Austria: The insulation association Building Envelope and Insulation Industry (GDI) has reported a 1.9Mm³ decline in annual insulation sales since 2021. The hardest-hit segment was reportedly alternative insulation, with declines in cellulose, sheep wool and hemp. The OÖ Nachrichten newspaper has reported that the association attributed the decline to an on-going ‘property sector downturn,’ with homeowners stalling their refurbishment plans. The GDI praised the recent easing of lending guidelines and renewed submissions for reserved funding under the Sanierungsbonus insulation scheme.
GDI Chair Roland Hebbel said “A rebound in the construction industry is becoming increasingly urgent.”
