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.
Mexico Oil and Gas Downstream Industry Segmentation
The downstream market refers to the activities undertaken post-production of crude oil and natural gas. It is the last step in the entire value chain of the oil and gas sector, which includes refining crude oil into consumable products and its marketing and distribution for end-users. The Mexico oil and gas downstream market is segmented by Type. By type, the market is segmented into Refineries and Petrochemicals Plants. The report also covers the market size and forecasts for the region. For each segment, the market sizing and forecasts have been done based on refining capacity (million barrels per day).
Mexico Oil and Gas Downstream Market Size Summary
The Mexican oil and gas downstream market is poised for growth, driven by increasing demand for natural gas and significant investments in refineries and LNG terminals. Despite the challenges posed by the COVID-19 pandemic, the market has rebounded to pre-pandemic levels. However, the decline in domestic oil and gas production presents a challenge to sustained growth. Nonetheless, favorable investment policies for private players in the downstream sector are expected to create promising opportunities. The construction of new refineries, such as the Olmeca refinery by Pemex, and the modernization of existing facilities are set to enhance Mexico's refining capacity, contributing to market expansion.
The market landscape is characterized by a consolidated structure, with key players including Petróleos Mexicanos, Samsung Engineering Co. Ltd, and Fluor Corporation. The ongoing projects and investments, such as the Ecopetrol Group's focus on energy transition and the development of new refineries, are expected to bolster the market's growth trajectory. While the maturity of oil and gas fields has led to reduced production, the increasing consumption of natural gas and oil indicates a shift towards greater reliance on these resources. This dynamic is likely to support the market's development over the forecast period, despite the challenges of infrastructure and price fluctuations.
Mexico Oil and Gas Downstream Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Refining Capacity Installed and Forecast, in thousand barrels per day, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraint
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION - BY TYPE
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2.1 Refineries
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2.2 Petrochemicals Plants
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Mexico Oil and Gas Downstream Market Size FAQs
What is the current Mexico Oil and Gas Downstream Market size?
The Mexico Oil and Gas Downstream Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in Mexico Oil and Gas Downstream Market?
Petróleos Mexicanos, Samsung Engineering Co., Ltd., Fluor Corporation, Braskem SA and Grupo Idesa, S.A. de C.V. are the major companies operating in the Mexico Oil and Gas Downstream Market.
