Vacuum Gas Oil Market Share, Market share held by refiners utilizing VGO in hydrocracking to produce high-value fuels and petrochemicals.

The Vacuum Gas Oil Market Share is heavily concentrated in certain regions, with North America holding the largest portion of the market, accounting for over 46% of the share in 2024. This is due to the presence of complex refineries and a high demand for transportation fuels in the region.

The Asia-Pacific region is expected to be the fastest-growing market, driven by rapid economic development, urbanization, and the expansion of refining capacities in countries like China and India. By sulfur content, the low-sulfur VGO segment holds a significant market share, primarily due to its critical role in meeting stringent global sulfur regulations, such as the IMO 2020 and Euro VI standards.