Press release
New Era for Nail Polish Market | Enormous Growth with Attractive Opportunities
Nail Polish
Nail Polish is a lacquer, which is applied on fingernails or toenails to protect and decorate nail plates. It is manufactured using various chemical compositions such as solvents, film formers, pigments, resins, plasticizers, pearls, and thickening agents such as stearalkonium hectorite, in order to bind other ingredients, which makes the polish easier to apply.
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Increasing disposable income of the population has led to increased expenditure on personal care and cosmetic products. According to the U.S. Bureau of Economic Analysis, in 2016, the U.S. per capita disposable income was US$ 42,029, which increased to US$ 43,433 in 2018. Moreover, increasing awareness about personal grooming is also driving people to spend more on cosmetic products. Therefore, with rising disposable income, demand for nail salons is expected to increase during the forecast period.
Asia Pacific held for the largest revenue share of 27.9% in the global nail polish market in 2018, and is projected to continue its dominance during 2019-2027. This is owing to increasing number of working women population that leads to high demand for nail polish products in the region. Women working in corporate sector are concerned about their appearance, which is expected to increase demand for nail polish.
Major players operating in the global nail polish market are Revlon, Inc., L'Oreal S.A., Fiabila SAS, NARS Cosmetics, Inc., Essie Cosmetics, Ltd., Coty, Inc., American International Industries, Christian Dior SE, and Chanel S.A.
Detailed Segmentation:
Global Nail Polish Market, By Product Type:
Liquid
Gel
Global Nail Polish Market, By End User:
Female
Male
Global Nail Polish Market, By Distribution Channel:
Hypermarkets and Supermarkets
Specialty Stores
Convenience Stores
Online Channels
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