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市场调查报告书
商品编码
1534902

真空製气油市场:现况分析与预测(2024-2032)

Vacuum Gas Oil Market: Current Analysis and Forecast (2024-2032)

出版日期: | 出版商: UnivDatos Market Insights Pvt Ltd | 英文 135 Pages | 商品交期: 最快1-2个工作天内

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简介目录

在预测期(2024-2032年),真空製气油市场预计将出现约5.4%的显着成长。全球真空製气油(VGO)市场受到多种因素的推动,其中包括运输燃料需求的成长、石化产业的扩张以及炼油产业的技术进步。这是因为,随着经济成长和工业化,对源自 VGO 的柴油、喷射燃料和汽油的需求将会增加。此外,由于 VGO 被用作塑胶製造化学品的原材料,石化行业的需求将会增加。影响VGO精炼过程和转化为高附加价值产品过程的技术因素也是推动市场扩张的领域。例如,埃克森美孚计画在2021年投资超过10亿美元,将现有延迟焦化装置改造为加氢裂解装置。这种转换将使炼油厂能够将 VGO 等低价值产品加工成高价值柴油和船用燃料。这项投资是埃克森美孚策略的一部分,目的是优化其炼油产品组合併提高更清洁、更高价值产品的生产,以应对不断变化的市场需求和监管要求。

依产品,市场分为轻量真空製气油(LVGO)及重质真空製气油(HVGO)。由于汽油和柴油需求的增加、全球石化产业的快速成长以及再融资技术,轻量真空製气油预计在预测期(2024-2032年)将以显着的年复合成长率成长。 LVGO 是一种非常适合生产天然气和柴油的原料,可以满足世界各地不断成长的运输需求。此外,LVGO 在石化产业中用作生产化学品和塑胶的基础材料,增加了消耗。原油价格的波动以及炼油业务技术和製程的发展,以提高 LVGO 产品的价值,都促进了市场的成长。此外,公司为建立市场而进行的投资,特别是在亚太地区,也支持了市场的成长。例如,2020年,中国石化宣布计画投资约68亿美元在广东省湛江市建设新的炼油化工复合体。

依硫含量,市场分为真空低硫轻油和真空高硫轻油。2023年,低硫轻柴油真空领域将主导市场。引进低硫瓦斯油真空(LSGO)的主要动力是硫含量法规以及环境和技术因素所带来的需求。国际海事组织(IMO)的硫上限等法规规定了船用燃料中硫的最高含量,导致了 LSGO 的使用。传统燃料含有较高浓度的硫,因此LSGO不含任何硫,这不仅最大限度地减少了二氧化硫(一种导致酸雨的空气污染物)的排放,而且消除了这些排放,并且不违反任何法律。

根据应用,市场分为汽油生产和柴油生产。柴油是卡车、巴士、火车和船舶的重要燃料,随着经济的成长,对柴油动力运输的需求也在增加。此外,对清洁燃料的监管要求已将注意力集中在低硫柴油的生产上,这可以透过加工 VGO 来实现。炼油製程的技术进步也是 VGO 柴油产量成长的主要动力。

为了更了解真空製气油的市场介绍,将市场分为北美(美国、加拿大等北美地区)、欧洲(德国、法国、英国、西班牙、义大利等欧洲地区)地区)、亚太地区(中国、日本、印度等亚太地区)以及世界其他地区。北美占据最大的市场占有率。北美真空製气油的成长受到几个关键因素的推动。由于对汽油、柴油和喷射燃料等精炼石油产品的需求增加,北美地区日益采用真空製气油(VGO)。该地区的炼油厂投资先进的加工技术,以有效地将 VGO 转化为更高价值的产品。生产清洁燃料的监管压力以及优化炼油业务以满足市场需求的需求推动了这一趋势。例如,2021年,Marathon宣布斥资12亿美元对其位于路易斯安那州的加里维尔炼油厂进行升级改造,提高加氢裂解能力,重点加强加氢裂解能力,将更多VGO加工成超低硫柴油和其他高价值产品。这项投资反映了北美炼油厂利用 VGO 生产更清洁、更有效率燃料的策略性举措。

市场上营运的主要公司包括LUKOIL、TAIF-NK、JSC National Company、Par Pacific Holdings, Inc.、Neste、Vertex Energy、Honeywell International Inc.、Gazprom International Limited、KUWAIT PETROLEUM CORPORATION、China Yuanda Valve Group Co.。

目录

第1章 市场介绍

  • 市场定义
  • 主要目的
  • 利害关係人
  • 限制

第2章 研究方法或前提

  • 调查过程
  • 调查方法
  • 受访者简介

第3章 执行摘要

  • 行业概况
  • 依细分市场进行预测
    • 市场成长的力量
  • 区域展望

第4章 市场动态

  • 促进因素
  • 机会
  • 抑制因素
  • 趋势
  • PESTEL 分析
  • 需求方分析
  • 供给面分析
    • 併购
    • 投资场景
    • 产业洞察:主要新创公司及其独特策略

