The smart card material market is projected to reach US$ 1,837.78 million by 2028 from US$ 1324.57 million in 2021; it is expected to grow at a CAGR of 4.8% from 2021 to 2028.
A smart card, a type of chip card, is a plastic card that contains an embedded computer chip either a memory or microprocessor type which stores and transacts data. This data is usually associated with either value or information, or both, which is stored and processed within the chip. Smart card materials refer to chemical materials that are utilized in the manufacturing of these cards. These materials support the embedding and printing of information over them.
In 2020, Asia Pacific held the largest share of the global smart card material market. The demand for smart card materials in this region is increasing due to the growing use of smart cards in the telecommunications sector. Additionally, the rising globalization trend; and the proliferating banking, financial services, and insurance (BFSI) industry are key factors favoring the smart card material market growth in the region.
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Smart Card Material Market: Strategic Insights
Market Size Value in US$ 1324.57 million in 2021 Market Size Value by US$ 1,837.78 million by 2028 Growth rate CAGR of 4.8% from 2021 to 2028. Forecast Period 2021-2028 Base Year 2021
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Smart Card Material Market: Strategic Insights
| Market Size Value in | US$ 1324.57 million in 2021 |
| Market Size Value by | US$ 1,837.78 million by 2028 |
| Growth rate | CAGR of 4.8% from 2021 to 2028. |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Smart Card Material Market
The ongoing COVID-19 pandemic has drastically altered the status of the chemical and materials sector and impacted the growth of the smart card materials market.The significant decline in the performances of several industrial sectors has impacted the demand for smart card materials. The impact of the pandemic varies across the different application segments. A surge in the data traffic and voice services has benefitted many telecom players, including broadband and mobile data center operators. However, the lockdown measures imposed by governments disturbed the supply chains of raw materials such as PVS, ABS, and PETG required for smart card manufacturing. The disease spread has adversely affected the operations in the government and BFSI sectors. However, as the economies are planning to revive their operations, the demand for smart card materials is expected to rise globally in the coming years.
Market Insights
Significant Growth in Telecommunications and Healthcare Sectors
Smart cards are extensively used in the telecommunications sector. The most prominent use of smart cards in this sector is in the form of subscriber identity module (SIM) cards or universal integrated circuit cards (UICC). These smart cards are manufactured mostly from polyvinyl chloride (PVC) and acrylonitrile butadiene styrene (ABS) materials. The smart card technology used in applications in this sector has undergone continuous advancements in the last several years, which has boosted the consumption of these cards. Further, healthcare organizations across the world are implementing smart health cards with a wide range of features and applications.
Smart Card Material Market Report Scope
Application Insights
Based on application, the smart card material market is segmented into BFSI, government, telecommunication, retail, healthcare, hospitality, and others. The telecommunications segment held the largest share of the smart card material marketin 2020. Smart card is used as prepaid (stored value memory cards) telephone cards and microprocessor smart card-based SIM cards or UICC in mobile phones. The most selling smart card products in this sector are SIM and UICC, in terms of volume and value.
A few of the players operating in the global smart card material market include Eastman Chemical Company, PetroChina Company Limited, Solvay S.A., KEM ONE, SABIC, 3A Composites GmbH, Teijin Limited, LG Chem, BASF SE, and Westlake Chemical Corporation.
Report Spotlights
- Progressive industry trends in the smart card material market to help players develop effective long-term strategies
- Business growth strategies adopted by companies operating in developed and developing markets
- Quantitative analysis of the smart card material market from 2019 to 2028
- Estimation of global demand for smart card materials
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the smart card material market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the smart card material marketgrowth
- The size of the smart card material market size at various nodes
- Detailed overview and segmentation of the market, as well as the smart card material industry dynamics
- Size of the smart card material market in various regions with promising growth opportunities
Smart Card Material Market
By Material
- Polyvinyl Chloride (PVC)
- Polycarbonate (PC)
- Acrylonitrile Butadiene Styrene (ABS)
- Polyethylene Terephthalate-Glycol (PETG)
- Others
By Type
- Contact Cards
- Contactless Cards
- Multi-Component Cards
By Application
- BFSI
- Government
- Telecommunication
- Retail
- Healthcare
- Hospitality
- Others
Company Profiles
- Eastman Chemical Company
- PetroChina Company Limited
- Solvay S.A.
