Nail Polish Remover Market research : Industry Trends, Analysis, Types, Growth, Opportunity and Forecast 2019-2027
The global nail polish remover market is
showing significant promise for growth and it can achieve a hike by 3.25% CAGR
between 2019 and 2027, which can be considered as the forecast period. Market
Research Future’s (MRFR’s) is making significant claims in the report they have
published recently on the nail polish remover market. The market valuation, as
per the report, can touch a valuation of USD 1575.3 million by 2027.
The product nail
polish remover market research can
be described as a solvent that comprises oils, alcohol, chemicals, and
coloring. It is available in several forms like pads soaked in the solvent or
liquid remover that needs proper applying of the remover with a pad.
The market for nail polish remover finds
significant growth due to the growing inclusion fashion in the daily lives.
This is inspiring various consumers in trying different colors on their nails,
for instance, the idea of nail art with glitters and colors, tattoos, and
others. The market is witnessing a strong intake of these products and the
investment in the research and development sector is expected to make a
significant scope for the market to gain an advantage. The hike in the beauty
industry, in terms of store counts, is also expected to make sure that the
market for nail polish remover gets significant traction.
Segmentation:
The global market for nail polish remover can be
analyzed in a better way by getting the focus on its segments that include
form, category, product type, and distribution channel. The understanding of
the market can inspire better strategy-making moves.
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By product type, the market report on the nail
polish remover contains ethyl acetate, acrylic, acetone, and others. The
acetone segment has better market coverage and can grow with the highest CAGR in
the coming years.
By category, the global market report on the nail
polish remover can be segmented into natural and synthetic. The synthetic
segment has the maximum market share and the natural segment can find growth
with the highest CAGR during the forecast period.
By form, the market report on nail polish remover
includes cotton pads, liquid, and others. The liquid segment is in a dominant
position as per the record of 2018. The pads segment can emerge as the fastest
growing one in the coming years.
By distribution channel, the market report on
the nail polish remover comprises store-based and non-store-based. The
store-based segment includes specialty stores, supermarkets & hypermarkets,
and others. The store-based segment can register a better growth rate but the non-store-based
segment is set to proceed with the highest growth rate over the forecast period.
Regional Analysis:
The North American market is showing significant market growth
possibilities as people in the region are well-versed with the latest trends
that can be utilized to gain better market percolation. The market in the Asia
Pacific region is set to be the fastest-growing due to significant changes
taking place in South Korea, China, Thailand, and others. In Europe, the
remover market is expanding with growing participation young adults in various
nail arts that are significantly driving the market. The same is relevant to
North America as well.
Competitive Landscape:
There are several companies in the market for nail
polish remover market overview that
are launching strategies to gain the most for the market. These companies are Elif
Cosmetics Ltd (Turkey), Industrie Pagoda SRL (Italy), Colorbar Cosmetics Pvt. Ltd (India),
Lakmé (Unilever PLC) (India), Kara (Future Consumer Limited)
(India), Maybelline
LLC (L'Oréal S.A.) (US), Innisfree Corporation (South Korea),
Faces Cosmetics Inc (Canada), Komal Manufacturing Chemists Pvt.
Ltd. (India), Orly
International, Inc (US), Kiko Cosmetics Retail Private Limited (Italy),
Kure Bazaar SAS (France),
Miss Claire Cosmetics (Poland), Karma Organic Spa
(US), O·P·I
(Coty, Inc) (US), and others.
GHI recently launched a nail polish remover that
comes without the acetone. This means good news for nails as acetone is known
for its adverse impacts on nail. The product is also quite known for its unique
packaging technology where one only has to dip the finger in the bottle to get
the nail polish removed.
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NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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