Global Nail Polish Market, Size, Trends and Growth Opportunity, By Type (Base Coat, Top Coat, Others), Product (Liquid, Gel), Finish (Glossy, Matte, Glitter, Satin, Others), End User (Female and Male), Distribution Channel (Supermarket and Hypermarkets, Independent Stores, Specialty Stores, E-Commerce) By Region and forecast till 2027.
Report ID : IR100139 | Industries : Chemicals & Materials | Published On :May 2024 | Page Count : 253
Global Nail Polish Market, Size, Trends and Growth Opportunity, By Type (Base Coat, Top Coat, Others), Product (Liquid, Gel), Finish (Glossy, Matte, Glitter, Satin, Others), End User (Female and Male), Distribution Channel (Supermarket and Hypermarkets, Independent Stores, Specialty Stores, E-Commerce) By Region and forecast till 2027.
Global Nail Polish Market
Global Nail Polish Market Size was valued at USD 12.68 billion in 2021 and is slated to reach at USD 25.37 billion by 2027 at a CAGR of 9.32 % from 2022-2027.
Toenails and fingernails can be painted and protected using nail polish, which is a thick, pigmented lacquer substance. In its production, a variety of chemical compounds are used to bind other materials, making the nail polish easier to apply. These compounds include pearls, pigments, resins, plasticizers, solvents, film formers, and thickening agents like stearalkonium hectorite. There are many different kinds of nail polishes on the market, including ordinary, gel, matte, glitter, and chrome.
Market Drivers
Spending on cosmetic and personal care items has increased as a result of the population's expanding disposable income. The U.S. Bureau of Economic Analysis' study indicates that in 2016, the per capita disposable income was approximately USD 42,029 and increased to approximately USD 43,433 in 2018. Because of this, it is anticipated that during the projection period, demand for nail polish will rise along with rising disposable income. The global population of working women is expected to increase, fueling the demand for nail polish. Women who work outside the home and earn a living through regular employment are considered to be working women. By giving them a great look and a lively, attractive appearance, nail paints assist.
Market Restraints
Throughout the projected period, rising health concerns brought on by the use of hazardous chemicals in nail polish manufacture are likely to restrain the growth of the worldwide nail polish market. Dibutyl phthalate and toluene, two poisonous and risky chemical components found in nail polish, can be damaging to human health. The health hazards linked to nail polish use range from chronic health issues like cancer to reproductive health issues.
Impact of COVID-19
The global expansion of COVID-19 is anticipated to have a detrimental effect on the growth of the nail polish remover industry. Global crisis has been brought on by the emergence of COVID-19, a pandemic that has affected the entire world. The pandemic, which has affected more than 205 nations, has already impacted the world economy. Due to trade restrictions, the operating of production facilities at reduced capacity, nationwide lock downs, and the closing of international borders, the global market is anticipated to face growth challenges. There is a decreasing availability of raw materials used to make nail polish removers as a result of several nations restricting or banning the export and import of chemicals like acetone. In addition, nail paint removers are exacerbating the supply-demand mismatch.
Recent Developments
The UK-based nail care company Orly introduced "Island Hopping" in 2022. It is a line of summer-friendly nail paint. It is vegan, halal-certified, and free of cruelty. This collection includes six recognisable vacation hues. Modern oxygen technology is used in the one-step manicure to maintain hydration balance in the nails, promoting extended wear and nail development.
Faces Canada was purchased by Purplle in 2021 for an undisclosed sum. Purplle is an Indian online beauty platform that offers nail polish and many other things in addition to beauty products. Purplle hopes to expand its resources, uphold its principles, and tap into unexplored markets in the nation with this acquisition.
Market Segmentation
Global Nail Polish Market is segmented into By Type, Product, Finish, End User, Distribution Channel. By Type such as Base Coat, Top Coat, Others. By Product such as Liquid, Gel. By Finish such as Glossy, Matte, Glitter, Satin, Others. By End User such as Female and Male. By Distribution Channel such as Supermarket and Hypermarkets, Independent Stores, Specialty Stores, E-Commerce.
Regional Analysis
Global Nail Polish Market is segmented into In terms of sales and market share, North America commands a large portion of the nail polish market. This is mostly because consumers in nations like Canada and the United States are eager to pay a premium price for a more alluring appearance in this area. Because of the increased demand for nail polish in developing nations like India, China, and Thailand, the Asia-Pacific region is anticipated to have the quickest growth during the projected period of 2022–2027. Additionally, the market will rise due to the rising number of working women in countries like China and India and their increasing interest in purchasing nail care products.
Key Players
This report includes a list of numerous Key Players, namely CND (U.S.), Chemence (U.K.), Alessandro International (Germany), California Chemical Specialties (U.S.), NV Organics (India), CNC International (Netherlands), Delia Cosmetics (Poland), Fiabila (France), IL Cosmetics Group SA (Luxembourg), Kirker Enterprises, Inc (U.S.).