- KEM ONE
- SABIC
- 3A Composites GmbH
- Teijin Limited
- LG Chem
- BASF SE
- Westlake Chemical Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material, Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The contactless cards segment is the fastest growing segment in the global smart card material market during the forecasted period. Contactless cards are the smart cards with contactless credentials and have a size like credit cards or debit cards. The market for the contactless cards segment is growing due to its various benefits.
The telecommunication segment held the largest share of the market in 2021. In the telecommunication industry, smart cards are used in two primary applications. Firstly, it is used as prepaid (stored value memory cards) telephone cards and as the microprocessor smart card-based subscriber identity module (SIM) or universal integrated circuit card (UICC) in mobile phones.
The contact cards segment held the largest share of the market in 2021. Contact cards are the smart cards that have a size like conventional debit and credit card. Contact smart card contains a single, embedded, and integrated circuit chip that consists of either memory or memory plus microprocessor.
The polyvinyl chloride segment held the largest share of the global smart card material market in 2021. Polyvinyl chloride is the most common and strong plastic material used for card manufacturing. The material is used for contact and contactless cards.
The major players operating in the global smart card material market are Eastman Chemical Company; PetroChina Company Limited; Solvay S.A.; KEM ONE; SABIC; 3A Composites GmbH; Teijin Limited; LG Chem; BASF SE; and Westlake Chemical Corporation; among others.
In 2021, Asia Pacific held the largest share of the global smart card material market. The major factor driving the smart card materials market in the Asia Pacific region is the increasing use of smart cards in various applications such as government, transportation, retail, and education sectors.
1. Introduction 19
1.1 Study Scope. 19
1.2 The Insight Partners Research Report Guidance. 19
1.3 Market Segmentation. 20
1.3.1 Smart Card Material Market, by Material 21
1.3.2 Smart Card Material Market, by Type. 22
1.3.3 Smart Card Material Market, by Application. 22
1.3.4 Smart Card Material Market, by Geography. 22
2. Key Takeaways 24
3. Research Methodology 28
3.1 Scope of the Study. 28
3.2 Research Methodology. 28
3.2.1 Data Collection: 29
3.2.2 Primary Interviews: 29
3.2.3 Hypothesis formulation: 30
3.2.4 Macro-economic factor analysis: 30
3.2.5 Developing base number: 30
3.2.6 Data Triangulation: 30
3.2.7 Country level data: 31
4. Smart Card Material Market Landscape 32
4.1 Market Overview. 32
4.2 Porter's Five Forces Analysis. 33
4.3 Ecosystem Analysis. 35
4.4 Expert Opinion. 36
5. Smart Card Material Market – Key Market Dynamics 37
5.1 Market Drivers. 37
5.1.1 Significant Growth in Telecommunication and Healthcare Industry. 37
5.1.2 Rapid Growth of Various End-use Industries. 37
5.2 Market Restraints. 38
5.2.1 Harmful Effects of Plastic Materials like PVC and PC.. 38
5.3 Market Opportunities. 38
5.3.1 Growing Demand from Transportation and Education Industry. 38
5.4 Future Trends. 39
5.4.1 Increasing Focus on Development of Bio-based Smart Card Materials. 39
5.5 Impact Analysis. 39
6. Smart Card Material – Global Market Analysis 40
6.1 Smart Card Material Market Overview. 40
6.2 Smart Card Material Market –Revenue and Forecast to 2028 (US$ Mn) 41
6.3 Market Positioning. 42
7. Smart Card Materials Market – Geographic Analysis 43
7.1 Overview. 43
7.2 North America: Smart Card Materials Market 43
7.2.1 North America: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 44
7.2.2 North America: Smart Card Materials Market, by Material 44
7.2.3 North America: Smart Card Materials Market, by Type. 45
7.2.4 North America: Smart Card Materials Market, by Application. 46
7.2.5 North America: Smart Card Materials Market, by Key Country. 47
7.2.5.1 US: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 47
7.2.5.1.1 US: Smart Card Materials Market, by Material 48
7.2.5.1.2 US: Smart Card Materials Market, by Type. 48
7.2.5.1.3 US: Smart Card Materials Market, by Application. 49
