The global automotive OEM coatings market reached USD 16.12 billion in 2024, with a projected CAGR of 4.3% anticipated over the forecast period from 2025 to 2034. This growth is being driven by evolving segment dynamics across product types, end-user applications, and material compositions. Waterborne coatings remain the dominant product category, capturing the largest revenue share due to their compliance with global VOC emission standards and superior finish quality. However, increasing demand for high-solid and powder coatings—particularly in commercial vehicle and EV segments—is reshaping the competitive landscape. The
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