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. Rising demand for advanced materials in electronics and energy storage, increasing investments in research and development, expanding applications in aerospace and defense, government initiatives for nanotechnology, growing adoption in biomedical and healthcare sectors, and a focus on sustainability and lightweight materials are expanding the India graphene market share.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 9.86 Million |
Market Forecast in 2033 | USD 138.35 Million |
Market Growth Rate (2025-2033) | 31.58% |
Growing Demand for Graphene in Electronics and Energy Storage
The India graphene market growth is driven by the increasing demand in electronics, energy storage, and telecommunications. Graphene’s superior conductivity and lightweight properties make it ideal for applications in batteries, supercapacitors, and flexible electronics. With India's push for renewable energy and electric vehicles, graphene-based batteries and energy storage solutions are gaining traction. For instance, Tivolt Electric Vehicles Private Limited, an EV venture of the Murugappa Group, and Tata Power Renewable Energy Limited (TPREL) inked a Memorandum of Understanding on December 11, 2024, to improve e-mobility for commercial vehicles throughout India. Through this partnership, Tivolt's growing statewide network of small electric commercial cars and TPREL's experience in a variety of EV charging solutions will be combined to create a strong EV charging ecosystem. The project lowers carbon footprints and consumer charging costs by integrating solar energy systems at Tivolt dealerships and client sites, demonstrating a dedication to sustainability. Government initiatives promoting research in nanotechnology and advanced materials are further fueling market expansion. Additionally, major industry players are investing in graphene production and R&D to enhance its commercial viability, making it a key material in India’s technological advancements over the coming years.
Advancements in Biomedical and Healthcare Applications
Graphene’s biocompatibility, high surface area, and antimicrobial properties are driving its adoption in the biomedical sector in India. Researchers are exploring graphene-based biosensors for early disease detection, drug delivery systems, and tissue engineering applications. The rise in healthcare investments and government support for medical technology innovation are accelerating market penetration. Notably, the PGIM India Healthcare Fund, an open-ended equity strategy aimed at investments in the pharmaceutical and healthcare industries, was unveiled by PGIM India Mutual Fund on November 20, 2024. The fund will be open for subscriptions from November 19 to December 3, 2024, and it will start selling and repurchasing continuously on December 11, 2024. The fund, which targets long-term investors, aims to profit from India's growing healthcare sector, which is being propelled by rising income levels, heightened awareness of preventative healthcare, and government healthcare spending that is expected to account for 2.5% of the country's GDP by 2025. Furthermore, graphene oxide is being utilized in water purification and antimicrobial coatings, promoting sustainability. Indian startups and research institutions are increasingly collaborating to develop cost-effective graphene solutions, paving the way for its integration into mainstream healthcare, diagnostics, and medical device manufacturing in the near future, which in turn will positively impact the India graphene market outlook.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type, application, and end-use industry.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes mono-layer and bi-layer graphene, Few Layer Graphene (FLG), graphene oxide, Graphene Nano Platelets (GNP), and others.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes batteries, super capacitors, transparent electrodes, integrated circuits, and others.
End-Use Industry Insights:
A detailed breakup and analysis of the market based on the end-use industry have also been provided in the report. This includes electronics and telecommunication, bio-medical and healthcare, energy, aerospace and defense, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Mono-Layer and Bi-Layer Graphene, Few Layer Graphene (FLG), Graphene Oxide, Graphene Nano Platelets (GNP), Others |
Applications Covered | Batteries, Super Capacitors, Transparent Electrodes, Integrated Circuits, Others |
End-Use Industries Covered | Electronics and Telecommunication, Bio-medical and Healthcare, Energy, Aerospace and Defense, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: