Nail Polish Market Report, by Product Type (Liquid and Gel), by End User (Female and Male), by Distribution Channel (Hypermarket & Supermarket, Specialty Stores, Convenience Stores, and Online Channels), and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Trends, and Forecast 2019 - 2027

  • Published On : Aug 2019 |
  • Pages : 120 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Nail Polish Market – Insights

Nail Polish is a lacquer, which is applied on fingernails or toenails to protect and decorate nail plates. It is manufactured using various chemical compositions such as solvents, film formers, pigments, resins, plasticizers, pearls, and thickening agents such as stearalkonium hectorite, in order to bind other ingredients, which makes the polish easier to apply.

Growing population of working women together with increasing awareness about grooming among consumers is fueling growth of the cosmetic industry, which in turn is driving the global nail polish market growth. For instance, according to the U.S. Department of Commerce, International Trade Administration (ITA), in 2016, the Indian Beauty and Personal Care (BPC) industry was valued at US$ 8 billion, and is expected to exhibit a CAGR of 5-6% in the period between 2017 and 2021. As a result, demand for nail polish products is also expected to increase during the forecast period.

Moreover, increasing disposable income and rising number of nail salons are another factors, which could drive growth of the global nail polish market during 2019 to 2027. Increasing disposable income of the population has led to increased expenditure on personal care and cosmetic products. According to the U.S. Bureau of Economic Analysis, in 2016, the U.S. per capita disposable income was US$ 42,029, which increased to US$ 43,433 in 2018. Moreover, increasing awareness about personal grooming is also driving people to spend more on cosmetic products. Therefore, with rising disposable income, demand for nail salons is expected to increase during the forecast period.

However, rising health concerns, owing to the use of harmful chemicals in manufacturing nail polish are likely to have hamper growth of global nail polish market in the near future. Nail polish contains toxic and hazardous chemical ingredients such as toluene and dibutyl phthalate, which can adversely affect human health. The health risks associated with nail polish range from issues with reproductive health to chronic health problems such as cancer. According to the U.S. Food & Drug Administration, under section 740.1, it is mandatory for cosmetic manufacturers to put a warning on product labels regarding health hazards that could occur from using a product. Moreover, the product label must have a list of ingredients used in descending order of dominance, as per their respective content.

The global nail polish market was valued at US$ 8.34 Bn in 2018, and is expected to register a CAGR of 10.3%, in terms of revenue over the forecast period (2019-2027), to reach US$ 20.07 Bn by 2027.

Figure 1. Global Nail Polish Market Share (%), By Region, 2018

Nail Polish  | Coherent Market Insights

Source: Coherent Market Insights, 2018-19

Asia Pacific held for the largest revenue share of 27.9% in the global nail polish market in 2018, and is projected to continue its dominance during 2019-2027. This is owing to increasing number of working women population that leads to high demand for nail polish products in the region. Women working in corporate sector are concerned about their appearance, which is expected to increase demand for nail polish. For instance, according to World Bank, in Japan, the female labor force was 43.11% of the total labor force in 2016, and increased to 43.61 % in 2018.

Growing cosmetic industry is driving growth of the global nail polish market in Asia Pacific region. According to International Trade Administration (ITA), in 2015, the cosmetic industry in Japan was valued at US$ 13,208 million and in 2014, per person expenditure on personal care and cosmetics was US$ 174 annually.

Based on distribution channel, specialty stores segment dominated the global nail polish market and contributed 43.1% of revenue share in 2018. Specialty stores offer specific products according to type of store. Specialty stores are often more expensive as compared to supermarkets. Furthermore, already established trust among consumers about the quality of nail polish and its brands at these stores is driving growth of this segment, globally.

Figure 2. Global Nail Polish Market Share (%), By Distribution Channel, 2018

Nail Polish  | Coherent Market Insights

Source: Coherent Market Insights, 2018-19

However, hypermarket & supermarket segment is projected to record the fastest growth during the forecast period, attributing to rapid expansion in number of stores globally. According to the U.S. Department of Agriculture (USDA), in 2017, the total number of supermarkets in Egypt were 1,056 in 2016, and it increased to 1,215 in 2017.

Major players operating in the global nail polish market are Revlon, Inc., L'Oreal S.A., Fiabila SAS, NARS Cosmetics, Inc., Essie Cosmetics, Ltd., Coty, Inc., American International Industries, Christian Dior SE, and Chanel S.A.

Nail polish is a type of lacquer, which is used to decorate fingernails and toenails. Nail polishes are coatings applied to nails to provide a pleasing look and to supplement the nails. In order to make nail polish flexible, peeling, and strong, various chemicals such as solvents, film formers, resins, plasticizer, pigments, pearls, and other ingredients are added to the nail polish. It contains film-former such as cellulose acetate butyrate or nitrocellulose in order to make product hard and shiny when it dries.

