Vacuum Gas Oil (VGO) Market
Vacuum Gas Oil (VGO) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Vacuum Gas Oil (VGO) Market Size and Growth
The Vacuum Gas Oil (VGO) market is witnessing significant growth, driven by increased demand for cleaner energy sources and refining activities. The global VGO market size is projected to reach approximately USD 50 billion by 2028, reflecting a compound annual growth rate (CAGR) of around 4% over the forecast period.
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Companies Covered
(Covid 19 Impact Covered)
◍ Kuwait Petroleum Corporation (KPC)
◍ Axeon Specialty Products
◍ Marathon Oil
◍ U.S. Oil & Refining
◍ KazMunayGas (KMG)
◍ TAIF-NK PSC
◍ Tatneft
◍ Rosneft
The Vacuum Gas Oil (VGO) market features key players like Kuwait Petroleum Corporation, Axeon Specialty Products, Marathon Oil, and Rosneft. These companies leverage VGO for processing into higher-value products, enhancing operational efficiency. Their strategic investments and innovation drive market growth.
Revenue highlights include:
- Marathon Oil: $5.2 billion
- Rosneft: $94 billion
- KazMunayGas: $18 billion
◍ Integrated Refinery Petrochemical Complex (IRPC)
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Market Segmentation
By Application
Gasoline Production
Diesel / Kerosene Production
By Product
Heavy Vacuum Gas Oil (HVGO)
Light Vacuum Gas Oil (LVGO)
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$ 533.89 Billion
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