The globalNail Polish Remover Market was valued at USD 223.9 million in 2019 and is expected from 2020 to 2027
Market Overview
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.
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Competitive Landscape
- 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)
Market 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.
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Regional 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.
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