What dominates the section
- Raw-material costs and availability, especially petroleum-derived inputs and titanium dioxide, are central to production economics.
- Environmental, legal, regulatory and geopolitical exposure spans PPG’s global operations and historical liabilities.
- Company-specific execution risks include acquisitions, innovation, cybersecurity, workforce retention and aerospace supply commitments.
- Automotive OEM coatings demand could weaken if ridesharing or other travel models reduce new vehicle production.
The risks most specific to PPG Industries
Increases in prices and declines in the availability of raw materials could negatively impact our financial results
Higher prices or shortages of petroleum-derived materials and titanium dioxide could raise PPG’s largest production cost component and reduce financial results.
- Legal, Regulatory, and Tax Risks
We are subject to existing and evolving standards relating to the protection of the environment
Environmental rules governing emissions, waste, hazardous substances, and contaminated soil or groundwater could increase compliance and remediation costs.
- Legal, Regulatory, and Tax Risks
We are involved in a number of lawsuits and claims, and we may be involved in future lawsuits and claims, in which substantial monetary damages are sought
Contract, patent, environmental, product liability, asbestos, antitrust, employment and other claims could seek substantial damages from PPG.
- Operational and Strategic Risks
Business disruptions could have a negative impact on our results of operations and financial condition
Supply interruptions, plant or power outages, labor stoppages, disasters, cyber incidents, ERP changes, fires, war or terrorism could disrupt operations.
- Operational and Strategic Risks
The security of our information technology systems could be compromised which could adversely affect our operations or reputation
Compromise of PPG’s global information technology systems, including third-party systems, could disrupt operations or damage its reputation.
- Operational and Strategic Risks
We may not effectively integrate acquired businesses into our existing operations
PPG’s acquisition strategy, including more than 50 acquisitions over the last decade, creates risks integrating businesses and joint ventures.
- Operational and Strategic Risks
Our ability to understand our customers’ specific preferences and requirements, and to innovate, develop, produce and market products that meet customer demand is critical to our business results
Failure to develop products meeting customers’ quality, performance, price and sustainability expectations could weaken demand for PPG’s brands and products.
- Operational and Strategic Risks
business models or new methods of travel, such as ridesharing, the number of automotive OEM new-builds may decline, potentially reducing demand for our automotive OEM coatings and related automotive parts
Ridesharing and other new travel models could reduce automotive OEM new-builds and demand for PPG automotive coatings and related parts.
- Operational and Strategic Risks
PPG’s aerospace coatings business depends, in part, on our ability to successfully meet customer demand, production targets and commitments
Aerospace coatings depends on meeting aircraft manufacturers’ demand, production targets and commitments while PPG addresses current backlogs and product shortages.
All 18 risk factors
Headings as the filing states them, in filing order.
Other
- 01Increases in prices and declines in the availability of raw materials could negatively impact our financial results
- 02The pace of economic growth and level of economic and geopolitical uncertainty could have a negative impact on our results of operations and cash flows
- 032024 PPG ANNUAL REPORT AND FORM 10-K 10
- 04Fluctuations in foreign currency exchange rates could affect our financial results
- 05The industries in which we operate are highly competitive
- 06Public health crises, including pandemics and the measures taken by public health and government authorities to address them, have adversely impacted our financial condition and results of operations in the past, and could adversely impact us in the future
Legal, Regulatory, and Tax Risks
- 07We are subject to existing and evolving standards relating to the protection of the environment
- 08We are involved in a number of lawsuits and claims, and we may be involved in future lawsuits and claims, in which substantial monetary damages are sought
- 09We are subject to a variety of laws and regulations, which could increase our compliance costs and could adversely affect our results of operations
- 10Changes in the tax regimes and related government policies and regulations in the countries in which we operate could adversely affect our results and our effective tax rate
Operational and Strategic Risks
- 11Our international operations expose us to additional risks and uncertainties that could affect our financial results
- 12Business disruptions could have a negative impact on our results of operations and financial condition
- 13The security of our information technology systems could be compromised which could adversely affect our operations or reputation
- 14We may not effectively integrate acquired businesses into our existing operations
- 15Our ability to understand our customers’ specific preferences and requirements, and to innovate, develop, produce and market products that meet customer demand is critical to our business results
- 16business models or new methods of travel, such as ridesharing, the number of automotive OEM new-builds may decline, potentially reducing demand for our automotive OEM coatings and related automotive parts
- 17Our business success depends on attracting, developing and retaining a qualified workforce
- 18PPG’s aerospace coatings business depends, in part, on our ability to successfully meet customer demand, production targets and commitments
Other PPG Industries 10-Ks
- 2026 10-K risk factors
20 risks. Raw-material costs and availability are central because organic inputs and titanium dioxide are PPG’s largest production cost component.
Filed Feb 19, 2026
About this page
Item 1A of the 10-K on EDGAR was split into its risk factors and, where the company's previous 10-K is on file, each heading was matched to last year's and the text compared word for word. The headings are the filing's own. The one-line readings and the overview were written by a language model from the text of the new, dropped, and rewritten risks; they refer to risks by position and cannot misquote a heading.