Market Taxonomy
By Type
• Base Coat
• Top Coat
• Others
By Product
• Liquid
• Gel
By Finish
• Glossy
• Matte
• Glitter
• Satin
• Others
By End User
• Female
• Male
By Distribution Channel
• Supermarket and Hypermarkets
• Independent Stores
• Specialty Stores
• E-Commerce
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Nail Polish Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Nail Polish Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Nail Polish Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Nail Polish Market Share Analysis, By Type
5.3 Global Nail Polish Market Size and Forecast, By Type
5.3.1 Base Coat
5.3.2 Top Coat
5.3.3 Others
6 Global Nail Polish Market, By Product
6.1 Y-o-Y Growth Comparison, By Product
6.2 Global Nail Polish Market Share Analysis, By Product
6.3 Global Nail Polish Market Share Analysis, By Product
6.3.1 Liquid
6.3.2 Gel
7.Global Nail Polish Market, By Finish
7.1 Y-o-Y Growth Comparison, By Finish
7.2 Global Nail Polish Market Share Analysis, By Finish
7.3 Global Nail Polish Market Share Analysis, By Finish
7.3.1 Glossy
7.3.2 Matte
7.3.3 Glitter
7.3.4 Satin
7.3.5 Others
8.Global Nail Polish Market, By End User
8.1 Y-o-Y Growth Comparison, By End User
8.2 Global Nail Polish Market Share Analysis, By End User
8.3 Global Nail Polish Market Share Analysis, By End User
8.3.1 Female
8.3.2 Male
9.Global Nail Polish Market, By Distribution Channel
9.1 Y-o-Y Growth Comparison, By Distribution Channel
9.2 Global Nail Polish Market Share Analysis, By Distribution Channel
9.3 Global Nail Polish Market Share Analysis, By Distribution Channel
9.3.1 Supermarket and Hypermarkets
9.3.2 Independent Stores
9.3.3 Specialty Stores
9.3.4 E-Commerce
10 Global Nail Polish Market, By Region
10.1 Global Nail Polish Market Share Analysis, By Region
10.2 Global Nail Polish Market Share Analysis, By Region
11 North America Nail Polish Market and Forecast (2022-2027)
11.1 Introduction
11.2 North America Nail Polish Market Share Analysis, By Type
11.3 North America Nail Polish Market Size and Forecast, By Product
11.4 North America Nail Polish Market, By Finish
11.5 North America Nail Polish Market Size and Forecast, By End User
11.6 North America Nail Polish Market Share Analysis, By Distribution Channel
11.7 North America Nail Polish Market Size and Forecast, By Country
11.7.1 U.S
11.7.2 Canada
11.7.3 Mexico
12 Europe Nail Polish Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Europe Nail Polish Market Share Analysis, By Type
12.3 Europe Nail Polish Market Size and Forecast, By Product
12.4 Europe Nail Polish Market, By Finish
12.5 Europe Nail Polish Market Size and Forecast, By End User
12.6 Europe Nail Polish Market Share Analysis, By Distribution Channel
10.7 Europe Nail Polish Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4 Rest of Europe
13 Asia Pacific Nail Polish Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Asia-Pacific Nail Polish Market Size and Forecast, By Type
13.3 Asia-Pacific Nail Polish Market Size and Forecast, By Product
13.4 Asia-Pacific Nail Polish Market, By Finish
13.5 Asia-Pacific Nail Polish Market Size and Forecast, By End User
13.6 Asia-Pacific Nail Polish Market Share Analysis, By Distribution Channel
11.7 Asia-Pacific Nail Polish Market Size and Forecast, By Country
11.7.1 China
11.7.2 Japan
11.7.3 India
11.5.4. Rest of Asia Pacific
14 Latin America Nail Polish Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Latin America Nail Polish Market Size and Forecast, By Type
14.3 Latin America Nail Polish Market Size and Forecast, By Product
14.4 Latin America Nail Polish Market, By Finish
14.5 Latin America Nail Polish Market Size and Forecast, By End User
14.6 Latin America Nail Polish Market Share Analysis, By Distribution Channel
14.7 Latin America Nail Polish Market Size and Forecast, By Country
14.7.1 Brazil
14.7.2.Rest of Latin America
15 Middle East Nail Polish Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Nail Polish Market Share Analysis, By Type
15.3 Middle East Nail Polish Market Size and Forecast, By Product
15.4 Middle East Nail Polish Market, By Finish
15.5 Middle East Nail Polish Market Size and Forecast, By End User
15.6 Middle East Nail Polish Market Share Analysis, By Distribution Channel
15.7 Middle East Nail Polish Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.2. Egypt
15.7.4. Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1. CND (U.S.)
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2. Chemence (U.K.)
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. Alessandro International (Germany)
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4. California Chemical Specialties (U.S.)
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5. NV Organics (India)
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6. CNC International (Netherlands)
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7. Delia Cosmetics (Poland)
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8. Fiabila (France)
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9. IL Cosmetics Group SA (Luxembourg)
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10. Kirker Enterprises, Inc (U.S.)
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies
CND (U.S.)