Coil Coatings Global Market Report 2023

The global coil coatings market grew from $5.22 billion in 2022 to $5.73 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The coil coatings market is expected to grow to $7.79 billion in 2027 at a CAGR of 8.0%.