Increasing awareness about grooming among consumers is fueling growth of the cosmetic industry, which in turn is driving the nail polish market growth. For instance, according to the U.S. Department of Commerce, International Trade Administration (ITA), in 2016, the Indian Beauty and Personal Care (BPC) industry was valued at US$ 8 billion, and it is expected to exhibit a CAGR of 5-6% in the period between 2017 and 2021.

Market Dynamics

Among product type, liquid segment held largest revenue share of 85.2% in global nail polish market in 2018. This trend is expected to continue further over the forecast period, owing to the wide availability of wide range of liquid nail polish in the global market. Moreover, rising number of beauty and nail salons is further expected to contribute to growth of global nail polish market in the near future. According to the U.S. Nails Magazine Statistics published in 2018, the number of nail salons operating in the U.S. increased from 48,930 salons in 2013 to 56,386 salons in 2017.

Among regions, in 2018, Asia Pacific held dominant position in the global nail polish market and contributed revenue share of 27.9%. The regional growth is driven by increasing population of working women along with growing cosmetics industry in the region. According to India Brand Equity Foundation (IBEF), Indian beauty, cosmetic, and grooming market was valued at US$ 6.5 Bn in 2016 and is expected to reach value of US$ 20 billion by the end of 2025.

Key features of the study:

  • This report provides in-depth analysis of global nail polish market and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global nail polish market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include, Revlon, Inc., L'Oreal S.A. , Fiabila SAS, NARS Cosmetics, Inc., Essie Cosmetics, Ltd., Coty, Inc., American International Industries, Christian Dior SE, and Chanel S.A.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global nail polish market report caters to various stakeholders in this industry including investors, suppliers, nail polish manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global nail polish market

Detailed Segmentation:

  • Global Nail Polish Market, By Product Type:
    • Liquid
    • Gel
  • Global Nail Polish Market, By End User:
    • Female
    • Male
  • Global Nail Polish Market, By Distribution Channel:
    • Hypermarkets and Supermarkets
    • Specialty Stores
    • Convenience Stores
    • Online Channels
  • Global Nail Polish Market, By Region:
    • North America
      • U.S.
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
      • Canada
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
      • Mexico
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
    • South America
      • Brazil
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
      • Argentina
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
      • Rest of South America
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
    • Europe
      • U.K.
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
      • Germany
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
      • France
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
      • Italy
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
      • Spain
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
      • Russia
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
      • Rest of Europe
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
    • Asia Pacific
      • China
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
      • India
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
      • Japan
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
      • South Korea
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
      • ASEAN
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
          • Elastomers
      • Rest of Asia Pacific
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
    • Middle East & Africa
      • Middle East
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
      • Africa
        • By Product Type:
          • Liquid
          • Gel
        • By End User:
          • Female
          • Male
        • By Distribution Channel:
          • Hypermarkets and Supermarkets
          • Specialty Stores
          • Convenience Stores
          • Online Channels
  • Company Profiles
    • Revlon, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • L'Oreal S.A.
    • Fiabila SAS
    • NARS Cosmetics, Inc.
    • Essie Cosmetics, Ltd.
    • Coty, Inc.
    • American International Industries
    • Christian Dior SE
    • Chanel S.A.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Product Type
      • Market Snippet By End User
      • Market Snippet By Distribution Channel
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • PEST Analysis
      • PORTER Analysis
      • Key Industry Trends
  4. Global Nail Polish Market, By Product Type, 2017 - 2027 (US$ Bn)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Liquid
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn)
    • Gel
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn)
  5. Global Nail Polish Market, By End User, 2017 - 2027 (US$ Bn)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Female
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn)
    • Male
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn)
  6. Global Nail Polish Market, By Distribution Channel, 2017 - 2027 (US$ Bn)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Hypermarkets and Supermarkets
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn)
    • Specialty Stores
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn)
    • Convenience Stores
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn)
    • Online Channels
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn)
  7. Global Nail Polish Market, By Region, 2017 - 2027 (US$ Bn)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, For Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
    • South America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • Rest of South America
          • Country/Region Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
    • Europe
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Country, 2019 - 2027
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
    • Asia Pacific
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • Rest of Asia Pacific
          • Country/Region Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
    • Middle East & Africa
      • Market Share Analysis, By Sub-region, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Sub-region, 2019 - 2027
        • Middle East
          • Country/Region Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
        • Africa
          • Country/Region Trends
          • Market Size and Forecast, By Product Type, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By End User, 2017 - 2027 (US$ Bn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Bn)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Revlon, Inc.
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • L'Oreal S.A.
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Fiabila SAS
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • NARS Cosmetics, Inc.
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Essie Cosmetics, Ltd.
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Coty, Inc.
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • American International Industries
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Christian Dior SE
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Chanel S.A.
        • Company Overview
        • Product Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 32 market data tables and 20 figures on "Nail Polish Market - Global forecast to 2027”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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