Valued to be $65.8 Million by 2026, UV Nail Gel Slated for Robust Growth Worldwide

SAN FRANCISCO, March 1, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "UV Nail Gel - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Edition: 6; Released: February 2022
Executive Pool: 486
Companies: 34 - Players covered include alessandro International GmbH; Armbruster Associates Inc.; Chemence Ltd.; Creative Nail Design Inc.; Crystal Nails USA; Keystone Research and Pharmaceuticals Inc.; Light Elegance; Opi Products Inc.; Shany Cosmetics Inc.; Sheba Professional Nail Products, Inc.; Uv-Nails and Others.
Coverage: All major geographies and key segments
Segments: Chemistry (Methacrylate, Other Chemistries); Distribution Channel (Offline, Online)
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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ABSTRACT-

Global UV Nail Gel Market to Reach $65.8 Million by the Year 2026
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 UV nail gels are chipping resistant, less harmful, very lightweight, and have a more natural look, and are considered to be environmentally safe. These benefits have made them increasingly popular both for personal use as well as in nail salons.

Amid the COVID-19 crisis, the global market for UV Nail Gel estimated at US$51.2 Million in the year 2022, 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.

The U.S. Market is Estimated at $19.4 Million in 2022, While China is Forecast to Reach $4.8 Million by 2026
The UV Nail Gel market in the U.S. is estimated at US$19.4 Million in the year 2022. 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 end of the analysis period. 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. More

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Global Industry Analysts, Inc.
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www.StrategyR.com
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SOURCE Global Industry Analysts, Inc.