Valued at $65.8 million by 2026, UV gel for nails is expected to experience robust growth worldwide

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Editing: 6; Published: February 2022
Executive Pool: 486
Companies: 34 – Players covered include alessandro International GmbH; Armbruster Associates Inc.; Cheminence Ltd.; Creative Nail Design Inc.; Crystal Nails United States; Keystone Research and Pharmaceuticals Inc.; Light elegance; Opi Products Inc.; Shany Cosmetics Inc.; Sheba Professional Nail Products, Inc.; UV-Nails and Others.
Blanket: All major geographies and key segments
segments: Chemistry (Methacrylate, Other Chemistry); Distribution channel (offline, online)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.

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ABSTRACT-

Global Nail UV Gel Market to Reach $65.8 million by 2026
UV gel nail extension is one of the latest nail extension technologies available. Gel is the unique material that hardens when exposed to UV light and forms a solid cover over the nail. The growth of UV nail gel market is fueled by technological developments, growth in nail care market, product durability and profitability, growth in fashion market in the United States and growing preference of customers 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 techniques that lead to a reduction in the cost of UV nail gel. Growing customer interest in the latest fashion trends and new technologies also bodes well for the market. The market gains are also expected to be driven by the growing influence of social media and growing usage of home salon services. Additionally, the growing interest in nail art is driving the UV nail gel market. UV nail gels are chip resistant, less harmful, very light and have a more natural look, and are considered environmentally safe. These benefits have made them increasingly popular both for personal use and in nail salons.

Amid COVID-19 crisis, Global Nail UV Gel Market Estimated at US$51.2 million in 2022, is expected 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 expected to grow at a CAGR of 5.9% to reach US$66.9 million at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Other Chemicals segment is readjusted to a revised CAGR of 4.8% for the next 7-year period. This segment currently accounts for a 4.9% share of the global UV nail gel market.

The US market is estimated at $19.4 million in 2022, when China is expected to reach $4.8 million by 2026
The UV nail gel market in the United States is estimated at US$19.4 million in 2022. The country currently accounts for a 37.97% share of the global market. Chinaworld’s second largest economy, is expected to reach an estimated market size of US$4.8 million in 2026 with a CAGR of 7% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 5.6% and 5.4% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 5.5% while the rest of the European market (as defined in the study) will reach US$5.2 million at the end of the analysis period. In North America, strong growth in the fashion industry, growing fashion awareness, increasing demand for nail services, new gel product launches, growing disposable incomes and increasing product innovations are driving gains in the market. Increasing urbanization and the expansion of the middle class contribute to the growth of the Asia Pacific Region. Continued

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