Smart Card Materials Market Top Competitors are Eastman Chemical Company, SK chemicals, PetroChina Company Limited, Solvay, Westlake Chemical Corporation, SABIC, Koninklijke DSM N.V., TEIJIN LIMITED, LG Chem

The Smart Card Materials Market report has been prepared to bring about comprehensive analysis of the market structure along with forecast of the different segments and sub-segments of the market. The Smart Card Materials Market report has been formulated to bring about comprehensive analysis of the market structure along with forecast of the different segments and sub-segments of the market. Analysis of consumer needs by major regions, types, applications in Global market by considering the past, present and future state of the industry has been conducted. The report is prepared based on the market type, size of the organization, availability on-premises and the end-users’ organization type.

Furthermore, the Smart Card Materials Market report contains company profile, product specifications, production value, market shares and contact information of manufacturers or companies. Emerging trends along with major drivers, challenges and opportunities in the market are also identified and analysed in this report. The Smart Card Materials Market research report is a resource, which provides current as well as upcoming technical and financial details of the industry to 2026. The company profiles of all the key players and brands that are dominating the market have been offered in this report. Thus, for better decision making and thriving business growth, the data and information covered in Smart Card Materials Market report is very imperative.

Global Smart Card Materials Market is estimated to rise from its initial estimated value of USD 996.77 million in 2018 to an estimated value of USD 1338.14 million by 2026, registering a CAGR of 3.75% in the forecast period of 2019-2026. This rise in market value can be attributed to the growth in the demand of smart cards.

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Key Market Competitors: Global Smart Card Materials Market

Few of the major competitors currently working in smart card materials market are

• Eastman Chemical Company,
• SK chemicals,
• PetroChina Company Limited,
• Solvay,
• Westlake Chemical Corporation,
• SABIC,
• Koninklijke DSM N.V.,
• TEIJIN LIMITED,
• LG Chem,
• Formosa Plastics Corporation,
• BASF SE,
• 3M,
• DuPont

Key Developments in the Market:

• In November 2017, CARDIS organized the 16th Smart Card and Advanced Application Conference in Lugano, Switzerland from 13-15thNovember, 2017.

• In August 2016, Westlake Chemical Corporation announced that they had completed the acquisition of Axiall Corporation, with the acquisition providing Westlake the capabilities of being the second largest producer of PVC in North America region.

Market Definition:

Smart card materials are the chemical components that are used for the production of smart cards. These materials are used to manufacture whole of the card body. These materials enable the manufacturers of the cards to print and enhance the strength of their cards. These materials also help in improving the life of these smart cards.

Market Drivers:

• Growth in adoption of cashless transactions and promotion of usage of smart cards for transactional purposes is expected to be one of the major drivers for the market growth

• Significant demand and growth in application of smart cards from various end-users is expected to be one of the major drivers for the market growth

Market Restraints:

• Fluctuations in prices of raw materials that is used for the production of materials used in smart cards is expected to restrain the market growth

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Segmentation:

• By Material

o Polyvinyl Chloride (PVC)
o Polycarbonate (PC)
o Acrylonitrile Butadiene Styrene (ABS)
o Polyethylene Terephthalate Glycol (PETG)
o Others

 Paper
 Holographic Foil
 Teslin
 Polylactic Acid (PLA)

• By Type

o Contact Cards
o Contactless Cards
o Multi-Component Cards

• By Application

o Banking, Financial Services & Insurance (BFSI)
o Government
o Telecommunication
o Retail
o Healthcare
o Hospitality
o Others

• By Geography

o North America
o South America
o Europe
o Asia-Pacific
o Middle East and Africa

Competitive Analysis:

Global smart card materials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart card materials market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved

Table of Content: Global Smart Card Materials Market

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Global Smart Card Materials Market Landscape

Part 04: Global Smart Card Materials Market Sizing

Part 05: Global Smart Card Materials Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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