Market Size of Brazil Oil and Gas Midstream Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Oil and Gas Midstream Market Analysis
The Brazilian oil and gas midstream market is projected to register a CAGR of over 3.5 % during the forecast period.
In 2020, COVID-19 had a detrimental effect on the market. Presently, the market has reached pre-pandemic levels.
- Over the medium term, factors such as increasing oil and gas activities in the country and the increasing natural gas trade from neighboring countries are expected to drive the growth of the Brazilian oil and gas midstream market during the forecast period.
- On the other hand, Brazil's shift toward renewable sources for electricity generation poses a huge threat to the oil and gas midstream sector and is likely to restrain the Brazilian oil and gas midstream market.
- Nevertheless, the demand for oil is expected to increase to three million barrels per day, while the demand for gas is expected to increase to 82 billion cubic meters by 2040 in Brazil. In a bid to meet the rising demand for oil and gas, the pipeline capacities are expected to get expanded, and new pipeline projects are expected to get commissioned, which is expected to create an opportunity for the country's midstream market in the near future.
