South America Smart Card Material Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material [Polyvinyl Chloride (PVC), Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), Polyethylene Terephthalate-Glycol (PETG), and Others], Type

South America Smart Card Material Market Forecast to 2028 - COVID-19 Impact and Regional 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) 

The smart card material market in SAM is expected to grow from US$ 106.46 million in 2021 to US$ 136.40 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028.

Smart cards are extensively used in the telecommunication industry. The majorly used smart card in the industry is subscriber identity module (SIM) or universal integrated circuit card (UICC). These smart cards are manufactured mostly from polyvinyl chloride (PVC) and acrylonitrile butadiene styrene (ABS) materials. The 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 the rising consumption of smart cards in the telecommunication industry. Furthermore, the growing demand for healthcare is also the major factor 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 the rising consumption of smart cards, which, in turn, is anticipated to drive the market during the forecast period.

In SAM, Brazil recorded the highest number of COVID-19 cases, followed by Argentina, Colombia, Peru, and Chile. The governments in SAM have taken an array of actions to protect their citizens and combat the virus spread through lockdowns, trade bans, and travel restrictions. This had an impact on the growth of the smart card materials market. However, the business activities are expected to gradually recover in the coming months as the governments from the region continue to push forward their reopening plan to kickstart the economy.

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

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

SAM Smart Card Material Market Segmentation

SAM Smart Card Material Market - by Material

Polyvinyl Chloride (PVC) Polycarbonate (PC) Acrylonitrile Butadiene Styrene (ABS) Polyethylene Terephthalate-Glycol (PETG) Others SAM Smart Card Material Market - by Type

Contact Cards Contactless Cards Multi-Component Cards SAM Smart Card Material Market - by Application

BFSI Government Telecommunication Retail Healthcare Hospitality Others SAM Lymphedema Treatment Market - by Country

Brazil Argentina Rest of SAM SAM Lymphedema Treatment Market - Companies Mentioned

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

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM smart card material market.    
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the SAM smart card material market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the smart card material market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution