UV Nail Gel Market to Grow with a CAGR of 5.8% Globally through 2028
Growing demand
of nail art and increasing influence of social media are driving the Global UV
Nail Gel Market in the forecast period 2024-2028.
According to
TechSci Research report, “Global UV Nail Gel Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global UV
Nail Gel Market stood at USD 52.41 Million in 2022 and is anticipated to grow
with a CAGR of 5.8% in the forecast period, 2024-2028. The Global UV Nail Gel
Market has evolved significantly, driven by a combination of factors that
reflect shifting consumer preferences and advancements in beauty technology. UV
nail gels, a type of nail polish cured under ultraviolet light, have gained immense
popularity worldwide, offering users a durable, chip-resistant, and glossy
finish that is often associated with professional salon manicures. The market's
growth is propelled by a convergence of trends, drivers, and challenges that
have shaped the industry landscape.
One of the
primary drivers fueling the UV nail gel market's expansion is the global trend
of nail art and self-expression. The rise of social media platforms,
particularly Instagram and Pinterest, has transformed nail art into a form of
creative expression. UV nail gels, with their quick curing time and extended
wear, have become a preferred choice for consumers seeking salon-quality
manicures at home. The market caters to diverse consumer preferences with an
extensive range of colors, finishes, and formulations, allowing individuals to
experiment with unique and intricate designs.
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The convenience
and long-lasting results offered by UV nail gels are another significant driver
of market growth. Traditional nail polishes often require multiple coats and
longer drying times, whereas UV nail gels can be cured rapidly under UV light,
providing efficient and durable results. This feature appeals to busy
individuals and those looking for a low-maintenance beauty routine. The
durability of UV nail gels also addresses common challenges associated with
traditional polishes, such as chipping and peeling, making them an attractive
choice for consumers seeking a manicure with extended wear.
Technological
advancements play a crucial role in shaping the UV nail gel market.
Manufacturers continually invest in research and development to create
innovative formulations that offer improved performance and user experience.
Advanced features like enhanced chip resistance, longer-lasting shine, and easy
removal contribute to the appeal of UV nail gels. As technology evolves, the
market can expect further innovations in formulations, curing processes, and
additional features that enhance the overall user experience.
Rising
disposable income and increased beauty expenditure globally contribute
significantly to the growth of the UV nail gel market. As consumers' purchasing
power expands, there is a willingness to invest in premium beauty products that
offer higher quality and better performance. UV nail gels, considered a premium
product due to their professional finish, align with this trend. Additionally,
the expanding middle class in emerging markets further propels the demand for
beauty products, presenting manufacturers with opportunities for market
penetration and expansion.
While the UV
nail gel market is marked by growth drivers, it also faces challenges that
necessitate strategic considerations. Health and safety concerns related to UV
exposure during the curing process have garnered attention, prompting the
industry to address these issues through clear communication, safety
guidelines, and potential innovations in curing methods. Competition from
traditional nail polishes, pricing and accessibility challenges, environmental
sustainability issues, and DIY application difficulties are among the
challenges that manufacturers need to navigate to maintain and expand market
share.
In conclusion,
the Global UV Nail Gel Market is a dynamic and evolving sector influenced by
consumer trends, technological advancements, and economic factors. The market's
future trajectory will likely be shaped by ongoing innovations, responses to
consumer concerns, and the industry's ability to adapt to changing preferences
and global beauty standards.
The Global UV
Nail Gel Market is segmented into type, application, distribution channel,
regional distribution, and company.
Based on type the
market is segmented into UV Nail Gel Polish, UV Nail Gel Basecoat, UV Nail Gel
Top Coat.
Based on application
the market is segmented into residential and commercial. The Global UV Nail Gel
Market is experiencing heightened demand from the commercial sector,
particularly salons and professional nail care establishments. The superior
durability, extended wear, and professional finish of UV nail gels make them a
preferred choice for commercial use. Salons benefit from the quick curing time,
allowing for increased efficiency in serving clients. The diverse range of
colors and formulations also caters to the evolving beauty standards,
contributing to the substantial uptick in demand from the commercial sector.
Based on distribution
channel the market is segmented into offline and online.
Based on region
the market is segmented into five regions, North America, Europe, Asia Pacific,
Middle East & Africa, and South America.
Major companies
operating in Global UV Nail Gel Market are:
- Chemence Inc.
- Coty Inc.
- Keystone Industries
- ORLY International Inc.
- Revlon Consumer Products Corp.
- Creative Nail Design Inc.
- OPI Products Inc.
- Alessandro International
- Light Elegance
- Shany Cosmetics
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“Increased
emphasis on eco-friendly formulations is a significant trend that is expected
to have an impact on growth over the forecasted period. Growing demand of nail
art and increasing influence of social media will positively impact the Global UV
Nail Gel Market. Due to the wide range of products available to meet specific
needs of, as well as the growing popularity of the online sales channel, the
market is growing at impressive rate through projected period,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“UV Nail Gel Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Type (UV Nail Gel
Polish, UV Nail Gel Basecoat, UV Nail Gel Top Coat), By Application
(Residential, Commercial), By Distribution Channel (Offline, Online), By
Region, By Competition, 2018-2028”, has evaluated the future growth
potential of Global UV Nail Gel Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global UV Nail Gel Market.
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