Dublin, December 6, 2021--(BUSINESS WIRE)--ResearchAndMarkets.com has added the "UV Nail Polish-Global Market Track and Analysis" report to the products of ResearchAndMarkets.com.
By 2026, the global UV nail polish market will reach 65.8 million US dollars
By 2020, the global market for UV nail polish is estimated to be US$47 million, and is expected to reach a revised US$65.8 million by 2026, growing at a CAGR of 5.9% during the analysis period.
Methacrylate is one of the market segments analyzed in the report and is expected to grow at a compound annual growth rate of 5.9% by the end of the analysis period, reaching US$66.9 million. After a thorough analysis of the business impact of the pandemic and the economic crisis it caused, the growth of other chemical sectors was re-adjusted to a revised compound annual growth rate of 4.8% over the next 7 years. This segment currently accounts for 4.9% of the global UV nail gel market.
UV gel nail extension is one of the latest nail extension techniques available. Gel is a unique material that hardens when exposed to ultraviolet light and forms a strong covering on the nail.
The growth of the UV nail polish market is driven by technological development, the growth of the nail care market, the durability and cost-effectiveness of the products, the growth of the American fashion market, and the increase in customer preference for gel nails. Methacrylate has been the main chemical used in the UV nail gel market.
The market is expected to benefit from the emergence of new and improved products and better technologies, thereby reducing the cost of UV nail polish. The growing interest of customers in the latest fashion trends and new technologies may also bode well for the market.
It is expected that market revenue will also be driven by the rising influence of social media and the increase in the use of family salon services. In addition, the growing interest in nail art is driving the development of the UV nail gel market.
The US market in 2021 is estimated to be US$18.5 million, while China is expected to reach US$4.8 million by 2026
It is estimated that by 2021, the U.S. UV nail gel market will reach $18.5 million, and the country’s current share of the global market is 37.97%. China is the world's second largest economy, and the market size is expected to reach 4.8 million U.S. dollars by 2026, with a compound annual growth rate of 7% during the analysis period.
Other notable geographic markets include Japan and Canada, which are expected to grow 5.6% and 5.4%, respectively, during the analysis period. In Europe, Germany is expected to grow at a compound annual growth rate of approximately 5.5%, while other European markets (as defined in the study) will reach US$5.2 million by 2027.
In North America, the strong growth of the fashion industry, the increase in fashion awareness, the surge in demand for nail services, the launch of new gel products, the increase in disposable income and the increase in product innovation are driving market growth. The growing urbanization and expanding middle-class population have contributed to the growth of the Asia-Pacific region.
Prelude to UV nail polish
The impact of the COVID-19 pandemic and the imminent global recession
Affected by the epidemic, the beauty and nail industry is facing tremendous pressure
The impact of COVID-19 on the UV nail polish market
Global market outlook and outlook
The global UV nail polish market will witness rapid growth in the future
Choose the world's leading UV gel nail polish: 2021
Developed regions dominate, and developing markets witness the fastest growth
2. Focus on selected players (34 selected players in total)
Keystone Research and Pharmaceuticals
Sheba Professional Nail Products, Inc.
The growth of the nail care industry drives the demand for UV nail polish
People are increasingly aware of the importance of nail care
The role of social media in the growth of the nail market
Durable and time-saving products promote innovation
Growing demand for vegan products for nail care
The growth of the fashion industry heralds the growth of the market
The increasing popularity of nail decorations is driving the demand for UV nail glue
More and more nail salons and nail care services
More and more prefer gels instead of acrylics
Hybrid nail products witnessed increased demand
Organic UV nail polish will drive the growth of the UV nail polish market
The demand for UV nail polishes made of bio-based materials is increasing
Digital channels that continue to drive market growth
Other technological advancements and innovations
Demographic trends affect market prospects
UV lamps used for gel nails pose a threat to the skin
For more information about this report, please visit https://www.researchandmarkets.com/r/qgqp6c
View the source version on businesswire.com: https://www.businesswire.com/news/home/20211206005360/en/
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1- 416- 8900
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