Vacuum Gas Oil Market Key Players Analysis 2031
The rising demand for fossil fuels across different sectors is expected to drive the Vacuum Gas Oil Market expansion over the forecast period. Additionally, the rise in efforts to produce a bulk supply of oil and gas positively impacts the market growth. Furthermore, the expanding use of the Vacuum Gas Oil Market in diesel production, mounting investments in Research and Development (R&D) activities as well as increasing investments in Research and Development (R&D) in hydrocracking and fluid catalytic processes to obtain good efficiency from such procedures are expected to drive the growth of the Vacuum Gas Oil Market during the forecast period.
MARKET SCOPE
The "Global Vacuum Gas Oil Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on global market trend analysis. The report aims to provide an overview of the vacuum gas oil market with detailed market segmentation by type, application, and geography. The global vacuum gas oil market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading vacuum gas oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global vacuum gas oil market is segmented by type, and application.
MARKET DYNAMICS
Drivers:
- The vacuum gas oil demand in bunker fuel is rising due to the marine market. Over the forecast period, growth in sea trade and marine exploration is anticipated to augment the vacuum gas oil market.
- The key restraint for the market is strict mandates by global organizations on VGO composition and emission content.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
The market has negatively affected the COVID-19 pandemic due to the lack of labor and supply chain disruptions. The closer manufacturing hubs led to the lack of raw materials required to produce capacitors, affecting the supply chain. The key players operating in the market launched novel products to offer innovative features and enhance their brand image. On January 2021, Indian Oil Corporation Ltd closed its vacuum gas oil hydrotreating unit at its refinery for 50 days to raise its capacity to - 2 million mt/year, up - 8% from the current capacity. The company plans to simultaneously hike its continuous catalytic reformer's capacity to 780,000 mt/year, up 30% from the current capacity. Furthermore, TAIF-NK and LUKOIL are continuously innovating new advanced technologies to enhance the Vacuum Gas Oil Market over the forecast period. These developments by the key player might help the market to recover from the COVID-19 disruptions to some extent.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
The market has negatively affected the COVID-19 pandemic due to the lack of labor and supply chain disruptions. The closer manufacturing hubs led to the lack of raw materials required to produce capacitors, affecting the supply chain. The key players operating in the market launched novel products to offer innovative features and enhance their brand image. On January 2021, Indian Oil Corporation Ltd closed its vacuum gas oil hydrotreating unit at its refinery for 50 days to raise its capacity to - 2 million mt/year, up - 8% from the current capacity. The company plans to simultaneously hike its continuous catalytic reformer's capacity to 780,000 mt/year, up 30% from the current capacity. Furthermore, TAIF-NK and LUKOIL are continuously innovating new advanced technologies to enhance the Vacuum Gas Oil Market over the forecast period. These developments by the key player might help the market to recover from the COVID-19 disruptions to some extent.
MARKET PLAYERS
The reports cover key developments in the vacuum gas oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from vacuum gas oil market are anticipated to lucrative growth opportunities in the future with the rising demand for vacuum gas oil in the global market. Below mentioned is the list of few companies engaged in the vacuum gas oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vacuum gas oil market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.