7.2.5.2 Canada: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 49
7.2.5.2.1 Canada: Smart Card Materials Market, by Material 50
7.2.5.2.2 Canada: Smart Card Materials Market, by Type. 50
7.2.5.2.3 Canada: Smart Card Materials Market, by Application. 51
7.2.5.3 Mexico: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 51
7.2.5.3.1 Mexico: Smart Card Materials Market, by Material 52
7.2.5.3.2 Mexico: Smart Card Materials Market, by Type. 52
7.2.5.3.3 Mexico: Smart Card Materials Market, by Application. 53
7.3 Europe: Smart Card Materials Market 54
7.3.1 Europe: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 54
7.3.2 Europe: Smart Card Materials Market, by Material 55
7.3.3 Europe: Smart Card Materials Market, by Type. 56
7.3.4 Europe: Smart Card Materials Market, by Application. 57
7.3.5 Europe: Smart Card Materials Market, by Key Country. 58
7.3.5.1 Germany: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 58
7.3.5.1.1 Germany: Smart Card Materials Market, by Material 59
7.3.5.1.2 Germany: Smart Card Materials Market, by Type. 59
7.3.5.1.3 Germany: Smart Card Materials Market, by Application. 60
7.3.5.2 France: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 60
7.3.5.2.1 France: Smart Card Materials Market, by Material 61
7.3.5.2.2 France: Smart Card Materials Market, by Type. 61
7.3.5.2.3 France: Smart Card Materials Market, by Application. 62
7.3.5.3 Italy: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 62
7.3.5.3.1 Italy: Smart Card Materials Market, by Material 63
7.3.5.3.2 Italy: Smart Card Materials Market, by Type. 63
7.3.5.3.3 taly: Smart Card Materials Market, by Application. 64
7.3.5.4 United Kingdom: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 64
7.3.5.4.1 United Kingdom: Smart Card Materials Market, by Material 65
7.3.5.4.2 United Kingdom: Smart Card Materials Market, by Type. 65
7.3.5.4.3 United Kingdom: Smart Card Materials Market, by Application. 66
7.3.5.5 Russia: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 66
7.3.5.5.1 Russia: : Smart Card Materials Market, by Material 67
7.3.5.5.2 Russia: : Smart Card Materials Market, by Type. 67
7.3.5.5.3 Russia: : Smart Card Materials Market, by Application. 68
7.3.5.6 Rest of Europe: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 68
7.3.5.6.1 Rest of Europe: Smart Card Materials Market, by Material 69
7.3.5.6.2 Rest of Europe: Smart Card Materials Market, by Type. 69
7.3.5.6.3 Rest of Europe: Smart Card Materials Market, by Application. 70
7.4 Asia Pacific: Smart Card Materials Market 71
7.4.1 Asia Pacific: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 71
7.4.2 Asia Pacific: Smart Card Materials Market, by Material 72
7.4.3 Asia Pacific: Smart Card Materials Market, by Type. 73
7.4.4 Asia Pacific: Smart Card Materials Market, by Application. 74
7.4.5 Asia Pacific: Smart Card Materials Market, by Key Country. 75
7.4.5.1 Australia: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 75
7.4.5.1.1 Australia: Smart Card Materials Market, by Material 76
7.4.5.1.2 Australia: Smart Card Materials Market, by Type. 76
7.4.5.1.3 Australia: Smart Card Materials Market, by Application. 77
7.4.5.2 China: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 77
7.4.5.2.1 China: Smart Card Materials Market, by Material 78
7.4.5.2.2 China: Smart Card Materials Market, by Type. 78
7.4.5.2.3 China: Smart Card Materials Market, by Application. 79
7.4.5.3 India: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 79
7.4.5.3.1 India: Smart Card Materials Market, by Material 80
7.4.5.3.2 India: Smart Card Materials Market, by Type. 80
7.4.5.3.3 India: Smart Card Materials Market, by Application. 81
7.4.5.4 Japan: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 81
7.4.5.4.1 Japan: Smart Card Materials Market, by Material 82
7.4.5.4.2 Japan: Smart Card Materials Market, by Type. 82
7.4.5.4.3 Japan: Smart Card Materials Market, by Application. 83
7.4.5.5 South Korea: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 83
7.4.5.5.1 South Korea: Smart Card Materials Market, by Material 84
7.4.5.5.2 South Korea: Smart Card Materials Market, by Type. 84
7.4.5.5.3 South Korea: Smart Card Materials Market, by Application. 85
7.4.5.6 Rest of Asia Pacific: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 85
