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The vacuum gas oil market is forecasted to grow by USD 115.5 billion during 2023-2028, accelerating at a CAGR of 5.15% during the forecast period. The report on the vacuum gas oil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand for gasoline and diesel, rising demand for fossil fuels across various industries, and rise in use of vacuum gas oil in supplier bunker fuels aids.
The vacuum gas oil market is segmented as below:
By Product
- Lower sulphur content
- High sulphur content
By Type
- Light VGO
- Heavy VGO
By Geographical Landscape
- North America
- APAC
- Middle East and Africa
- Europe
- South America
The report on the vacuum gas oil market covers the following areas:
- Vacuum gas oil market sizing
- Vacuum gas oil market forecast
- Vacuum gas oil market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global vacuum gas oil market: Abu Dhabi National Oil Co., BP Plc, Chevron Corp., China National Petroleum Corp., Eni SpA, Exxon Mobil Corp., Hess Corp., Indian Oil Corp. Ltd., Kuwait Petroleum Corp., Marathon Petroleum Corp., Occidental Petroleum Corp., Petroleos Mexicanos, Phillips 66, PJSC LUKOIL, Repsol SA, Rosneft Oil Co., Saudi Arabian Oil Co., Shell plc, Sinopec Shanghai Petrochemical Co. Ltd., and TotalEnergies SE.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rise in refinery upgradation in oil and gas industry."
According to the report, one of the major drivers for this market is the increase in demand for gasoline and diesel.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Abu Dhabi National Oil Co.
- BP Plc
- Chevron Corp.
- China National Petroleum Corp.
- Eni SpA
- Exxon Mobil Corp.
- Hess Corp.
- Indian Oil Corp. Ltd.
- Kuwait Petroleum Corp.
- Marathon Petroleum Corp.
- Occidental Petroleum Corp.
- Petroleos Mexicanos
- Phillips 66
- PJSC LUKOIL
- Repsol SA
- Rosneft Oil Co.
- Saudi Arabian Oil Co.
- Shell plc
- Sinopec Shanghai Petrochemical Co. Ltd.
- TotalEnergies SE
