How is Akzo Nobel offsetting the high-teen percentage increase in raw material costs caused by Middle East conflict disruptions?

Akzo Nobel is offsetting the high-teen percentage increase in raw material costs—driven by disruptions such as the potential closing of the Strait of Hormuz and elevated sulfur prices affecting titanium oxide—through mid-single digit to low-teens percentage price increases for its products, which the company confirmed will compensate for expected inflation and maintain profitability improvement this year.

What impact has the Middle East conflict had on Akzo Nobel’s demand and raw material availability, according to CEO Grégoire Poux-Guillaume?

According to CEO Grégoire Poux-Guillaume, the war has not impacted demand in a major way or raw-material availability, as the company has multiple procurement sources globally; however, there is slightly slower activity from marine customers, partly due to vessels stuck in the Middle East—illustrated by his remark that 'if you have a thousand ships waiting to cross the Strait of Hormuz, they’re not dry docking to get repainted.'

Akzo Nobel Sees Price Hikes Offsetting Middle East Raw Material Costs

Apr 22, 2026

Akzo Nobel confirmed annual guidance, stating price hikes will offset rising raw material costs linked to Middle East conflicts. The company also reported progress on its proposed $25 billion merger with Axalta.

bloomberg

2026-04-22

Akzo Nobel Sees Price Hikes Offsetting Middle East Raw Material Costs

Akzo Nobel Sees Price Hikes Offsetting Middle East Raw Material Costs

FAQ