7.4.5.6.1 Rest of Asia Pacific: Smart Card Materials Market, by Material 86
7.4.5.6.2 Rest of Asia Pacific: Smart Card Materials Market, by Type. 86
7.4.5.6.3 Rest of Asia Pacific: Smart Card Materials Market, by Application. 87
7.5 Middle East and Africa: Smart Card Materials Market 88
7.5.1 Middle East and Africa: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 88
7.5.2 Middle East and Africa: Smart Card Materials Market, by Material 89
7.5.3 Middle East and Africa: Smart Card Materials Market, by Type. 90
7.5.4 Middle East and Africa: Smart Card Materials Market, by Application. 91
7.5.5 Middle East and Africa: Smart Card Materials Market, by Key Country. 92
7.5.5.1 South Africa: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 92
7.5.5.1.1 South Africa: Smart Card Materials Market, by Material 93
7.5.5.1.2 South Africa: Smart Card Materials Market, by Type. 93
7.5.5.1.3 South Africa: Smart Card Materials Market, by Application. 94
7.5.5.2 Saudi Arabia: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 94
7.5.5.2.1 Saudi Arabia: Smart Card Materials Market, by Material 95
7.5.5.2.2 Saudi Arabia: Smart Card Materials Market, by Type. 95
7.5.5.2.3 Saudi Arabia: Smart Card Materials Market, by Application. 96
7.5.5.3 UAE: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 96
7.5.5.3.1 UAE: Smart Card Materials Market, by Material 97
7.5.5.3.2 UAE: Smart Card Materials Market, by Type. 97
7.5.5.3.3 UAE: Smart Card Materials Market, by Application. 98
7.5.5.4 Rest of MEA: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 98
7.5.5.4.1 Rest of MEA: Smart Card Materials Market, by Material 99
7.5.5.4.2 Rest of MEA: Smart Card Materials Market, by Type. 99
7.5.5.4.3 Rest of MEA: Smart Card Materials Market, by Application. 100
7.6 South America: Smart Card Materials Market 101
7.6.1 South America: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 101
7.6.2 South America: Smart Card Materials Market, by Material 102
7.6.3 South America: Smart Card Materials Market, by Type. 103
7.6.4 South America: Smart Card Materials Market, by Application. 104
7.6.5 South America: Smart Card Materials Market, by Key Country. 105
7.6.5.1 Brazil: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 105
7.6.5.1.1 Brazil: Smart Card Materials Market, by Material 106
7.6.5.1.2 Brazil: Smart Card Materials Market, by Type. 106
7.6.5.1.3 Brazil: Smart Card Materials Market, by Application. 107
7.6.5.2 Argentina: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 107
7.6.5.2.1 Argentina: Smart Card Materials Market, by Material 108
7.6.5.2.2 Argentina: Smart Card Materials Market, by Type. 108
7.6.5.2.3 Argentina: Smart Card Materials Market, by Application. 109
7.6.5.3 Rest of South America: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 109
7.6.5.3.1 Rest of South America: Smart Card Materials Market, by Material 110
7.6.5.3.2 Rest of South America: Smart Card Materials Market, by Type. 110
7.6.5.3.3 Rest of South America: Smart Card Materials Market, by Application. 111
8. Company Profiles 112
8.1 Eastman Chemical Company. 112
8.1.1 Key Facts. 112
8.1.2 Business Description. 112
8.1.3 Products and Services. 112
8.1.4 Financial Overview.. 113
8.1.5 SWOT Analysis. 115
8.1.6 Key Developments. 115
8.2 PetroChina Company Limited. 116
8.2.1 Key Facts. 116
8.2.2 Business Description. 116
8.2.3 Products and Services. 116
8.2.4 Financial Overview.. 117
8.2.5 SWOT Analysis. 119
8.2.6 Key Developments. 119
8.3 Solvay S.A. 120
8.3.1 Key Facts. 120
8.3.2 Business Description. 120
8.3.3 Products and Services. 120
8.3.4 Financial Overview.. 121
8.3.5 SWOT Analysis. 122
8.3.6 Key Developments. 123
8.4 KEM ONE. 124
8.4.1 Key Facts. 124
8.4.2 Business Description. 124
8.4.3 Products and Services. 124
8.4.4 Financial Overview.. 124
8.4.5 SWOT Analysis. 125
8.4.6 Key Developments. 125
8.5 SABIC. 126
8.5.1 Key Facts. 126
8.5.2 Business Description. 126
8.5.3 Products and Services. 126
8.5.4 Financial Overview.. 127
8.5.5 SWOT Analysis. 128
8.5.6 Key Developments. 128
8.6 3A Composites GmbH. 129
8.6.1 Key Facts. 129
8.6.2 Business Description. 129
8.6.3 Products and Services. 129
8.6.4 Financial Overview.. 129
8.6.5 SWOT Analysis. 130
8.6.6 Key Developments. 130
