Why are data centers becoming a significant growth driver for PPG and Sherwin-Williams, according to their latest earnings calls?

Data centers are emerging as a significant growth driver because they generate demand across multiple specialized coating and protective applications: PPG cited 'fire protection, structural steel flooring, insulative coatings, [and] dielectric coatings,' while Sherwin-Williams linked data center growth to broader infrastructure investment trends, including semiconductor infrastructure and manufacturing on-shoring—particularly within its protective and marine business.

How did the performance coatings units of PPG and Sherwin-Williams perform in their most recent quarter, and how does that compare to recent history?

Sherwin-Williams' performance coatings unit—its second largest—reported revenue growth of over 6% for the second consecutive quarter, a streak not seen since 2022; PPG's equivalent unit achieved 7.1% growth, the highest since at least 2024—and revenue for both segments exceeded analyst expectations.

Data Centers Emerge as Growth Drivers for PPG, Sherwin-Williams

Jul 29, 2026

PPG Industries and Sherwin-Williams cited data centers as key revenue drivers during recent earnings calls, with performance coatings units posting significant growth. Both companies attributed success to pricing power and execution rather than broad macroeconomic recovery.

bloomberg

2026-07-29

Data Centers Emerge as Growth Drivers for PPG, Sherwin-Williams

Data Centers Emerge as Growth Drivers for PPG, Sherwin-Williams

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