Market Size of Mexico 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 | > 2.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Oil and Gas Downstream Market Analysis
The Mexican oil and gas downstream market is expected to register a CAGR of over 2% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.
- Over the medium term, increasing demand for natural gas and rising investment in refineries and LNG Terminals are expected to drive the growth of the market studied.
- On the other hand, reducing oil and gas production in the country is expected to hamper the growth of Mexico's oil and gas downstream market during the forecast period.
- Nevertheless, favorable policies for investment by private players in the downstream sector are likely to create lucrative growth opportunities for Mexico's oil and gas downstream market in the forecast period.
