真空製氣油市場：現況分析與預測（2024-2032）

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

出版日期: 2024年07月01日 | 出版商:

UnivDatos Market Insights Pvt Ltd | 英文 135 Pages | 商品交期: 最快1-2個工作天內

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簡介目錄

在預測期（2024-2032年），真空製氣油市場預計將出現約5.4%的顯著成長。全球真空製氣油（VGO）市場受到多種因素的推動，其中包括運輸燃料需求的成長、石化產業的擴張以及煉油產業的技術進步。這是因為，隨著經濟成長和工業化，對源自 VGO 的柴油、噴射燃料和汽油的需求將會增加。此外，由於 VGO 被用作塑膠製造化學品的原材料，石化行業的需求將會增加。影響VGO精煉過程和轉化為高附加價值產品過程的技術因素也是推動市場擴張的領域。例如，埃克森美孚計畫在2021年投資超過10億美元，將現有延遲焦化裝置改造為加氫裂解裝置。這種轉換將使煉油廠能夠將 VGO 等低價值產品加工成高價值柴油和船用燃料。這項投資是埃克森美孚策略的一部分，目的是優化其煉油產品組合併提高更清潔、更高價值產品的生產，以應對不斷變化的市場需求和監管要求。

依產品，市場分為輕量真空製氣油（LVGO）及重質真空製氣油（HVGO）。由於汽油和柴油需求的增加、全球石化產業的快速成長以及再融資技術，輕量真空製氣油預計在預測期（2024-2032年）將以顯著的年複合成長率成長。 LVGO 是一種非常適合生產天然氣和柴油的原料，可以滿足世界各地不斷成長的運輸需求。此外，LVGO 在石化產業中用作生產化學品和塑膠的基礎材料，增加了消耗。原油價格的波動以及煉油業務技術和製程的發展，以提高 LVGO 產品的價值，都促進了市場的成長。此外，公司為建立市場而進行的投資，特別是在亞太地區，也支持了市場的成長。例如，2020年，中國石化宣布計畫投資約68億美元在廣東省湛江市建設新的煉油化工複合體。

依硫含量，市場分為真空低硫輕油和真空高硫輕油。2023年，低硫輕柴油真空領域將主導市場。引進低硫瓦斯油真空（LSGO）的主要動力是硫含量法規以及環境和技術因素所帶來的需求。國際海事組織（IMO）的硫上限等法規規定了船用燃料中硫的最高含量，導致了 LSGO 的使用。傳統燃料含有較高濃度的硫，因此LSGO不含任何硫，這不僅最大限度地減少了二氧化硫（一種導致酸雨的空氣污染物）的排放，而且消除了這些排放，並且不違反任何法律。

根據應用，市場分為汽油生產和柴油生產。柴油是卡車、巴士、火車和船舶的重要燃料，隨著經濟的成長，對柴油動力運輸的需求也在增加。此外，對清潔燃料的監管要求已將注意力集中在低硫柴油的生產上，這可以透過加工 VGO 來實現。煉油製程的技術進步也是 VGO 柴油產量成長的主要動力。

為了更了解真空製氣油的市場介紹，將市場分為北美（美國、加拿大等北美地區）、歐洲（德國、法國、英國、西班牙、義大利等歐洲地區）地區）、亞太地區（中國、日本、印度等亞太地區）以及世界其他地區。北美佔據最大的市場佔有率。北美真空製氣油的成長受到幾個關鍵因素的推動。由於對汽油、柴油和噴射燃料等精煉石油產品的需求增加，北美地區日益採用真空製氣油（VGO）。該地區的煉油廠投資先進的加工技術，以有效地將 VGO 轉化為更高價值的產品。生產清潔燃料的監管壓力以及優化煉油業務以滿足市場需求的需求推動了這一趨勢。例如，2021年，Marathon宣布斥資12億美元對其位於路易斯安那州的加里維爾煉油廠進行升級改造，提高加氫裂解能力，重點加強加氫裂解能力，將更多VGO加工成超低硫柴油和其他高價值產品。這項投資反映了北美煉油廠利用 VGO 生產更清潔、更有效率燃料的策略性舉措。

市場上營運的主要公司包括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.。

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.

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.