Nail Polish Remover Market Report, Key Players, DROT, Analysis & Forecast year 2020-2027
Market Overview
For the period 2020-2027, the nail polish remover market is predicted to reach US$ 1576.4 million, with a CAGR of 3.3 percent.
Nail polish removers weaken the polish and make it easier to remove. One of the most frequent elements in nail polish removers is acetone. Acetone would be a flammable liquid solvent with such a high boiling point that is transparent and colorless. It's very concentrated and can be damaging to the skin and nails. N nail polish removers that are non-acetone-based, on the other hand, are available and are friendlier on the nails. Nail polish removers come in a variety of formats, including pads, liquids, and wipes. Wipes and pads are well known amongst women all around the world since they are practical and easy to use.
Nail polish remover is a solution that removes nail polish by combining chemicals, alcohol, oils, and coloring. Cotton pads drenched in solvent as well as liquid removers which require an extra cotton pad are two types of nail polish remover market. Moreover, as fashion trends change, consumers prefer a different look and style whenever it comes to decorating their nails. This method includes a range of nail arts that include glitter, shimmer, vibrant nail paints, as well as other materials like stick-on tattoos. The business for nail polish removers is expected to grow as this consumer trend persists.
Market segmentation
By product type
Acetate, acrylic, ethyl, acetone, and other products fall into this category. The growing nail polish market research has expanded its market share.
By category
The nail polish remover market is separated into two categories: natural and synthetic.
By form
It is classified as liquid, cotton pads, and a variety of other forms; in 2018, the liquid form dominated the market, but pads are predicted to increase fast in 2019.
By distribution channel
It has been divided into two sections: one for stores and the other for non-stores. Supermarkets, hypermarkets, and specialty retailers make up the storage base once more. However, non-store-based is predicted to develop at a faster rate during the forecast period.
Regional Analysis
The market has mostly been researched in four regions: Europe, North America, Asia Pacific, and the rest of the globe. North America has been separated into three parts: the United States, Mexico, and Canada. Germany, France, Spain, Italy, the United Kingdom, and other areas of Europe; Asia Pacific is separated into India, New Zealand, Japan, Australia, China, and the rest of Asia Pacific. Africa, the Middle East, and South America have all tapped into the global market. In several parts of the world, the development of the nail polish remover market report has slowed recently.
Competitive Dashboard
The global key nail polish remover market players are Elif Cosmetics Ltd (Turkey), Industrie Pagoda SRL (Italy), Lakmé (Unilever PLC) (India), Maybelline LLC (L'Oréal S.A.) (US), Colorbar Cosmetics Pvt. Ltd (India), Kara (Future Consumer Limited) (India), Innisfree Corporation (South Korea), Faces Cosmetics Inc (Canada), Komal Manufacturing Chemists Pvt. Ltd. (India), Orly International, Inc (US), Kiko Cosmetics Retail Private Limited (Italy), Karma Organic Spa (US), Kure Bazaar SAS (France), Miss Claire Cosmetics (Poland), O·P·I (Coty, Inc) (US), and others.
Industry news
Different market brands are concentrating their R&D efforts to create new and unique products that are simple to use. As a consequence of their convenience, more consumers would be enticed to invest in such devices. Altering Trends in the burgeoning beauty industry are also driving up demand for unique items. The nail polish remover market is predicted to grow at a faster rate due to these reasons all through the forecast period.
Increased concerns about the adverse effects of just using acetone-based nail polish removers, on the other hand, are projected to impede the market growth.
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