Market Scenario
Market Research Future (MRFR) asserts that the global Nail Paint Remover Market can expand with a considerable GAGR of 3.4% during the forecast period (2019 – 2024). MRFR observed, as the trend for grooming oneself surges, the global nail paint remover market can garner a valuation of USD 1.2 million by 2024.
The availability of nail polish remover in different form is pushing the global nail paint remover market over the evaluation period. Cotton pads soaked in solvent, separate cotton pad, and liquid remover are types of nail polish remover offer different advantages, thereby exposing customers to options. Consequently, the growing customers’ satisfaction can intensify the growth of global nail paint remover market. Furthermore, the procurement of raw materials which are required in the production of nail polish remover is easy. This subsequently results into the effort dilution of nail paint remover producers, which subsequently can reinforce the nail paint remove market expansion. Emerging fashion trends like nail art is allowing people to experiment with nail paint, which is expected to wind in the higher revenue for the global nail paint remover market.
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The presence of various brands, globally, like Lakmé (Unilever PLC) (India), Kure Bazaar SAS (France), Karma Organic Spa (US), O·P·I (Coty, Inc) (US), Kiko Cosmetics Retail Private Limited (Italy), Innisfree Corporation (South Korea), Miss Claire Cosmetics (Poland), Komal Manufacturing Chemists Pvt. Ltd. (India), Orly International, Inc (US), Kara (Future Consumer Limited) (India), Maybelline LLC (L’Oréal S.A.) (US), Industrie Pagoda SRL (Italy), Colorbar Cosmetics Pvt. Ltd (India), Elif Cosmetics Ltd (Turkey), and Faces Cosmetics Inc (Canada) are experimenting and pushing the launch of new products, which can prompt the escalation of nail polish remover market.
Segmental Outline
The global nail polish remover market has been segmented based on product type, form, distribution channel, category, and region.
Based on product type, the nail polish remover market has been segmented based on acetone, ethyl acetate, acrylic, and others. According to MRFR, 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 nail polish remover 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 global nail polish remover 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.
The global nail polish remover market has been categorized, based on the distribution channel, as 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.
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Regional Outlook
Regionally, the global nail polish remover market has been studied across North America, Asia-Pacific, Europe, and the Rest of the World (RoW).
North America accounted for garnering the largest proceeds in the global nail polish remover market over the assessment period. The growing number of purchases of nail polish remover in North America is anticipated to bolster the market growth. The nail polish remover market in the Asia Pacific region is likely to attain the highest CAGR by 2024. The dynamic fashion trends in APAC is promoting the sales of nail paint remover, which can act as a potent market driver. Additionally, availability of diverse nail paint remover is successfully gratifying their sense of preference in their customers. Hence, the expansion of APAC nail polish remover market can widen in the coming years.
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