{"slug":"ppg-industries","name":"PPG 인더스트리스","name_en":"PPG Industries","ticker":"PPG","updated_at":"2026-09-24T11:09:25.326382+00:00","canonical":"https://valuechain.wiki/ppg-industries","citable":"밸류체인 그래프 기준 PPG 인더스트리스의 직접 연결 기업은 3곳(관계 기준 공급 1·매출 2)이고, 사슬을 2차까지 넓히면 8곳에 닿는다. 링크의 근거 출처는 7건이며 그중 1차공시가 2건이다 (valuechain.wiki, 2026-09-24 기준).","citable_en":"Per the valuechain.wiki graph, PPG Industries is directly linked to 3 companies (1 supply, 2 revenue relationships) and reaches 8 companies within two hops; the links are backed by 7 dated sources, 2 of them primary filings (as of 2026-09-24).","kicker":"글로벌 특수코팅 기업","kicker_en":"Global specialty coatings maker","lead":"PPG 인더스트리스는 항공기, 자동차, 산업재와 건축물에 쓰이는 도료와 코팅, 실란트, 특수소재를 판매한다. 제조에는 수지, 용제, 이산화티타늄, 첨가제와 안료가 필요하며, 자동차·항공기 제조사와 보수 시장의 생산량이 수요를 좌우한다.","lead_en":"PPG Industries sells paints, coatings, sealants and specialty materials used on aircraft, automobiles, industrial goods and buildings. Its manufacturing depends on resins, solvents, titanium dioxide, additives and pigments, while demand follows production and aftermarket activity in automotive and aerospace markets.","categories":[{"key":"general-chemicals","ko":"종합·특수화학","en":"Diversified & Specialty Chemicals","theme":"materials-chemicals","theme_ko":"산업 소재·화학","theme_en":"Industrial Materials & Chemicals","theme_kind":"sector","primary":true}],"segments":{"parts":[{"name":"글로벌 건축용 코팅","note":"FY2025 외부고객 순매출 38억3,800만달러"},{"name":"퍼포먼스 코팅","note":"FY2025 외부고객 순매출 55억1,300만달러"},{"name":"산업용 코팅","note":"FY2025 외부고객 순매출 65억2,400만달러"}],"total":"FY2025 순매출 158억7,500만달러","track":"C"},"segments_en":{"parts":[{"name":"Global Architectural Coatings","note":"FY2025 net sales to external customers of US$3.838 billion"},{"name":"Performance Coatings","note":"FY2025 net sales to external customers of US$5.513 billion"},{"name":"Industrial Coatings","note":"FY2025 net sales to external customers of US$6.524 billion"}],"total":"FY2025 net sales of US$15.875 billion"},"returns_yearly":{"2021":21.3,"2022":-25.7,"2023":21.2,"2024":-18.5,"2025":-12,"2026":3.4},"return_asof":"2026-10-09","value_chain":{"leading":[{"slug":"w-w-grainger","name":"W. W. 그레인저","name_en":"W. W. Grainger","tier":3,"returns_yearly":{"2021":28.8,"2022":8.7,"2023":50.5,"2024":28.2,"2025":-3.4,"2026":32}},{"slug":"williams-sonoma","name":"윌리엄스 소노마","name_en":"Williams-Sonoma, Inc.","tier":3,"returns_yearly":{"2021":68.6,"2022":-30.5,"2023":80.2,"2024":86.6,"2025":-2.1,"2026":28.7}},{"slug":"delta-air-lines","name":"델타항공","name_en":"Delta Air Lines","tier":3,"returns_yearly":{"2021":-2.8,"2022":-15.9,"2023":23,"2024":52,"2025":16.1,"2026":19.3}},{"slug":"jpmorgan-chase","name":"JPMorgan Chase","name_en":"JPMorgan Chase","tier":3,"returns_yearly":{"2021":27.7,"2022":-12.6,"2023":30.6,"2024":44.3,"2025":37.3,"2026":12.9}},{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":3,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":12}},{"slug":"autozone","name":"오토존","name_en":"AutoZone","tier":3,"returns_yearly":{"2021":76.8,"2022":17.6,"2023":4.8,"2024":23.8,"2025":5.9,"2026":-12}},{"slug":"viasat","name":"바이어샛","name_en":"Viasat","tier":2,"returns_yearly":{"2021":36.4,"2022":-28.9,"2023":-11.7,"2024":-69.6,"2025":304.9,"2026":109}},{"slug":"fedex","name":"페덱스","name_en":"FedEx","tier":2,"returns_yearly":{"2021":0.7,"2022":-31.6,"2023":49.1,"2024":13.5,"2025":5.1,"2026":39.6}},{"slug":"united-parcel-service","name":"유나이티드 