Vacuum Gas Oil
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 experiencing steady growth, driven by increasing demand for low-sulfur fuels and refining capacity expansions. The global market size is projected to reach approximately USD 50 billion by 2028, influenced by geopolitical factors and advancements in refining technologies, enhancing product yield and quality.
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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, leveraging VGO in refining processes and petrochemical production. Their operations enhance efficiency and product yield, driving market growth. Revenue figures include:
- Marathon Oil: $5.3 billion
◍ Integrated Refinery Petrochemical Complex (IRPC)
- Rosneft: $83 billion Request Sample Report
