Israel Asphalt Additive Market Outlook (2018 to 2032)

Year Value
2018 0.03
2019 0.03
2020 0.03
2021 0.03
2022 0.03
2023 0.04
2024 0.04
2025 0.04
2026 0.04
2027 0.04
2028 0.05
2029 0.05
2030 0.05
2031 0.06
2032 0.06
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Israel Asphalt Additive Market Outlook (2018 to 2032)

Synopsis
The above chart is Israel Asphalt Additive Market Outlook (2018 to 2032)

Market Dynamics

israel holds an advantageous position with a strategic location on the junction between three continents as well as having a well-developed economy and industry. its asphalt additive market is set to experience growth over the 2018-2032 period, driven by strong government investment in transportation and sustainable development initiatives. government-led expansion of road networks within the country will remain a key driver for asphalt additive demand over the near term. in 2017, the government announced its intention to invest 27 billion shekels (around usd 7.2 billion) into infrastructure projects such as road construction. the aim is to significantly reduce commute times for the residents of israel while also contributing to the economic development of the country. asphalt additive suppliers are likely to benefit from this boost in road construction activities as the country continues to witness all-time high investments in the sector. furthermore, israel’s public transportation infrastructure is also likely to aid growth in asphalt additive demand over the forecast period. planned initiatives include the extension of railway networks and planned construction of airport and port facilities, further intensifying the outlook for asphalt additive manufacturers. the construction sector in israel is expected to witness a range of sustainable development projects that could further boost asphalt demand over the medium term. government initiatives such as budget allocations to eco-friendly housing projects and solar energy utilization projects could help to spur asphalt demand in urban areas. asphalt additive producers are expected to benefit from this increased government focus on sustainable infrastructure. in addition, israel is set to impose emissions targets and standards to reduce overall environmental impact. companies engaging in projects to promote sustainable development are set to benefit from tax cuts and subsidies due to the country's commitment to environmental protection. this could encourage firms to invest in modern asphalt products such as low-voc alternatives for road construction. asphalt additive producers are likely to see higher margins due to more stringent regulations implemented by the government. overall, the outlook for the israeli asphalt additive market looks promising over the 2018-2032 period. the combination of large infrastructure investments and encouraging environmental policies should have a positive impact on asphalt demand, providing a revenue opportunity for suppliers of asphalt additives in israel.

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