PPG INDUSTRIES INC (PPG)

PPG Industries, Inc. manufactures and distributes a broad range of paints, coatings and specialty products. Incorporated in Pennsylvania in 1883, the company markets and sells in more than 50 countries. Its stated vision is to be the first-choice partner for customers' needs for innovative paints, coatings and surface solutions that protect and beautify the world.

PPG reports three segments. Global Architectural Coatings supplies paints, wood stains, adhesives, sealants and sundries under brands such as COMEX, PPG, GLIDDEN, SIGMA, JOHNSTONE'S and TIKKURILA, through units covering Latin America and Asia Pacific and Europe, Middle East and Africa. Performance Coatings includes aerospace coatings, sealants and transparencies; automotive refinish coatings; protective and marine coatings; and traffic solutions such as pavement marking products under the Ennis-Flint brand. Industrial Coatings includes automotive OEM coatings, industrial coatings, packaging coatings, and specialty products such as TESLIN substrate, OLED materials, optical lens materials and photochromic dyes. Research and development spending was $446 million in 2025, or 2.8% of net sales.

Customers include painting and maintenance contractors and consumers who decorate and maintain residential and commercial buildings. Others are commercial, military and general aviation aircraft makers, automotive repair and refurbishing businesses, metal fabricators, heavy-duty maintenance contractors, shipbuilders, government and infrastructure customers, automotive original equipment manufacturers and their suppliers, and makers of appliances, agricultural and construction equipment, electronics, building products and metal packaging. Products reach customers through company-owned stores, home centers and retail outlets, paint dealers, independent distributors, concessionaires, government agencies, and direct sales to manufacturers and applicators. PPG has alliances with Asian Paints in India for certain automotive refinish, automotive OEM and industrial customers, and with Kansai Paints to serve Japanese-based automotive OEM customers in North America and Europe.

PPG manufactures and distributes from facilities across North America, Europe, Latin America and Asia Pacific, and operates laboratories close to customers. Its most significant raw materials are resins, solvents, reactants, titanium dioxide, additives, epoxy and pigments, which are its largest production cost. Most are bought from outside sources under contracts with multiple suppliers. The industry is highly competitive, with several large global firms and many regional ones. Named competitors include Akzo Nobel, Axalta, BASF, Hempel, Jotun, Kansai Paints, Nippon Paint, RPM International, The Sherwin-Williams Company and 3M. Competition turns on product performance, technology, quality, service, price, customer productivity, distribution and brand recognition.