North America 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: 114    |    Report Code: TIPRE00028693    |    Category: Chemicals and Materials

North America Smart Card Material Market
Buy Now

The smart card material market in North America is expected to grow from US$ 236.24 million in 2021 to US$ 329.41 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028.

 

Smart cards are extensively used in the telecommunication industry. The majorly used smart card in telecommunication industry is subscriber identity module (SIM) or universal integrated circuit card (UICC). This smart cards are manufactured mostly from polyvinyl chloride (PVC) and acrylonitrile butadiene styrene (ABS) materials. The Universal Integrated Circuit Card (UICC) is a new generation of SIM technology used for new wireless network standards. The advancement in the smart card technology for usage in telecommunication has surged form past few years which has resulted in consumption of smart cards in telecommunication industry. Furthermore, the growing healthcare industry is also the major factor in boosting the market. Healthcare organizations across the region are implementing smart heath cards consisting wide variety of features and applications. The acceptance of smart card technology in the healthcare industry for data security, protecting the patient’s personal health information so that only authorized person such as doctors and other medical staff can access it are among the key factors propelling the demand for smart cards in the healthcare industry. Thus, significant growth in the healthcare industry helps in rising the consumption of smart cards, which, in turn, is anticipated to drive the North America smart card materials market during the forecast period.

 

North America is one of the worst affected economies due to the COVID-19 pandemic. The unprecedented rise in the number of COVID-19 cases across the US and Canada and the subsequent lockdown of numerous manufacturing facilities in the countries have negatively influenced the growth of the various markets. The significant disruption in manufacturing has had an impact on the demand for smart card materials in the region. The COVID-19 pandemic has also impacted the retail and hospitality industry. The pandemic’s impact on the retail and hospitality industry was immediate and profound. However, the market is reviving on account of the government's significant measures, such as vaccination drives. Various industries are also overcoming the challenges of supply chain disruptions of their raw materials. Many players are resuming pre-COVID investment plans as businesses gain confidence in stabilizing economies and anticipate increased demand. This is expected to provide the impetus for market growthates.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the smart card material market. The North America smart card material market is expected to grow at a good CAGR during the forecast period.

 

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

North America Smart Card Material Market Segmentation

 

North America Smart Card Material Market – By

Material

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

North America Smart Card Material Market – By Type

  • Contact Cards
  • Contactless Cards
  • Multi-Component Cards

North America Smart Card Material Market – By Application

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

North America Lymphedema Treatment Market- By Country

  • US
  • Canada
  • Mexico

North America Lymphedema Treatment Market-Companies Mentioned

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

North America Smart Card Material Strategic Insights

Strategic insights for the North America 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/north-america-smart-card-material-market-strategic-framework.webp
Get more information on this report

North America Smart Card Material Report Scope

Report Attribute Details
Market size in 2021 US$ 236.24 Million
Market Size by 2028 US$ 329.41 Million
Global CAGR (2021 - 2028) 4.9%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Material
  • Polyvinyl Chloride
  • Polycarbonate
  • Acrylonitrile Butadiene Styrene
  • Polyethylene Terephthalate-Glycol
By Type
  • Contact Cards
  • Contactless Cards
  • Multi-Component Cards
By Application
  • BFSI
  • Government
  • Telecommunication
  • Retail
  • Healthcare
  • Hospitality
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • 3A Composites GmbH
  • BASF SE
  • Eastman Chemical Company
  • LG Chem
  • SABIC
  • Solvay S.A.
  • Teijin Limited
  • Westlake Chemical Corporation
  • Get more information on this report

    North America Smart Card Material Regional Insights

    The geographic scope of the North America 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.

    geography/north-america-smart-card-material-market-geography.webp
    Get more information on this report

    The List of Companies - North America Smart Card Material Market

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

    The North America Smart Card Material Market is valued at US$ 236.24 Million in 2021, it is projected to reach US$ 329.41 Million by 2028.

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

    As per our report North America Smart Card Material Market, the market size is valued at US$ 236.24 Million in 2021, projecting it to reach US$ 329.41 Million by 2028. This translates to a CAGR of approximately 4.9% during the forecast period.

    What segments are covered in this report?

    The North America Smart Card Material Market report typically cover these key segments-

    • Material (Polyvinyl Chloride, Polycarbonate, Acrylonitrile Butadiene Styrene, Polyethylene Terephthalate-Glycol)
    • 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 North America 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 North America Smart Card Material Market report:

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

    The North America 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
  • SABIC
  • Solvay S.A.
  • Teijin Limited
  • Westlake Chemical Corporation
  • Who should buy this report?

    The North America 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 North America Smart Card Material Market value chain can benefit from the information contained in a comprehensive market report.

    Available Report Formats

    pdf-format excel-format pptx-format
    Buy Now