SAN FRANCISCO, Sept. 24, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Nail Polish - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 776
Companies: 20 - Players covered include China Glaze; Cosmetic Industries, Inc.; Coty, Inc.; Creative Nail Design, Inc.; Essie Cosmetics, Ltd.; Fiabila Cosmetics Co., Ltd.; LOreal Paris; NARS Cosmetics; Odontorium Product Inc.; Procter & Gamble Co.; Revlon, Inc.; RGB Cosmetics; Sally Hansen, Inc.; The Estee Lauder Companies, Inc.; Vogue Cosmetics and Others.
Coverage: All major geographies and key segments
Segments: Product Type (Liquid, Gel)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; 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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Global Nail Polish Market to Reach $17.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Nail Polish estimated at US$10.5 Billion in the year 2020, is projected to reach a revised size of US$17.1 Billion by 2026, growing at a CAGR of 8.2% over the analysis period. Liquid, one of the segments analyzed in the report, is projected to record a 8.1% CAGR and reach US$16.3 Billion 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 Gel segment is readjusted to a revised 8.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.1 Billion in 2021, While China is Forecast to Reach $3.8 Billion by 2026
The Nail Polish market in the U.S. is estimated at US$3.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2026 trailing a CAGR of 12.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 7.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR. More
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