About Nail Polish
Nail Polish is a lacquer able to apply to the human fingernails, and it also protects nail plates. It contains chemicals that help with the application, drying, glossiness and long-lasting adhesion to the nail. It consists of a mix of organic polymer and several other components. Nail polish is originated from the China region. It comes in a variety of colors and shades. As a nail polish market seeing Strong Opportunity for Nail Care Products Manufacturers, As Dermatologists Are Also Recommending to Use Nail Care Product for Safety Purpose.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.1% |
The global Nail Polish market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Nail Polish market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Essie (United States), Nail Inc. Gel Effect (England), Smith & Cult (United States), Zoya (United States), Revlon, Inc. (United States), Z Bigatti Labs (United States), L'Oreal (France), LVMH (France), Shiseido (Japan), P & G (United States), LG Household & Health Care (South Korea), Versace (Italy), Estee Lauder (United States), BENETTON (Italy) and Unilever PLC (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Oriflame Cosmetics S.A (Switzerland), Kao Corporation (Japan), Skin Food (South Korea), Cosnova GmbH (Germany), OPI (United States), Maybelline (United Sates), Dior (France), CHANEL (France), Clinique (United States), MAC Cosmetics (United States) and Maybelline (United States).
Segmentation Overview
AMA Research has segmented the market of Global Nail Polish market by Type (Creme, Metallic, Gel, Chrome, Pearl, Glitter and Matte), Application (Nail Art Institutions, Personal Care, Beauty Parlours and Others) and Region.
On the basis of geography, the market of Nail Polish has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Shops will boost the Nail Polish market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Generality of Nail Art, And Dress-Nail Match, Wearing Different Shades of Nail Colour in Parties, Increasing Adoption of Nail Polish Strips, Inclination towards Organic Products and Products Innovations to Meet Changing Fashion Statement
Market Growth Drivers:
Increasing Grooming Industry, Increasing Variety of Nail Art in Market and Increasing Use of Nail Colours in Corporate Meetings and Party
Challenges:
High Competition among Vendors, Sustainable Packaging and Transparency and Tractability in Ingredient Supply Chains
Restraints:
Increasing Concern in Consumers towards the Use of Chemicals, Such As Formaldehyde Resin and Camphor That Causes Dermatitis, Nausea, Dizziness, And Headache
Opportunities:
Growing E-Commerce Industries and Rising Disposable Income in Emerging Countries
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Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Nail Polish Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.