Nail Polish Remover Market is expected to rise at a CAGR of 3.4% during the forecast period
Market Overview
Acetone free nail
polish remover are majorly used by consumers prefer chemical free or organic
cosmetics products. Globally, nail polish remover made from organic ingredients
is in huge demand which is driving the introduction of new products under this category.
Majority of nail polish remover are sold in liquid and pad form. Changing
lifestyle and increasing awareness among consumer about using natural and
chemical free products, is boosting the sales of organic nail polish remover
since last few years.
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Market Forecast
Globally the nail
polish remover market is estimated to escalate at a higher growth rate which is
supported by increasing demand of organic and chemical free cosmetics products.
Rising application of nail polish remover especially in the form of liquid nail
polish remover is also supporting the market growth. Availability of different
product type and improved distribution channel is playing the key role for nail
polish remover market growth.
All these factors contribute to the calculated CAGR of 6.4% of Nail Polish
Remover market during 2017-2023.
Downstream analysis
All conventional nail
polishes remover contain a number of chemical ingredients that most notably
include acetone, acrylic, ethyl acetate, acetonitrile which are dominating the
market. Nail polish remover made from natural and organic ingredients which is
becoming popular in developed countries. The growing popularity of nail polish
remover among cancer patients and kids is influencing the sales of nail polish
remover since last few years. Key players are introducing the various organic
cosmetics products to expand their product portfolio across globe. Increasing
awareness among consumers about chemical free cosmetics products is encouraging
the manufacturers to invest more in organic and chemical free nail polish
remover.
Competitive analysis
The major key players
in nail
polish remover market are:
- Industrie Pagoda SRL (Italy)
- (U.S.)
- Elif Cosmetics Ltd (Turkey)
- Lakme Cosmetics (India)
- Enliven (U.K.),
- Karma Organic Spa (U.S.)
- Colorbar (India)
Regional Analysis
The Global Nail Polish
Remover market is segmented into North America, Europe, and Asia Pacific along
with rest of the world (RoW). North America region is estimated to dominate the
market followed by Asia Pacific. U.S. and Canada are major nail polish remover
producers in the North American region. U.S. dominates the market in this
region due to increasing demand of organic personal care products. Increasing
health awareness and huge consumer base is driving the nail polish remover
market in the Asia Pacific region especially in developing countries like China
and India. Improvement in production technology and the trend of organic and
chemical free products in the European region is playing a key role to boost
the organic nail polish remover in the region.
Market Segmentation
Global nail polish
remover product has been segmented on the basis of type which includes organic
and non-organic.
Global nail polish
remover product has been segmented on the basis of product which comprises of
acetone, acrylic, ethyl acetate, acetonitrile and others.
Global Nail polish
remover market has been segmented on the basis of form which comprises of
liquid, pen and pad.
Global Nail polish
remover product has been segmented on the basis of distribution channel which comprises
store based and non-store based.
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