8.7 Teijin Limited. 131
8.7.1 Key Facts. 131
8.7.2 Business Description. 131
8.7.3 Products and Services. 131
8.7.4 Financial Overview.. 131
8.7.5 SWOT Analysis. 133
8.7.6 Key Developments. 133
8.8 LG Chem.. 134
8.8.1 Key Facts. 134
8.8.2 Business Description. 134
8.8.3 Products and Services. 134
8.8.4 Financial Overview.. 135
8.8.5 SWOT Analysis. 136
8.8.6 Key Developments. 137
8.9 BASF SE. 138
8.9.1 Key Facts. 138
8.9.2 Business Description. 138
8.9.3 Products and Services. 138
8.9.4 Financial Overview.. 139
8.9.5 SWOT Analysis. 141
8.9.6 Key Developments. 141
8.10 Westlake Chemical Corporation. 142
8.10.1 Key Facts. 142
8.10.2 Business Description. 142
8.10.3 Products and Services. 142
8.10.4 Financial Overview.. 143
8.10.5 SWOT Analysis. 144
8.10.6 Key Developments. 144
9. Appendix 145
9.1 About The Insight Partners. 145
9.2 Glossary of Terms. 145
LIST OF TABLES
Table 1. Smart Card Material Market –Revenue and Forecast to 2028 (US$ Mn) 41
Table 2. North America Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 45
Table 3. North America Smart Card Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 45
Table 4. North America Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 46
Table 5. US Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 48
Table 6. US Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 48
Table 7. US Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 49
Table 8. Canada: Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 50
Table 9. Canada Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 50
Table 10. Canada Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 51
Table 11. Mexico Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 52
Table 12. Mexico Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 52
Table 13. Mexico Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 53
Table 14. Europe Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 55
Table 15. Europe Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 56
Table 16. Europe Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 57
Table 17. Germany Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 59
Table 18. Germany Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 59
Table 19. Germany Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 60
Table 20. France Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 61
Table 21. France Smart Card Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 61
Table 22. France Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 62
Table 23. Italy Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 63
Table 24. Italy Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 63
Table 25. Italy Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 64
Table 26. United Kingdom Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 65
Table 27. United Kingdom Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 65
Table 28. United Kingdom Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 66
Table 29. Russia : Smart Card Materials Market, by Material– Revenue and Forecast to 2028 (USD Million) 67
Table 30. Russia : Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 67
Table 31. Russia : Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 68
Table 32. Rest of Europe Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 69
Table 33. Rest of Europe Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 69
Table 34. Rest of Europe Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 70
Table 35. Asia Pacific Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 72
Table 36. Asia Pacific Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 73
Table 37. Asia Pacific Smart Card Materials Market, by Application– Revenue and Forecast to 2028 (USD Million) 74
Table 38. Australia Smart Card Materials Market, by Material– Revenue and Forecast to 2028 (USD Million) 76
Table 39. Australia Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 76
Table 40. Australia Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 77
Table 41. China Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 78
Table 42. China Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 78
Table 43. China Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 79
