Demand for Contactless Smart Card Materials to Remarkably Expand

The market for smart card materials is expected to see tremendous potential in the coming years with the influx of various chip-based technologies given the increasing requirement to curb security risks across the financial and banking sectors.

Smart cards are witnessing higher demand in the form of payment cards such as debit and credit cards, as well as electronic benefits transfer (EBT) cards which are used in the allotment of government benefits. They are configured for access control across government & educational institutions and are employed for patient identification and detailing in hospitals.

he demand for polyvinyl chloride (PVC) smart card materials is anticipated to rise substantially as they can be regarded as the commonly used components in the card bodies. On account of lower prices, they are preferred in both contact and contactless cards. However, these materials offer depleting resistance to heat, UV, and bending stress, which results in the lost quality finish over time. They are also believed to exhibit a shorter life expectancy in comparison to other materials with the gradual peeling of the lamination and finishing layers.

Meanwhile, the acrylonitrile butadiene styrene (ABS) smart card materials will also see significant penetration on account of their higher resistance to heat and chemicals. As these materials possess optimum print quality-making attributes, they are suitable for graphics-heavy card applications like branded access cards and ID cards used in universities and high-end organizations.

The smart card materials market is currently being fueled by the prominence of the latest trends and developments made by the industry conglomerates. Given below is a gist of the trends that would potentially augment the smart card materials market strata in the years to come: