Market Size of Argentina Oil and Gas Downstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.13 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Argentina Oil and Gas Downstream Market Analysis
The market for oil and gas downstream in Argentina is expected to register a CAGR of more than 1.13% during the forecast period of 2020 - 2025. Factors, such as increasing demand for natural gas and rising production of oil in the country, are expected to drive the demand for the Argentina oil and gas downstream market during the forecast period. However, decreasing the consumption of oil is hindering the growth of the market.
- The prospects of refineries in Argentina are quite optimistic due to the increase in production levels of the shale play. This, in turn, is expected to boost the domestic refining capacity in the coming years.
- Investments in the upstream and downstream oil and gas activities in Argentina are likely to create immense opportunities for the market studied.
- Increasing the production of oil and gas is expected to boost the oil and gas downstream sector. Also, increasing investments in refineries and petrochemical plants are further aiding the growth in the industry.
