Nail Polish Remover Market to Touch USD 1575.3 Million at 3.25% CAGR by 2027

Research Reports

Sep 07, 2023

Market Analysis

The global nail polish remover market will touch USD 1575.3 million at a 3.25% CAGR by 2027, as per the recent Market Research Future report.

Drivers

Beauty and Fashion Trends to Boost Market Growth

Trends in fashion and beauty have a significant impact on the nail polish market. Customers constantly change their nail paint as new hues, fashions, & nail art techniques become more popular, which raises the need for nail polish removers.

 

Nail Polish Remover Market

 

Opportunities

Social Media and Celebrity Influence to offer Robust Opportunities

Influencers and celebrities’ social media posts endorsing certain nail paint brands and colors may have a substantial impact on consumer preferences, influencing purchases of specific nail polish colors and, as a result, the usage of the nail polish removers.

Restraints and Challenges

Side Effects of Nail Polish Removers to act as Market Restraints

The adverse impacts of using nail polish removers having acetone, competition from alternatives, and availability of counterfeit products may act as market restraints over the forecast period.

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Market Segmentation

The global nail polish remover market is bifurcated based on distribution channel, form, category, and product type.

By product type, acetone will lead the market over the forecast period.

By category, natural will domineer the market over the forecast period.

By form, liquid will spearhead the market over the forecast period.

By distribution channel, non-store-based will spur the market over the forecast period.

COVID-19 Analysis

Consumer preferences shifted during the epidemic in favor of necessities and hygiene-related goods. While hand sanitizers & soaps were prioritized by certain customers over cosmetic items like nail paint removers, nail polish removers themselves were not thought of as necessities. During lockdowns and times of increased restrictions, a lot of beauty salons and retail establishments were compelled to cease or operate at reduced capacity. Because of this, there was less foot traffic and less of a need for nail polish removal products. Nail polish remover business started to revive as lockdowns decreased and conditions in some areas got better.

Regional Analysis

North America to Command Nail Polish Remover Market

Because of the region’s expanding professional makeup industry, which is driving up demand for nail polish remover, the North American market is anticipated to have the maximum revenue share of the worldwide nail polish remover market in the assessment period. Leading nail polish remover producers within North America are the United States and Canada. Due to the rising demand for organic personal care products, the United States now controls the industry in this area.

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Key Players

Eminent market players profiled in the nail polish remover market report include 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).

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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