Insulation industry news from Global Insulation

Spain/Portugal: Knauf Insulation Iberia met its company growth objective of 5% year-on-year growth in 2019, a year in which it supplied two major developments: the Government of Catalonia’s administrative complex and the VP Plaza Hotel in Madrid. The latter won the US Green Building Council (GBC) Leadership in Energy and Environmental Design (LEED) certificate, the first hotel to achieve this certification.

Interempresas News has reported that the focus of Knauf Insulation Iberia’s strategy in 2020 will be on maintaining its leadership in the sustainable building sector and in the search for products and solutions aimed at zero energy consumption building conversions and construction. Knauf Insulation Iberia CEO Oscar del Rio said, “Bearing in mind the economic uncertainty derived from the coronavirus crisis, our objective will be to maintain our penetration objectives.”

The company’s growth in 2018 was 10%.

US: Business Wire News has published details of a report by market research company ResearchandMarkets, which predicts market growth in the global insulation sector of 8.2% to US$8.9bn by 2024 from US$6.0bn at the start of 2020. ResearchandMarkets foresees the largest market growth in the Asia and Pacific region, where Belgium-based Etex, Austria-based RHI Magnesita and France-based Calderys are all in the process of expanding their production facilities in the region.