December 6, 2021 03:48 ET | Source: Research and Market Research and Market

Dublin, December 6, 2021 (Global News Agency)-ResearchAndMarkets.com has added the "UV Nail Gel-Global Market Track and Analysis" report to the products of ResearchAndMarkets.com. By 2026, the global UV nail polish market will reach 65.8 million US dollars

By 2020, the global market for UV nail polish is estimated to be US$47 million, and is expected to reach a revised US$65.8 million by 2026, growing at a CAGR of 5.9% during the analysis period.

Methacrylate is one of the market segments analyzed in the report and is expected to grow at a compound annual growth rate of 5.9% by the end of the analysis period, reaching US$66.9 million. After a thorough analysis of the business impact of the pandemic and the economic crisis it caused, the growth of other chemical sectors was re-adjusted to a revised compound annual growth rate of 4.8% over the next 7 years. This segment currently accounts for 4.9% of the global UV nail gel market.

UV gel nail extension is one of the latest nail extension techniques available. Gel is a unique material that hardens when exposed to ultraviolet light and forms a strong covering on the nail.

The growth of the UV nail polish market is driven by technological development, the growth of the nail care market, the durability and cost-effectiveness of the products, the growth of the American fashion market, and the increase in customer preference 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 technologies, thereby reducing the cost of UV nail polish. The growing interest of customers in the latest fashion trends and new technologies may also bode well for the market.

It is expected that market revenue will also be driven by the rising influence of social media and the increase in the use of family salon services. In addition, the growing interest in nail art is driving the development of the UV nail gel market. The US market in 2021 is estimated to be US$18.5 million, while China is expected to reach US$4.8 million by 2026

It is estimated that by 2021, the U.S. UV nail gel market will reach $18.5 million, and the country’s current share of the global market is 37.97%. China is the world's second largest economy, and the market size is expected to reach 4.8 million U.S. dollars by 2026, with a compound annual growth rate of 7% during the analysis period.

Other notable geographic markets include Japan and Canada, which are expected to grow 5.6% and 5.4%, respectively, during the analysis period. In Europe, Germany is expected to grow at a compound annual growth rate of approximately 5.5%, while other European markets (as defined in the study) will reach US$5.2 million by 2027.

In North America, the strong growth of the fashion industry, the increase in fashion awareness, the surge in demand for nail services, the launch of new gel products, the increase in disposable income and the increase in product innovation are driving market growth. The growing urbanization and expanding middle-class population have contributed to the growth of the Asia-Pacific region. Key topics covered: I. Method II. Executive Summary 1. Market overview

2. Focus on selected players (34 selected players in total)

For more information about this report, please visit https://www.researchandmarkets.com/r/b3h9iv