According to Cognitive Market Research, the global vacuum gas oil (VGO) market size is USD 360251.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 144100.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 108075.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 82857.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America's market has more than 5% of the global revenue, with a market size of USD 18012.56 million in 2024, and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 7205.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
Diesel oil/kerosene production held the highest vacuum gas oil (VGO) market revenue share in 2024.
