Quantcast

Global Nail Polish Market Expected to Reach $15.55 Billion

12/7/2017, 11:12 a.m. | Updated on 12/7/2017, 11:12 a.m.
The growing popularity of nail designs among the young population is likely to fuel the demand over the forecast period.

Global Nail Polish Market Expected to Reach $15.55 Billion

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.

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

The growing popularity of

nail designs among the young

population is likely to fuel the

demand over the forecast

period.

Source: Research and Markets