第5章 价格分析

  • 区域价格分析
  • 影响价格的因素

第6章 全球真空製气油市场收入,2022-2032

第7章 产品市场分析

  • 轻量真空製气油(LVGO)
  • 重真空製气油(HVGO)

第8章 硫含量市场分析

  • 低硫真空製气油
  • 高硫真空製气油

第9章 依应用程式进行市场分析

  • 汽油生产
  • 柴油产量

第10章 依地区划分的市场分析

  • 北美
    • 美国
    • 加拿大
    • 其他北美地区
  • 欧洲
    • 德国
    • 英国
    • 法国
    • 义大利
    • 西班牙
    • 其他欧洲地区
  • 亚太地区
    • 中国
    • 日本
    • 印度
    • 其他亚太地区
  • 世界其他地区

第11章 价值链分析

  • 边际分析
  • 进入市场的公司名单

第12章 竞争态势

  • 竞争对手仪表板
  • 竞争市场定位分析
  • 波特五力分析

第13章 公司简介

  • LUKOIL
    • 公司概况
    • 主要财务状况
    • SWOT分析
    • 产品组合
    • 近期趋势
  • TAIF-NK
  • JSC National Company
  • Par Pacific Holdings, Inc
  • Neste
  • Vertex Energy
  • Honeywell International Inc.
  • Gazprom International Limited
  • KUWAIT PETROLEUM CORPORATION
  • China Yuanda Valve Group Co., Ltd.

第14章 缩写与假设

第15章 附录

简介目录
Product Code: UMEP212901

Vacuum gas oil (VGO) is a feedstock category used in many sectors, mainly the refinery sector, which manufactures many petroleum products. The second type is derived from the vacuum distillation process; the process follows the initial process of atmospheric distillation towers and partial refining of crude oil. VGO is a general mix of hydrocarbons in the mid-range of the boiling point, which can include light products such as diesel and higher boiling point components that may be refined to heavier products such as gasoline. Since the VGO is derived from crude oil, its nature, and characteristics may also differ depending on the quality of the crude oil that has been used and the refining processes that the VGO has undergone; however, VGO is defined based on the boiling point range of 343°C to 538°C (650°F to 1000°F). This makes VGO ideally suited for processing catalytic crackers, hydro crackers, and other units in a refinery to generate valuable fuels and petrochemical feedstock. VGO competes with other products and crude oil, as well as the demand and refining margin, all of which make the product an important link to the global supply of energy.

The Vacuum Gas Oil Market is expected to grow at a significant rate of around 5.4% during the forecast period (2024-2032). The global vacuum gas oil (VGO) market is driven by several factors, among which the rising demand for transportation fuel, the expanding petrochemical sector, and technological enhancements in the refining sector take the limelight. This is because as economies grow and become industrialized, there is an expansion in demand for diesel, jet fuel, and gasoline, which are all derivable from VGO. Further, in the petrochemical industry, VGO is used as a raw material for manufacturing chemicals used in plastic production, thus increasing its demand. Technological factors that affect the refining processes and the conversion process of VGO into high-value products are also areas that have favored the expansion of the market. For instance, in 2021, ExxonMobil planned to invest more than USD 1 billion to convert its existing delayed coker into a hydrocracker unit. This conversion would enable the refinery to process lower-value products like VGO into higher-value diesel and marine fuels. The investment was part of ExxonMobil's strategy to optimize its refining portfolio and enhance the production of cleaner, higher-value products in response to evolving market demand and regulatory requirements.

Based on the product, the market has been divided into light vacuum gas oil (LVGO) and heavy vacuum gas oil (HVGO). The light vacuum gas oil is expected to grow with a significant CAGR in the forecast period (2024-2032) due to the growing demand for gasoline and diesel, burgeoning in the global petrochemical industry, and refinancing technologies. This is a highly preferable feedstock for the manufacturing of gas and diesel to cater to the ever-increasing transport requirements worldwide. Furthermore, LVGO is used in the petrochemical industry as a building block to manufacture chemicals and plastics, increasing its consumption. Fluctuations in the price of crude oil and growing technologies and techniques in the refining business to improve product value from LVGO have contributed to market growth. Further, the investment by the companies to build the market, particularly in the Asia Pacific region, also fuels market growth. For instance, in 2020, Sinopec announced plans to invest approximately USD 6.8 billion to build a new refining and petrochemical complex in Zhanjiang, Guangdong province.

Based on the sulfur content, the market is segmented into low-sulfur and high-sulfur gas oil vacuum. The low-sulfur gas oil vacuum segment dominated the market in the year 2023. The primary impetus for implementing a low-sulfur gas oil vacuum (LSGO) is the demand due to sulfur-content restrictions and environmental and technological factors. Escape regulations like the International Maritime Organization (IMO) sulfur cap mandate, which dictates the maximum level of sulfur contained in marine fuels, have led to the use of LSGO. Traditional fuels contain higher concentrations of sulfur, and therefore, since LSGO does not contain any sulfur, it will not violate these laws in addition to minimizing the emission of sulfur dioxide, which is an air pollutant and results in the formation of acid rain.