- Kuwait Petroleum Corporation (KPC)
- Axeon Specialty Products
- Marathon Oil
- U.S. Oil and Refining
- KazMunayGas (KMG)
- TAIF-NK PSC
- Tatneft
- Rosneft
- Integrated Refinery Petrochemical Complex (IRPC)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Vacuum Gas Oil Market - By Type
1.3.2 Vacuum Gas Oil Market - By Application
1.3.3 Vacuum Gas Oil Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VACUUM GAS OIL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. VACUUM GAS OIL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. VACUUM GAS OIL MARKET - GLOBAL MARKET ANALYSIS
6.1. VACUUM GAS OIL - GLOBAL MARKET OVERVIEW
6.2. VACUUM GAS OIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. VACUUM GAS OIL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HEAVY VACUUM GAS OIL
7.3.1. Overview
7.3.2. Heavy Vacuum Gas Oil Market Forecast and Analysis
7.4. LIGHT VACUUM GAS OIL
7.4.1. Overview
7.4.2. Light Vacuum Gas Oil Market Forecast and Analysis
8. VACUUM GAS OIL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. GASOLINE PRODUCTION
8.3.1. Overview
8.3.2. Gasoline Production Market Forecast and Analysis
8.4. DIESEL OIL PRODUCTION
8.4.1. Overview
8.4.2. Diesel Oil Production Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. VACUUM GAS OIL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Vacuum Gas Oil Market Overview
9.1.2 North America Vacuum Gas Oil Market Forecasts and Analysis
9.1.3 North America Vacuum Gas Oil Market Forecasts and Analysis - By Type
9.1.4 North America Vacuum Gas Oil Market Forecasts and Analysis - By Application
9.1.5 North America Vacuum Gas Oil Market Forecasts and Analysis - By Countries
9.1.5.1 United States Vacuum Gas Oil Market
9.1.5.1.1 United States Vacuum Gas Oil Market by Type
9.1.5.1.2 United States Vacuum Gas Oil Market by Application
9.1.5.2 Canada Vacuum Gas Oil Market
9.1.5.2.1 Canada Vacuum Gas Oil Market by Type
9.1.5.2.2 Canada Vacuum Gas Oil Market by Application
9.1.5.3 Mexico Vacuum Gas Oil Market
9.1.5.3.1 Mexico Vacuum Gas Oil Market by Type
9.1.5.3.2 Mexico Vacuum Gas Oil Market by Application
9.2. EUROPE
9.2.1 Europe Vacuum Gas Oil Market Overview
9.2.2 Europe Vacuum Gas Oil Market Forecasts and Analysis
9.2.3 Europe Vacuum Gas Oil Market Forecasts and Analysis - By Type
9.2.4 Europe Vacuum Gas Oil Market Forecasts and Analysis - By Application
9.2.5 Europe Vacuum Gas Oil Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Vacuum Gas Oil Market
9.2.5.1.1 Germany Vacuum Gas Oil Market by Type
9.2.5.1.2 Germany Vacuum Gas Oil Market by Application
9.2.5.2 France Vacuum Gas Oil Market
9.2.5.2.1 France Vacuum Gas Oil Market by Type
9.2.5.2.2 France Vacuum Gas Oil Market by Application
9.2.5.3 Italy Vacuum Gas Oil Market
9.2.5.3.1 Italy Vacuum Gas Oil Market by Type
9.2.5.3.2 Italy Vacuum Gas Oil Market by Application
9.2.5.4 United Kingdom Vacuum Gas Oil Market
9.2.5.4.1 United Kingdom Vacuum Gas Oil Market by Type
9.2.5.4.2 United Kingdom Vacuum Gas Oil Market by Application
9.2.5.5 Russia Vacuum Gas Oil Market
9.2.5.5.1 Russia Vacuum Gas Oil Market by Type
9.2.5.5.2 Russia Vacuum Gas Oil Market by Application
9.2.5.6 Rest of Europe Vacuum Gas Oil Market
9.2.5.6.1 Rest of Europe Vacuum Gas Oil Market by Type
9.2.5.6.2 Rest of Europe Vacuum Gas Oil Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Vacuum Gas Oil Market Overview
9.3.2 Asia-Pacific Vacuum Gas Oil Market Forecasts and Analysis
9.3.3 Asia-Pacific Vacuum Gas Oil Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Vacuum Gas Oil Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Vacuum Gas Oil Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Vacuum Gas Oil Market
9.3.5.1.1 Australia Vacuum Gas Oil Market by Type
