PPG Industries (NYSE: PPG) announced it has begun implementing price increases of up to 20% across its global paints, coatings and specialty products portfolio. The Pittsburgh-based company stated the adjustments are being applied on a customer-by-customer basis or as existing contracts allow.

The company cited significant volatility and supply constraints in global petrochemical, energy and transportation markets as drivers of higher costs for raw materials, energy, logistics and packaging. PPG indicated that certain product categories, technologies and regions may require higher price adjustments, with additional increases possible as market conditions evolve.

"This pricing action allows us to ensure availability of supply as we navigate unexpected and increased cost pressures," said Tim Knavish, PPG chairman and chief executive officer.

PPG reported net sales of $15.9 billion in 2025 and operates in more than 50 countries. The company serves construction, consumer products, industrial and transportation markets through its diversified production footprint and supplier network.

The company's forward-looking statements acknowledged that actual events may differ from current expectations due to various risks including future geopolitical events, raw material and energy prices, and transportation constraints.