Press release
Nail Polish Remover Market Report 2021-2027: Poor Demand in Underdeveloped Countries & High Growth Potential in Emerging Markets
Nail Polish Remover Market
Market Research Future (MRFR) started the global nail polish remover market 2021 for the review period till 2024. As per MRFR assessment, the nail polish remover market is expected to rise at a 3.4% CAGR over the forecast period. By 2024, the nail polish remover market is expected to garner around USD 1.2 Mn.
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Market Drivers and Restrains Impacting Nail Polish Remover Market
The easy availability and affordability of raw materials, such as; alcohol, oils, chemicals, and coloring, in the production of nail polish remover can support the expansion of the market. The availability of nail polish removers in different forms including liquid remover with separate cotton pad and cotton pads soaked in solvent can promote the nail polish remover market upsurge. Furthermore, rise of new fashion trends are changing preference of consumers as they are opting for a new style to paint their nails can underpin the nail paint remover market. The inclination towards modern nail art, such as; glitter, colored nail polishes, shimmer, and other solutions, such as; stick-on tattoos, can contribute to the growth of the nail polish market in years to come. The surge in sales of nail polish removers can favor the market rise.
Different brands dealing in the nail polish business are focusing on research and development undertaking to launch innovation that are easy to use and are safe. Thus, attracting more and more consumers to buy such products and drive sales. Alongside, changes in the expanding cosmetic industries result in the upscaling demand for innovative products can add to the growth of the nail polish market in the years to come. Thus, the global nail polish remover market is expected to rise at a decent pace over the forecast term.
Key Players of Nail Polish Remover Market
Elif Cosmetics Ltd (Turkey), Industrie Pagoda SRL (Italy), 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), and O·P·I (Coty, Inc) (US) are some major companies in the nail polish remover market that are listed by MRFR in the new report.
Segment Assessment of Nail Polish Remover Market
The segment study of the global nail polish remover market is based on form, product type, distribution channel, and category.
The product type-based segments of the global nail polish remover market are ethyl acetate, acetone, and acrylic among others. The segment of acetone segment is likely to hold the largest share of the entire nail polish remover market as the segment is expected to register a decent CAGR over the study period, reveals MRFR analysis.
The category-based segments of the global nail polish removal market are synthetic and natural. 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.
The form-based segments of the nail polish remover market are cotton pads, and liquid among others. The segment of liquid segment can dominate the worldwide market by 2023. However, the segment of pads is expected register healthy CAGR over forecast tenure.
The distribution channel-based segments of the nail polish remover market are expected to store-based and non-store-based. The segment of store-based of the nail polish remover market is assessed for hypermarkets, supermarkets, and specialty stores among others. The segment of store-based segment is likely to secure the largest revenue of the global market in the review period. The segment pf non-store-based segment is likely to exhibit a high growth pace during the evaluation period.
For further information on this report, visit @ https://www.marketresearchfuture.com/reports/nail-polish-remover-market-3833
Regional Study of Nail Polish Remover Market
North America nail polish remover market has further been segmented into Mexico, the US, and Canada. Europe nail polish market is studied for the UK, Italy, Germany, France, Spain, and the rest of EU. In Asia Pacific, the nail polish remover market is studied for China, Australia, New Zealand, India, Japan, and the rest of APAC. The nail polish remover market across the rest of the world is studied for Africa, South America, and the Middle East. The report offers a detailed overview of the nail polish removal industry that include both quantitative and qualitative information.
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