Global Cut Resistant Gloves Market Insights and Forecast to 2028
Summary
Market Analysis and Insights: Global Cut Resistant Gloves Market
Due to the COVID-19 pandemic, the global Cut Resistant Gloves market size is estimated to be worth US$ 1279.5 million in 2022 and is forecast to a readjusted size of US$ 1542.6 million by 2028 with a CAGR of 3.17% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Nitrile-Coated accounting for 44.64% of the Cut Resistant Gloves global market in 2021, is projected to value US$ 714.5 million by 2028, growing at a revised 2.91% CAGR from 2022 to 2028. While Automotive Industry segment is altered to 2.46 % CAGR throughout this forecast period.
China Cut Resistant Gloves market size was US$ 52.7 million in 2021, while the US and Europe Cut Resistant Gloves were US$ 515.5 million and US$ 371.4 million, severally. The proportion of the US was 42.51% in 2021, while China and Europe are 4.35% and 30.62% respectively, and it is predicted that China proportion will reach 5.17% in 2028, trailing a CAGR of 5.43 % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR 2.75%, 2.66%, and 5.85 % respectively for the next 6-year period. As for the Europe Cut Resistant Gloves landscape, Germany is projected to reach US$ 121.3 million by 2028 trailing a CAGR of 3.66 % over the forecast period.
The global key manufacturers of Cut Resistant Gloves include Ansell, Honeywell, Mapa, SHOWA Gloves, Arco, 3M, Superior Glove, Magid Glove, and MCR Safety, etc. In 2021, the global top five players hold a share approximately 47.09% in terms of revenue.
Global Cut Resistant Gloves Scope and Segment
Cut Resistant Gloves market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Cut Resistant Gloves market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type, and by Application for the period 2017-2028.
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