ID: MRFR/CR/2545-HCR | February 2021 | Region: Global | 90 pages
The 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 market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Nail Polish Remover Market Share (%), by Region, 2018
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 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 industry growth.
Global Nail Polish Remover Market, by Product Type
Global Nail Polish Remover Market, by Category
Global Nail Polish Remover Market, by Form
By Distribution Channel
Frequently Asked Questions (FAQ) :
An income level touching USD 1.2 million is estimated to bolster the market.
A 3.25% 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.