Cut-resistant gloves are personal protective equipment specially designed for protecting from sharp objects. These gloves come with a good grip and provide resistance against moisture. With the increase in awareness for worker's safety in mining, oil & gas, construction, manufacturing, and other industries, the demand for cut resistant gloves is increasing. In the chemical industry, gloves help protect the hands from touching harmful chemicals, oils, and grease. The increase of new entrants in the labor-intensive industries will result in a surge in demand for cut resistant gloves. The outbreak of the COVID-19 pandemic has resulted in a drop in demand for cut resistant gloves, as governments all over the globe has to enforce lockdown. The lockdown had halted all the operations in the industries, so the requirement for these gloves had decreased.
COVID-19 Impact analysis
- Countries had to enforce lockdown that halted operations in different labor-intensive industries due to the outbreak of the COVID-19 pandemic. This has decreased the demand for cut resistant gloves. The labor-intensive industries were the bulk buyers of these cut resistant gloves. The cur resistant gloves market saw a dip in production as sufficient labors were not available to continue the production process.
- Disruption in the distribution channel was an important cause as adequate raw materials couldn't reach the industries for production; the delivery of finished products to the dedicated stores was not possible. Consumers had no option to visit the specialized stores or book a pair of gloves through e-commerce websites.
Top Impacting Factors
- The introduction of new industries and the effort to increase production to counter the gap between demand and supply is developing a risk of physical injuries in the labors. Companies are promoting a safe work environment for their employees, for which the employees are provided with cut resistant gloves to avoid any physical hazard. The high demand for gloves in the labor-intensive industries, resulting in the rapid growth of the cut-resistant glove market.
- The risks of allergy in cut resistant gloves are increasing due to the harmful chemicals used in gloves to expand their durability and quality. These gloves contain chemicals which called as an accelerator that makes the rubber latex hard and long-lasting. Labors wearing the gloves for a prolonged time has faced allergies such as rashes, coughing, sneezing and others. Usage of wet gloves is leading to more grave conditions in workers. Due to the risk of allergy, the mainstream demand is shifting towards harmless alternatives.
Market Trends
Increase in product innovation to attract more consumers
Manufacturing companies are investing in R&Ds to improve product quality and reducing the usage of chemicals that leads to serious health issues in workers. The introduction of accelerator free gloves in the market is expected attract customers towards buying and using the product. The improvement in quality in cut resistant gloves is expected increase the life of usage and comfort. The introduction of anti-moisture gloves is changing the scope of growth, as moisture is the prime cause of side effect that occurs while using the gloves. Moisture from the worker's hand reacts with the chemical present in the gloves lead to skin rashes and other allergies. Manufacturing companies are focusing on retaining their customers with the introduction of a new product with added features.
An increase in strategic alliances by the manufacturing industries to increase awareness toward safety
Manufacturing companies are increasing their alliances strategically with the labor-intensive industries and entering into a partnership with the e-commerce giants. The companies are conducting workshops and other seminars to create awareness for safety in the workplace. Companies are introducing the need for cut-resistant gloves and the benefits that a worker gets from using them. These initiatives are increasing the awareness for safety, sales of cut resistant gloves and market growth. These initiatives taken by the cut resistant gloves company is influencing the new entrants of the market to adapt to the safety guidelines for avoiding unfavorable circumstances.
Key Benefits of the Report
- This study presents the analytical depiction of the cut resistant gloves industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cut resistant gloves market share.
- The current market is quantitatively analyzed to highlight the cut resistant gloves market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed cut resistant gloves market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the Report
- Who are the leading market players active in the cut resistant gloves market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Cut Resistant Gloves Market Report Highlights
| Aspects | Details |
 By Material |
|
 By Type |
|
 By Application |
|
 By Distribution Channel |
|
 By Region |
|
 Key Market Players | Kassan Rubber Industries BHD, Ansell Limited, 3M Company., Supermax Corporation Berhad, Kimberly-Clark Corporation, Hartalega Holdings Berhad, Top Glove Corporation BHD, Honeywell International Inc, W.W. Grainger, Inc., Protective Industrial Product, Inc. |
Loading Table Of Content...
