(MENAFN- Ameliorate Digital Consultancy)
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.
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Growing Number of Working Women Expanding Growth Potential
The number of working women has been steadily increasing over the past few decades, and this trend is expected to continue in the coming years. This is good news for the global economy, as it means that more people are entering the workforce and contributing to economic growth. Women are increasingly taking on roles in traditionally male–dominated industries, such as technology and finance, and this is helping to expand the potential for economic growth.
Women are also playing a larger role in leadership positions, which can help to create a more diverse and inclusive workplace. Additionally, women are often more likely to invest in their own education and training, which can lead to higher wages and greater economic security. All of these factors contribute to a stronger economy overall.
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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 Companies Profiled:
OPI Sally Hansen Armbruster Associates Alessandro Creative Nail Design Shany Cosmetics Light Elegance Nail Art Sheba Nail Crystal Nails UV-Nails
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Key Segments :
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: By Region: North America Latin America Europe APAC MEA
Questionnaire answered in the report include:
How the industry has grown? What is the present and future outlook on the basis of region? What are the challenges and opportunities? Why the consumption in region? In which year segment is expected to overtake segment?
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