9.3.5.1.2 Australia Vacuum Gas Oil Market by Application
9.3.5.2 China Vacuum Gas Oil Market
9.3.5.2.1 China Vacuum Gas Oil Market by Type
9.3.5.2.2 China Vacuum Gas Oil Market by Application
9.3.5.3 India Vacuum Gas Oil Market
9.3.5.3.1 India Vacuum Gas Oil Market by Type
9.3.5.3.2 India Vacuum Gas Oil Market by Application
9.3.5.4 Japan Vacuum Gas Oil Market
9.3.5.4.1 Japan Vacuum Gas Oil Market by Type
9.3.5.4.2 Japan Vacuum Gas Oil Market by Application
9.3.5.5 South Korea Vacuum Gas Oil Market
9.3.5.5.1 South Korea Vacuum Gas Oil Market by Type
9.3.5.5.2 South Korea Vacuum Gas Oil Market by Application
9.3.5.6 Rest of Asia-Pacific Vacuum Gas Oil Market
9.3.5.6.1 Rest of Asia-Pacific Vacuum Gas Oil Market by Type
9.3.5.6.2 Rest of Asia-Pacific Vacuum Gas Oil Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Vacuum Gas Oil Market Overview
9.4.2 Middle East and Africa Vacuum Gas Oil Market Forecasts and Analysis
9.4.3 Middle East and Africa Vacuum Gas Oil Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Vacuum Gas Oil Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Vacuum Gas Oil Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Vacuum Gas Oil Market
9.4.5.1.1 South Africa Vacuum Gas Oil Market by Type
9.4.5.1.2 South Africa Vacuum Gas Oil Market by Application
9.4.5.2 Saudi Arabia Vacuum Gas Oil Market
9.4.5.2.1 Saudi Arabia Vacuum Gas Oil Market by Type
9.4.5.2.2 Saudi Arabia Vacuum Gas Oil Market by Application
9.4.5.3 U.A.E Vacuum Gas Oil Market
9.4.5.3.1 U.A.E Vacuum Gas Oil Market by Type
9.4.5.3.2 U.A.E Vacuum Gas Oil Market by Application
9.4.5.4 Rest of Middle East and Africa Vacuum Gas Oil Market
9.4.5.4.1 Rest of Middle East and Africa Vacuum Gas Oil Market by Type
9.4.5.4.2 Rest of Middle East and Africa Vacuum Gas Oil Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Vacuum Gas Oil Market Overview
9.5.2 South and Central America Vacuum Gas Oil Market Forecasts and Analysis
9.5.3 South and Central America Vacuum Gas Oil Market Forecasts and Analysis - By Type
9.5.4 South and Central America Vacuum Gas Oil Market Forecasts and Analysis - By Application
9.5.5 South and Central America Vacuum Gas Oil Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Vacuum Gas Oil Market
9.5.5.1.1 Brazil Vacuum Gas Oil Market by Type
9.5.5.1.2 Brazil Vacuum Gas Oil Market by Application
9.5.5.2 Argentina Vacuum Gas Oil Market
9.5.5.2.1 Argentina Vacuum Gas Oil Market by Type
9.5.5.2.2 Argentina Vacuum Gas Oil Market by Application
9.5.5.3 Rest of South and Central America Vacuum Gas Oil Market
9.5.5.3.1 Rest of South and Central America Vacuum Gas Oil Market by Type
9.5.5.3.2 Rest of South and Central America Vacuum Gas Oil Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. VACUUM GAS OIL MARKET, KEY COMPANY PROFILES
11.1. KUWAIT PETROLEUM CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AXEON SPECIALTY PRODUCTS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MARATHON OIL
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. U.S. OIL AND REFINING
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KAZMUNAYGAS (KMG)
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. TAIF-NK PSC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. TATNEFT
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ROSNEFT
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. INTEGRATED REFINERY PETROCHEMICAL COMPLEX (IRPC)
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Kuwait Petroleum Corporation
2. Axeon Specialty Products
3. Marathon Oil
4. U.S. Oil and Refining
5. KazMunayGas (KMG)
6. TAIF-NK PSC
7. Tatneft
8. Rosneft
9. Integrated Refinery Petrochemical Complex (IRPC)
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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