DUBLIN, December 06, 2021--(BUSINESS WIRE)--The "UV Nail Gel - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global UV Nail Gel Market to Reach $65.8 Million by the Year 2026
Global market for UV Nail Gel estimated at US$47 Million in the year 2020, is projected to reach a revised size of US$65.8 Million by 2026, growing at a CAGR of 5.9% over the analysis period.
Methacrylate, one of the segments analyzed in the report, is projected to grow at a 5.9% CAGR to reach US$66.9 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Other Chemistries segment is readjusted to a revised 4.8% CAGR for the next 7-year period. This segment currently accounts for a 4.9% share of the global UV Nail Gel market.
UV gel nail extension is among the latest nail extension technologies available. Gel is the unique material that turns hard when exposed to UV light and forms a sturdy coverage over the nail.
Growth of the UV nail gel market is being fueled by technological developments, growth of the nail care market, durability and cost effectiveness of the product, growth of the fashion market in the US, and rising preference among customers for gel nails. Methacrylate has been the main chemical used in the UV nail gel market.
The market is expected to gain from the emergence of new and improved products and better techniques that lead to a reduction in the cost of UV nail gel. Rising customer interest in latest fashion trends and novel technologies are also likely to bode well for the market.
Market gains are also anticipated to be driven by the rising influence of social media and growing use of home salon services. Furthermore, the growing interest in nail art is driving the market for UV nail gel.
The U.S. Market is Estimated at $18.5 Million in 2021, While China is Forecast to Reach $4.8 Million by 2026
The UV Nail Gel market in the U.S. is estimated at US$18.5 Million in the year 2021. The country currently accounts for a 37.97% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$4.8 Million in the year 2026 trailing a CAGR of 7% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.6% and 5.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR while Rest of European market (as defined in the study) will reach US$5.2 Million by the year 2027.
In North America, strong growth of the fashion industry, growing fashion consciousness, surging demand for nail services, launch of novel gel products, growing disposable incomes, and increased product innovations are driving gains in the market. Growing urbanization and expanding middle class population contribute to growth in the Asia-Pacific region.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
A Prelude to Ultraviolet Nail Gels
Impact of COVID-19 Pandemic and Looming Global Recession
Beauty and Nail Care Industry Comes Under Tremendous Stress Due to Pandemic
COVID-19 Impact on UV Nail Gel Market
Global Market Prospects and Outlook
Global Ultraviolet Nail Gel Market Set to Witness Rapid Growth in Future
Select Leading UV Gel Nail Polishes Globally: 2021
Developed Regions Dominate, Developing Markets to Witness Fastest Growth
Recent Market Activity
2. FOCUS ON SELECT PLAYERS (Total 34 Featured)
alessandro International GmbH
Armbruster Associates Inc.
Creative Nail Design Inc.
Crystal Nails USA
Keystone Research and Pharmaceuticals Inc.
Opi Products Inc.
Shany Cosmetics Inc.
Sheba Professional Nail Products, Inc.
3. MARKET TRENDS & DRIVERS
Growth of the Nail Care Industry to Drive the Demand for UV Nail Gels
Awareness about Nail Care's Importance is Growing
Social Media's Role in the Nail Care Market's Growth
Long Lasting & Time Saving Products Boost Innovations
Growing Demand for Vegan Products for Nail Care
Growth of the Fashion Industry Bodes Well for Market Growth
Rising Adoption of Nail Art Decoration Drives the Need for UV Nail Gels
Increasing Number of Nail Salons and Nail Care Services
Growing Preference of Gel over Acrylics
Hybrid Nail Products to Witness Increased Demand
Organic UV Nail Gels Set to Drive Growth of the UV Nail Gel Market
Increasing Demand for UV Nail Gels made from Bio-Based Materials
Digital Channels to Continue Drive Market Growth
Other Technological Advancements and Innovations
Demographic Trends Influence Market Prospects
Expanding Middle Class Population
UV Lamps Used in Gel Manicure Pose Threat to Skin
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/qgqp6c
View source version on businesswire.com: https://www.businesswire.com/news/home/20211206005360/en/
Laura Wood, Senior Press Manager
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