Global Nail Polish Market Expected to Reach $15.55 Billion
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
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