Table 44. India Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 80
Table 45. India Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 80
Table 46. India Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 81
Table 47. Japan Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 82
Table 48. Japan Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 82
Table 49. Japan Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 83
Table 50. South Korea Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 84
Table 51. South Korea Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 84
Table 52. South Korea Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 85
Table 53. Rest of Asia Pacific Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 86
Table 54. Rest of Asia Pacific Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 86
Table 55. Rest of Asia Pacific Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 87
Table 56. Middle East and Africa Smart Card Materials Market, by Material– Revenue and Forecast to 2028 (USD Million) 89
Table 57. Middle East and Africa Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 90
Table 58. Middle East and Africa Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 91
Table 59. South Africa Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 93
Table 60. South Africa Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 93
Table 61. South Africa Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 94
Table 62. Saudi Arabia Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 95
Table 63. Saudi Arabia Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 95
Table 64. Saudi Arabia Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 96
Table 65. UAE Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 97
Table 66. UAE Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 97
Table 67. UAE Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 98
Table 68. Rest of MEA Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 99
Table 69. Rest of MEA Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 99
Table 70. Rest of MEA Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 100
Table 71. South America Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 102
Table 72. South America Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 103
Table 73. South America Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 104
Table 74. Brazil Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 106
Table 75. Brazil Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 106
Table 76. Brazil Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 107
Table 77. Argentina Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 108
Table 78. Argentina Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 108
Table 79. Argentina Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 109
Table 80. Rest of South America Smart Card Materials Market, by Material – Revenue and Forecast to 2028 (USD Million) 110
Table 81. Rest of South America Smart Card Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 110
Table 82. Rest of South America Smart Card Materials Market, by Application – Revenue and Forecast to 2028 (USD Million) 111
Table 83. Glossary of Terms, Global Smart Card Material Market 145
LIST OF FIGURES
Figure 1. Smart Card Material Market Segmentation. 20
Figure 2. Smart Card Material Market Segmentation – By Geography. 21
Figure 3. Global Smart Card Material Market Overview. 24
Figure 4. Global Smart Card Material Market, By Application. 25
Figure 5. Global Smart Card Material Market, by Geography. 26
Figure 6. Global Smart Card Material Market, Industry Landscape. 27
Figure 7. Porter's Five Forces Analysis. 33
Figure 8. Ecosystem: Smart Card Materials Market 35
Figure 9. Expert Opinion. 36
Figure 10. Global Smart Card Material Market Impact Analysis of Drivers and Restraints. 39
Figure 11. Geographic Overview of Smart Card Material Market 40
Figure 12. Smart Card Material Market – Revenue and Forecast to 2028 (US$ Mn) 41
Figure 13. Global Smart Card Materials Market Revenue Share, by Region (2020 and 2028) 43
Figure 14. North America: Smart Card Materials Market – Revenue and Forecast to 2028 (US$ Million) 44
Figure 15. North America: Smart Card Materials Market Revenue Share, by Material (2020 and 2028) 44
