Wilmington, Delaware, United States, June 21, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - According to TMR, the cut-resistant glove market is expected to reach US$ 3 billion by 2031. According to market projections, the global market is expected to grow at a CAGR of 6.9% by 2031. Various industries use cut-resistant gloves to ensure safety and maintain hygiene at work, such as the automotive and food industries.
As part of the manufacturing process, these gloves protect workers from contaminating matter. In addition, workers' safety awareness is expected to rise across industries such as mining, construction, oil & gas, and manufacturing.
Health security regulations have encouraged end-use industries to adopt cut-resistant gloves. In addition, a high amount of cut-resistant gloves is needed in the health care industry. The development of improved medical standards is expected to continue to influence the need for cut-resistant gloves in the healthcare industry.
A growing number of manufacturing companies invest in research and development in order to improve the quality of their products and lessen the use of harmful chemicals. Customers will be more likely to purchase and use accelerator-free gloves if they are introduced to the market. Cut-resistant gloves are expected to improve in quality, resulting in greater comfort and longer life.
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Cut-resistant gloves are especially relevant in industries such as food processing, manufacturing, mining, oil and gas, construction, and metal fabrication, among others. Workers in these industries use cutting-resistant gloves to prevent injuries like cuts, punctures, and abrasions. In addition, they provide a strong grip on slippery surfaces, so they're ideal for food handling purposes.
Cut-resistant gloves are also used by some industries as a part of their protective clothing, such as the government, the forest service, and chefs. Cutting-resistant gloves play a vital role in several industrial settings, helping to reduce the risk of occupational injuries and protecting workers.
Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | US$ 1.6 Bn | |
| Estimated Value | US$ 3.0 Bn | |
| Growth Rate - CAGR | 6.9% | |
| Forecast Period | 2023-2031 | |
| No. of Pages | 170 Pages | |
| Market Segmentation | By Type, By Resistant Material, By Coating, By Consumer Group, By Size, Price, By Application, By End-user Industry, By Distribution Channel | |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, South America | |
| Companies Covered | 3M Company, Ansell Limited, Carolina Glove & Safety Company, Delta Plus Group, Gloves Buyer Inc., Honeywell International Inc., Kimberly-Clark Corporation, Magid Glove and Safety Manufacturing Co. LLC, Mechanix Wear Inc., W. W. Grainger Inc. | |
Key Findings of Market Report
- The demand for cut-resistant gloves in the market is likely to grow as reusable gloves become popular in various industrial sectors.
- The market for spectra fiber-resistant material is expected to gain traction due to the excellent weight-to-strength ratio and cut resistance of high-performance polyethylene fiber.
- Unisex cut-resistant gloves are needed as labor in industrial sectors, where both men and women perform these tasks.
- A growing mining industry and a growing healthcare sector are expected to expand the market in the near future.
- Construction applications are likely to increase demand for cut-resistant gloves.
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Global Cut-resistant Gloves: Growth Drivers
- Industry sectors such as oil and gas, construction, metal manufacturing, and equipment manufacturing, are focusing on worker safety, so cut-resistant gloves are becoming more popular. Additionally, manufacturers within the industry are expanding their product portfolios and reaching out across regions to contribute to the market's growth. Innovation and advancement in technology are likely to drive the demand for cut-resistant gloves.
- With an increased demand for cut-resistant gloves across a variety of industries and regions, the cutting glove market is expected to experience considerable growth over the next few years.
- Safety is becoming increasingly important in the workplace, and regulations are becoming more stringent. Protective clothing becomes more prevalent in hazardous work environments.
- A variety of new and innovative cut-resistant materials are being developed due to technological advancements. As workplace safety regulations and protective equipment requirements become more prevalent, the market is also expected to grow. A significant area of potential growth in this market is the development and manufacture of eco-friendly and sustainable cut-resistant gloves.
Global Cut-resistant Gloves: Regional Landscape
- North America holds the largest share of the market during the forecast period due to growing safety awareness and regulations requiring protective gloves in various industries.
- Mining activities are expected to increase and government policies are geared toward worker safety, the Asia-Pacific region is expected to see an increase in demand.
- Increasing adoption of safety gloves in the chemical manufacturing sector will fuel growth in Europe.
- Asia Pacific region gloves demand is anticipated to increase as disposable incomes increase and one-time investments are made in the glove industry.
Global Cut-resistant Gloves Market: Key Players
Global cut-resistant gloves market research provides detailed profiles of companies, including financials, products, and recent developments.
In order to develop innovative products, cut-resistant glove companies spend significant amounts on research and development. Their primary strategies include product portfolio expansion and mergers & acquisitions.
- In March 2023, Ansell Limited opened its new manufacturing facility in Kovai, India, for packing & irradiation operations. A US$ 80 million investment was also made in the company's Greenfield Manufacturing Plant in India. Developing a growth strategy to improve its presence in the region helped the company expand its product portfolio in the market.
- In June 2023, Kite Packaging, a leading online packaging supplier, introduced a polyurethane coated and cut-resistant range of industrial gloves. Suitable for warehousing, automotive and mechanical work, as well as other industries requiring precision and dexterity, these gloves provide maximum grip strength. It adheres to safety standards set by the European Committee for Standardization and is EN 388-compliant, making it safe and high quality.
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Global Cut-resistant Gloves Market: Segmentation
Type
- Reusable
- Disposable
By Resistant Material
- Kevlar Fiber
- Spectra Fiber
- Dyneema Fiber
- Metal Mesh
- Stainless Steel
- Others (Glass Fiber, Basalt, Combined Yarns, etc)
By Coating
- Latex
- Nitrile
- Neoprene
- Leather
- Vinyl
- Polyethylene
- Others (Butyl, Aluminized, etc)
By Consumer Group
- Men
- Women
By Size
- Small
- Medium
- Large
By Price
- Below US$ 100
- US$ 100 - 200
- US$ 200 - 300
- Above US$ 300
By Application
- Chemical
- Mechanical
- Biological
- Thermal
- Construction
- Others (Glass Handling, Metalworking, etc)
By End-user Industry
- Automotive
- Mining
- Machinery & Equipment
- Metal Fabrication
- Healthcare Sector
- Others (Oil & Gas, Food Service Sector, etc)
By Distribution Channel
- Online
- Company Owned Websites
- E-commerce Portals
- Offline
- Hardware Stores
- Specialty Stores
- Others (Hypermarkets/Supermarkets, Independent Retail Stores, etc.)
Regions
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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