum gas oil into 70% gasoline and 30% diesel.
  • Low Sulfur VGO is estimated to occupy the largest market share in the forecast period with USD 219.46 Billion in 2018. Low sulfur VGO has a sulfur content of around 0.5-0.6%, this level of sulfur in LSVGO makes an attractive blending feedstock for manufacturers targeting to get on-specification bunker fuel as per the norms of IMO.
  • In times of low domestic demand in the market of Europe, up to 75% of all VGO supply gets exported to the US Gulf Coast, making Russian oil loading in either the Baltics or the Black Sea very price-sensitive to the market in the US Gulf Coast.

Request discount on the report @ https://reportsanddata.com/discount-enquiry-form/1294

For the purpose of this report, Reports and Data have segmented global vacuum gas oil market on the basis of product, sulfur content, application and region:

Product (Volume, Million Barrels; 2016-2026 and Revenue, USD Million; 2016-2026)

  • Heavy Vacuum Gas Oil
  • Light vacuum gas Oil

Sulfur Content Outlook (Volume, Million Barrels; 2016-2026 and Revenue, USD Million; 2016-2026)

  • Low Sulfur VGO
  • High Sulfur VGO

Application Outlook (Volume, Million Barrels; 2016-2026 and Revenue, USD Million; 2016-2026)

  • Gasoline Production
  • Diesel Oil/Kerosene Production

To know more about the “Vacuum Gas Oil Market” report, visit @ https://www.reportsanddata.com/report-detail/vacuum-gas-oil-market

Regional Analysis Covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Thank you for reading our report. For further queries or inquiries about customization, kindly connect with us to know more. Our team will ensure the report is tailored according to your needs.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Power and Energy, and Chemicals. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W.

Head of Business Development

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Reports and Data | Web: www.reportsanddata.com

Connect with us:  Facebook| LinkedIn | Twitter

Explore our related report from different Publications:

Luxury Vinyl Tiles (LVT) Market

MALDI-TOF Mass Spectrometer Market

Acoustic Doppler Current Profilers Market

Comments

Post a Comment

Popular posts from this blog

Automated Barriers and Bollards Market Size, Revenue Analysis, For 2021–2028

The  Automated Barriers and Bollards Market  is expected to grow from USD 1.52 billion in 2018 to USD 1.93 billion by 2028, at a CAGR of 2.98% during the forecast period. Rise in roadways construction due to urbanization, increase in number of toll booths in developed as well as developing countries, emergence of several smart city programs, rise in demand of Automatic Number Plate Recognition (ANPR) technology for vehicle surveillance and need for better crowd and parking management solutions, for preventing unauthorized access, e.g. avoiding burglars and thieves from entering into the property are some of the driving factors of the market. High cost of deployment, maintenance & repair and lack of awareness regarding automated barriers and bollards may restrain the growth of the Automated Barriers and Bollards market. To get sample PDF copy of the report, visit @ https://reportsanddata.com/sample-enquiry-form/1165 Key Players Profiled in the Report are: Automatic ...
Read more

Fibre Cement Board Market Share, Top Key Players, Growth, Trend and Forecast Till 2027

  According to the current analysis of Reports and Data, the global  fiber cement board market  was valued at USD 13.43 Billion in 2019 and is expected to reach USD 19.89 Billion by the year 2027, at a CAGR of 5.03%. The Fiber Cement Board (FCB) is a building material that has been used in construction activities as building materials by mixing cement with various organic or mineral fibers at specified ratios. The addition of fibers to fiber cement imparts several attributes that are important to the application and serviceability of the composites. Some of these attributes include resistance to cracking, a lighter weight, and a degree of flexibility that are important to the fiber cement board market. These boards are majorly used for decorative purposes such as sidings, flooring, ceiling, roofing materials, soffit and trims, and as a tile backing board. It is preferred for building good quality and long-lasting furniture and homes due to properties such as high resistan...
Read more

Chain Block Market Size, Share, Analysis and Projection, Application, Forecast to 2027

The report published on global Chain Block market A novel report titled, ‘Global Chain Block Market, Forecast to 2027’ has been published by Reports and Data to provide a comprehensive analysis of the Chain Block industry and help reader, user, and investor understand the current market dynamics and plan investment strategies accordingly. The report offers insights about current and emerging market trends along with market size, revenue growth, drivers, restraints, challenges and opportunities. The report also offers detailed information about market segmentation, regional bifurcation and top companies. The report is generated through primary and secondary research and is evaluated by market experts. Advanced analytic tools such as SWOT analysis or Porter’s Five Force analysis are used to obtain accurate data. Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/373 Market Dynamics: The global Chain Block market size was significantly high in 2020 and...
Read more