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Nail Polish Remover Market Research Report - Global Forecast till 2024

Global Nail Polish Remover Market Research Report: Information by Product Type (Acetone, Acrylic, Ethyl Acetate and others), Category (Natural and Synthetic), Form (Liquid, Pads and others), Distribution Channel [Store-Based (Hypermarkets and Supermarkets, Specialty Stores and others) and Non-Store-Based] and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2024

ID: MRFR/CR/2545-HCR | February 2021 | Region: Global | 90 pages

Market Scenario


Nail Polish Remover Market is expected to register a growth rate of 3.4% during the forecast period. The market is expected to garner a value of approximately USD 1.2 million by the end of 2024. Nail polish remover is a solvent that includes alcohol, chemicals, oils, and coloring which are used to remove the nail polish. Nail polish removers are available in various forms including cotton pads soaked in solvent, and liquid remover which is used with a separate cotton pad. Furthermore, as the fashion trends are changing, consumers are opting for a new look and style to paint their nails. This process involves various nail arts with glitter, shimmer, colored nail polishes, and other products such as stick-on tattoos. As this trend is growing among the consumers, the demand for nail polish removers is also expected to grow.

Various brands in the market are focusing on their research and development activities to launch a new and innovative type of products, which are easy to use. Thus, attracting more consumers to invest in such products as they are convenient. Also, altering changes in growing beauty industries is leading to a rise in demand for innovative products. Thus, these factors are expected to boost the nail polish remover market growth during the forecast period.

Segmentation


The global nail polish remover market segmentation has been classified as product type, category, form, distribution channel, and region.


By product type, the global market has been categorized as acetone, acrylic, ethyl acetate, and others. The acetone segment is expected to hold the majority market share, and the same segment is projected to register the highest CAGR during the review period according to the MRFR analysis.


Based on the category, the global market has been segmented as natural and synthetic. The synthetic segment is expected to hold the majority market share while the natural segment is projected to register the highest CAGR during the review period, according to the MRFR analysis.


Based on the form, the market has been segregated into the liquid, cotton pads, and others. The liquid segment dominated the market in the year 2018. However, the pads segment is expected to be the fastest growing segment during the forecast period.


On the basis of the distribution channel, market has been categorized into store-based and non-store-based. The store-based segment has further been divided into supermarkets and hypermarkets, specialty stores, and others. The store-based segment is expected to account for the larger revenue share of the market. However, the non-store-based segment is expected to exhibit a higher growth rate during the forecast period of 2019 to 2024.


The global nail polish remover industry has been studied for four regions—North America, Europe, Asia-Pacific, and the rest of the world.


The North American nail polish remover market has further been segmented into the US, Canada, and Mexico. The European market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The nail polish remover market in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players



  • Industrie Pagoda SRL (Italy)

  • Elif Cosmetics Ltd (Turkey)

  • Lakmé (Unilever PLC) (India)

  • Colorbar Cosmetics Pvt. Ltd (India)

  • Maybelline LLC (L'Oréal S.A.) (US)

  • Kara (Future Consumer Limited) (India)

  • Faces Cosmetics Inc (Canada)

  • Innisfree Corporation (South Korea)

  • Komal Manufacturing Chemists Pvt. Ltd. (India)

  • Kiko Cosmetics Retail Private Limited (Italy)

  • Orly International, Inc (US)

  • Kure Bazaar SAS (France)

  • Karma Organic Spa (US)

  • Miss Claire Cosmetics (Poland),

  • O·P·I (Coty, Inc) (US)


Regional Market Summary


Global Nail Polish Remover Market Share (%), by Region, 2018  Nail Polish Remover Market


Source: Secondary Sources and MRFR Analysis


The North American market is expected to account for the largest revenue share of the global nail polish remover market during the research period due to the growing professional makeup an industry which is subsequently leading to the rise in the purchase of nail polish remover in the region. However, the nail polish remover market in Asia-Pacific is expected to register the highest CAGR during the forecast period due to changing fashion trends consumers are opting for various makeup products to enhance their overall look. Also, the inclination of consumers towards different nail art, including a distinct form of nail polishes such as glitter, matte, shimmer, require nail polish remover which can remove nail polishes efficiently.  Moreover, the launch of an innovative variety of nail polish remover in the region is boosting the nail polish remover market growth.


Global Nail Polish Remover Market, by Product Type



  • Acetone

  • Acrylic

  • Ethyl acetate

  • Others


Global Nail Polish Remover Market, by Category



  • Natural

  • Synthetic


Global Nail Polish Remover Market, by Form



  • Liquid

  • Cotton Pads

  • Others


Global Nail Polish Remover Market, by Distribution Channel



  • Store-Based

    • Supermarkets and Hypermarkets

    • Specialty Stores

    • Others



  • Non-Store-Based


Global Nail Polish Remover Market, by Region



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe



  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific



  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Intended Audience



  • Nail polish remover manufacturers

  • Category suppliers and distributors

  • Retailers, supermarkets, and hypermarkets

  • Traders, exporters, and importers



Frequently Asked Questions (FAQ) :

An income level touching USD 1.2 million is estimated to bolster the market.

A 3.4% CAGR is predicted to shape the global market in the near future.

The sway exerted by fashion trends is projected to stimulate the market.

Colorbar Cosmetics Pvt. Ltd (India), Lakmé (Unilever PLC) (India), and Maybelline LLC (L'Oréal S.A.) (U.S.) are driving the global market.

The North American region is estimated to lead the global market in the forecast period.