파셀 서비스","name_en":"United Parcel Service, Inc.","tier":2,"returns_yearly":{"2021":30,"2022":-16.2,"2023":-6,"2024":-15.9,"2025":-15.9,"2026":8}},{"slug":"united-airlines-holdings","name":"유나이티드항공","name_en":"United Airlines Holdings, Inc.","tier":2,"returns_yearly":{"2021":1.2,"2022":-13.9,"2023":9.4,"2024":135.3,"2025":15.2,"2026":-3.9}},{"slug":"ses","name":"SES","name_en":"SES S.A.","tier":2,"returns_yearly":{"2021":2.8,"2022":10.6,"2023":-13,"2024":-36,"2025":141.5,"2026":-43.7}},{"slug":"boeing","name":"보잉","name_en":"Boeing","tier":1,"returns_yearly":{"2021":-6,"2022":-5.4,"2023":36.8,"2024":-32.1,"2025":22.7,"2026":-2.2}},{"slug":"hyundai-motor-company","name":"현대차","name_en":"Hyundai Motor Company","tier":1,"returns_yearly":{"2021":-16.7,"2022":-4.7,"2023":16.2,"2024":12.3,"2025":158.8,"2026":-34.2}}],"benefiting":[{"slug":"mitsubishi-chemical-holdings","name":"미쓰비시케미컬그룹","name_en":"Mitsubishi Chemical Holdings","tier":1,"returns_yearly":{"2021":29,"2022":-15.5,"2023":27.7,"2024":-8.1,"2025":33.5,"2026":23.4}}],"analysis":"글로벌 특수코팅 기업. 2026년 +11.9%다. 수요단(평균 -12.2%)·본주(+11.9%)·공급단(평균 +23.4%)이 비슷한 보폭이다. 전파가 한 바퀴 돈 동조 국면이라, 다음 구간은 사슬 방향보다 개별 실적이 가른다. 연결 노드 중 가장 앞선 곳은 미쓰비시케미컬그룹(+23.4%), 가장 처진 곳은 현대차(-22.2%)다. 격차가 사슬 논리로 설명되면 후자가 다음 전파 후보이고, 설명되지 않으면 그 연결 자체를 다시 봐야 한다.","analysis_en":"PPG Industries operates across Global specialty coatings maker. It is +11.9% in 2026. Demand side (avg -12.2%), the stock (+11.9%) and supply side (avg +23.4%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is Mitsubishi Chemical Holdings (+23.4%) and the furthest behind is Hyundai Motor Company (-22.2%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Its manufacturing depends on resins, solvents, titanium dioxide, additives and pigments, while demand follows production and aftermarket activity in automotive and aerospace markets.","analysis_asof":"2026-09-04"},"edges":[{"direction":"investment","counterparty":"PPG 아시안 페인츠 프라이빗","counterparty_slug":null,"confidence":"high","metric":{"type":"share","unit":"percent","as_of":"2025-08-04","basis":"PPG Asian Paints Private Ltd.에 대한 PPG 지분","value":50,"period":"2025 합작계약 갱신","basis_en":"PPG ownership interest in PPG Asian Paints Private Ltd.","qualifier":null},"note":"PPG는 인도에서 아시안 페인츠와 PPG Asian Paints Private Ltd.를 50대50 합작으로 운영하며 경영권을 보유한다. 2025년 양사는 합작계약을 2041년까지 연장했다.","note_en":"PPG operates PPG Asian Paints Private Ltd. in India as a 50-50 joint venture with Asian Paints and retains management control. The partners extended the venture through 2041 in 2025.","sources":[{"stance":"confirms","publisher":"PPG 인베스터 릴레이션스","publisher_en":"PPG Investor Relations","kind":"ir","lang":"en","published_at":"2025-08-04","url":"https://investor.ppg.com/news/news-details/2025/PPG-Asian-Paints-renew-India-joint-venture-in-15-year-agreement/default.aspx","title":"PPG와 아시안 페인츠, 인도 합작계약 15년 갱신","title_en":"PPG, Asian Paints renew India joint venture in 15-year agreement","excerpt":"1997년 설립된 PPG Asian Paints Private Ltd.