India Graphene Market Overview
Market Size in 2024: USD 9.86 Million
Market Forecast in 2033: USD 138.35 Million
Market Growth Rate: 31.58% (2025-2033)
According to the latest report by IMARC Group, the India graphene market size reached USD 9.86 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 138.35 Million by 2033, exhibiting a growth rate (CAGR) of 31.58% during 2025-2033.
India Graphene Industry Trends and Drivers:
The Indian graphene market is on a growth curve at the moment owing to the increasing demands for advanced materials in various industries. Graphene with its outstanding electrical, thermal, and mechanical properties is in demand for applications including electronics and energy storage. The adoption of graphene is being driven forward with the increasing demand for lightweight yet efficient materials for sectors like aerospace and automotive in particular. These types of materials are expected to enhance the performance of batteries, capacitors, and other energy storage devices, hence positioning graphene as an immensely important player in the move toward sustainable energy solutions. The application of graphene in these fields is still being researched by manufacturers, which is furthering the entire market with distinctive interest generated from private firms as well as government agencies putting hugely into research and development.
Another major growth driver is the increasing applications in the biomedical and healthcare sectors. Being biocompatible with a high surface area, graphene is being developed for drug delivery, diagnostic use, and medical devices. There is an increasing amount of research directed toward the application of graphene and the improvement of medical treatments, especially with regard to cancer therapies and wound healing. As the industry innovates in new medical technologies, graphene is fast becoming a material capable of enabling breakthroughs in medicine. The merger of scientific advances with increased investments in these areas tends to accelerate the incorporation of the material for healthcare applications.
In addition, government efforts related to nanotechnology and sustainable materials are helping to propel the Indian graphene market. The government is now stressing the importance of nanomaterials, including graphene, in its broader efforts for technological innovation and industrial development. In turn, this focus on sustainability along with the push for lightweight, high-performance materials is resulting in an expanded use of graphene in maturing sectors. The market will further be gaining from these rapid advances which look at reducing carbon footprints while providing greater efficiency for manufacturing processes, thus enhancing innovations in graphene-based solutions. With more innovations and uptake of graphene in varied industries, the next few years promise good growth opportunities for the Indian graphene market.
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India Graphene Market Forecast & Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Mono-Layer and Bi-Layer Graphene
- Few Layer Graphene (FLG)
- Graphene Oxide
- Graphene Nano Platelets (GNP)
- Others
Application Insights:
- Batteries
- Super Capacitors
- Transparent Electrodes
- Integrated Circuits
- Others
End-Use Industry Insights:
- Electronics and Telecommunication
- Bio-medical and Healthcare
- Energy
- Aerospace and Defense
- Others
Regional Insights:
- North India
- South India
- East India
- West India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
India Graphene Market News:
- On November 25, 2024, Asian Paints debuted their newest ad campaign which showcases the launch of graphene-enhanced Apex Ultima Protek. Asian Paints demonstrates its dedication to sustainability and innovation in offering long-lasting solutions for Indian houses by utilizing graphene, a substance renowned for its strength and tenacity.
- On September 5, 2024, the Ministry of Electronics and Information Technology (MeitY) announced that the India Graphene Engineering and Innovation Centre (IGEIC) will be established in Kerala with the goal of making the state a pioneer in cutting-edge materials. The non-profit IGEIC will encourage partnerships between startups, SMEs, industry, government, and academics in order to create a strong graphene ecosystem. Strategically, Kerala's dedication to sustainability and technical innovation would be highlighted by the R&D center located in Thiruvananthapuram and the production plant located in Palakkad.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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