India Graphene Market Size, Share, Trends, Key Players, Growth and Forecast 2025-2033

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 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:

India graphene market is experiencing dynamic growth as industries are increasingly adopting high-performance materials to support next-generation technologies. Graphene is emerging as a critical component in applications that demand exceptional conductivity, strength, and thermal resistance—qualities that are transforming sectors such as electronics, energy storage, and automotive manufacturing. Manufacturers are integrating graphene into lithium-ion batteries and supercapacitors, enhancing charge cycles and energy density while enabling miniaturization of devices. In parallel, the electronics sector is leveraging graphene-based composites for flexible displays, advanced sensors, and high-frequency transistors, aligning with the rise of smart consumer electronics. With both public and private sectors investing in nanomaterials innovation, India is cultivating a robust ecosystem for graphene research, development, and commercialization. Strategic collaborations between academic institutions and tech startups are facilitating breakthroughs that position the country as a hub for material science innovation in Asia.

In the southern and western regions—particularly Karnataka, Maharashtra, and Tamil Nadu—industrial clusters are driving graphene market expansion through focused R&D, government-supported incubation centers, and strong electronics manufacturing infrastructure. Bengaluru, often referred to as India’s “Silicon Valley,” is fostering innovation through startup accelerators and partnerships that prioritize nanotechnology. These regions are also seeing increased integration of graphene in aerospace and defense projects, where lightweight, durable materials are essential for high-performance components. Chennai’s automotive corridor is adopting graphene-infused composites to reduce vehicle weight and improve fuel efficiency, contributing to broader sustainability goals. Additionally, state-level policies encouraging semiconductor and advanced material investments are creating a fertile ground for graphene applications. As manufacturers and suppliers in these areas strengthen their technological capabilities, they are positioning themselves to support both domestic production and global supply chains in emerging tech industries.

Northern and eastern regions, including Delhi NCR and West Bengal, are witnessing growing adoption of graphene technologies in healthcare, construction, and renewable energy segments. Biomedical researchers are exploring graphene’s biocompatibility for drug delivery systems, tissue engineering, and diagnostic tools, while infrastructure developers are evaluating graphene-enhanced concrete for durability and longevity. Solar energy developers in these areas are testing transparent graphene electrodes to boost photovoltaic cell efficiency and flexibility. At the same time, regional institutions are collaborating with central government bodies to implement graphene-focused policy frameworks and funding mechanisms, encouraging industrial-scale commercialization. These developments are nurturing a diversified, future-ready materials sector, reinforcing India’s potential to become a global leader in graphene innovation and application across strategic verticals.

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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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