UV Nail Gel Market by Chemistry (Acrylate, Methacrylate, Cyanoacrylate), and Regional Analysis (Asia-Pacific, North America, Europe, and ROW) - Global Trends & Forecasts to 2020
Browse 42 market data tables and 44 figures spread
through 93 pages and in-depth TOC on “UV Nail Gel Market”.
“North America is the key market for
UV nail gel due to the increasing fashion awareness and increase in per capita
income.
North America dominated the UV nail
gel market in 2014 and accounted for over 53% of the market size, in terms of
value. In terms of individual countries, the market is dominated by U.S. on
account of increased demand for innovative and efficient products that can be
applied to the nail care industry. U.K. is the second-largest UV nail gel
consumer in the world. UV nail gel gives a shiny look and has a fast-curing
time. RoW is expected to witness the highest CAGR during the next five years
due the low base effect. However, Asia-Pacific is expected to witness a
prominent growth rate due to the increasing fashion awareness and increase in
per capita income. These factors are expected to help to start a trend of nail
gel use in the region. Asia-Pacific market is expected to be primarily
driven by Japan and China.
The factors driving the growth of UV
nail gel market include the growth of nail care industry and advanced
technology in fashion, affordability and durability, high growth of U.S. nail
care industry and preference of gel over acrylics. This is a developing market
due to growing demand for efficiency and superior properties of UV nail gel.
However, restraints for UV nail gel markets are exposure to UV light, high
competition from major players and use of acetone while removal of nail gels.
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“Methacrylate dominate the UV nail
gel market by chemistry”
Methacrylate is the most commonly
consumed UV nail gel, they accounted for 95% share of the total market size, in
terms of value in 2014. Global demand for UV nail gel is projected to reach
$59.31 Million by 2020 at a CAGR of 6.5% between 2015 and 2020.
They are estimated to continue being
the most consumed UV nail gel with the highest CAGR between 2015 and 2020.
Methacrylate is followed by acrylate with a market share of 5% in the same
year.
The main utility of using UV nail gel
is its durability which is not possible without methacrylate. This is because
it acts as a bonding agent used in artificial nail products.
This in turn increases the demand of
methacrylate.
Competitive scenarios of the top
players in the UV nail gel market have been discussed in detail. We have also
profiled the leading players of this industry with their recent developments
and other strategic industry activities. These top companies include OPI Products Inc. (U.S.), Creative Nail
Design Inc. (U.S.), Chemence Limited (U.K.), Alessandro International
(Germany), Keystone Research and Pharmaceuticals Inc. (U.S.), Light Elegance
(U.S.), among others.
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