UV Nail Gel Market

UV Nail Gel Market Size (2024-2029):

The Global UV Nail Gel Market is estimated at US$ 54.53 million in the year 2023 and is projected to reach a revised size of US$ 79.56 million by 2029, growing at a CAGR of 6.5% over the analysis period 2024-2029.

UV gel nails are artificial extensions that are worn on the fingertips and use ultraviolet light to harden the gel during the application process. The gel stays intact for at least three weeks without chipping and gives it a natural look. Due to these properties, UV nail gel is widely employed in the nail care industry. The market growth is driven by expansion in the nail care industry, cutting-edge technology in fashion, affordability, and durability, expansion of the US fashion industry, and preference for gel over acrylics among others.

Market Trends:

The North American region remains the biggest industry for UV nail gel, followed by Europe. The Asia-Pacific market is predicted to see good expansion due to calls from the nail care industry in the region. Methacrylate was a significant kind of chemical employed in the UV nail gel market with close to 95% industry share in value, in 2001.

Market Drivers:

The worldwide UV nail gel market is experiencing adequate expansion due to the growth in the nail care industry, technological advancement, the expansion of the US fashion industry, and the preference gel for in comparison with acrylics. New and better products from suppliers and improved techniques that end up lowering the price of UV nail gel, escalating call for fashion will create new opportunities in the UV nail gel market. The affordability and sustainability associated with the strong expansion of the nail care industry are also driving market demand. The growing fashion industries are the main drivers of the UV nail gel market. Consumer orientation towards new technologies and fashion trends is predicted to drive the worldwide market soon. UV nail gel includes durability and affordable price, which will increase the call for the global UV nail gel market in the near future.

The growing need for durable UV nail gels has led to the development of UV nail gels made from organic or bio-based materials. UV nail gels made from organic materials can be easily cured with advanced LED resources that are safer for human exposure and have lower power consumption than mercury UV lamps. Green UV LED curable nail polish made from bio-renewable materials like vegetable oils and other materials like itaconic acid, rosin gum, and bio-sourced succinic acid is also in the process of being released. This UV nail gel will offer better performance, opacity, chemical properties, pendulum hardness, and shine than petrochemical-based UV nail gels. This increased focus on developing UV nail gels from bio-based materials will be one of the critical trends in the UV nail gel market responsible for the expansion of the market over the next five years.

Market Restraints:

The UV nail gel market is highly fragmented due to the presence of several private-label manufacturers in the Asia Pacific region. Exposure to UV light and the use of acetone to remove nail gel may hamper the expansion of the worldwide UV nail gel market in the future.

Market Opportunities:

The expansion of the nail care sector in the beauty industry in recent years has been significant. This is mainly due to the emergence of innovation and creativity in the field of cosmetic nail products. UV nail gel is one of the new innovations introduced in the industry that aims to provide customers with a wide range of nail beautifying products better than other conventional products. These nail gels offer greater longevity, and flexibility in terms of choice of colors and patterns, and are relatively less damaging to the cuticles and nail bed. UV nail gels are extremely light, less harmful, more natural, resistant to chipping, and safe for the environment. These factors have contributed significantly to the increased absorption of UV nail gel for home users and nail salons. In countries such as the US, Canada, the UK, and France, UV nail gel penetration is higher and the trend is predicted to influence other rapidly urbanizing economies, creating expansion opportunities for the UV nail gel market.

Market Challenges:

The UV nail gel market faces a strong threat of replacing acrylic nail gels because they are more comfortable to wear and available at a relatively lower price. Also, the maintenance cost of UV nail gel is comparatively higher, making it more vulnerable to replacement threats.

REPORT COVERAGE:

Market Segmentation:

UV Nail Gel Market - By Chemistry:

• Acrylate
• Methacrylate
• Cyanoacrylate

Market Regional Analysis:

The UV Nail Gel Market Report includes the segmentation of Regions:

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa 

North America is predicted to experience a strong call for UV nail gel due to the growing fashion trend. Also, North America has established a clientele due to the growing trend of fashion consumers. The increase in people's disposable revenue in Europe also contributed to the largest share of the worldwide UV nail gel market. Brazil is a mature market in terms of the call for UV gel for nails. Also, Asia-Pacific is supposed to provide many opportunities for new manufacturers in the near future.

North America accounted for the highest market share in 2020. Although market expansion in this region will be slower than market expansion in APAC, Europe and South America, the region will account for the largest share of UV nail gel industry throughout the outlook period. The United States is a key market for UV nail gels in this region. The rapid expansion of the fashion industry and the escalating call for nail care services will drive the development of the UV nail gel market in North America. Factors such as the introduction of new gel offerings increased customer spending capacity and augmented product innovations will also support the expansion of the UV nail gel market in this area.

Impact of COVID-19 on the UV Nail Gel Market:

The current coronavirus has changed the face of the beauty industry, and a dig into finance shows that some significant categories have weathered the storm better than others. When the current crisis (COVID-19) started to really take hold in worldwide markets earlier this year, beauty companies around the world went into 'response' mode. And while most companies remain determined to respond, supporting charities and organizations around the world with product and cash donations, restructuring manufacturing operations, and protecting retail personnel, the goal for many has now become long-term survival in a very different post-COVID world. The lasting impact of this ongoing pandemic, combined with health, social and economic crisis, cannot be under-predicted. With months of consumer lockdowns, international travel bans, and closed retail operations, buying and wearing behaviors have changed dramatically in the beauty and personal care industry and sales. they have fallen into many segments of beauty. While the economic impact will affect beauty as a whole, the sections of independent small brands that represent a significant part of the worldwide market could be the hardest hit, a real cause for concern. And a look at how the mega-conglomerates of the cosmetic world are evolving amid all of this begins to reveal the extent of the economic disruption that has caused and will continue to, wreak havoc on the beauty sector.

Market Recent Developments:

• OPI, the world's leading salon brand, announced the launch of Gel Color on the brand's first anniversary in India. The event held at Tote on the Turf in Mumbai saw members of the nail industry enjoy fun activities and experience booths.
• The Nutra Nail brand launched Nutra Nail Gel Perfect, which claims to be the first color gel manicure without UV/LED light for the home.

Market Key Players:

1.  Shany Cosmetics Inc
2. Keystone Research and Pharmaceuticals Inc
3. Crystal Nails
4. Creative Nail Design Inc
5. Alessandro International