는 양사의 50대50 합작법인이다.","excerpt_en":"The partnership was established in 1997 with the formation of a 50-50 joint venture."}]},{"direction":"revenue","counterparty":"보잉","counterparty_slug":"boeing","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-09-07","basis":"보잉 대상 항공우주 코팅·투명재 매출","value":null,"period":"공급 관계 확인","basis_en":"Revenue from aerospace coatings and transparencies supplied to Boeing","qualifier":"confirmed_no_disclosed_value"},"note":"PPG는 보잉에 항공우주용 코팅과 투명재를 공급해 왔다. 계약별 매출액이나 PPG 전체 매출에서 차지하는 비중은 공개되지 않았다.","note_en":"PPG has supplied Boeing with aerospace coatings and transparencies. Neither contract revenue nor Boeing's share of PPG sales is disclosed.","sources":[{"stance":"confirms","publisher":"포춘 비즈니스 인사이트","publisher_en":"Fortune Business Insights","kind":"research","lang":"en","published_at":"2026-09-07","url":"https://www.fortunebusinessinsights.com/aircraft-paint-market-114276","title":"항공기 도료 시장 규모, 점유율 및 산업 분석, 2026-2034","title_en":"Aircraft Paint Market Size, Share & Industry Analysis, 2026-2034","excerpt":"보고서는 PPG와 보잉의 지속가능 항공우주 코팅 개발 협력을 2025년 주요 시장 동향으로 기록했다.","excerpt_en":"PPG Industries partnered with Boeing to develop advanced sustainable aerospace coatings under its Desothane line."},{"stance":"mentions","publisher":"미국 증권거래위원회 EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-19","url":"https://www.sec.gov/Archives/edgar/data/79879/000007987926000046/ppg-20251231.htm","title":"PPG 인더스트리스 2025년 연차보고서 및 Form 10-K","title_en":"PPG Industries 2025 Annual Report and Form 10-K","excerpt":"PPG는 세계 대형 항공기 제조사의 항공기에 투명재, 코팅과 실란트를 공급하는 계약을 보유한다.","excerpt_en":"PPG is currently under contract to supply transparencies, coatings and sealants for use on existing and new commercial aircraft."},{"stance":"confirms","publisher":"미국 증권거래위원회 EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2008-09-24","url":"https://www.sec.gov/Archives/edgar/data/79879/000095015208007395/l33287aexv99w2.htm","title":"PPG, 2008년 3분기 재무실적 관련 정보 제공","title_en":"PPG provides information on third quarter 2008 financial results","excerpt":"보잉은 PPG 항공우주 제품의 고객이며, 파업으로 코팅과 투명재 주문이 지연됐다.","excerpt_en":"The Boeing Company, a PPG aerospace products customer, is currently experiencing an employee work stoppage."}]},{"direction":"cost","counterparty":"바스프","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-03-27","basis":"BASF에서 조달한 제품의 구매액","value":null,"period":"2024 공급사 평가","basis_en":"Purchases of products supplied by BASF","qualifier":"confirmed_no_disclosed_value"},"note":"BASF는 PPG의 공급사로서 재료와 에너지 사용을 줄이는 제품 개발을 지원한다. 개별 구매액은 공개되지 않았다.","note_en":"BASF supplies PPG and supports product development that reduces material and energy use. PPG does not disclose its purchases from BASF.","sources":[{"stance":"confirms","publisher":"PPG 인베스터 릴레이션스","publisher_en":"PPG Investor Relations","kind":"ir","lang":"en","published_at":"2025-03-27","url":"https://investor.ppg.com/news/news-details/2025/PPG-names-recipients-of-2024-Excellent-Supplier-Award/default.aspx","title":"PPG, 2024 우수 공급사 수상자 발표","title_en":"PPG names recipients of 2024 Excellent Supplier Award","excerpt":"PPG는 BASF를 지속가능성 부문 글로벌 우수 공급사로 선정했다.","excerpt_en":"BASF was the global winner in the sustainability category."