SAN FRANCISCO, October 16, 2017 /PRNewswire/ --
The global nail polish market is expected to
reach USD 15.55 billion by 2024,
growing at a CAGR of 9.5%, according to a new report by Grand View
Research, Inc. The growing popularity of nail designs among the
young population is likely to fuel the demand over the forecast
period.
(Logo:
http://photos.prnewswire.com/prnh/20160524/371361LOGO )
Nail products including enamel/varnish/lacquer is expected to be
the fastest growing color cosmetics segment on account of the
development of innovative textures and effects. The number of
professional salons providing nail care services is increasing
rapidly. New product development and collaborations between
manufacturers and salons are expected to have a positive impact on
market growth. The demand for liquid enamel is estimated to grow at
a steady pace owing to behavioral attributes such as changing
designs frequently and rising beauty awareness.
The consumption of liquid nail polish is high in Europe due to the presence of fashion capitals
such as Paris, London, and Milan. In Latin
America, long and polished nails have become a trend among
the young girls, with Brazil being
the biggest consumer owing to the thriving fashion industry.
Increasing consumer disposable income, rising consciousness among
women regarding their appearance, and popularity of nail art are
expected to have a positive impact on demand over the next eight
years.
Browse full research report with TOC on "Nail
Polish Market Analysis By Product (Liquid, Gel), By Region
(North America, Europe, Asia
Pacific, Central & South
America, Middle East &
Africa), By Country, And Segment
Forecasts, 2013 - 2024" at:
http://www.grandviewresearch.com/industry-analysis/nail-polish-market
Further Key Findings From the Report Suggest:
- Gel polish accounted for a share of 10.1% in 2015 and is
expected to witness considerable growth over the coming years owing
to rising demand for long lasting nail paints
- Liquid polish segment is anticipated to grow at a CAGR of 9.4%
from 2016 to 2024 due to affordability and availability of numerous
colors
- Europe is expected to witness
a CAGR of 9.1% from 2016 to 2024 owing to rapid expansion by
industry participants in the region
- Asia Pacific is the
second-fastest growing region with a CAGR of 10.2% from 2016 to
2024 owing to the presence of a large number of the youth
population
- The market is highly fragmented owing to the presence of a
large number of small and large manufacturers
- Product differentiation on the basis of color shades is being
practiced by a large number of industry participants
Browse related reports by Grand View Research:
- Shoe Deodorizer Market -
http://www.grandviewresearch.com/industry-analysis/shoe-deodorizer-market
- Plant Based Biosurfactants Market -
http://www.grandviewresearch.com/industry-analysis/plant-based-biosurfactants-market
- Polyglycerol Market -
http://www.grandviewresearch.com/industry-analysis/polyglycerol-market
- Keratin Market -
http://www.grandviewresearch.com/industry-analysis/keratin-market
Grand View Research has segmented the nail polish market on
the basis of product and region:
- Nail Polish Product Outlook (Revenue, USD Million,
2013 - 2024)
- Nail Polish Regional Outlook (Revenue, USD Million, 2013
- 2024)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Read Our Blog By Grand View Research:
http://www.grandviewresearch.com/blogs/bulk-chemicals
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company
provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant
and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: http://www.grandviewresearch.com