Market Size of Brazil Oil and Gas Downstream Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 5.13 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Oil & Gas Downstream Market Analysis
The market for the oil and gas downstream sector in Brazil is expected to grow at a CAGR of more than 5.13% during the forecast period.
The market was negatively impacted by COVID-19. Presently the market has now reached pre-pandemic levels.
- Factors such as increasing demand for natural gas and increasing demand for refined petroleum products are expected to boost the demand for the Brazil oil and gas downstream market during the forecast period. New projects with high capacity are expected to be added to the Brazil downstream market over the forecast period, which, in turn, is expected to boost the market demand.
- However, low investment in the country has reduced optimism and therefore decreased the growth in the oil and gas downstream sector.
- New projects with high capacity are expected to be added to the Brazil downstream market over the forecast period, which, in turn, is expected to create an opportunity for the oil and gas downstream market in the forecast period.
