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UV Nail Gel Market

UV Nail Gel Market Size, Share, Growth, Forecast Analysis, By Type (UV Nail Gel Polish, Basecoats & Top Coats), By Application (Commercial (Salons), Personal), By Chemistry (Methacrylate, Acrylate), By Distribution Channel & Region - Global Market Insights 2022 to 2032

UV Nail Gel Market Outlook (2022-2032)

Worldwide demand for UV nail gel is predicted to increase at a steady CAGR of 5.7% from 2022 to 2032. Currently, the global market for UV nail gel stands at a valuation of US$ 51.5 million and is forecasted to reach US$ 89.7 million by the end of 2032.

High influence of social media influencers and celebrities on the physical appearances of people has led to increased aesthetic awareness among the general population and this is expected to primarily support sales of UV nail gel over the coming years. The increasing interest of the millennial population in nail art and nail care is expected to bolster UV nail gel demand going forward.

UV nail gel polish has several advantages over conventional nail polish such as faster drying time, a long-lasting finish, a wide variety of colours to choose from, and additional protection for the nails themselves. These advantages over other types of nail polish are expected to elevate UV nail gel shipments over the next ten years.

Growing disposable income, increasing aesthetic awareness, rising demand for personal care products, high availability of nail care products, and frequent new launches are other prospects that could potentially drive demand for cosmetic nail products.

  • In May 2022, Sally Hansen, a global leader in the nail care industry unveiled its much-awaited Sally Hansen x Friends collection. The collection features 10 new gel nail polish shades that are named after iconic dialogues and catchphrases from the evergreen hit sitcom Friends.

Developing countries such as India, Brazil, and China are anticipated to provide attractive opportunities for key UV nail gel companies in the global landscape. The market for UV nail gel in China is set to exhibit expansion at a positive CAGR of 7.1% through 2032 and is estimated to account for a revenue valuation of US$ 10 million by the end of the forecast period.

On the flip side, health concerns associated with the use of UV nail gel, such as the risk of skin cancer due to prolonged exposure to UV light and the inability of nails to breathe under the gel coat, are expected to impede market growth over the coming years to some extent.

Demand for durable UV nail gel is expected to be prominent owing to high demand from consumers and the increasing use of nail polish by males is also expected to benefit overall market growth across the forecast period.

Report Attributes

Details

UV Nail Gel Market Size (2022)

US$ 51.5 Million

Projected Market Value (2032F)

US$ 89.7 Million

Global Market Growth Rate (2022-2032)

5.7% CAGR

United States Market Value (2022)

US$ 21 Million

Methacrylate Segment Growth Rate (2022-2032)

5.9% CAGR

China Market Value (2022-2032)

US$ 10 Million

Canada Market Growth Rate (2022-2032)

5.2% CAGR

Key Companies Profiled

  • OPI
  • Sally Hansen
  • Armbruster Associates
  • Alessandro
  • Creative Nail Design
  • Shany Cosmetics
  • Light Elegance
  • Nail Art
  • Sheba Nail
  • Crystal Nails
  • UV-Nails
  • Keystone
  • Chemence

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Will the Increasing Working Women Population Positively Affect UV Nail Gel Sales?

“Growing Working Women Population Promulgating Market Growth Potential”

The world has witnessed a notable increase in the working women population across the world and this trend is anticipated to influentially drive the market potential for UV nail gel in the future. More working women means more purchasing power for these women, which results in increased per capita spending on personal care and cosmetic products and in turn drives the market growth going forward.

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How Can New Entrants Make a Mark in This Competitive Space?

“Aspiring Market Players Could Focus on Use of Natural Ingredients to Make Nail Polish”

Demand for sustainable and organic personal care products has witnessed a notable increase in recent years and this trend is expected to be rife over the coming years as well, which could present new opportunities in the UV nail gel market for upcoming UV nail gel manufacturers and suppliers.

  • In August 2021, OPI, a leading name in the nail care industry announced the launch of its new line of non-GMO, vegan, and all-natural nail polish. The fast-drying nail polish is priced at US$ 11.5 per bottle and lasts for 7 days after application.

New companies could mimic OPI and create new nail polish finishes that are made from natural and organic ingredients that are being preferred by consumers across the world.

Start-ups could also create a lucrative business model by creating products for a custom target audience and then promote expansion into other sects of customers.

