Global Vacuum Gas Oil (VGO) Market Revenue, Analysis, Size and Trends REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Vacuum gas oil or VGO is a vital bridging feedstock that can augment the efficiency of diesel & gas from process plants. It is produced through the vacuum distillation column using various different processes such as hydrogenation and cracking. VGO is also referred to as cat feed as it is used as a feedstock to create gasoline, gasoil and other by-products. According to analysis, “Global Vacuum Gas Oil (VGO) Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” few of the leading companies operating in the global vacuum gas oil market include Kuwait Petroleum Corporation, U.S. Oil & Refining, Axeon, Shell and among others. The key firms are increasingly focusing on the ramping up their hydro-cracking facilities. The vacuum gas oil market is categorized on the basis of product, sulfur content, and application. The product segment is further sub-segmented into light vacuum gas oil and heavy vacuum gas oil. The light vacuum gas oil segment is projected to grow at an accelerated CAGR owing to rise in use of light vacuum gas oil in cracking in order to obtain gasoline & diesel during the forecast period. Heavy vacuum gas oil can also be used as a feedstock for producing the lubricating oil base stock by a sequence of solvent extraction processes to remove the aromatic hydrocarbons by furfural extraction, and also to remove the long-chain paraffin by de-waxing. Additionally, the application segment is categorized into diesel oil/kerosene production and gasoline production. As low sulfur VGO makes an excellent feed-stock to obtain the gasoline & other high-octane components, the gasoline production segment is likely to grow at the highest CAGR during the forecast period. Rising demand for fossil fuels, increase in investments in research & development (R&D), growth in marine industry and increase in efforts to produce a bulk output of oil & gas are major factors for growth of vacuum gas oil market. Apart from this, strict mandates by global organizations on vacuum gas oil compositions & emission contents are hindering factors for market. Moreover, rise in demand from the Asia-pacific region is a key opportunity for market. Furthermore, environment regulation on the use of diesel is a major challenge for global market. By regional analysis, vacuum gas oil market is divided into North-America, Asia-Pacific, Europe and rest of the world. The North-America is a leading region in global market due to increase in investment in R&D activities and rise in demand of gasoline & diesel for automotive across the region. The Asia-Pacific region is anticipated to exhibit substantial growth rate owing to rise in need for bunkering fuel in the developing economies like India and China over the forecast period. Additionally, the Middle East & Africa region is also anticipated to exhibit substantial growth rate because of large unconventional reserves discoveries along with vast exploration & production (E&P) activities during the forecast period. It is predicted that future of the global vacuum gas oil market will be optimistic on account of presence of the well-developed refining & cracking facilities and rapid industrialization coupled with growth in per capita energy demand during the forecast period. 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