Latest News on Tax Rates for Aluminum Foil laminate Woven Fabric

• The global market size of aluminum foil woven fabric in 2023 is approximately 1.6 billion yuan (RMB), and it is expected to reach 2.4 billion yuan by 2030, with a compound annual growth rate (CAGR) of 5.7% from 2024 to 2030. In the coming years, the important market position of the Asia Pacific region will become more prominent, with Japan, South Korea, India, and Southeast Asia playing important roles in addition to China. In addition, in the next six years, it is expected that Germany will continue to maintain its leading position in Europe, and the market prospects of this industry are highly uncertain The export situation of this product is also influenced by national policies. 

• Latest News Chinese Ministry of Finance, State Administration of Taxation: the export tax rebate for specific products, including aluminium, copper and related items will be canceled from December.1st 2024.This change will have a direct impact on pricing.These products are essential materials for applications such as laminated composites, thermal insulation materials, packaging materials, etc.To maintain competitiveness in the market, Manufacturers should actively take various response measures.

#building #construction #Technology #energy-saving #emission reduction #insulation materials #heatinsulation #thermalinsulation #packagematerials #radiantbarrier