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Jan. 13, 2020, 4:08 a.m. EST

Smart Card Material Market 2020 Global Leading Players, Business Prospects, Forthcoming Developments and Future Investments by Forecast to 2026| Eastman Chemical Company, SK chemicals, PetroChina Company Limited, Solvay, Westlake Chemical Corporation

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Jan 13, 2020 (The Expresswire) -- Global Smart Card Material Market, By Material (PVC, PC, ABS, PETG, Others), Type (Contact Cards, Contactless Cards, Multi-Component Cards), Application (BFSI, Government, Telecommunication, Retail, Healthcare, Hospitality, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2026

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 2020-2026.

Smart Card Material 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. Increasing demand for secure and reliable payment transactions is one of the primary growth stimulants for the market. In addition, cost saving schemes for merchants of payment brands and growing inclinations towards cashless payments are further stimulating the growth of the market.

Companies Profiled in this report includes,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, and DuPont

Sample PDF Report Is Ready | Ask For More @: https://www.databridgemarketresearch.com/request-a-sample?dbmr=global-smart-card-materials-market

Data Bridge Market Research added a new research report to its exhaustive repository. The research report, titled Market Research Report 2020, presents an unbiased approach at understanding the market trends and dynamics. Analysts have studied the historical data pertaining to the market and compared it to the current market trends to paint an object picture of the Smart Card Material market’s trajectory. The report includes SWOT analysis and Porter’s five forces analysis to give the readers an in-depth assessment of the various factors likely to drive and restrain the overall Smart Card Material market

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

By Material

  • Polyvinyl Chloride (PVC)

  • Polycarbonate (PC)

  • Acrylonitrile Butadiene Styrene (ABS)

  • Polyethylene Terephthalate Glycol (PETG)

  • Others

  • Paper

  • Holographic Foil

  • Teslin

  • Polylactic Acid (PLA)

By Type

  • Contact Cards

  • Contactless Cards

  • Multi-Component Cards

By Application

  • Banking, Financial Services and Insurance (BFSI)

  • Government

  • Telecommunication

  • Retail

  • Healthcare

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