World: A newly published report - Global Insulation Wall Panels Market Insights, Forecast 2025 to 2031 - by QY Research has highlighted the key driving factors and restraints that are impacting the growth of insulated wall panels. The report states that the global market for insulated wall panels was estimated to be worth US$5.48bn in 2024 and is forecast to a readjusted size of US$9.63bn by 2031 with a compound annual growth rate of 8.5% over the six year period.
Malaysia: PGF Capital Bhd, based in Penang, has announced plans to increase its production of glass wool insulation via a new facility in Kulim, Kedah. The facility will begin production in April 2026, tripling PGF’s current glass wool output.
The company says that it will direct much of the new capacity to meet surging demand in Oceania markets, especially Australia and New Zealand. The additional production volume will also allow the group to re-enter markets such as India, Indonesia, Vietnam and the Middle East. The group exited these markets a few years ago due to capacity constraints at its Perai plant.
While insulation requirements in these countries may not be as stringent as Australia and New Zealand, Fong says governments are progressively tightening their building codes in line with sustainability goals.
The bulk of PGF’s revenue comes from Australia and New Zealand, accounting for about 70% of the group’s sales. The remainder is derived from Malaysia and Singapore.
Austria: Mixit Dämmstoffe is reportedly seeking a buyer for its Hohenems insulation storage and distribution facility amidst ‘difficult and expensive’ market conditions. The 1000m² facility serves in the supply of Thermotec brand insulation to western Austria, southern Germany and Switzerland. Mixit Dämmstoffe has invested €2m in the site, local press has reported.
US: Knauf Insulation is upgrading its Shelbyville plant in Indiana. The upgrade consists of a new blowing wool line, expanded glass production, a new pipe production line, modernisation of an existing pipe production line. Local press has reported that the blowing wool line is scheduled for commissioning by the end of June 2026. Knauf said that the upgrade advances its aims of growing and integrating best available technologies.
Knauf Insulation said that it is on track to achieve formaldehyde-free production across North America by the end of 2025.
