Global Nail Polish Market Outlook

The chart displays data for global nail polish market for the years 2018 to 2032, wherein the market size was usd 12.03 billion in the year 2022, and the cagr was estimated to be 4.10% during the forecast period 2023 to 2030. nail polish is a cosmetic product that is used to coat the nails. it is typically made of a mixture of resins, pigments, and solvents. nail polish can be clear, colored, or glittery. it is applied to the nails with a brush and dries to a hard, protective finish. he color of the nail polish is obviously an important consideration. there are a wide variety of colors available, from classic shades like red and pink to more trendy colors like neons and metallics. nail polish can be finished in a variety of ways, including matte, glossy, and shimmery. the finish will affect the overall look of the nails. nail polish can range in price from a few dollars to over $20 per bottle. the price will vary depending on the brand, the quality, and the features of the nail polish. illennials and gen z are increasingly using nail polish as a way to express themselves. these demographics are also more likely to experiment with different colors and finishes, which is driving demand for new nail polish products. ocial media platforms such as instagram and tiktok have helped to popularize nail art. this has led to an increase in the number of people who are interested in trying new nail polish colors and designs. gel nail polish is a type of nail polish that is cured under a uv lamp. this type of nail polish is more durable than traditional nail polish, and it is also more resistant to chipping. the growing popularity of gel nail polish is driving demand for nail polish overall. nail polish manufacturers are expanding their product portfolios to meet the growing demand for new colors, finishes, and formulas. this is leading to increased innovation in the nail polish market. nail salons were forced to close during the pandemic, which led to a decline in the demand for nail polish. nail salons are a major source of sales for nail polish, and their closure had a significant impact on the market. the pandemic has led to an increase in online shopping, which has benefited some beauty products, such as makeup. however, nail polish is not as easy to shop for online as other beauty products, such as makeup. this is because nail polish colors can vary depending on the lighting, and it can be difficult to see how a nail polish color will look on your nails until you try it on. he pandemic has led to a decline in social events, such as weddings, parties, and graduations. these events are typically a major driver of demand for nail polish, as people often get their nails done for these events.