Figure 16. North America: Smart Card Materials Market Revenue Share, by Type (2020 and 2028) 45
Figure 17. North America: Smart Card Materials Market Revenue Share, by Application (2020 and 2028) 46
Figure 18. North America: Smart Card Materials Market Revenue Share, by Key Country (2020 and 2028) 47
Figure 19. US: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 47
Figure 20. Canada: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 49
Figure 21. Mexico: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 51
Figure 22. Europe: Smart Card Materials Market – Revenue and Forecast to 2028 (US$ Million) 54
Figure 23. Europe: Smart Card Materials Market Revenue Share, by Material (2020 and 2028) 55
Figure 24. Europe: Smart Card Materials Market Revenue Share, by Type (2020 and 2028) 56
Figure 25. Europe: Smart Card Materials Market Revenue Share, by Application (2020 and 2028) 57
Figure 26. Europe: Smart Card Materials Market Revenue Share, by Key Country (2020 and 2028) 58
Figure 27. Germany: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 58
Figure 28. France: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 60
Figure 29. Italy: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 62
Figure 30. United Kingdom: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 64
Figure 31. Russia: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 66
Figure 32. Rest of Europe: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 68
Figure 33. Asia Pacific: Smart Card Materials Market – Revenue and Forecast to 2028 (US$ Million) 71
Figure 34. Asia Pacific: Smart Card Materials Market Revenue Share, by Material (2020 and 2028) 72
Figure 35. Asia Pacific: Smart Card Materials Market Revenue Share, by Type (2020 and 2028) 73
Figure 36. Asia Pacific: Smart Card Materials Market Revenue Share, by Application (2020 and 2028) 74
Figure 37. Asia Pacific: Smart Card Materials Market Revenue Share, by Key Country (2020 and 2028) 75
Figure 38. Australia: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 75
Figure 39. China: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 77
Figure 40. India: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 79
Figure 41. Japan: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 81
Figure 42. South Korea: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 83
Figure 43. Rest of Asia Pacific: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 85
Figure 44. Middle East and Africa: Smart Card Materials Market – Revenue and Forecast to 2028 (US$ Million) 88
Figure 45. Middle East and Africa: Smart Card Materials Market Revenue Share, by Material (2020 and 2028) 89
Figure 46. Middle East and Africa: Smart Card Materials Market Revenue Share, by Type (2020 and 2028) 90
Figure 47. Middle East and Africa: Smart Card Materials Market Revenue Share, by Application (2020 and 2028) 91
Figure 48. Middle East and Africa: Smart Card Materials Market Revenue Share, by Key Country (2020 and 2028) 92
Figure 49. South Africa: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 92
Figure 52. Rest of MEA: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 98
Figure 53. South America: Smart Card Materials Market – Revenue and Forecast to 2028 (US$ Million) 101
Figure 54. South America: Smart Card Materials Market Revenue Share, by Material (2020 and 2028) 102
Figure 55. South America: Smart Card Materials Market Revenue Share, by Type (2020 and 2028) 103
Figure 56. South America: Smart Card Materials Market Revenue Share, by Application (2020 and 2028) 104
Figure 57. South America: Smart Card Materials Market Revenue Share, by Key Country (2020 and 2028) 105
Figure 58. Brazil: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 105
Figure 59. Argentina: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 107
Figure 60. Rest of South America: Smart Card Materials Market –Revenue and Forecast to 2028 (US$ Million) 109
The List of Companies - Smart Card Materials Market
- Eastman Chemical Company
- PetroChina Company Limited
- Solvay S.A.
- KEM ONE
- SABIC
- 3A Composites GmbH
- Teijin Limited
- LG Chem
- BASF SE
- Westlake Chemical Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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