}]},{"direction":"cost","counterparty":"미쓰비시케미컬그룹","counterparty_slug":"mitsubishi-chemical-holdings","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-06-26","basis":"선박 방오 코팅용 혁신 소재 구매액","value":null,"period":"2025 공급사 평가","basis_en":"Purchases of innovative materials for marine antifouling coatings","qualifier":"confirmed_no_disclosed_value"},"note":"미쓰비시케미컬그룹은 PPG의 차세대 선박 방오 코팅에 쓰이는 혁신 소재를 공동 개발하는 공급 파트너다. 상대별 구매액은 공개되지 않았다.","note_en":"Mitsubishi Chemical Group is a supply partner developing innovative materials for PPG's next-generation marine antifouling coatings. Supplier-specific spend is not disclosed.","sources":[{"stance":"confirms","publisher":"PPG 인베스터 릴레이션스","publisher_en":"PPG Investor Relations","kind":"ir","lang":"en","published_at":"2026-06-26","url":"https://investor.ppg.com/news/news-details/2026/PPG-names-recipients-of-2025-Excellent-Supplier-Awards/default.aspx","title":"PPG, 2025 우수 공급사 수상자 발표","title_en":"PPG names recipients of 2025 Excellent Supplier Awards","excerpt":"미쓰비시케미컬그룹은 PPG와 차세대 선박 방오 코팅용 혁신 소재를 공동 개발했다.","excerpt_en":"MCC was recognized after partnering with PPG to develop innovative materials for next-generation marine antifouling coatings."}]},{"direction":"revenue","counterparty":"현대차","counterparty_slug":"hyundai-motor-company","confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2009-10-06","basis":"현대차용 자동차 도료 매출","value":null,"period":"2009년 공급 관계 확인","basis_en":"Revenue from automotive coatings supplied for Hyundai vehicles","qualifier":"confirmed_no_disclosed_value"},"note":"PPG코리아는 현대차와 기아의 해외 공장에 자동차용 페인트를 납품했다. 이 관계의 현재 계약 규모와 매출 비중은 공개되지 않았다.","note_en":"PPG Korea supplied automotive paint to Hyundai and Kia plants outside South Korea. The current contract value and revenue share are not disclosed.","sources":[{"stance":"mentions","publisher":"미국 증권거래위원회 EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-19","url":"https://www.sec.gov/Archives/edgar/data/79879/000007987926000046/ppg-20251231.htm","title":"PPG 인더스트리스 2025년 연차보고서 및 Form 10-K","title_en":"PPG Industries 2025 Annual Report and Form 10-K","excerpt":"자동차 OEM 코팅은 자동차 제조사와 부품 협력망에 직접 판매된다.","excerpt_en":"Automotive OEM coatings are sold direct to manufacturing companies and various coatings applicators."},{"stance":"confirms","publisher":"매일경제","publisher_en":"Maeil Business Newspaper","kind":"news","lang":"ko","published_at":"2009-10-06","url":"https://www.mk.co.kr/news/business/4636875","title":"PPG코리아, 난연도료로 세계 최고등급 획득","title_en":"PPG Korea earns the world's highest rating for flame-retardant coatings","excerpt":"대표적인 PPG코리아 제품인 자동차용 페인트는 GM대우와 쌍용자동차 국내 공장과 현대ㆍ기아자동차 해외 공장에 납품하고 있다.","excerpt_en":"PPG Korea supplies its automotive paint to Hyundai and Kia plants outside South Korea, as well as to GM Daewoo and SsangYong plants in South Korea."}]}]}