  • NITA Cosmetics, a Malaysian brand founded in 2016 by Aznita Azman formulated an innovative peelable nail polish range in varying shades. The products were launched in March 2022, but out of the eight shades launched only four have been sold out. The start-up then figured that the customers are conservative and prefer natural shades and is now motivated to provide the same to increase its sales potential.

Uv nail gel market forecast by Fact.MR

Know thy Competitors

Competitive landscape highlights only certain players
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Country-wise Insights

What Makes the United States an Attractive Market for UV Nail Gel Companies?

“High Consumer Spending Potential & Rising Focus on Aesthetic Appearance”

The industry for UV nail gel in the U.S. is a highly rewarding one at present and is expected to maintain a similar stance across the forecast period. The market in the country is primarily driven by high disposable income and the increasing willingness of people to spend more to look aesthetically pleasing.

Moreover, the high availability of cosmetic nail products, the rising influence of celebrities and social media influencers, and frequent product launches are also expected to boost sales of UV nail gel in the United States. At present, the market for UV nail gel in the U.S. accounts for a sales revenue value of US$ 21 million.

Which Countries Head Demand for UV Nail Gel in Europe?

“France, Italy, United Kingdom, & Germany to Lead European Market Growth”

Demand for UV nail gel in the European region is expected to be led by countries such as Germany and the United Kingdom owing to increasing spending on personal care and growing sales of organic products. The high per capita disposable income of people in the European region is expected to be a common factor for market growth in most European countries.

Shipments of UV nail gel in Germany are predicted to progress at a 5.3% CAGR throughout the forecast period. The flourishing fashion industry and the presence of key beauty and personal care brands in France are also expected to support market growth in this region in the future.

Which Asian Countries Should UV Nail Gel Suppliers Target?

“India, Japan, Korea, & China Noteworthy Markets in APAC Region”

Consumer awareness for personal care products is increasing in economies such as India, Japan, Korea, and China owing to the rising influence of celebrities, social media influencers, and the growing availability of several personal care products. Rising working women population, growing per capita disposable income, increasing demand for nail care, and increasing millennial population are other factors that are slated to drive demand for UV nail gel in the aforementioned countries.

The market for UV nail gel in Korea is anticipated to provide highly attractive business opportunities owing to the rising popularity of Korean personal care brands and increasing demand for Korean brand products across the world.

Meanwhile, the market for UV nail gel in Japan is projected to evolve at a 5.7% CAGR through 2032.

Category-wise Insights

Which Distribution Channel Will Pilot Revenue Generation?

“Online Sales Expected to Account for Substantial Revenue Share”

Based on distribution channel, the market for UV nail gel is segmented into online and offline.

Online sales have increased exponentially across the world in recent years owing to the flourishing e-commerce industry and high penetration of internet infrastructure across the world. Moreover, the rising availability of several products on online channels and the increasing preference of brands to provide direct sales are also expected to favor sales via online distribution channels in the future. However, sales via offline channels are also expected to account for a notable market share and are expected to maintain a similar stance throughout the forecast period.

All the other segments have also been discussed in detail in this latest UV nail gel market report by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Competitive Landscape

Top players in the UV nail gel market are focusing on launching new products to expand their business scope and drive revenue generation capacity. Product innovation is anticipated to play a crucial role for new as well as established UV nail gel manufacturers.

  • Glaize, an upcoming DIY gel nail provider has been making headlines with its unique made-to-measure DIY gel nails. They are exactly like UV nail gel polish but are quick to apply and damage-free as well. Gina Farran founded this company and is expected to take this business further by incorporating more sustainable and bio-sourced materials.

Key Segments in UV Nail Gel Industry Research

  • By Type:

    • UV Nail Gel Polish
    • UV Nail Gel Basecoats
    • UV Nail Gel Top Coats
  • By Application:

    • Commercial (Salons)
    • Personal
  • By Chemistry:

    • Methacrylate
    • Acrylate
    • Others
  • By Distribution Channel:

    • Online
    • Offline
  • By Region:

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

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In 2022, worldwide sales of UV nail gels have reached US$ 51.5 million.

By 2032-end, the market for UV nail gel is slated to attain a US$ 89.7 million value.

Demand for UV nail gel is projected to evolve at 5.7% CAGR through 2032.

Type, application, chemistry, and distribution channel are the key segments covered in this Fact.MR research.

OPI, Sally Hansen, Armbruster Associates, Alessandro, Creative Nail Design, Shany Cosmetics, Light Elegance, Nail Art, and Sheba Nail are key manufacturers of UV nail gel.

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