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