Asia Pacific Smart Card Material Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Material [Polyvinyl Chloride (PVC), Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), Polyethylene Terephthalate-Glycol (PETG), and Others], Type (Contact Cards, Contactless Cards, and Multi-Component Cards), and Application (BFSI, Government, Telecommunication, Retail, Healthcare, Hospitality, and Others) 


No. of Pages: 139    |    Report Code: TIPRE00028848    |    Category: Chemicals and Materials

Asia Pacific Smart Card Material Market
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The smart card material market in APAC is expected to grow from US$ 653.60 million in 2021 to US$ 931.63 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028.

 

The smart card technology has widespread use in transport application and covers almost all modes of transportation. The contact and contactless cards are used in the transportation industry to make payments and store information. The usage of smart card is mostly seen in urban transportation systems. The growing population and urbanization has led to increase in the adoption of transportation facilities, and smart cards technology has fastened the transportation services. The rising utilization of smart cards in the transportation industry has created lucrative opportunities for smart cards materials market in the future. The education sector is drastically adopting the smart cards to simplify the administrative task and automate the facility. The contactless smart cards, which works on embedded high-frequency (HF) RFID technology, are used in the educational institutions. The PVC and polyester materials, such as PET and PETG, are used for manufacturing this card due to its durability and long life span so that it can last till the completion of student’s tenure in the institute. Therefore, the growing demand for smart card materials from the transportation and education industry is expected to fuel the market growth during the forecast period.

 

The COVID-19 pandemic is anticipated to cause a significant economic loss in Asia-Pacific. The Asian economies have been hit hard due to the pandemic. The governments of various Asia-Pacific economies are taking possible steps to restrict the spread of the virus by announcing a country-wide lockdown, which directly impacts the growth of industrial sectors. This may impact the demand for smart card materials. Various Industries such as BFSI, retail, hospitality and government sector have hit hard by the pandemic. The growth of smart card materials have affected by dwindling sales of smart cards due to major impact of pandemic on hospitality and modern retail industry. Quarantine measures and the closure of retail stores have suppressed consumer demand. However, various countries from the region have restarted their business activities.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Thus, the APAC smart card material market is expected to grow at a good CAGR during the forecast period.

 

 APAC Smart Card Material Market Revenue and Forecast to 2028 (US$ Million)
 APAC Smart Card Material Market Revenue and Forecast to 2028 (US$ Million)

APAC Smart Card Material Market Segmentation

 

APAC Smart Card Material Market –

by Material

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

APAC Smart Card Material Market – by Type

  • Contact Cards
  • Contactless Cards
  • Multi-Component Cards

APAC Smart Card Material Market – by Application

  • BFSI
  • Government
  • Telecommunication
  • Retail
  • Healthcare
  • Hospitality
  • Others

APAC Lymphedema Treatment Market – by Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

APAC Lymphedema Treatment Market – Companies Mentioned

  • 3A Composites GmbH
  • BASF SE
  • Eastman Chemical Company 
  • LG Chem
  • PetroChina Company Limited
  • SABIC
  • Solvay S.A.
  • Teijin Limited
  • Westlake Chemical Corporation

Asia Pacific Smart Card Material Strategic Insights

Strategic insights for the Asia Pacific Smart Card Material provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/asia-pacific-smart-card-material-market-strategic-framework.webp
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Asia Pacific Smart Card Material Report Scope

Report Attribute Details
Market size in 2021 US$ 653.60 Million
Market Size by 2028 US$ 931.63 Million
Global CAGR (2021 - 2028) 5.2%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Material
  • Polyvinyl Chloride
  • Polycarbonate
  • Acrylonitrile Butadiene Styrene
  • Polyethylene Terephthalate-Glycol
  • Others
By Type
  • Contact Cards
  • Contactless Cards
  • Multi-Component Cards
By Application
  • BFSI
  • Government
  • Telecommunication
  • Retail
  • Healthcare
  • Hospitality
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • 3A Composites GmbH
  • BASF SE
  • Eastman Chemical Company
  • LG Chem
  • PetroChina Company Limited
  • SABIC
  • Solvay S.A.
  • Teijin Limited
  • Westlake Chemical Corporation
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    Asia Pacific Smart Card Material Regional Insights

    The geographic scope of the Asia Pacific Smart Card Material refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    The List of Companies - Asia Pacific Smart Card Material Market

    1. 3A Composites GmbH
    2. BASF SE
    3. Eastman Chemical Company 
    4. LG Chem
    5. PetroChina Company Limited
    6. SABIC
    7. Solvay S.A.
    8. Teijin Limited
    9. Westlake Chemical Corporation
    Frequently Asked Questions
    How big is the Asia Pacific Smart Card Material Market?

    The Asia Pacific Smart Card Material Market is valued at US$ 653.60 Million in 2021, it is projected to reach US$ 931.63 Million by 2028.

    What is the CAGR for Asia Pacific Smart Card Material Market by (2021 - 2028)?

    As per our report Asia Pacific Smart Card Material Market, the market size is valued at US$ 653.60 Million in 2021, projecting it to reach US$ 931.63 Million by 2028. This translates to a CAGR of approximately 5.2% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Smart Card Material Market report typically cover these key segments-

    • Material (Polyvinyl Chloride, Polycarbonate, Acrylonitrile Butadiene Styrene, Polyethylene Terephthalate-Glycol, Others)
    • Type (Contact Cards, Contactless Cards, Multi-Component Cards)
    • Application (BFSI, Government, Telecommunication, Retail, Healthcare, Hospitality)

    What is the historic period, base year, and forecast period taken for Asia Pacific Smart Card Material Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Smart Card Material Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in Asia Pacific Smart Card Material Market?

    The Asia Pacific Smart Card Material Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • 3A Composites GmbH
  • BASF SE
  • Eastman Chemical Company
  • LG Chem
  • PetroChina Company Limited
  • SABIC
  • Solvay S.A.
  • Teijin Limited
  • Westlake Chemical Corporation
  • Who should buy this report?

    The Asia Pacific Smart Card Material Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Smart Card Material Market value chain can benefit from the information contained in a comprehensive market report.

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