Brazil Oil and Gas Downstream Market Size (2024 - 2029)

The Brazil oil and gas downstream market is anticipated to experience growth driven by increasing demand for natural gas and refined petroleum products. Despite the negative impact of COVID-19, the market has rebounded to pre-pandemic levels. The introduction of new high-capacity projects is expected to enhance market demand, although low investment levels have tempered growth optimism. These new projects present opportunities for expansion within the market during the forecast period.

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Market Size of Brazil Oil and Gas Downstream Industry

Brazil Oil and Gas Downstream Market Summary
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

Brazil Oil and Gas Downstream Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

Brazil Oil & Gas Downstream Industry Segmentation

The processes of refining, marketing, and eventually selling petroleum products are referred to as downstream. In the downstream business, a corporation refines crude oil and natural gas and markets and sells petroleum products to wholesale and retail customers. Processed natural gas is often sold directly to electric and gas utilities. The market is segmented by Refineries and Petrochemical Plants. The report offers the market size and forecasts in revenue (USD Billion) for all the above segments.

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Brazil Oil and Gas Downstream Market Size Summary

The Brazil oil and gas downstream market is poised for growth, driven by increasing demand for natural gas and refined petroleum products. The sector has rebounded to pre-pandemic levels after the negative impact of COVID-19. The market is expected to benefit from the addition of high-capacity projects, which will enhance demand. However, low investment levels have tempered growth prospects. The country's oil reserves, predominantly offshore, are concentrated near Rio de Janeiro and Espirito Santo, with ongoing exploration of pre-salt deposits anticipated to boost production. This increase in production is expected to drive demand in the refining segment, supported by Petrobras' significant investment in refinery maintenance and expansion projects.

The market landscape is characterized by consolidation, with major players such as Petroleo Brasileiro SA, Repsol SA, and Chevron Corporation. The privatization of refineries and rising demand for refined products are expected to contribute to market growth. Natural gas consumption has seen a substantial increase, driven by industrial demand, which is expected to propel the gas downstream market. Investments in new projects and the expansion of existing facilities are anticipated to further stimulate market growth in the coming years. The strategic sale of non-core assets by Petrobras and investments by companies like Acelen highlight the ongoing efforts to enhance capacity and efficiency in the sector.

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Brazil Oil and Gas Downstream Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Refining Capacity and Forecast, in million barrels per day, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE ANALYSIS

  2. 2. MARKET SEGMENTATION

    1. 2.1 Refineries

    2. 2.2 Petrochemical Plants

Brazil Oil and Gas Downstream Market Size FAQs

The Brazil Oil and Gas Downstream Market is projected to register a CAGR of greater than 5.13% during the forecast period (2024-2029)

Petroleo Brasileiro SA, Repsol SA, Refinery de Petróleo Riograndense SA, Royal Dutch Shell Plc and Chevron Corporation are the major companies operating in the Brazil Oil and Gas Downstream Market.

Brazil Oil and Gas Downstream Report Snapshots

Brazil Oil and Gas Downstream Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)