Based on the application, the market is segmented into gasoline production and diesel oil production. Diesel is a vital fuel for trucks, buses, trains, and ships, and as economies grow, so does the need for diesel-powered transportation. Additionally, regulatory requirements for cleaner fuels have led to an increased focus on producing diesel with lower sulfur content, which can be achieved by processing VGO. Technological advancements in refining processes have also significantly driven the growth of VGO's diesel production.

For a better understanding of the market adoption of Vacuum Gas Oil, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, France, U.K., Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America holds the most significant market share in the market. The growth of vacuum gas oil in North America is driven by several key factors. The growing adoption of vacuum gas oil (VGO) in North America is driven by increasing demand for refined petroleum products such as gasoline, diesel, and jet fuel. Refineries in the region are investing in advanced processing technologies to convert VGO into higher-value products efficiently. This trend is fueled by regulatory pressures to produce cleaner fuels and the need to optimize refining operations to meet market demand. For instance, in 2021, Marathon announced a USD 1.2 billion upgrade to its Garyville refinery in Louisiana, focusing on enhancing its hydrocracking capabilities to process more VGO into ultra-low sulfur diesel and other high-value products. This investment reflects the strategic moves by North American refineries to leverage VGO to produce cleaner and more efficient fuels.

Some of the major players operating in the market include LUKOIL, TAIF-NK, JSC National Company, Par Pacific Holdings, Inc, Neste, Vertex Energy, Honeywell International Inc., Gazprom International Limited, KUWAIT PETROLEUM CORPORATION, and China Yuanda Valve Group Co., Ltd.

TABLE OF CONTENTS

1.MARKET INTRODUCTION

  • 1.1. Market Definitions
  • 1.2. Main Objective
  • 1.3. Stakeholders
  • 1.4. Limitation

2.RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1. Research Process of the Vacuum Gas Oil Market
  • 2.2. Research Methodology of the Vacuum Gas Oil Market
  • 2.3. Respondent Profile

3.EXECUTIVE SUMMARY

  • 3.1. Industry Synopsis
  • 3.2. Segmental Outlook
    • 3.2.1. Market Growth Intensity
  • 3.3. Regional Outlook

4.MARKET DYNAMICS

  • 4.1. Drivers
  • 4.2. Opportunity
  • 4.3. Restraints
  • 4.4. Trends
  • 4.5. PESTEL Analysis
  • 4.6. Demand Side Analysis
  • 4.7. Supply Side Analysis
    • 4.7.1. Merger & Acquisition
    • 4.7.2. Investment Scenario
    • 4.7.3. Industry Insights: Leading Startups and Their Unique Strategies

5.PRICING ANALYSIS

  • 5.1. Regional Pricing Analysis
  • 5.2. Price Influencing Factors

6.GLOBAL VACUUM GAS OIL MARKET REVENUE (USD BN), 2022-2032F

7.MARKET INSIGHTS BY PRODUCT

  • 7.1. Light Vacuum Gas Oil (LVGO)
  • 7.2. Heavy Vacuum Gas Oil (HVGO)

8.MARKET INSIGHTS BY SULFUR CONTENT

  • 8.1. Low-sulfur Vacuum Gas Oil
  • 8.2. High-sulfur Vacuum Gas Oil

9.MARKET INSIGHTS BY APPLICATION

  • 9.1. Gasoline Production
  • 9.2. Diesel Oil Production

10.MARKET INSIGHTS BY REGION

  • 10.1. North America
    • 10.1.1. U.S.
    • 10.1.2. Canada
    • 10.1.3. Rest of North America
  • 10.2. Europe
    • 10.2.1. Germany
    • 10.2.2. U.K.
    • 10.2.3. France
    • 10.2.4. Italy
    • 10.2.5. Spain
    • 10.2.6. Rest of Europe
  • 10.3. Asia-Pacific
    • 10.3.1. China
    • 10.3.2. Japan
    • 10.3.3. India
    • 10.3.4. Rest of Asia-Pacific
  • 10.4. Rest of World

11.VALUE CHAIN ANALYSIS

  • 11.1. Marginal Analysis
  • 11.2. List of Market Participants

12.COMPETITIVE LANDSCAPE

  • 12.1. Competition Dashboard
  • 12.2. Competitor Market Positioning Analysis
  • 12.3. Porter Five Forces Analysis

13.COMPANY PROFILED

  • 13.1. LUKOIL
    • 13.1.1. Company Overview
    • 13.1.2. Key Financials
    • 13.1.3. SWOT Analysis
    • 13.1.4. Product Portfolio
    • 13.1.5. Recent Developments
  • 13.2. TAIF-NK
  • 13.3. JSC National Company
  • 13.4. Par Pacific Holdings, Inc
  • 13.5. Neste
  • 13.6. Vertex Energy
  • 13.7. Honeywell International Inc.
  • 13.8. Gazprom International Limited
  • 13.9. KUWAIT PETROLEUM CORPORATION
  • 13.10. China Yuanda Valve Group Co., Ltd.

14.ACRONYMS & ASSUMPTION

15.ANNEXURE